The goal of every bettor is to profit from betting, if we consider this process as a kind of earning. Each bet is an investment that should be made with a positive mathematical expectation and bring a return. Accurate analysis and, as a consequence, correct forecasting, as well as effective bankroll management will help in this.
The bankroll in betting is just as important as finding a potentially passing bet. Correct allocation of funds will help you stay afloat even with a negative ROI, and with a positive ROI you will be able to use your capital as efficiently as possible. ROI is the return on investment ratio. It allows you to correlate the profit received with the amount spent on the betting.
Naturally, bets with a positive ROI will definitely bring income over a distance, but with proper management of the bank the profit can be increased not even a hundred, but a thousand times. We guarantee that the bettor who regularly loses his money, in 99% of cases it is not because of lack of experience in finding a positive mathematical expectation, but because of incorrect capital allocation.
What a beginner should know first of all
So, at the heart of all betting on sporting events there is a financial component, which first of all consists in the fact that a bettor should save his own money and only after that should he increase it. The bankroll should be formed even before the betting. This is a very important process, which must be treated with great responsibility. Among the main tips are the following:
- It is necessary to allocate the amount that can potentially be lost.
- The money should not be last, borrowed or meant to pay a loan, mortgage, bills.
- Always set a limit on amounts bet or lost per day and week. For example, not to bet more than a thousand a day and not to lose more than 500 rubles.
- Make bets only on proven events in those sports, in which a beginner understands.
- Always stick to financial strategies.
- Conducting an in-depth analysis of any event before placing bets.
- Constantly increasing their level and getting new experience.
- Keep emotions under control.
- Not to take long express bets.
- Not to bet all the money at once and not to exceed the set limits.
Theory of probability
Probability is not the last place in betting, and bettors constantly face it. For example, in a tennis match Govortsova – Kung bookmaker gives odds on the victory of the first athlete (P1) 1.58. Bettor conducts a thorough analysis, looks at statistics of previous games, compares with the opponent’s statistics, takes into account the position in the standings, etc., then comes to the conclusion that his chance of winning all 80% and he is a clear favorite, and the real rate is 1.25, which indicates an inflated quotation and a profitable bet. In the example above, the bet is really sure to go in, but as practice shows, this does not always happen. Even at odds of 1.25 it is difficult to collect a parlay of, for instance, 10 events so that they all win, 2-3 matches will definitely go wrong.
It turns out that out of 10 bets 2 will be losing. In fact, it is enough and one bet wah-bank to lose them all. But even a series of 2 losses in a row for 10% each, would be a significant blow to the bank. And this is only for the example of 2 losses out of 10. And if the amount is 25%, then 2 losing bets will take away half of it, and the remaining amount must be repaid and try to get some profit. This is why it is important to understand that, according to probability theory, the bettor can start the day with a series of losses, so it is important to use the bankroll correctly.