Gambling is, by its very nature, a risk-ridden way to fill your time or even to try and make money. But, when done sensibly, it can also be a fun and exciting addition to watching sport. But how do you make the most of your bet? What’s the best way to get round the bookies’ tricks that try and pull you through their doors?
It’s all about finding the best value for money. Whether that’s the right prices, the right markets or even the best time to put your bet on, follow these tips from the Fairlay Betting Exchange and see if you can make the most from your gambling experience.
Carry Out an Extensive Research
It's not just about which football team has won their last six games but how well they have really played offensively and defensively. Were they good at keeping possession or were they lucky?
Which tennis player is having a spat with their coach? That golfer might have won two majors this season but how much experience does he have on a links course?
These are the kinds of details that will inform your betting and will better prepare you for spotting those good-value markets.
Learn the Lingo
There are lots of terms and phrases used in sports betting that you may not be familiar with as a beginner. You’ll pick most of these up as you go along, but it doesn’t hurt to try to learn them before you even get started. We can help with this, as we’ve compiled a comprehensive glossary of sports betting terms.
Ignore Personal Bias
Most people place wagers on the sports that they enjoy watching the most, and it’s natural that they have their favorite teams and players. They obviously like to see those teams and players do well, and this can easily influence their selections if they’re not careful.
Now, backing your favorite team and players is not a major problem when betting for fun. But if you’re trying to make money, it’s important to avoid allowing bias to cloud your judgement. The best way to do this is simply to avoid any games and events where you have a personal interest in the result.
Become a Bookie/Bet on an Exchange
Exchange betting is becoming more and more popular nowadays, with the advent of the internet and online books over a decade ago. This can allow you to effectively “become the bookie” and offer other gamblers odds on a certain outcome. Even when considering the house commission, this can still prove very profitable.
Currently, Fairlay is the best betting exchange across the globe that allows gamblers to create their markets and bet using Bitcoins.
Join a Betting Forum
Apart from our comprehensive sports guides, there are lots of other ways to expand your knowledge too, like joining a betting forum. Just reading discussions between other bettors can be very enlightening, and actually engaging in those discussions is even more useful.
Have you signed up at Fairlay Betting Exchange? If you haven’t done so, sign up today and claim your 100% first deposit bonus of up to 1mBTC.
Guest writer contributed to this article: Josiah O. Makori