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By Jonathan Lewis | 7th JUNE 2021
Soccer ranks among the world’s most-watched sports, with billions of fans tuning in to see “the beautiful game”. That explains the fierce competition between broadcasting companies as they attempt to secure exclusive rights to show live football. Those that land these deals earn big revenue through paid subscribers.
Another way money is made through football is sports betting. There’s been a significant increase in the number of sports betting sites cropping up in the gambling industry online. As such, there are plenty of opportunities (and money to be made) when it comes to betting on the world’s major soccer leagues. Here are five things you should know and do before getting started in football betting.
Learn the Basics
You should get familiar with the basic concepts of football betting in order to win. You should know how to perform pre-match research, what a handicap bet is, and more. You should know how to do this before placing a bet. Then you’ll be in a better position to judge whether a match has sufficient profit potential.
Learn the Bet Types
The types of bets you can place on the various matches that are available are essential for you to know. While you could always bet on the winner of a match, there are plenty of other bets you can place, such as top scorer or predicting which side will score first. Many bettors place their wager without being aware that another type of bet might be more suitable and provide more profit potential for a particular match.
Manage Your Bankroll
To win at football betting in the long term, you need to be able to manage your bankroll. Essentially, you must do is view your football betting as an investment. After all, if you don’t manage your cash well, you could lose your funds. Whether you’re new to football betting or you’ve been doing it for a while, you should first manage your budget. It will let you know which matches to bet on, the amount of funds you have available, and how much you should bet with. Managing your bankroll will also tell you when to stop.
Track Your Bets
All professional gamblers do one thing: they track their bets. The reason for this is that is they can re-assess their past strengths and weaknesses and identify any errors they’ve made. This puts them in a greater position to avoid making them in the future and increase their success rate. You should maintain a journal in order to bet for long-term profits. Bear in mind that preparation is one of the keys to success in any endeavour. So if you want to bet on a champion, which is a long-term bet, you need to think carefully and provide sufficient time to succeed. By always learning, reevaluating your choices, and attempting to improve your chance of success, you’ll be applying an intelligent method to achieving your goals.
Don’t Just Rely on Luck
While there’s always an element of luck involved when it comes to sports betting, you should try to perform some analysis prior to placing your bet. You might be tempted to go with the bets that offer the highest odds to increase your potential winnings. It’s not necessarily the worst move, as long as you have a good reason for thinking that said particular outcome has a chance of working out for you. Just understand that sportsbooks often give higher odds to the underdogs to lure you in. So make sure you analyse the upcoming matches by looking at such factors as previous matches, head-head statistics, and injuries.
Jonathan Lewis is an MFF sports writer