It’s not about winning money when we wager on sports; it’s about having fun. That is why we enjoy watching our favourite sports teams compete.
However, when it comes to betting and live betting, most people believe it’s all about the money. So, whether you’re betting on football, basketball, tennis, or any other sport, there are certain basic principles to follow to ensure that you have fun while profiting.
The first and most important rule is to gamble responsibly. There is lots of information available on how to achieve this, and sportsbooks have recently begun paying closer attention to the rules and regulations.
The second rule is to stick to your budget. This means you shouldn’t risk more money than you can afford to lose. If you’re worried about going overboard, consider how much money you spent the last time you went shopping. Then consider whether you could spend that much money again. Addicted people would spend $/£100 on gambling but not on a new pair of trousers they desperately need.
The third rule is to pick the right stake size. Divide your entire bankroll (the amount you’ve set aside) by the number of bets you intend to place to determine how much you should gamble.
Let’s imagine you have $/£/€100 in your bankroll and want to put ten bets. Each wager should cost you $/£/€10 in this situation. Stick to it and ignore your gut instinct.
The fourth rule is to wager on the same game or event for the duration of your live betting session. It’s tempting to jump between other games or events during your live betting session, but this can cause you to lose focus on the bets that have yet to be settled.
Keep track of your losses per the fifth rule. You won’t be able to tell if you’re doing well or poorly if you don’t know what your net loss is. Simply subtract your profits from your total bankroll to compute your net loss; however, most sportsbooks provide this information in your account data.
The sixth rule is to stay away from debt. You’ll never be able to enjoy yourself while playing the game if you’re in debt since you lost money gambling.
When you bet, you must also learn to regulate your emotions. If you’re feeling low, for example, you can decide to gamble merely for fun rather than aiming to beat the odds. However, if you’re feeling confident, you might place a wager with the goal of defeating the odds. In any case, keep in mind that the only thing you care about is having a good time.