Without a doubt the most critical factor in football betting (or any betting for that matter) is your money management. This is the only way you’ll ever see any profit or have a consistent record of wins, along with the ability to actually grow your bank roll. Yes, of course a tried and trusted betting strategy is of importance. But all will come to nothing if you can’t hold the reins steady on your own money.
Choosing Your Bankroll
Essentially ask yourself just how much are you going to allow yourself for betting. It goes without saying that you should only play with money you can afford to lose. We would suggest around £500 is enough to get you up and running.
Another thing we suggest is that you only stick with “flat stakes”. This means that you bet the same amount for each game. And that you never bet more than 5% of your total bank roll with any one bet. Once you’ve placed around 10 – 15 bets, you can then recalculate your bank roll to take into consideration your gains and losses.
Singles are the Way to go
We suggest that you stay clear of accumulator bets. Just stick to singles as they are the best method of generating profits. Betting accumulators are notoriously difficult to get right. Yes, the media likes to make a song and dance about some lucky punter with a massive accumulator that came in, but believe us, it’s a very rare occurrence. With an accumulator, if you get a total of 4 out of 5 right, you still lose. With single bets, if you manage to land 4 out of 5 bets, then you’ll be doing very well. And after all, you’re looking for a profit.
Stay True to Your Betting Strategy
So, now we’ve all agreed that you’re going to stick with single bets on odds between 1.75 and 2.25. This will give you the best possibility of long term profit. Remember that we are all in this for the long game. No short term players here. Now if, using all your knowledge and skills find yourself enjoying a winning streak, no matter what, do not go above our previously agreed limit of more than 5% of the total bank roll on any one bet. It’s super important that you stick to these numbers. They really do matter. Consistency is a key factor in sports betting. Just because you’re winning, doesn’t mean that those winning should be thrown away. So try and stay true to your betting strategy.
Opening Account at Multiple Book Makers
Open any internet search for betting companies and you’ll be spoiled for choice. We suggest that you set about opening an account with as many as possible. This way you can take advantage of their welcome offers and promotions. At the same time you’ll be able to place bets at the highest odds. Keep in mind that the odds on a single game can be higher with one book maker as lower with another. As you’re in this for profit, then you should check odds across all bookies. After all you want to maximize your winnings. It’s the same with different types of bets. Check it all! As the old TV advertisement used to say, every little bit helps!