How newcomers make bets – the typical mistakes
Yuriy SheremetBetting attracts a big number of people. This is a way to satisfy the gambling demand for one type of people and this is a way to earn money for others. Sports betting seems to be an easy deal for beginning players, "a dream job" – there is no need in going to an office, you have a free schedule, there are no physical activities, you can make bets from any place if you have an appropriate gadget and access to the Internet. The imagination provides the following picture: you are swinging on a hammock on the beach of the Caribbean sea, drinking a mojito, and making another bet by a couple of clicks on a phone screen or a laptop. Isn’t it cool? However, actually, there are not so many people, for which sports betting is a big and stable income. The majority of bettors stagnate and lose a bank after a bank.
Let’s consider popular tactics for newcomers to the betting world.
Accumulators and systems
One of the most widespread tactics for newcomers is accumulator bets, using small sums (proportionally to your financial opportunities), which consist of 10, 20, and more events. The idea is simple: I will bet a small sum, which it is not sad to lose, if the bet is successful, a winning will please nicely. The logic is understandable. However, accumulators, which include a lot of events, win rarely, the possibility can be compared to winning the lottery. Actually, there is no strategy at all, bettors just test their luck.
The more accurate ones choose an accumulator of a few events and bet on favorites. But do not forget that every bet is a risk and an accumulator of two events is a doubled risk, one of three events is a tripled risk and so on. Because what an accumulator is – it is a condition when a bettor wins when he guesses all events. Imagine how is it disappointing when 4 events out of 5 are victories or when you guess 9 out of 10? It is easier when you lose not one event but a few. It is not that sad. However, the result is only one – a bet is lost. It is like being a few minutes or an hour late on a train. If you are one minute late, it hurts very badly but it makes no difference because the result is only one – the train has left without you.
Consider accumulator bets as a replacement for the lottery, bet small sums, which will not make an impact on your budget because, unfortunately, you will lose frequently.
A system is similar to an accumulator bet but it allows to lose one or a few events. For example, a player wins a 4/5 system when guesses not only all five but four bets and it is enough to predict only 5 events in a 5/10 system. However, the word “to win” when you bet in a system is not always appropriate because, depending on odds of the selected events, a bookmaker can return the sum, which is lower than your bet, to your gaming account.
A system is an accumulator with insurance, for which you pay: an accumulator of 5 events will give you more profit than a 4/5 system when all events are successful and a sum of the bet is equal.
Experienced players rarely bet using systems. It is more effective to make single bets when you choose among events with high or relatively high odds if you have a good percent of victories on a long distance. If you have a pretty low percent of successful events on a long distance, you should work on your analytics if you want to achieve more.
Rare bets
Some bettors prefer “making bets while watching” They do not consider betting as their source of permanent income, they just need an additional feeling of gamble while watching sports events. You went to a stadium to watch the Champions League match, so why don’t you bet on the favorite team and receive the doubled pleasure from its victory? But you will be twice sad when you lose. Some people especially bet against their favorites and receive monetary compensation when they lose. If the team loses, the money will go to a bookmaker but our guys have won, well, I would have paid more for a ticket!
Raising
This tactic demands good analytics, it will not make a profit by default. Raising is the increase of a sum of your bet to the level when one successful bet will cover the previous loss. For unknown reasons, many newcomers consider raising to be some sort of panacea, for example, I will guess at least one event out of two, three… and I will be guaranteed to make money. But it does not work so! Bad streaks might be so long that there is no bank that will be enough for this. Newcomers do not have the statistics of successful bets on a long distance, so how can they be sure that they will not lose 3-4-5… 8 bets in a row?
A ladder
This is a sports betting tactic, which means when a bettor makes a few careful bets (on the obvious favorites) and bets the whole sum of the previous winnings next time (after a victory).
For example:
- a bettor bet 100 Euro on an event with odds 1,10;
- a bet was successful, winnings – 110 Euro.
- he bets 110 Euro on the next favorite etc.
Having achieved the preliminary-determined limit (it can be 5 successful bets in a row, 6, 7… 10…), the revenue made on the thousand he has bet is withdrawn, the new cycle starts.
A frequent mistake – newcomers think that the obvious favorites prevail always almost but that is not true. If it had been so, bookmaker companies would have become bankrupt a long time ago. So you should bet on the obvious favorites wisely but not considering that they will definitely destroy their opponent.
Advice
Beginners often deviate from strategies due to the lack of patience. They tend to bet small sums and they want to win many and quickly. They tend to go all-in after another loss and it leads to another lost bank. Sometimes they are lucky and an all-in bet covers the previous loss but the keyword is sometimes.
If betting is entertainment for you, it is normal, if you want to have a stable income, stay calm, and keep using the chosen tactic. If you have lost, make conclusions, try other systems. You need to have a positive betting statistic on a long distance. Then you will be able to choose the right financial strategy and make money. One successful month or one failed month is not a result. Work on a long-term statistic of your sports bets and if you see that you have more successful events on a long distance – it means that you are on the right way.
Have a nice betting!
Yuriy Sheremet – Expert in mobile gaming and esports among shooters and MOBA games.
At EGamersWorld, Yuriy, as in 2020 when he joined the portal, works with content, albeit with adjustments to his area of responsibility.