My Football Facts ⇒ Articles
Sports betting comes with its risks. It’s part and parcel of it and punters should be fully aware of that before ever landing on a sportsbook. It is not the risk of just picking the wrong outcome of a football match, it’s the money that you use to stake the bet with that’s the real focal point.
Betting on English Premiership odds and waiting for outcomes to unfold can be an emotional rollercoaster of a ride. But it is important to separate emotions from betting and take it all in something of a pragmatic, level-headed stride.
That will help immensely in keeping your betting practices in check. But how do punters balance the risk and rewards that come with soccer betting odds?
A lot about sports betting is just finding the middle ground in terms of odds value. You don’t want to keep playing those really strong odds-on selections like 1/3 odds winners. The bookies won’t like that if it’s all that you bet on, and it’s not going to do much for boosting your winnings anyway.
Similarly, you don’t want to go right the other way and consistently take big punts on long-odds underdogs. For Premier League betting, a 3/1 underdog in a match outright for example, represents that there’s roughly a 25% chance of that team winning the fixture. That’s a very small percentage being just one of three outcomes.
You can often think about a sort of ‘vanilla’ approach when it comes to football betting or any kind of wagering. Part of that means just staying well clear of volatile, unpredictable markets that can suck your bankroll dry.
The Correct Score and First Goalscorer markets are prime examples in football betting. No kind of statistical insights can get you to an accurate prediction of what the final score in a match is going to be.
There are just so many variables in terms of the scoreline, like a dodgy penalty or a red being awarded, and even tactics. Although there are common results that come up more than others, like 1-0 and 1-1, there’s nothing valuable about these types of markets.
The First Goalscorer market has 20 outfield players to pick from at kick-off. But who’s to say it won’t be a substitute netting the opening goal of the game, or there not being a goal at all?
Stay consistent with your plans. Betting strategies come from research which means that you should carry those conclusions forward to your betting. Don’t stray from what your research has told you.
Avoid getting pulled away by the lure of something like a price boost on treble that’s been crafted by a bookmaker or making a bet that you hadn’t planned on, just to qualify for a promotion.
Sticking with the consistency of playing similar bets and stakes over and over again, allows you to see where your betting strategy may not quite be working for you. If in contrast, you are just playing random bets with different stakes, you are not going to get a clear picture of where the best value and returns are.
Again the big risk is with your money. Keep the betting balance that you have in good check and that is done by breaking down your bankroll into bite-sized chunks. Take your total and apply around 3% of that as a stake for each bet that you play.
That means you always know what’s going out and will be less tempted to throw an unplanned big stake at a bet. All betting involves risk assessment, so be savvy about risk and reward, such as understanding that an even money win single far outweighs a fivefold acca.