Everybody wants to succeed in betting on a long-term basis and in order to do this, different kinds of study has to come into play. Every bettor needs to have a strategy which will equip him with the tools to acquire a reasonable profit overtime.
Becoming a pro bettor isn’t an easy task. Betting isn’t considered be as an investment opportunity to many. But in order to succeed we would need to treat it as such. Thus keeping the wins constant even on the long run.
Key points of some investment strategies which can apply to betting are stated below;
INVESTING IN VALUE
This strategy can be attributed to famous people like Benjamin Graham who brought forth the idea of “Value Investing”.
This simply refers to studying a stocks true value by considering its long-term potential to earn.
Economist use this method to determine undervalued stocks with great potential to appreciate.
A bettor who takes his betting seriously can also gain from this concept.
For instance
An individual can study different factors of an event , so as to determine where the bookies are offering value.
Finding value in betting is easier said than done. If it was easy every bettor would do it hence giving those who can a very good advantage. Once a bettor puts in time to acquire information about a sports bet he/she already has an advantage.
Using mathematics
To gain the added advantage, a sports bettor MUST involve math to some extent. Ranging from average number of cards a team collects to number of goals scored per game etc.
The main point remains that one has to put in effort to do a little mathematics. No matter how difficult it may seem at the beginning.
To succeed long-term, you have to choose strategies that suit you, your type of bets and also help you identify valuable bets.
Focusing on long-term earnings.
Most business owners or investors don’t worry about short-term gains. Rather they focus their resources on earning from long-term investments.
A Forex trader will only bother about short-term gain if he is looking to gain more before buying a given stock .
Example
If a stock trader sees value in a share going for N3000 per unit, he would purchase even more if the price drops to N2500.
In other words, an experienced bettor needs to stay focus on the long-term earnings even when they already have the advantage .
Main point here is to have a bankroll huge enough to cover short-term mishaps . Cause in the long run and with the necessary skills you would still be at an advantage.
Individual skill level
Not everyone would eventually make it in sports betting and not everyone has the potential to make correct predictions and earn from it.
Since this is the case, it is advised that every bettor whether professional or otherwise should be aware of his potential. And should manage his/her bankroll accordingly.
For an inexperienced bettor who has a bank roll of N5000 no need placing bets on games using stakes like N500 or N1000.
Rather it would be much better to test your abilities with stakes of around N50/N100 .
This provides an opportunity to improve on your betting edge whilst trying to earn, without risking a lot.
…to be continued
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