How can you choose the right stakes for sports betting?
by Valeria Di Meglio | by Valeria Di Meglio
Accurately determine your initial capital
Make an investment that allows you to develop over the long term. This may be minimal and must vary according to your means and ambitions. It’s not the amount the counts, but your future returns. Never invest a sum that you can’t afford to lose.
You are advised to place your capital with several bookmakers. This method allows you to select the best odds on your chosen events. After placing your capital, you can then start to identify the attractive and potentially profitable bets.
Identify the value bet
A value bet is a bet whose probability of occurrence seems to you to be underestimated by the bookmaker. It is much easier to identify a value-bet in one of your favourite sports. Take a look at the forthcoming events. You will be able to form some early opinions according to your knowledge. You will soon be able to make an initial limited choice.
Don’t necessarily go straight to a bookmaker in order to determine a value bet The odds might influence what you really think.
Estimate your own odds
Estimating your own odds is an essential stage before placing your bets. Use the statistics as a source of help and also analyse factors that could influence the result (form, context, objectives, declarations, etc).
Identify all of the parameters and try to estimate your percentage of success for a given bet. Then simply convert this percentage into odds by using a very simple method: 100 / Percentage = odds.
For example: After analysing a basketball match, I estimate that Team A has a 60% chance of winning it. I can now perform the following calculation: 100 / 60 = 1.66. If the odds given by the bookmaker are higher than 1.66, the bet will be profitable.
In this situation, you are stepping into the bookmaker's shoes. Always remain objective when estimating your odds in order to optimise your chances. Don’t have any regrets if your bet ends up losing. A “Value Bet" does not necessarily mean a winning bet. Don’t get discouraged if you go through a bad patch. By following this method the results will come in the long term.
In the rest of this article, we'll be telling you how to manage your stakes.
