Soccer betting is one of the most popular forms of sports betting activities that takes place, on a global scale. Soccer betting is based on results after 90 minutes of play or, ‘Regular Time’, which includes any time added by the referee in respect of injuries and other stoppages.
Many people who do soccer betting are mostly ignorant about the game. Here is a post to educate yourself about the logic of odds, probabilities, and the trends in the game.
1. Choose a bookmaker with a good reputation
Whether you bet at a casino or online, select a bookmaker with a good reputation. The venue or site should have its licenses in order and offer excellent customer service.
The site should accept common payment methods and excellent security. Talk to other bettors and do look around online for recommendations from others before deciding whether you want to bet online or in person.
Instead of betting in person — which can be inconvenient if you’re not near a sports-betting venue — try online betting. To bet on soccer online, you must find a reputable bookie (a site that takes bets on sporting events) online. Register an account with the site and put currency in your account.
2 Have some knowledge about the sport before betting
If you’re a gambler more than a sports fan, you might view sports betting as just another way to make some cash. However, it’s best to be informed about the teams, players, and trends within the game of soccer before betting on a particular game. Read soccer news and learn to identify matchups that seem to favor one side or another.
For instance, if one undefeated team goes up against another team that loses frequently, you would be wise to bet against the team that loses regularly. However, don’t always bet on the favorite. Betting against the favored team can yield big rewards if you win.
3. Understand the odds.
Odds (or fixed odds) are calculations used to determine how much you’ll earn from a given bet. Odds are typically represented as a number that you can multiply by your total bet to figure your winnings.
For instance, assume you bet $50 on a game with odds of 1.5 in Germany’s favor. When Germany wins, you will receive $75 (1.5 times the $50 you bet).
An “odds on” wager is one where the amount you can win is less than what you bet initially. In the above example, the $75 represents your $50 bet plus $25 extra.
These bets are easy to win but offer minimal payout.
An “odds against” bet is one in which the amount you win will be more than what you staked. These bets are harder to win but reap greater rewards.
Different bookmakers have different odds. Check several bookmakers to get the best odds before making a bet.
4. Understand moneylines
Another way to represent odds is with moneylines. Moneyline odds are a given number in the hundreds or thousands, accompanied by a plus or a minus.
A positive moneyline odds value indicates how much you will earn on an $100 bet. When winning a moneyline bet, you’ll also get your initial betting unit returned.
For instance, if you bet $100 on a team with +200 moneyline odds, you’ll get $300 back (your initial investment of $100 plus $200 dollars). If you bet $200 on a game with moneyline odds of +100 and win, you’ll get $400 ($100 on the first hundred you spent, another $100 on the second hundred you spent, and your initial $200 investment).
Calculate potential profits with positive moneyline odds by dividing the odds by 100, then multiplying the result by your initial stake.
Moneyline odds represented as a negative number indicate how much you must invest before earning $100.
For instance, if moneyline odds on a team are -200 and you wagered $200 and won, you’d get $300 back (your initial investment of $200 plus $100 in winnings).
Calculate potential profits with negative moneyline odds by dividing the odds by 100, then dividing your stake by the result.
5. Understand the outcome probabilities
Probabilities indicate how likely something is to happen or not happen. Generally, a low value for odds means that the team you’re betting on has a high probability of winning. A high value indicates the team is not favored, and likely to lose.
The probabilities of a match’s outcome are usually defined in the range between 0% (no chance) and 100% (a sure bet).
Probabilities do not guarantee an outcome. For example, a team might be estimated to have a winning probability of 70%, but still lose.
Avoid betting on teams with probabilities for victory of 50% or lower. At that probability, you’re taking a big chance with your money.
6. Decide on your maximum budget
Decide how much you want to spend on betting. This amount — known as your bankroll — will vary widely depending on your income. Be honest with yourself about how much money you have to invest in betting.
When deciding how much your bankroll will be should, you should acknowledge that it’s possible that you’ll lose the entire bankroll. Don’t place your whole bankroll on one bet. You risk losing it all at once.
On the one hand, a budget that is too high may result in personal bankruptcy. A bankroll that is too low, on the other hand, will limit your ability to reap big rewards from betting.
The “rule of thumb” for a beginner’s maximum bankroll is $1,000.
Do not bet on soccer unless you have sufficient funds.
7 Place your bet
Choose the game or team you want to bet on. Once you’ve registered with the gambling site or entered the casino, make a stake on a game or team you like. Do not put all your money on one outcome or one game. Distribute your risk by betting on multiple games.
Limiting your maximum bet will increase your chances to win. The “rule of thumb” for a beginner’s maximum bet is $50.
If you do lose, be prepared to walk away, no matter how tempted you are to continue. You don’t want to lose even more.
Never make a bet when you’re drunk or tired.
8. Know when to quit
soccer betting can be very addictive. If you win, don’t get carried away. Enjoy what you’ve won by cashing out and coming back later. Set specific guidelines for success when betting on soccer. Your goals should be realistic and achievable.
For instance, you might decide to cash out when you’ve earned over $100.
Make rules for yourself to prevent excessive loss. For instance, you might decide that if you lose more than $100 on a game, you will stop betting and wait for another day to try again.
Gambling can be addictive. If you are experiencing a problem with gambling, tell someone or call your local helpline.