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This is one of the many reasons why we provide team news to our members. Betting on impulse, betting with your heart, letting your emotions take over, and betting solely based on the betting odds are all sure-fire ways of losing money.
Impulse betting is where a punter places a bet on whichever matches are available, regardless of their knowledge of the teams involved. Betting with your heart means backing your own team to win, or favourite player to score first, regardless of the opposition or form of the player.
Whilst some punters may get lucky and win often if they support a big team, those who support a team struggling against relegation every year will lose more than they win.
Letting your emotions take over is a big no-no when it comes to betting. This is usually described as chasing your losses, when you are angry and frustrated after a bet fails to win.
You then place more money on another bet you believe to be a banker, to try and regain the money you lost before. This is a slippery slope and could quickly lead to a bank balance of zero.
Betting based solely on the odds is another thing punters should never do. Whilst short odds favourites obviously have the best chance of being victorious, there may be mitigating factors which could weaken that chance.
Remain analytical and do not bet on a match unless you have gathered as much information as possible. Some punters look for the big, life-changing, win every week.
They probably won't beat the table leaders but could they get a goal? Result and both teams to score could be a more sensible bet.
Some will do this for the full day of the event itself. Others will boost a price for a set period at random points meaning unless you spend the day in the shop, you'll only come across these by chance.
If it's a particularly popular event, the bookies will almost certainly be promoting it with offers designed to persuade you to part with your cash.
As bookmakers try and offer more and more ways for us to hand over our cash, they are forever expanding the list of sports and markets they cover.
This undoubtedly means that they are covering sports they might not know as much about as they would like. A good example is MMA.
The sport of mixed martial arts is on the rise and so we are getting increasingly more coverage and more information about competitors. But why was Rousey at such a short price?
Everyone will have good days and bad days but follow these tips and you should soon be able to spot the best value bets available and hopefully reap the rewards!
Just remember only bet what you can afford to lose, never chase your losses and if the fun stops, stop! By Katie Feehan.
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Take advantage of matched betting. Matched betting involves taking advantage of the bonuses and incentives offered by books to place bets for and against the exact same event.
Matched betting is all about taking advantage of free bets and betting for both possible outcomes on the same game, so this type of betting is as near to risk-free as you can get in gambling.
That's the spread -- the under dog is plus 7. If you pick the favored team and they win by more than 7, you win. If they win by exactly 7, you tie.
If they win by less than 7, you lose. Not Helpful 7 Helpful Matt S. Pick one sport to focus on. Then do some research and decide which bets are more likely to win.
Not Helpful 3 Helpful Do your own research on why the odds or lines are being offered the way they are. Explore other bookmakers for comparison.
Then place your bets with a bookmaker that has an established history of being honest. Not Helpful 2 Helpful 7.
I'm constantly betting 3 team parlays with low money because that's the best risk reward but winning with very little success.
Should I stay away from parlays? Yes, stay away from parlays. You are betting in order to win an amount as opposed to winning in general.
Greedy bettors is how professionals and bookmakers profit. Not Helpful 4 Helpful 7. Not Helpful 1 Helpful Unanswered Questions.
How can I get 5 odds for sports betting that are 99 percent accurate? Include your email address to get a message when this question is answered.
Submit a Tip All tip submissions are carefully reviewed before being published. Find out more. We allow every customer to set deposit limits in their account settings and will process these instantly.
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Our fair and responsible product line-up ensures that every user can play within their financial means and, together with leading research institutes, associations and counselling providers, receive the best help available.