Do you like football so much that you know all the ins and outs? Then why don’t you make a profit while watching the match?
Football is the UK’s most popular sport for betting. So popular that over 40% of all money spent on sports betting are wagered on this beautiful game. With a sheer number of matches played each day across the nation and beyond, betting on football can quickly become thrilling, from the action to choosing which bet you want to place, with so many to choose from: draw no bet, BTTS, over 1.5 goals bet and many more.
Before getting started, check out this ultimate guide to football betting to learn how to increase your odds and gain a profit.
1. Know Your Sport
Being a football fanatic doesn’t make you a successful bettor. In-depth knowledge of your sport is vital if you want to place a winning bet. You can understand the various possibilities and outcomes to any situation, not only the win-lose odds. If you know how to interpret what happens in the field, you can bet on live, in-play events that often pay more than a simple match bet.
2. Know How Sports Betting Works
Sports betting is overwhelming if you don’t know what you’re doing. That’s why you should learn at least the basics before getting started. The first thing to learn is how to read the odds. Odds are placed by bookmakers and represent the ratio between the stake and winning. They are often shown as fractions, with an odd of 2:1, meaning that you will win £2 for every £1 you bet – the higher the ratio, the higher your profit should your bet win.
If you’re just getting started, a match bet is the simplest way to learn football betting. In this type of bet, you wager for the home team to win, the away team to win, or a draw. Match bets are paid out on the outcome after 90 minutes of play (irrespective of what happens after the extra time and penalties).
3. Diversify Your Betting
Once you’ve learnt your way with the win, lose, and draw, you can start to diversify your analysis and place live, in-play bets. These types of bets can increase your chances of winning if you know the sport well and learn how to interpret each situation. For instance, an injury or dismissal can alter your chosen team’s probabilities of winning or losing.
4. Don’t Overestimate Your Knowledge
You can know as much as possible about football, but sports can always be surprising. That’s why you should only bet on the leagues and teams, you know. Even if you know how betting and football work if you’ve ever only cared about the European League, for instance, you should only bet on the teams playing in it. Otherwise, you could risk losing your money.
5. Approach Betting With An Open Mind
Betting is often seen as a way to get rich fast, but this couldn’t be further from the truth. As a beginner, there are higher chances you’ll lose until you get the grip of it. That’s why you should only bet the money you can afford to lose and only place wagers when you’re at your emotional best. The whole point in sports betting is having fun, so approach it lightly and with an open mind.