For many of us out there, football betting is the strangest and most risky activity to ever participate in. We do not care about about what any football prediction site has to say, neither do we even want to bother our heads with the news of “Lucky” winners hitting the millions every week like this one.
The truth is, placing bets on football matches can be likened to any other type of investment such as Forex, Shares and Stocks, bonds, mutual funds or name it. It takes knowing the do’s and dont’s to become a very successful investor.
In this blog post, we are going to highlight a few tips and words of advice, to enable both the novice sports investor and the expert punter excel in this market called football investment (FI).
The Best Tips To Succeed At Football Betting
1. Never Ever Chase Your Losses
Our dearly beloved readers, if there’s only one advice we can give to you, it would be this one. People have lost houses, cars, family and friends to this bad habit in football betting. For novice bettors, let me give an example of chasing your loss.
Let’s say you have a bank balance of NGN 5,000 and you decide to place a bet of NGN 1,000 on a match. The match ended against your bet and therefore you lose your money. The best thing to do dearly beloved, is to completely forget about the match and the money you have lost.
Trust us when we say this because, what happens most times is people in their emotionally heightened state would now place a bet of NGN 2,000 hoping that by wining this new bet they can recoup their former loss. Most times this is not so and you would end up losing NGN 3,000 because you could’nt just forget about the money. This take us to our next point.
2. Be Disciplined And Emotionally Detached
If you are looking for a get-rich-quick scheme, we advise you to play the lottery or sue someone for an outrageous amount but do not come near football betting.
Betting on football is a semi long-term project. If you jump in, you would jump out faster than you came in. If you come in for the wrong reasons, you would get emotionally attached. Emotional attachment leads to chasing losses and making silly decisions.
Also, do not just wake up in the middle of the night and feel like its a good time to make your bookmakers rich by making erroneous decisions. This is where discipline comes in. You must always have a plan ahead of a betting exercise. Determine what category you would place your bet in (there are several football prediction sites that can help you with this), know at what point in the match you would most likely place bets and keep records.
3. Have A Staking Plan
Remember the title of this post laid an emphasis on “With Low Budget”. Always have a plan on how to manage your money. Do not take stupid risks in the hope of landing a big win. Remember that football betting is a long term project and as such possess a mindset that the small wins would eventually make up the big the wins. Do not let stories of mega million winners deceive you, they’re only one in a million of them.
Set a limit to the amount of money you can place on a single bet. Lets say you have a bank balance of NGN5,000, your staking plan might be to place 10% of your bank balance on any bet you decide. This would not only save you unnecessary losses, but it would save you from hypertension and High Blood Pressure.
There you have it, feel free to ask more questions in the comment section and we would be more than happy to answer you!
Word of warning:
Never bet with money you cannot afford to lose.