7 Strategies for Making a Good Bet
Hello dear bettor,
Today we are going to list and explain to you 7 strategies for making a good bet. We want to emphasize that this is just a guide, there is no 100% foolproof strategy, and anyone who tells you otherwise… is lying. And the Odds Blog doesn’t lie to you! 😄
There are several bettor profiles, and Sharps are the 3% of bettors with a higher success rate than losses. A Shark seeks to know and deepen their strategies to make a good bet, ensuring that all the money invested is recovered. Due to their high level of dedication and discipline, this type of bettor often achieves quite decent profits. That said, to know the best strategies, it’s important to understand the market and know exactly what you’re betting on.
Therefore, today we are going to share some of (in our humble opinion) the best strategies for making a good bet, ensuring that all the money you invest is invested according to the best in the market. This way, you will achieve a good financial return in the long term.
Don’t Bet for Love of the Jersey
It may sound philosophical, but it’s not. One of the crucial mistakes many recreational bettors make is placing bets based on their emotions and favorite clubs. For the love of the jersey, that is. This often leads to bets being placed without any knowledge about the sport and the teams, resulting in wrong bets and lost money.
Detach yourself from your personal tastes and emotions: Make your bets based on probabilities and informed knowledge about the sport and the market itself. Don’t be a rookie! 😜
Lost? It is what it is!
It’s well known that in the world of sports betting, losing a bet means losing money. However, it is imperative to accept these losses to be successful, as mistakes and bad bets happen to everyone. You need to accept those bad days. And remember… Chasing losses (increasing the bet size to compensate) is a sure path to disaster!
Before you move on to new bets, study the game itself and the event you’re betting on: Know your limitations and accept that, no matter how much of a betting genius you are, no one wins 100% of the time.
Manage Your Bankroll
Knowing your limitations, as mentioned in the previous point, is very important. Your financial limits must be well-defined so you can make good bets. Even though there may be moments when your gains are high, it’s important to always have a set limit on how much you can bet and stick to it.
By adopting this measure, you will always stay away from bankruptcy.
If You Don’t Know, Don’t Bet!
Betting in markets you’re not comfortable with is almost as silly as betting “for the love of the jersey”: It’s crucial to know the ground you’re stepping on.
Limit your bets to the markets and events you are knowledgeable about. As mentioned before, your bets should be made considering the probabilities and the studies conducted by the betting houses themselves.
Multiple Bets? Only on Betano
Multiple bets are a much more complex type of bet and difficult to make without the right knowledge and experience in the betting world.
It’s true that, on the other hand, these bets can become great allies, as long as you fully understand the risks and benefits associated with them. But this is only possible, in most cases, after “many years of practice.” We do not advise making multiple bets without help if you have recently entered the betting world: If you want to test yourself, the Odds Blog recommends trying Betano’s Bet Mentor, a multiple bet assistant that will help you choose the best options.
Always Hunt for Value Bets
A Value Bet is an exaggerated odd that a particular betting house has given to a specific event. You can read more about them here. And “how do I find them,” you ask: They are not easy to find, but as you gain experience in the betting world, you will also gain the sensitivity needed to discover them. This is especially true if you specialize in certain sports, leagues, or markets. You can also use the Odds Comparator. Use it to find odds discrepancies between legal betting houses in Portugal.
Knowing When to Stop is as Important as Knowing How to Bet
As important as knowing how to make a good bet is knowing when to stop making them. If you find yourself in a streak of bad luck or if you simply haven’t yet gathered the necessary knowledge to ensure a good financial return, then what you need to do is simple: Stop for a while and avoid losing even more money!
Leave your own favorite strategies or questions about what was discussed in this tutorial in the comments. You already know… The Odds Blog always helps!
Happy Betting!
