Football betting is like running a marathon, not a 100 meter run. Each football season lasts an average of nine months. Every bettor should be prepared for the long haul.
A very high percentage of passengers end up losing money. The proportion of losers can be as high as 95%. So there is this small elite group of 5% passengers who can make consistent profits year after year. What separates these bettors from the ones who lose money?
These are the six factors that separate winning bettors from losers:
1) Football betting should be treated as a business, not as a hobby
This is a key factor that is often underestimated. When you are in business, all business transactions will be handled with care to ensure profit. You don’t trade business just for fun. Even with sports betting. Serious gamblers put a lot of effort and time into running their betting campaigns as a business. They will do their best to maximize profits and stay solvent during a tough campaign .
2) Have a strategic checklist
Professionals set the criteria for the elaboration of a very clear strategy, which involves detailed research and analysis. They place their bets based on a predetermined strategy and not the “true win” tips they have heard or the “lucky guesses” they feel.
3) Maintain systematic betting records
No business exists without proper documentation. In football betting, this is called the betting record and all successful bettors swear by it. Documenting your bets will help you identify the reasons behind winning bets and the causes behind losing bets.
Keeping records takes a lot of time, effort, and discipline. But the betting log will reveal an accurate picture of all your bets.
Losing is bad. But losing without knowing why it was worse. Most losing players don’t try to figure out why they lost. If they had known, they would have done something about it, turned things around and been victorious.
From betting records, you may be surprised to find that some things work better than others. Just do more of what works and less of what doesn’t.
4) Have good money management rules
Winning bettors know that even though they can pick more than 50% of the winning bet, they can still lose if they bet more money on the loser. They know that no betting plan can turn a losing team into a winner, but good choices can be ruined by a low stakes plan.
Professionals will set sound money management rules, especially in the size of the stakes. The amount will be carefully determined so that your betting funds can remain solvent to allow them to withstand downward swings in a long betting marathon.
The main mistake lost bettors make is to vary the size of their bet often, in the belief that this is the fastest way to make a profit. They double to “make a kill” by winning, and also double to “play chase” when they lose. They put a lot of their betting funds on some of these “emotional” bets. They don’t spend enough time understanding that good money management practices can maximize their profits and help them avoid losing all of their betting funds. Inefficient money management can bankrupt them sooner than they expect.