What Are the Fundamentals of Successful Betting?

Posted by Lucas Bell on June 8th, 2018

Learning sports betting is relatively easy, but you need to master a few basics. Once you understand how the mechanics of sports betting work, it doesn’t take long to get started. However, for a successful bet, you need to master a range of skills. To help you improve your chances of making money from bookmakers, here is some additional information.

From top online sportsbook to staking plans, we have covered everything.

Bankroll management

Bankroll management is using your money sensibly. It is a straightforward practice which many bettors often ignore. You would never want to make the same mistake. If you will not manage your money correctly, the probability of your making profit consistently is very faint. In such case, you are likely to be broke very soon. Many punters fail, not because they couldn’t pick winners, but they cannot maintain their bankroll smartly.

The key is to set specific guidelines for how much going to stake. As a thumb rule stake only what you can afford to lose. Stay disciplined and stick to those guidelines.

How to handicap the market

A sport handicapping is a complex topic. It involves many variables and takes a long time to master.

In simple terms, handicapping the market is to try to identify betting opportunities with positive expected value. Wagers with positive expected value are referred to as “+EV,” and in theory, these wagers make more money over time. If done well, they can be very profitable especially with an online sportsbook.

There is no exact science behind correct way to handicap sports betting markets. But some approaches can be used after experience and several attempts of trial and error.

Staking plans

Staking plans are essential part of betting. Basically, a staking plan is a strategy that helps you assess how much money you should risk on a wager. Contrary to you have just guest that you will bet on a college football game this Saturday, a staking plan apply some logic to how much you should wager.

In other words, with a staking plan, you use more than just your instincts. Depending on your betting strategies, you go through your recent track record. The best reason to use these methods is that it helps you with your bankroll management which often is one of the biggest challenges before punters.

Betting for just fun is pretty different from betting for profit, that too in a longer run. So, if you want to be a skilled punter, you need some additional information, help, and tips.