Football betting is seen as an easy profit making activity these days. While there are many websites and bookies to help invest in football betting, but you need to be careful while choosing the best among them.Thus, conduct extensive research before investing in any of the football betting sites. Learn the buzz words of gambling/betting and then only enter the business.
Guidelines For Money Management In Football Betting:
1. Always bet at the best price. Value = probability of winning betting odds. If you cannot improve the chances of winning, then improve the odds.
2. Do not rely on a single bookie. Instead, go for multiple bookies, as this will help to increase your odds by 10-12% as compared to the odds that you will get on using a single bookie.
3. You will loose money in no time, if you do not know how to manage it when you are betting.
4. Spread your money across betting on more than one match instead of investing on a single match. It is possible that you will get more profits.
5. To make money in online betting, get more information and keep yourself updated.
6. Have information about game rules, timings, players, match conditions and various trends. It will help you place strong bets and win the odds.
7. Keep a record of all the bets. It can be helpful in determining the patterns.
8. Specialize in limited leagues and study them thoroughly.
9. Check the history of wins Vs looses for particular teams. Also, record the performance of teams on their home grounds as well as outside grounds.
10. There is no miraculous method that will assure you only wins. Thus, always have a good plan to minimize your losses.
Kelly Criteria For Money Management In Football Betting:
1. The Kelly criteria guides all the bettors on how much amount to invest on bet to get maximum profits. Kelly criteria will be of great use, if you have some knowledge of football betting.
2. It minimizes the chances that you will loose money.
3. This criteria prompts you to make bigger bets, when you earn profits and relatively smaller bets, when your bankroll goes down.
Finally, always make sure that, whichever betting system you consider has a money back guarantee.