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Many people choose to make just a few bets a year for fun, hoping for a couple of hundred extra in their pocket. But there is a real mathematical science behind getting the advantage that makes betting truly profitable. First of all, keep in mind the golden rule that risk should always equal potential profits. Make all your bets with this in mind and you will minimise unnecessary or amateurish losses.
Here are ten more simple tips that will help bettors make more successful bets on an event or sport of their choice.
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Before online bookmakers were around, you only had two options to bet: go to a physical store and time-consuming telephone calls. Now you have a third option: place bets online from your phone, tablet or desktop computer. The main advantage is, of course, fewer limitations in terms of borders or locality. Main advantages of online betting is:
Our aim is to ensure that all tipsters get a nice experience when they gamble online. We therefore invest money in testing bookmakers and researching the industry.
This year we carried out our first customer support test and found the bookmaker with the best support. You can see the results of the customer support test here.
To give our users an insight into the future of the industry we launched the news section NEXT. The first two articles are already online with more to come. Currently you can read about the future of online betting and the rise of eSports betting.
There are many bookmakers in UK and abroad. No bookmaker is better than the rest on all dimensions. So toy have to consider the following aspects when finding the right bookmaker:
Always important to keep in mind that a bookie is running a business and wishes to minimise losses. Better odds and better payouts may be offered elsewhere. But with the bookies sign up bonus you can often get a good deal at many different bookmakers.
Different bookmakers offer different sports and leagues to bet on. Nonetheless, all bookmakers in the world accept bets on events such as football. Most bookmakers offer a wide selection of sports. Common sports besides football are boxing, cricket, rugby, basketball, ice hockey, golf, american football and basketball.
Whenever you place a bet, you predict the outcome of an event. The likelihood of the event is asserted through odds. Each set of odds corresponds to a percentage of an outcome occurring. For example:
So odds = chance of a particular outcome occurring. But the odds also represent how much will be paid out by the bookmaker if your prediction is correct.
Higher likelihood of prediction being correct = lower odds = lower winnings. Likewise, the more risky a bet is (e.g. backing tbuhe underdog), the bigger the potential payout. For example:
Bookmakers adjust their odds to balance the risk of losing. If majority of punters back the home team, the bookmaker will reduce the odds on home team winning, and increase the odds on draw and away team winning. This will incentivise more punters to back draw or away team.
This is important to keep this in mind, as it means odds do not always represent the true percentages of an outcome. This also allows you to find betting value if you can assess the true likelihood of each outcome.
An accumulator (also referred to as bet combination) is a prediction of a series of events, as opposed to any single event. The advantage is that the end payout is larger than if a single bet was placed on each of these events individually. However the risk involved is greater, since changes to your predictions may not be made between events. If circumstances should change between each of these events, such as a player being injured, you are required to stick with your original prediction. The risks of placing bet combinations should be thoroughly considered and weighed against the advantage of a higher payout.
The United Kingdom is regarded as having the best regulated bet-making system in the world. As of December 1st, 2014 a new tax system was implemented for the United Kingdom bookmakers. The new tax scheme offers benefits to United Kingdom residents. The sweeping change being implemented states that taxes owed on winning bets will now be liable directly by bookmakers, as opposed to being sought from bettors themselves via a percentage deduction. In essence, this amounts to tax-free betting for all United Kingdom gamblers locally, allowing deduction-free betting for the first time in 40 years.
On the website of the Gambling Commision you can search for specific bookmakers and get details about their current license status in Great Britain. It is highly recommended that you use the search function to make sure you only bet at bookmakers with a valid license!
When the result of an event is officially posted, winning bets will be paid out. Online betting pays directly into an account of your preference. Most websites payout within sixty seconds of official results.
Different bookmaker websites may offer different bonuses and often a special bookie sign up bonus 2016. These may vary, depending on the country in which the bettor resides.
Some bonuses offered are:
Free first-time bets for new members. This may be limited to bets only with certain odds and may have to be played within seven days of joining.
Extra added cash of up to 100 % on your first deposit. This may depend on the amount of the first deposit made.
Extra cash of a certain amount on additional deposits. The extra amounts change depending on major Betting seasons, such as world cups or premier leagues.
Some websites offer a free additional bet if you place a bet of a certain amount. For example make a bet of £20 and get a £10 bet for free.