Regardless of whether you are an experienced punter or a rookie, some football betting tips are always welcomed. Namely, even though your success in football betting lies in your ability to make correct predictions, there are still certain tips and tricks that can boost your performance. Therefore, we have created the ultimate list of tips for improving your football betting strategy.
If you are old school, you can record your bets in your favourite notebook. If you are into tech, you can use any spreadsheet program to track your bets. Either way, it is a must to keep records of your bets and therefore of your overall performance. Basic bet tracking strategy would be to simply track winnings and losses. Hardcore tracking includes recording various markets, leagues, odds and so on.
If you are wondering why this is important, let’s say that this helps you improve in the long run. Namely, you can check where you perform better and what are your weak points. For example, maybe you are a football betting pro for the Premier League but often lose cash on the Sky Bet Championship. Your records will point this out and help you stick to well-performing bets.
Many people think finding the best football betting odds is easier said than done. However, in reality, all you need to do is simply check the odds for a certain match at several different bookmakers. It goes without saying that there are numerous top-rated bookmakers when it comes to football betting. Yet, this doesn’t exclude the possibility for one of those to offer better odds for a certain event. So, don’t be lazy and do your research.
After all, the best odds result in the highest winnings and that’s what football betting is all about. Even when the difference seems insignificant, the amounts add up on the long run to a hefty sum. For example, if you had won £10 more on your 100 winning events by finding better odds, your overall winnings would’ve been £1,000 higher.
Bankroll management is a must for every punter that wants to grow as a football bettor or as a bettor in general. So, what’s a betting bankroll? Well, that’s an amount of money you can afford to lose and set aside for betting only. The amount can be anything really, with £500 often being the optimal sum for newbies. Once you have a bankroll, you will use only the bankroll cash for sports betting.
There are different ways of handling your bankroll, with flat staking being the most popular one. Flat staking is placing the same stake for every bet. Often, this bet is between 2% and 4% of the bankroll. This way, you will limit your losses and know when to stop. Moreover, you will be able to track your progress once the bankroll starts growing.
Each bet you place comes with certain odds. These odds can be good or bad, point to high probability and promise juicy winnings. However, in order to be able to distinguish good odds from bad odds, you need to understand the concept of value as well as basic maths. Both are crucial to becoming a good football bettor in the long run.
Namely, the value in terms of sports betting refers to something with a positive outcome. For instance, let’s say there is a game between Arsenal and Chelsea. You think the chances for Arsenal to win are 50%, but the bookmaker believes their chances are only 35% and offers appropriate odds. In this scenario, you have something you believe is a value bet. Therefore, if your prediction is correct, you will receive a nice payout. However, for a bet to be a value bet it must be supported with both your opinion and research.
When it comes to basic maths, this doesn’t really need too much explanation. Any bettor needs basic maths in order to calculate the probability or possible returns from given odds. These calculations are crucial for making well-informed decisions and therefore for generating profit.
We wrote about expected value as well as about the best odds. However, it is still necessary to highlight the importance of sticking to smart football bets only. Smart bets are those bets that have the high expected value, good odds and make sense. So, if you want to bet on your favourite football team to show support, don’t do it unless all three requirements mentioned above are met.
If you want to become a pro in football betting, you should remove any emotions from the activity. Instead of placing bets for fun or out of love, you should place bets that have a high likelihood of generating profit. This may seem hard at first. Nonetheless, after you understand the importance of making well-thought decisions you will easily get used to it.