How do I bet without losing money

Although sports betting is an exciting addition to watching your favorite teams go head to head, it still is a risk-carrying activity that can only bear fruits when done sensibly.

So how exactly can you bet without losing money and what are some of the ways you can use to bypass your bookmaker’s tricks? Well, we have all the best tips discussed in this guide and we hope that by taking your time and reading through all of them, you will make the most from your gambling experience. 

Find a superb betting site

The golden rule of online sports betting is to always bet at the very best sites. Whether you’re looking for some football action or you want to do a little bit of IPL betting in India, having a good bookmaker goes a long way in ensuring you become successful.

So how do you go about finding a good bookmaker? First, your bookie should be licensed and they should offer great odds and a vast number of betting markets. Your bookmaker should also accept different types of payment methods and offer regular bonuses and promotions.

If you’re not satisfied with your current bookmaker, don’t hesitate to find a better one. Once you do, you’ll be able to bet in a safe environment that will make it easier for you to win.

Choose a sport and know it inside out

You may be pretty excited to begin placing your bets and winning handsome payouts. However, don’t let this excitement go uncontrolled. This is because bettors become successful by focusing on one sport and one sport only. 

If you’re a football fan, bet on popular football leagues such as the Premier League, La Liga, and Serie A. On the other hand, if you like cricket, then you can begin thinking about how you can earn money by betting on the IPL

When you choose a sport, learn how it’s played and educate yourself on some of its popular tournaments, teams, and players. By doing this, you’ll gradually gather vast knowledge that you can later use to place successful bets.

Don’t stick to one bookmaker

Online betting sites are extremely creative when it comes to attracting customers. You can find various loyalty programs, bonuses, and other incentives that might lure you to bet with them only. 

Don’t fall for this trick. Instead, sign up at different betting sites. This way you’ll be able to see which bookmakers have the best prices for the market you want. You’ll also get to see the additional features being offered such as mobile apps and live streaming.

Do extensive pre-match research

Placing successful bets is directly linked to the amount of effort you put in when doing your pre-match research. You need to stay updated on the latest news regarding your favorite sport and read helpful guides and articles online. For instance, you can go online and read an IPL betting guide for beginners and see which areas you need to pay close attention to.

You need to also check how both teams have performed in recent matches and especially the ones they’ve played head to head. Also, check the players who will be missing due to injuries and the venues where the matches will be held. 

Learning all these things will take time. However, you’ll be able to select wisely and avoid making huge losses.

Create a betting schedule

Bookmakers offer hundreds of matches every day that appear profitable. However, avoid betting on several games at once. In fact, you need to create a betting schedule where for instance, you’ll bet on one or two games in a week. 

By creating a betting schedule, you’ll be able to do proper research, compare odds and be confident about the bet. And remember, it’s okay to walk away from a bet right before the match begins if you’re no longer confident about it.

Make sure you understand betting markets

Sports are played differently which ultimately leads to different betting markets. For example, in cricket, you’ll see markets such as toss winner, match winner, and first wicket. On the other hand, in football, you’ll find Over/Under, Asian Handicap, and Draw No Bet. 

So if you want to win a cricket bet every time, you will need to understand what markets such as toss winner mean. And if you want to place successful football bets, then markets such as the Asian Handicap should be something you can easily explain.

Check out the less popular markets

Bettors often look for easy-to-predict markets such as match-winner and Over/Under. These markets may be easy to predict, however, their odds are not that impressive. This is the main reason why you should try betting on less popular markets.

These less popular options have better odds and after doing enough research, you will realize that they are kinder to your bankroll than popular markets. 

Don’t be afraid to choose the underdogs

Picking the bookmaker’s favorite always seems like a good idea.  Actually, some bettors pick their bookie’s favorite and win. However, there are also a ton of bettors who do this and lose. 

What we are trying to say here is that you shouldn’t shy away from picking the underdogs. Through the research you will do, you’ll be able to see which team or selection will perform the best. And if your research shows that the underdog has a higher chance of winning, then feel free to select it and place your bet.

Explore mobile betting

Through mobile websites and applications, you can easily stay updated on odds, betting markets, and bonuses. These websites and applications are well-designed and also have all the sports offered by bookmakers.

So if cricket is your favorite sport, you can find the best IPL betting apps on Google Play or the Apple Store and enjoy a seamless gambling experience.  

Be practical when betting

Having unrealistic expectations won’t get you far when betting on sports. Remember that gambling carries risk and it takes patience to master. You have to be disciplined every step of the way. Calculate every step carefully and avoid betting while drunk. 

Manage your betting bankroll

Managing your bankroll is essential when betting on sports. Never spend more than you can afford and never bet with the money you need to pay bills and buy food. Take only a small portion of your paycheck and use it to bet.

Final thoughts

Now that we have come to the end of our guide, we hope that you’ll take what we’ve said here and put it to good use. Remember, betting requires skill, but at the end of the day, you’ll also need a bit of luck to win.

So be patient and don’t make hasty decisions. Your betting experience will be successful only when you plan well and lower your expectations.