In this article you can learn more about how to find the best tactics in sports betting, that will secure you a positive return of investment. Sports betting is considered a risky type of investment but if you do it right, it can have a very high return rate. Read more on this here!
Sports betting is seen as a risky form of investment, where not much should go wrong before you will lose big sums of money. But with a more strategic way of thinking, betting can be a safer and profitable activity, if you follow the right, secure principles. We have summed up some tips for sports betting, which you can use to turn betting into an investment and potentially have a chance to make some money.
Set a budget of what you can afford to lose
The first step for all kinds of investment should be setting a budget. As a professional investor, you wouldn’t just react on a stomach feeling. Before even considering which investments to bet on, you would set a strict budget of your starting capital and make a plan for how to make this amount of money grow. When it comes to betting, you should especially think about the risk of losing. Sport is an exceptionally competitive field, often with two competitors trying to win. The chances of losing are relatively high, so never bet more money than you can afford to lose.
Focus on ROI like an investor
It might not be a bad idea to focus on the low odds. Some players tend to think odds like -$400 are too low to make a bet. But a win of this bet will give you a return at 25 percent, which most investors would consider as very high returns. The implied probability of winning at those odds is 80 percent, but that also means you have a 20 percent chance of losing. But with low odds, you just need to win much more times than you lose, because you will lose all of your bets if you are wrong.
Playing games with low odds can be a more predictable way to gain a constant positive ROI instead of taking bigger risks and losing your bets. And since you will get your investment returned very quickly, it might not be seen as a terrible investment. Read more about ROI here: https://www.businessinsider.com/roi.
Spread your bets
Sometimes you win, sometimes you lose. That’s the logic of sport. The entertainment of sport lies in the lack of prediction, so you shouldn’t rely on winning all of your bets. To be robust against these risks, you should spread your bets out in smaller bits, you can afford to lose. A rule of thumb could be never to bet more than 5 percent of your overall budget.
There should also be distinctions in the individual bets of how likely you think the outcome is. Is it a 10 out of 10, or do you see it more as a risky bet? Then you can differentiate within the span leading to a maximum of 5 percent.
Look for alternative odds
The most classic form of betting will be on predicting the winner of a game. But that is not always giving the most attractive odds. If one team is a massive favorite, the odds for this win will not always give you massive payouts. Instead, you can look for markets with Asian handicaps, the number of points, cards given, or other alternatives that might show a more detailed knowledge of the game.
If you want to know more about sports betting, you can read much more about odds, bookmakers, and different games at https://www.betphilly.com/. Here you can find ratings and reviews of the best bookmakers in Philadelphia and find tips that can get you started with sports betting.