How to Control Your Bets on Sports?

It is very important to know your own strengths and weaknesses, and this requires utmost honesty. Most of us like to think that we are a little better than we are in any field of activity, including sports betting.  However, without taking sports bets into account, success is much less likely.  How to learn how to control your bets, we will talk today.

Why do you need to keep records in sports betting?

Most of us like to think that we are a little better than we are in any field of activity, including sports betting.  The only sure and proven way to get an objective and truthful picture is to keep a record of your bets.  Not only the winner, but also the loser, too.  Full, extensive, and accurate records management is a must for anyone who aspires to improve their professional level.

Do not trust the memory; this is unreliable.  Keeping detailed and accurate records of your bets is an important part of the methodical game and the basis for future success.

Record keeping should be simple, but effective.  The more you record, the better you can analyze your methods for possible weaknesses.  For example, differences in the level of income between different types of bets, the favorable outcome of bets placed on an individual bookmaker and the accuracy of calculating the probability are factors that can be measured after collecting sufficient statistics.

Keeping detailed records of all bets is also easier to find the optimal strategy for you to play and determine the risk profile.  Keeping accurate records of all your bets guarantees effective and objective control over your investments.  Carefully recording each bet and its result, the player can avoid the universal inclination to self-deception.  A clear method of accounting is, for example, the table of accounting bets in Excel.

Betting on sports

The number of sports for betting is also worthy of careful consideration.  We do not know of any successful player who can devote enough time and energy to successfully play more than 2 or 3 sports.  It is simply impossible to cover all the information aspects necessary to support a winning activity, if you simultaneously engage in a large number of sports.

Most sports fans will be able to choose the winner’s team in any competition, but the belief that this is enough to ensure a sustainable profit is a reliable way to achieve a catastrophe.  Without a clear plan and accurate records of all bets made, it is impossible to rise above the level of intuition and luck in a long game.

How to manage the capital invested in bets

Accurate accounting and a correct capital management strategy are also important, as is the ability to make a forecast for anyone who aspires to receive a constant profit from sports betting.  There are innumerable players around the world who are not able to regularly receive a decent income from bets only because they rely entirely on their ability to choose winners without taking into account the money management system and the strategy of the game.  We know many players who have not achieved positive results for the entire game, despite having the ability to research and weigh factors associated with determining the object of the bet, because they did not make a long-term plan and strategy.

So, in order to succeed, set the amount of the game bank.  How much are you willing to lose? How much can you allow to invest in yourself? Assign an amount that is ready to lose all to a penny.  Hang on, was not it about winning money? Yes, of course, various financial betting strategies for beginners are designed to help deal with this issue.  But we must always admit in theory and the worst scenario, when all the money goes to bookmakers.

This will not happen if we observe the principles that we will outline, but let’s assume that everything will go terribly badly, and if the gaming bank is the amount we can afford to lose, then there is nothing to lose except a small amount of money.  Our life will not be strikingly changed by an unsuccessful attempt to enter the sphere of business in which we do not yet have any experience.

How to keep a record of your bets

To begin with, we define the principles that we will observe all the time, following a long road of transformation from enthusiastic amateur players into professional players.  Let’s make it clear that there is no magic formula or secret that will suddenly turn a regular player into a bookie burglar.  Hard work and persistence are the qualities needed here, and if you are not ready to spend every day for a while, then it’s time to stop reading.

If you have a desire to raise the level from an amateur player, then prepare for hours to learn your new profession, and be ready to receive a reward.

So, we recognized the need to control sports betting, both winners and losers.  How to start keeping records of sports betting? It is necessary to record each bet made.  The object of the bet, the amount, the coefficient – both in money terms, and in percentage of the total gaming bank.

There are no exceptions, no evasions, no excuses, that you forgot to record the made bet.  Every penny of a game bank must be accounted for at every step, without excuses “I will do it later. ” Everything is simple, without this account there is absolutely no way to make an accurate picture of the game campaign, and if we hope for memory, we will not be able to move beyond the level of the amateur player.

How to control the amount of sports bets?

The next rule is how much to bet on each bet, and the rule is simple.  Never, under any circumstances not put more than 5% of the game bank.  Less is even better, and 5% is enough.  This means that if the gaming bank is $ 100, in no case can you risk more than $ 5 at every bet.

It does not matter whether the bet is reliable or not (there will always be reliable bets), no more than 5% – the rule that we adhere to except the most exceptional circumstances.  The reasons for this are easily explained.  Never risking more than this percentage, we will be sure that a series of losses will not be destroyed by our entire gambling bank, and all the time we will increase the comprehensive accounting of bets that will help us to accurately determine our strengths and weaknesses in forecasting, and the amount spent on Sports betting will not be critical for your personal budget.

So, let’s repeat what we have outlined today.

• We install the initial game bank.
• We keep accurate records of all bets.
• We never risk more than 5% of the game bank under any conditions.

WARNING: Sports betting, if you do not have deep knowledge, can seriously damage your health and finances.

Why you need to learn the control of bets

It is known from experience that many players who decide to win one day will bet on almost anything, only to satisfy their need and excitement that accompany the whole process.  The adrenaline rush associated with gambling is a powerful and influential force that can often not be denied, and unless it is tamed, you will not achieve anything other than reckless thrills with lasting losses and in the long term become an unhappy sufferer.

Bets on any sport without deep knowledge reduce the chances of winning to pure luck.  In order to succeed, we simply have to rely on our own opinions, and they can be made only using our own records and methods of determining likely winners.

First, you need to be honest with yourself and choose one or two sports, of which we have some knowledge.  These are the kinds of sports on which we will try to profit from the bets.  There is no point in betting on events about which we know little.  Whichever sport we choose, we must now study everything that can help us in determining the winner.  It is necessary to regularly visit websites with the latest news and information.  Newspapers and magazines with current information should be read regularly, the opinions of other players should also be taken into account, but all the time we must develop our own opinions.

When we selected the object of the bet, and carefully noted the coefficient and all the other details in our records, we should also add a few words as to why we chose this event.  Records can be read later, and examples will be taken into account in our overall strategy.  Do you think that we are exerting excessive zeal for this?

The answer to this question will accurately determine how serious you are about earning a living at sports betting.  Without this preparation, there is absolutely no chance for long-term profit.

This is a pretty strong statement, but it’s really true, and anyone who wants to rise above the crowd is advised to take this into account.