Bankroll management is a strong basis a player needs to get acquainted before he starts to play for real money. Bankroll management can hardly be called a strategy. It is rather a guideline which helps control the expenses.
Each person somehow uses money management in life: to control expenses for food and house keeping or to save money. In gambling money management works in identical way: you track the money you spend, set some limits for bets, and control you winnings. A gambler needs to be attentive and responsible not to ignore some of the expenses.
Bankroll is money for gambling. Bankroll should not exceed your regular expenses. If you spend $100 for gambling monthly, do not settle $1000 bankroll. Make bankroll lower, it helps avoid unnecessary expenses. You should not spend all these money on gambling, it just limits your expenses. If you play for more than settled sum of money, you are not following money management strategies.
Various ways for keeping bankroll money exist. You can deposit once or divide this sum into several deposits. Everything depends on the sportsbook website you play. If you may receive a bonus for $100 deposit, you should make a invest money and receive additional bonus. Otherwise, divide money for betting into several deposits.
When you separate money, it is easier for you to control money you spend in one week or in one session. You should always not play for the won money.
Rules and key ideas
To make bankroll management more effective, you need to follow some rules and key ideas. These rules are as effective as they are simple.
Count your money
A gambler always wants to win more. But huge bets are ineffective when you lose money all the time. You’d better play with smaller bets and stay in you bankroll limits than place huge bets and lose everything you have.
$100 is just an example. The expenses depend upon you only.
Where to take money for bets? That is another question. If you a new gambler, you invest your money. If you have some gambling experience, you probably have some winnings. Use winnings for your following bets – that is a perfect investment for your winnings.
You must not change your bankroll during the game, but you can increase sum of the bankroll before you set a new one.
Remember: if you are over with your bankroll, do not start to play on your winnings. You limit your expenses, not only deposits!
Divide your bankroll
Divide it literally or just keep in mind how much gambling money you have. In esports it is sometimes difficult to estimate all stakes, as sometime some good matches with very promising winnings appear. Always have some extra-money from your bankroll for unexpected bets with good winnings rate.
Keep the limits
The key idea of bankroll management strategy is to never exceed the settled limits. If you feel that this bet will bring you the biggest reward, keep calm and do not make it. Self-control is very important for bankroll management and once you break the rule of limits, you do not follow money management strategy.
Your needs determine the bankroll
Your bankroll should never be affected by other gamblers. If you don’t gamble professionally and play for fun, settle lower limits for bankroll. Professional gamblers make thousands of dollars bets, but they have their reasons for such risk: they analyze matches and know exactly what they expect from the match. Gamblers who are not interested in long-run investigations rarely understand the situation at the event or match, and rely upon their intuition only. This is a questionable strategy for placing bets.
Of course, huge winnings are attractive. Forget the idea of hitting several million dollars prize with random bets!
Addiction and bankroll control
Gambling addiction is the most urgent problems of gamblers. Bankroll strategy helps determine the problem and also helps in overcoming it. However, bankroll management cannot replace medical cure. If you suspect that you cannot control your gambling, please consult the specialist or ask for the help one of non-profit organizations for addicted gamblers.
If a non-addicted person can make a deposit of $100 and gamble this money for a settled period of time, an addicted gambler will spend money just in one day without even noticing that. A good idea is to set limit for banking cards – in this way a gambler cannot withdraw money and needs to play only with money he has. Another option, though only some websites offer it, is to set limits for the bets at the bookmakers websites.
Bankroll management for controlling addicted players works in a specified way. A person sets a bankroll for a certain period (let us say $100 for one month). He is afraid to lose control over himself, so he asks his bank to set a limit on his banking card (the one he uses for gambling). Now he has only $100 for the whole month. The best decision here is to wager less. A gambler still plays, but he does not spend too much money. Later on he can define the best matches for him and choose those with perfect chances.
Another situation is when a player always sets bankroll, but never follows it. If notice that you always spend too much, or that you never withdraw your winnings because you spend them on bets, consult the specialist. Perhaps you have problems with gambling.
The days when you came to the bookmaker and asked to place a couple of bets are over. Today there exist bets which differ according to the situation or match they can be placed, outcomes, and even for the special events that are going on during a certain championship. Check up odds in different esports markets and probabilities of winning, and choose those odds which can bring you perfect wins.
We distinguish the following types of bets:
Traditional bet in esports. Sometimes it is placed on a single match not on the whole online tournament, though traditionally it works for the total event.
These odds are usually quite high, but new online player can find it a little bit frustrating to make such bets. The results become available only when the tour is over. In case you bet right before the series has started, gamblers should wait the results to know whether they succeeded or failed.
They have the following tricks and features:
- Favorite teams and players regularly have lower odds. E.g., you place wager on a favorite team, you can easily win, but the reward will be lower.
- Outsiders have better odds. If you place bet on their success and they win, you can receive quite lucrative reward.
- Always make bet before a series starts. You catch up the moment with the bets odds (the odds are lower when the series or tournament is in progress)
They have some common features with the outrights– they are also placed on a certain event. However, this bet is used predominantly for one-on-one match, but not a series. It makes odds really low. You can hardly find 2.00 odds for match bets, while outrights offer up to 6.00 odds.
The bets regularly offer three types of outcome to bet on: win of the team, loss, and draw. Pay attention: in knockout series there are no draw bets.
They make easy profit. Put these stakes on outsiders.
In esports there exist a great problem of low odds, and most of the bets are eager to increase those odds adding some new conditions and specifies. Handicap bets are one of those which are frequently placed in matches with low odds. According to this bet, one team or players always has advantage over the opponent. Handicap bet allows to equal basic chances for both teams. Match leader receives a minus handicap, while the outsider receives a plus handicap. Two teams have the same conditions, and the odds for bettors are rising.
This is another bet for low odds matches. The name explains bet’s idea: the bets are accumulated into a line of bets, and the reward is paid when the series is over. Special terminology includes: double, triple, fourfold, fivefold, and so one bet. The more winning bets in a row you hit, the more your odds rise.
Avoid accumulator bets if you are not ready for a risk. If only you have mastered other types, make a new step and increase reward to thousands of dollars with the smallest starting stakes.
They are frequently met in classic sports activities, while in esports they are very rare. The matter is that special bets are created for any possible situation, and player can make a bet even on the Internet disconnect for a player from team A. That is the most risky bet, but these types are always extremely attractive for the bettors.
Of course, even with the bet of $1 a gambler can win a fortune if his bet works. But as the statistics shows, winning this bet is like winning a jackpot – only a few gamblers have managed to do that.
These bets are created for unexpected events, and are almost never connecter with the analysis or profound research. It is explained, that you can even wager on the weather in the day of match or number of female players in the competition.
Gambling has made a long way from aristocratic entertainment to neglecting and disdain. Today gambling has become a new field to earn a fortune, and the gambling itself has grown up and penetrated into different spheres of our lives. When gambling went online, its benefits became available for all players. From the neglecting and up to profitable business – gambling managed to rise to #1 entertainment through thousands of obstacles.
Online gambling keeps spreading into our leisure time and even professional activity. It all started in early 90-ies with online casinos and betting rooms, 2000-ies brought more options for players, and 2010-ies are the era of mobile gambling and electronic sports. Stakes on electronic sports are a breakthrough in modern activities. The average age of esports betting fans is lower than in any other field of gambling industry.
As a rule, online gambler is involved into electronic sports, though a person is not a pro. The more a person plays, the closer is understanding of making good money just analyzing other players and teams. You master their game skills and make money placing stakes on electronic sports events and it leads you to success. Still, each of them needs some basis to be aware of everything what they can do during gambling.
Just a decade ago video games were a pastime for schoolboys. Now those schoolboys are grown-ups who conquer the world of electronic sports. International tournaments, regional championships, season events gather world community. Pools for the winners are mind-breaking: champions of the competitions receive the rewards of more than $1 000 000!
The number of tournaments and championships is impressive: games have their own events, regional and international events, events that gather different activities, etc. It is impossible for only one person to participate (especially, if he wants to be successful) in all events. A new bettor should choose one event, and for professional gambler several events. They watch different competitions, analyze competitors, and choose teams which perform perfectly during the matches. Get basic knowledge of a game.
Except for that, remember rules implied in any activity. These rules include bankroll management methods and mathematics of gambling. Please follow our instructions to discover basic principles of important activities and notions.
You can refer to our instruction any time you need it. We recommend to read all the articles, although if you have experience in gambling, you can skip some of the articles, or get acquainted only with some of them. But the full comprehension of the issue leads to increased winning. We will show you how you can reach the top of gambling world making stakes on electronic sports and cover the following issues:
- Betting odds explained
- Different bets in gambling
- Work of the bookmakers
- How to choose a bookmaker
- Promotions and offers
- Effective strategies
- Maths and Statistics
- Bankroll Management
- Psychological Issues
- Ways to succeed
How to start
Several years ago electronic sports became the activity which draws attention of the society: thousands of players made huge money enjoying computer games. Millions of players decided that they can also participate in international events. But it quickly became clear that teams which participate in World Tournaments work really hard to master their skills and perform in international areas. The competitions has always been really tough and millions of players dreamt to join those events. That gave the development for electronic sports betting. Today thousands of players and millions of gamblers follow international and regional events to place stakes on the teams and players.
Egames betting requires the same professionalism and mastery as playing the game. Expert gamblers spend weeks analyzing results of teams and players, comparing their styles and checking odds. Some of the bettors choose only one game to follow, and it results in advantage to their odds. They perfectly know all game principles, teams, and understand the odds of any match.
Two types of gamblers exist. The first one are gamblers who learn out the game, its principles and facts. The second type is gamblers who learn statistics of teams and compare teams’ achievements. Both of the ways have their pros and cons. Combination of two these methods can lead to better results.
Reasons of failure
A common misbelieve concerning esports gambling is that each bet brings huge money here. In reality, it is still gambling, and it still accumulates a share of luck and hard working. Fortune is an effective thing, but it can never become only one key to eternal success.
Tutorials about how to make stakes and manage your money are only basis for the gamblers. Professional players should learn out games, watch matches and miss some events just watching the teams and calculating odds for the up-coming event, following betting guide tips. A person must work hard to succeed. You can always enjoy stakes just as a part of your pastime without paying attention to strategies and learning information.
The secret of success lies in profound understanding of all principles concerning the game itself and betting. However, lack of knowledge becomes the reason of failure.
If you eager to create a good base for betting, read basic guide and play those games. That is useful for understanding the odds, and brings you to increased winnings.
Everything starts with learning basics. You cannot become a doctor without studying, or succeed in physics unless you know at least some basic laws. The same is about gambling – you can expect winnings, so you never get them until you discover all game basics and additionally learn out how to make bets with your money not to lose everything you have. The essentials create a strong basis for permanent success. We may even say, that knowledge of the basics what differs an expert from an amateur.
Understanding of basic betting online strategies reveals far more way for successful betting, and even new gambler can receive more winnings if he follows some of the key basic ideas. Here we explain betting secrets, to find some new ways of gambling, so use these ways in your gambling.
This is a new feature presented at gambling halls and sportsbook and effective tool to gamble at online bookmakers. Recently only some of the websites have offered it to visitors, but its popularity runs out so quickly, that cash out has appeared almost everywhere. Cash out in gambling is the additional way to make profits placing a stake. In fact, according to this method you receive a chance to withdraw your stake in cash before event results are known. E.g., a player understands that he is losing, he may save his money. He may also rebet (with lower odds of course) on another team, and instead of losing his stake win some additional cash.
This is a betting system which really works in favor of a player. Not everyone knows about the opportunity to cash out their bets, so operators offer them for everyone.
Another tricky point about the cash outs is accumulator stake, which can really make a fortune cashing out each time you hit a significant win. You can always win huge money, if you are lucky, but sometimes you should protect yourself receive the reward immediately.
If you gamble at big contest, you probably have noticed that as a rule there are some leaders and some outsiders at each match. So you need to follow online betting guide and find an effective way for you. Let’s look closer at one of possible situations.
You have two choices: wager on leader and receive some pathetic reward which actually has nothing common with your expectations, or make a wager on the outsiders. Outsiders lose, and you lose money, and this is now what you are waiting from your gambling. To overcome this situation, play at matches with 2.00 odds (also known as 50/50) or matches with odds which are close to those numbers. As a rule, there are no favorites or outsiders at the contest and you have equal chances for winning or losing. These odds are called ‘game time’, ‘elimination’ or even ‘total kills’, and if you want some real game, choose matches with these odds.
Among sports betting strategies this one is really effective and promises good rewards.
Small Events – Big Winnings
New gamblers usually ignore that, but this is the most effective and best betting system. They think that the biggest odds wait for them at international competitions. However, the fact is the smaller the contest is, the bigger the chances for winning a stake are. Besides, during international and other big events the bookmakers make the odds favor them to make bigger profit from the event. The number of participant is also bigger, and that is another point why your potential winnings become lower. But neither bookmakers, nor most of the gamblers are interested in small competitions. Make a try to participate in some local tournaments which are ignored by the bettors and gamblers, and see how much one stake can bring you.
Small bets for bigger winnings
The other mistake of new players is that they place bets either on the matches with very big odds, which pay almost nothing, or on the matches with very low bets. Online betting strategies state that this situation can be changed in the favor of a gambler. There is another way to win bigger money with low stakes – accumulator stake. This is the best betting strategy for the professionals and for the gamblers who still do not have their own strategy for placing bets. According to this strategy, a gambler needs to place an accumulator stake on several events with big odds. Here, chances favor the gambler, but the accumulator stake increases the total income. Give a try to accumulator stake with big odds if you want an effective method for playing.
Online esports gambling market has just started to grow, and unlike with online casinos and classic sports betting, good egames halls are quite rarely met. However, the biggest bookmaking sites offer esports gambling along with horse racing, baseball, and casino games.
Before you choose betting website, check some of the criteria. There are some unreliable operators with hundreds of websites with esports gambling, but they never pay back won money.
You must avoid scam operators. The best option is to choose world famous operators with multilanguage support and various currency and banking methods accepted.
Be ready to spend a few hours searching various promotions and websites and you will find the ideal sportsbook.
5 steps to choose sportsbook
Bear in mind the following steps while choosing egaming bookmaker. Be attentive with them not to trap into situation when you win money, and the sportsbook website blocks your account.
Security is a key to success. Here the reputation of websites is important, protected money transactions, and legitimacy of the bookmaker. You should never trust everyone who offers you the biggest odds and attractive bonuses. As a rule scam website promise you big money, but they only take, never pay. You need to check whether the bookmaker has a special license for the activity. A lot of websites do not have verification or license and provide their services illegally.
Choice of games
You should look for the sportsbook with e-sports betting offers, and sportbooks which provides bets for your favorite games or events. As a rule, world tournaments for egames are presented at all bookmaker websites, but small or local competitions are missing. You can also visit game’s official page to find out the current schedule of the events and website which allow to bet on those events.
Odds are important. Odds make your winning. Comparing different bookmakers’ odds for the same event to choose the one which pays more.
Bonuses for members
Sportsbook websites sometimes offer a set of bonuses for players. It all started with online casinos which offered sets of promotions for newers and current members. Sportsbooks offer bonuses to attract more visitors and make their customers place more stakes. This is a part of advertising for a bookmaker. Some places still do not offer bonuses for members. Yet, they offer more profitable odds, and that works better than any advertising. Good odds bring regular profit from betting both for players and bookmakers.
Features for customers
This is the last point which also requires precise attention. Never ignore it, as it can spoil your expectations from any esports bookmaking website. Piece of advice for mobile gamblers: always pay attention whether the mobile version of app is offered. If you prefer live betting, look for this option. Check currency, languages available for support, and other factor which make gambling more convenient.
Other points to consider
These are only 5 basic steps for beginners. Professional bettors are regularly invited by different bookmakers to try out luck at their websites. As a rule, in this case they offer some lucrative bonuses and some additional benefits for the invited players.
Each professional gambler has its own algorithm for finding a new place to play at. Someone consults the support system of the sportsbooking websites, asking tricky questions. Other just make small bets at different websites to understand how fair these websites are. Still, most of the professional gamblers prefer to play big only at one website where they feel confident.
If you are still in choice of the bookmaker, start with several world famous operators, making bets at the same event and looking how the odds affect your winnings. Compare the time of money withdrawal and how quickly site pays your win. Never doubt to consult customer service and ask for some benefits.
Worldwide-famous operators for esports gambling the names of Betway, VitalBet, and Pinnacle stand out with their offers. To find other websites visit official pages of your favorite games or tournaments and find bookmakers which are featured there.
Mathematics and odds are two important components for successful gambling. They are equally important as betting tips and tricks known only by experts. A professional bettor never relies upon his luck only, however, sometimes intuition helps make decisions which lead to winnings. Involving mathematics into a game, a gambler creates a good basis for long-run income.
Comprehension of individual statistics can change everything. Here we explain these two methods.
How to use maths
Gambling is totally based on betting math. While studying classic casino games you notice that as well as while analyzing sports bets. Mathematics helps in counting chances, and chances are actually the thing which determines the winnings. Look at the following example: a match between two teams which have equal chances for winning.
Before game start, the bookmakers establish odds for the event. In our case, teams with identical chances should have 2.00 chances or 50/50. These chances do not favor the bookmaker (bookmaker loses money when settles absolutely fair chances). Because of that, they are reduced to 1.90 or lower. This difference is not essential for a gambler, but it brings quite good profit for a bookmaker. Even 100 bets with 2.00 can lead to great losses for the bookmaker.
There is a formula which can explain you how the chances and math are working in gambling. To count the rate of your success, know valued chances (they are provided by a bookmaker) and the profit you receive if the match favors you stake. The formula for counting the success rate for a player is Y = X*Z. X stands for X, Z is for success, Y is a profit. If the profit rate is higher than 1, the success is by your side. Otherwise, you can lose this stake.
You can count your success rate in each match, however, sometimes the luck plays its role and even the most unpredictable bets win.
Statistics in the game
Mathematics is important, but game style researches can be even more useful for a player. The matter is that chances are counted by bookmakers who are live people, and the so called human factor sometimes takes place. It means that real chances can be different from the presented odds. Take some time to research info which explains your chances better than mathematics presented by a bookmaker.
The example for this situation is as following: two team, both have good performance in tournaments, and the bookmakers have valued chances as 1.83 (which actually means 2.00 or 50/50). Here the time for researches comes, but be wise not to lose the bet. You can get data either with checking data presented by bookmakers and analysts, or making your own research. Both ways are helping, but the second one is more effective (if you are experienced in playing certain game).
When you check data presented by bookmakers, you receive only dry facts and can hardly imagine how the team really plays. For example, these data never indicates team’s style. If there are two teams with different playing styles, aggressive and defensive ones, the actual chances can differ a lot from the real ones. As a rule, aggressive play is better when knowledge and game skill of both teams are equal. So in this way the rule of 50/50 chances is not effective – the aggressive team is going to beat a defensive team.
Understand that bookmakers do not compile data using human resources, as it takes too much time. They use special applications which analyze achievements of the team and never pay attention to players’ conducts and strategies which team implements in different game situations.
Math vs Statistics or Human Factor in Games
Equations are good, but in real world they are sometimes useless. Playing against bots, you can easily win, as they have very limited logic and act according to the settled indications. The more your play against bots, the more you understand how they act in some situations. But playing with real people is even more unpredictable than playing roulette or slot machines at online casino.
People always act differently. Even if you observe one and the same team, you notice that each time they act differently in common situations. The matter is the playing esports is not a mechanic process, it requires strategy and analysis of each movement. Besides, in esports Internet connection, soft and hardware are extremely important. Such small details as new mouse or keyboard can influence how player acts. And the point is that you never guess what is going on behind the screens. You don’t know how players feel, and even who exactly is at the keyboard now. It makes each contest unpredictable and leaves good chances for luck.
In esports, as well as in sports, outsiders sometimes win, and leaders lose everything. A fate, or a mistake, or something might happen, but the result remains the same – human factor works better than any data or mathematics. Unfortunately, you cannot predict that, and you should not rely upon it.
This fact supports the idea that a gambler needs to combine several approaches and works upon raising of the winnings in a long-run game. Estimate chances, make analysis of the participants, check the data, choose the most effective esports betting strategy, and succeed in gambling.
The competition among the sportsbook websites constantly rises. All of them offer equal conditions for betting and all of them use additional means to attract more customers and make their members play more. Bonuses and promotions are the best encouraging method which works perfectly for the income of a sportsbook website and for the bettors.
Bonuses have not always existed in gambling. They appeared in online casinos when the quantity of online gambling houses started to rise and the necessity to stand out among the competitors has appeared. The same is with sportbooks now.
Different website offer different sets of bonuses, and a responsible player always puts much effort to find the site with the most lucrative promotions. Some of the players use guides which accumulate offers from different websites. Mostly, players prefer visit different bookmakers to see how much they can get without some additional efforts or money investments.
There exist several types of bonuses offered at sportsbook website.
Bonus for deposit
This is a bonus, regularly offered at sportsbook website. This is some percentage of money (also called a match) that a gambler receives additionally to his deposit. This type of bonus is usually limited, so it is important to check those limits before you claim the bonus. Another thing that you are to check is actual size of the bonus you receive. Let us analyze two situations, each of which deals with claiming of a bonus.
Situation #1. A gambler may receive $200 match for any deposit higher than $1000. It may sound pretty lucrative offer, but when you look closer you see that this is only 20% from the deposit. And if you make $2000 deposit, $200 of bonus is only 10%.
Situation #2. Sportsbook website promises 100% bonus for any deposit higher than $1000. The limit of the bonus is $30.000. It means that a gambler who makes $1500 deposit gets $3000 on his account. However, a bonuse will not be available for a deposit of $800.
As you can understand, the second bonus is far better, although the first one seems quite rewarding from the first sight.
Bonus on a first bet
This type of bonuses encourages you not only to make a first deposit, but also first real money bet. The bonus is paid according to the same principles as match bonus (bonus for deposit), but with a slight difference – the size of bonus depends on the bet you make. Bookmakers call the first bet made by a registered member a qualifying bet, and frequently offer some additional payments for making it. In some sportsbook website the following scheme of paying first bet bonuses is presented. A website offers you to make 3 qualifying bets of equal size and pay only for one of them. For example, you make three bets each $50, which equals $150, but you pay only $50.
Money back bet bonus
This is a bonus with the common mechanics with bonus on the first bet with some differences. Money back bonus allows to make one absolutely free qualifying bet. As a rule, some sportsbook website have limits for this bonus: e.g., the chances should be of the precise size (as a rule, 2.00). The matter is that sportsbookers want to prevent a situation when a player wins thousands of dollars with the smallest bet at the expenses of betting house.
The important point of this bonus is that it has some wagering requirements. So if you win money, you cannot withdraw it until you fulfill all the settled requirements.
Weekly bet bonuses
Free bets help players gamble without any danger to go bankrupt. Online bookmakers have understood the free bets attract players even more, than match bonuses. It became a basis for a type of bonuses based on the refund of played money (also known as a cashback). For example, the difference between players deposits and loses in a certain reference period is $100. He receives free bet bonus for $10 (10% of cashback).
Loyalty and VIP programs
Everyone wants to feel special attitude at the place where he plays. Traditional sportbooks made a first step to detach loyal players and created so-called VIP clubs. Online bookmakers made even more: they added loyal programs for all casino members, even for those one who do not make huge deposits and huge bets. They have created equal attitude to each customer, which has led to the increased loyalty to bookmakers. They create loyalty clubs where players collect loyalty points and can exchange them into some bonuses, convent into cash or collect to reach a new level.
Acca refunds or special bonuses for accumulator bets
In the section of bets we have talked about special accumulator bets. These bets have a unique feature: a player receives the reward if only a succession of bets favors him. These bets have the highest payments, as the chances that a player wins several bets in a row are quite low. To make these bets more attractive for a player, bookmakers offer so called Acca (from ‘accumulator’) refund bets.
This is an encouragement for the players who still hesitate to place bets of such type and rather attractive bonus for those who risk with accumulator bet all the time. For instance, a player makes accumulator bet on 5 matches. He wins 4 of them and loses at 5-th. Not to lose money a player bets, a casino offers a small refund (the size regularly is settled by the casino itself).
Surely, if a player eagers to win $1,000 placing just $2 and loses, $5 will never cheer him up. But they will help him make one more try and perhaps win a desired prize.
Why do people gamble? Psychologists know the answer. Thousands of researches have been made to understand what makes people play for money and why addiction to gambling appeared. These researches are widely used by bookmakers as they always want to know how to influence their clients and how to attract more visitors.
Everything is in our brains
The studies have shown that our brains have a special reward circuit. This is a center of all pleasures we have in our lives – gambling, food, some drugs, music, and sex. Reward circuit releases dopamine (hormone of happiness). Permanent triggering of this release makes some people addicted to the trigger. An interesting fact: different triggers affect differently on each person. For some people food is the strongest trigger, for other people this is gambling.
Operators and game developers know how reward circuit works and make everything possible to make people come back for a portion of dopamine. Quite common situation in games is to make player complete some tasks to receive the reward, which is in fact useless in real life. When the task is completed, a person feels happy. He comes back more and more to feel more happiness. Then a developer adds some new chargeable features. And a player wants to try them because his brain is telling him: I want another portion of dopamine!
The same idea works in sports betting psychology: to make people feel happy that they make bets for real money. Each time a player spends money on bets, he feels happy. Sometimes it is physically impossible to stop it – the brain thinks that it will lose any source of dopamine. Find some more ways to feel happy. Regular workouts is a good activity that makes our body exude dopamine without any risk.
Are you positive about gambling?
Gambling addiction is another part of studies for psychologists. They have noticed that addicted players are: those who always feel optimistic about their games (oh gosh, I’m going to win today!) and those who never believe in success (I will never win, but I can make a try). A gambler without addiction feels more like “this bet may bring me a reward and it may not, let’s try and see”.
Healthy attitude leads to success. Betting psychology studies show that it helps avoid unpleasant situations when you expect more from the game, and receive nothing, and not to feel desperate each time you place a bet.
Another key point in healthy attitude to gambling is not to take gambling very seriously. First of all, it is an entertainment activity. Everything else is not so important.
How do gamblers become addicted?
Why gamblers addict to bets? The answer lies in our brains, in that reward circuit we have talked about before. Unhappy people become addicted more frequently than people who have some other sources of happiness in their lives. Betting tips encourage players and make you play more. And no one can resist.
Addicted gamblers suffer from their problem. They cannot quit, they lose all money they have, looking for the most paying odds spending hours and days online. They do not feel safe when they do not make bets. Each time they feel disappointment they go to bookmaker to place a couple of bets. Each time they feel happy they go to bookmaker to become even happier.
Unfortunately, addicted players are the key source of money for bookmakers. They want people come back to wager more and they keep them close offering new promotions and promising bigger rewards. They do make efforts in understanding gambling addiction, they just keep attracting the players.
Some governments try to protect people from this addiction but they do it in ineffective way. They just prohibit gambling. Illegal gambling rooms exists in every country and anyone can just come and play there. Moreover, esports bets and professional sports betting are legal in most of the countries as they are not considered a pure form of gambling.
There are many countries where an addicted gambler cannot receive a proper help especially free and anonymous.
I almost won! Or why people continue to play
A classic situation in online casinos and sportsbookers is when a near miss happens. This is a situation when a player places a bet on the event and almost wins it, or when a player does not win a jackpot because one symbol was off the necessary combo. He understand that he was only step aside from a huge winning, and he plays more and more to make that near miss situation into a winning.
This is a psychological thing, which has huge impact upon people. A gambler knows from his own experience that the winning is possible, betting techniques tell that win is close, and he misses only some small detail to win. Some eager gamblers become so inspired of this situation that they miss money while overcoming their results.
If you wonder how to stop gambling addiction, start to control yourself and visit our Responsible gambling page where we cover everything about ludomania.
I am what I believe
Internet is full of different rumors. Some bookmakers have mistaken in their odds, and you can win a fortune playing with them! Do you believe that? Visit that website to check this message. Everybody wants to win more, and bookmakers’ fallacies can make you a millionaire.
There are gamblers who believe in different prejudices and popularize them among the players like some betting tricks that can be useful for gamblers. It may sound funny but check yourself – you probably also have some biases.
People tend to believe other people. You’d better avoid this all-in-all belief. You need to be attentive with everyone who gives you advices.
Every gambler wants to know some magic trick to make profits each time he places a stake. There is nothing extraordinary or magical in gambling. You just choose an event, count your odds and expect for the result. However, the result sometimes is a miracle, especially when you bet on outsider and he becomes a match winner. Is it possible to make profits in each game session?
An addiction or job?
Players who win each stake is a fantasy that lives in minds of gamblers. There are no such lucky people, and even professionals lose. Moreover, as a rule, professionals win even more than amateur players as they always gamble for big money. These huge bets though allow them to earn money and they also use some working betting techniques.
Someone believes that gambling helps earn money for living. Consider some facts which refuse this idea: gambling demands huge investments of time, money and mental resources, deep awareness of esport world to become a winner, but it brings the highest profits in a long run only. Are you ready to make gambling you job? Get ready to hard work.
Whether gambling can become a full-fledged substitution for job? Our answer would depend on your other incomes. For some gamblers $100 income per week is huge money, and for some gamblers this sum is absurd. Remember, that we talk about pure income. You should have some money before you wager. So betting includes money and investments.
As we have told above, professional gambling requires not only money, but also time. Hundreds of events are held and thousands of bets exist, and a pro knows everything about them. If you work full-time it can be rather difficult to combine studying of esport betting market and working.
The decision is tough: you need give up your career to become a professional gambler. Gambling never brings guaranteed rewards. Think twice before you make a decision that leads to disastrous consequences. Betting tips and tricks may promise you the moon, but the result may be zero.
Are you still dreaming about the career of professional gambler? There are some basic ideas to deal with problems and how to win in sports betting. Experience of professional gamblers, tutorials, statistics, researches made by players and our own investigations of gambling market helped define these recommendations.
Bankroll and money
Money rules gambling wolrd. This is the only result anyone expects to receive. You get more chances to accumulate winnings and not to waste everything you have won or earned somehow when you comprehend methods of controlling money and stakes.
The best bookmaker
Bookmaker is as much important as the way you play. There are huge number of different features and promotions offered by bookmakers, but the key point to stay at a website is not to find a place with bonuses, but a place with better valued chances. Probabilities are the highly important in esports. They influence winnings, and actually determine size of reward with certain bet. If you compare different sportsbooks, you can notice that they offer different valued chances. They can have some slight differences or be absolutely unequal. If you dream about profits, be careful with odds. Otherwise, you can win less that you could do with another bookmaker.
Winners sports betting events and experts in gambling know at least a couple of websites where odds favor a player. These websites usually belong to big gambling markets that offer not only esports wagering, but also classic sports bets and casino games.
You should not ignore bonuses though never forget about them while choosing a bookmaker. They can change your style of playing – with their help you increase your bets, make some try-out bets, or even save some money with special bookmakers offers. So check the set of bonuses in advance to choose the best site to play but remember betting opportunities website offers.
How do you treat gambling?
Anger or disappointment – what do you feel when you lose? Some people believe that win betting circle happens just once and you need to play more when several wins in a row occur. Some people take it just like it is – not the most pleasant one gambling part, still inevitable. Professional gamblers admit that the part of lost bets is more than 90%, and in some cases it can even rise to 95% and higher! It means that if a person makes 100 bets, only 95 bring the reward. And no one knows which of the bet can be a winning one. Of course, here we mean stakes with the highest odds. Bets with the lowest odds are regularly placed in events where the result is easily predicted.
Of course, winnings make you feel all-powerful. You can’t do everything and win any bet. Remember: winning is just another part of gambling process, though it happens rarely then loses.
Entertainment with seriousness
Professional gambler knows that gambling in not an entertainment, but a serious event which demands your control. They never make bets on the events they have not previously analyzed even if their valued chances are attractive. Researches take the greater part of their pastime, and they actually determine their gambling activity. Professionals never take gambling as an entertainment.
Perfect understanding is another key point. If a gambler does not understand all tricky points, it may be complicated him to understand why some events happen and why teams or players make certain decisions. Ignorance is your gambling enemy. Succeed with your bets learning more about them.
Accumulators – an indicator of the mastery
Accumulator bets are known are the best ones for professional gamblers. Accumulators help win more with the smallest bets. Place several bets and win all of them in a row. Risk, excitement and unique chance to hit a huge reward are the best traces of accumulators. Some strategies which indicate how exactly player needs to behave when using accumulators also exist. You can bet at matches with the lowest odds (1.83 or something close to 2.00). When those bets accumulate, the winnings rise greatly.
Any gambler would like to know the insider information about bookmakers. The question on how they made their fortune is quite an intriguing for everyone. Some gamblers are sure that they are the same bettors, but look at gambling from the other side. Perhaps, they obtain a little more information about the matches, some more recourses to analyze the competitions and teams, and of course more money to pay other bettors. In fact, bookmaking is slightly connected with a betting process, it is all about profound researches and consistency. Thousands of people are involved into searching for the best odds, which still will be attractive to the gamblers and bookmakers.
Chances and how they determine bookmaking
To understand how sportsbooks work, analyze the following situation. Let us say you come to a bookmaker who offer a special bet for all visitors. He has two boxes – one of them is full of money, and another is empty. You need to choose a box, and if you choose the one with money, you take it. Bookmaker offers you 50/50 chance to choose the right box.
It all seems rather attractive – 50/50 chances mean absolutely fair chances to win money. In other odds systems these chances are represented as 2.00 or 1/1 (evens). All other visitors have the same chances to choose a box with money. If 100 visitors come in one day, no profit comes. If he continues to offer 50/50 chances to draw a box with money, he will break soon. 50/50 chances are a way to gambling hell for sportsbooks. To make profits, change those odds a little bit.
In fact, gamblers rarely understand that even the slightest change of odds leads to more income for sportsbooking organizations. It can hardly be noticed with one gambler or even a dozen of gambler, but if there are 1000 of gambler who make bets daily, the income speaks for itself.
So, to make the boxes work for the favor of sportsbooking organization, reduce odds to 48/52, or to 1.90, or to 10/11.
The situation with bookmakers and odds is perfectly represented with roulette game. Here none of the roulette tables have only black and red pockets. All of them have green pockets as well, and these pockets are the airbags for the casino. There is a Red/Black bet in roulette game. If green pocket were diminished from the roulette table, it would represent 50/50 chances. With adding only one green pocket the chances are chances to approximately 48/25. None of the players pay attention to this difference, but this difference makes a profit to a casino.
Sportsbooks and bets
The example with roulette wheel perfectly shows how the odds work in any gambling sphere. Those green pockets are added to any bet, and they are source of income for any gambling activity.
You may not notice ‘green pockets’ in sportsbooking, they do exist and they also work here. If you analyze the odds stated for different matches, you can notice them. For example, let us analyze the match between two DotA 2 teams. Both of them have good players, effective strategies, and show good results during previous matches. In honest competition, valued chances for this match are 50/50. Bookmakers never place stakes of 2.00 for such matches because they make a big funnel to lose money. You will probably find 1.90 or 1.85 odds for those matches. You still win money, and gambling room still receives regular profit even from the players who win.
This is rather tricky point even for professional gamblers. Though, this is a classy style of creating odds, and all gamblers take it like a self-evident axiom. None of the casinos or bookmakers work to lose money.
Do bookmakers lose?
Of course, the main aim of sportsbookers is to earn money on players’ bets. But they also lose. And sometimes the losses are frustrating.
The ordinary situation of loss is when a gambler wagers on the outsider, and the outsider wins. It happens quite frequently, so any bookmaking business is always ready for those situations. The matter is that when one match ends with the win of outsiders, thousands of other matches end with loss of outsiders. In a long run, those rare matches do not affect greatly on the income.
The other situation is special bets which can become income source and can bring gambling rooms to a disaster with one single bet. Sometimes gamblers make bets on the events which can never ever happen, and those events just happen. If bookmaker offers huge odds, the bettor can become a millionaire.
In 2015 a famous bookmaking sites had suffered from a huge loss. £16 millions, and this was the biggest loss of money for their history. Of course, world-famous betting markets can deal with such losses, but for small markets is can become a reason of bankruptcy. There are thousands of examples when gambling rooms were charged because they have no money to pay back winning of a gambler.