Sports betting is an intellectual bet between a player and a bookmaker: a player makes his prediction for a sporting event and puts money on the fact that this forecast will be correct. With a correct bet, he returns this money to himself with a profit;
The bookmaker assigns a coefficient (quote) to each bet that estimates the probability of this event. Russian bookmakers use European odds, which are displayed as a decimal fraction. If the bet turns out to be successful (the player’s forecast turned out to be correct), the wagered amount is multiplied by the coefficient proposed by the bookmaker – this is the size of the payout for the successful bet.
The size of the bet multiplied by its coefficient – this is the amount the bookmaker pays to the player if he wins the bet. Net gain is only the amount of profit: the amount of the bet made is deducted from the size of the payout.
Bookmaker quotes can change both under the influence of the number and size of bets placed on this event, and due to a decrease / increase in its probability. Experienced players also call the coefficient “price” of the proposed event: everyone can either choose a bid at the proposed price or refuse if it considers it incorrect.
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Is it possible to win sports betting?
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Good knowledge of sports does not guarantee consistent wins. However, we note: nothing guarantees permanent wins. Nevertheless, the game can be successful. Subject to several key conditions.
Condition One: Correct Perception. Betting should be fun, and this is the main thing that you need to learn to anyone who reads everything about sports betting for beginners. They can (and will) lose, and you need to be prepared for this.
The perception of betting as a game and as a hobby has several significant advantages:
- This allows you not to lose your mind and not risk large sums (by the way, the mind in this game is very necessary);
- This helps to develop forecasting skills, and not the skills of searching for betting errors (as opposed to being obsessed with money issues);
- It gives what bets should give: more drive, more healthy excitement and more emotions when watching a match.
Condition two: control of the bankroll (game budget). For a beginner, advice will be simple: you can bet only the amount that you do not mind losing. Betting twice as much after a successful bet is a bad start. Trying to recoup after losing is an even worse start. Experienced players know how our brains work: one win of a beginner (especially if it turned out to be large) can “overshadow” many previous and subsequent losses.
The third condition: work with information. The ability to work with information, correlate facts and timely obtain relevant data is the basis of the basics and most importantly when choosing a bet. It is not enough just to believe in the team you want to bet on: it is important to understand what form it is in right now, whether its motivation is enough to win, how optimal is the composition announced for participation in the match, etc.
To make this condition easier for fans of betting on football or hockey: in the section of the joker123 Betting Center you can always select the match you need from the list and get the latest information about it.