As the title says, we will try to figure out which is the best approach in betting, either to trust betting tips from experts, or to do our own analysis. Since sports betting can be more profitable than stock investing, it’s no wonder there is so much hype around it. In stock market’s history, the average yearly return for periods of 25 years or longer has been around 9-10%, and that includes dividends. In sports betting, a tipster (or bettor) can easily achieve higher returns.
Let’s start with the more complex task of finding our own tips, and have a look at the implications behind it.
1. Coming up with our own betting tips
Basically there are two ways in which we can create our own betting tips:
we can simply place bets based only on teams’ value
The good thing about this approach is that it saves us a tremendous amount of time. We all heard about Barcelona, Arsenal, Real Madrid, Bayern Munich or Juventus, and we can always add them in a weekend accumulator and simply hope that all favorites win. A couple of years back there was study that revealed which teams in the United States attracted most bets. The same study can be done on all sports all over the world.
The ones with a bit more knowledge on betting prefer playing singles instead of accumulators. Betting on singles actually increases the chances of winning, and is of course recommended for all bettors, professionals and amateurs alike. Accumulators should only be played for fun and for insignificant stakes.
Getting back to our strategy, it must be said that this is the easiest, and in the same time the most common betting strategy in the world. It is preferred because it doesn’t imply any kind of work, and instead it relies solely on instinct and knowledge previously accumulated. But unfortunately this strategy is the less productive one, and is actually one of the reasons bookmakers always win. There is not much professionalism in this approach, and as a consequence there is not much profit. Usually in life all activities that bring profit are treated with professionalism, otherwise it’s just a waste of time. Most probably you take your tasks at work very seriously, otherwise there wouldn’t be a paycheck at the end of the month. The same goes for betting, there is no profit unless is taken seriously.
if you take your job seriously, you should do the same with betting
Betting is serious business, otherwise how would you explain that one of the most important newspapers in the world, a newspaper that sets the framework even for TV stations, started providing betting tips?
we can make an in-depth analysis on games from tournaments we are familiar with
As you probably realized this strategy is a bit more complex and requires more of our time. It is of course advised that you concentrate only on tournaments you are familiar with. If you never placed a bet on Germany Bundesliga for instance, you should avoid it and focus only on teams you have some knowledge on. In case of football (soccer), tactics and key players don’t change every week, that is why even a vague idea about a team is a definite advantage.
There are a couple of resources you can use in your betting activity. Maybe one of the most popular is Soccerway, where you can see all kinds of stats and even missing players for some leagues. The site encourages fast browsing, so in case you are meticulous researcher, this is by far the best resource when looking up stats.
Unfortunately it is not exactly reliable when it comes to injured player, so if you are keen to take team news in consideration when doing your analysis, it is advised you browse teams’ websites for maximum accuracy.
There is no magic formula to predict the outcome of a game (sadly…), and what works today, may not work tomorrow. There are several factors that are known to influence the final outcome. In case of most sports these factors are: value, form, morale and team news. The big problem is that nobody knows the percentage in which each factor influences the final result. If there are a couple of important players absent, that team may compensate by extra determination and good form. This is actually where knowledge on tournaments enters the scene and helps us make better decisions, by also taking in account opponents’ performances.
Tools have been developed, that try to predict how many shots on target or successful tackles a player will make in a game. This seems to be the key in predicting the final outcome, but unfortunately those tools can’t be relied upon, since players’ form can easily change, opponents are always different, and to be honest everyone can have a bad day and be unrecognizable. So most betting tools you will find online are useless.
most online betting tools are useless
Historically, collaboration played a major role in the development of humanity. It can be a good idea to visit betting related forums, for finding insights on specific tournaments or leagues, participating in discussions and collective analysis. One of the best online betting forums is Punters Lounge, known for its professionalism and wide range of topics. Of course there are many other forums around, but the quality of information questionable and most are deserted. The downside of betting forums is that the information is freely available for hundreds or even thousands of bettors, and by the time you decide to place a bet the value is long gone.
Now that we discussed the implications of making our own analysis, we should move on and talk about relying on experts for sports predictions.
Talk Tomorrow…
Source – betingtips foreteller
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