Improving your Sports Betting to Build that Bankroll in 5 Simple Steps
There is nothing better than placing a bet on a sporting event and sitting back and watching the money roll in as the team / player wins. Unfortunately however, this doesn’t happen quite as often as we would all hope, as the vast majority of gamblers will lose money in the long run - many without realizing why. Some good news though - there are a number of steps you can take to ensure that your gambling fortunes improve!
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In this article I look at five aspects of gambling where you’ll be able to make immediate improvement by detailing the mistakes people make and suggesting a better approach.
The slot machine has a computer program that dictates the overall payback percentage of that machine. That means if the machine is set to payback 95% then the casino will receive 5% of every dollar that is played in a particular machine. This is when some people become confused. Nov 29, 2016 Yes, slot machines are honest—in a manner of speaking, anyway. Casinos don’t make claims about slot machines that are blatantly untrue. If a game has a maximum jackpot of $1 million, you do have a chance of winning that much money. Are Slot Machines Rigged. One great way to find out if you’re playing at a reputable site is to check out what’s programming their slot machines. For example, make sure they are using a software called a Random Number Generator (RNG). This sort of software is able to calculate every payout randomly to ensure no person is controlling the reels. #2 Slot Machine Programming. If the company is using a trustworthy software such as RNG (Random Number Generator) to spin the slots, then this is a good sign. The RNGs are able to calculate the payouts at random so that there’s no one controlling and no one programming slot machines. For each game, there is a great element of chance (randomness). How are slot machines rigged.
Find that, subtract 1-3 tables, and that will be your sweet spot. Drop down in stakes (and play more tables). Another method to building your bankroll quickly is to drop down in stakes. For a lot of guys their current stakes are challenging. You have more regs, awkward spots and learning curves to deal with. Sep 15, 2017 In this list of 7 smart ways to grow your poker bankroll faster you won’t find too much involving strategy, but you’ll learn great ways to increase your bankroll as you’re improving the rest of your game. Each of these tips can be used by itself to help your bankroll grow or you can combine two or more of them to get the maximum advantage. May 04, 2015 The fastest way to build your bankroll starting with $1000 or less The MOST IMPORTANT QUESTION (and the answer) for when to take shots The amount of buy-ins needed to.
Of course, every bettor knows that consistently selecting the best lines (odds) and the best value from sports betting bonuses and promotions are also important. The detailed sportsbook reviews here at High Tech Gambling will help you get the most from these vital areas.
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Building a Sports Betting Bankroll - Step One – Be Selective
Many gamblers will place a bet on whatever event is on the TV. This might be because they have a particular interest in the sport, they are a fan of one of the teams/players or simply because they want to have a bigger interest in the game. However, by betting on anything that is on TV, you are not being selective at all – in fact the television companies are almost selecting your bets for you.
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By all means look at the odds for a live televised event and if a particular bet does stand out, then go for it. However if nothing stands out, don’t place a bet and wait for a better opportunity – never bet for the sake of it.
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Building a Sports Betting Bankroll - Step Two – Don’t Increase your Stakes When Winning or Losing
Winning feels great and winning also breeds confidence. However in gambling this can be a dangerous combination, as many people will happily increase their stakes when winning as they feel invincible. A gambler who has won £500 on a given weekend might happily place a bet for £250 at the end of that weekend when normally their maximum stake is £10. Why risk giving half of your profit back to the sportsbooks? Stick to the same £10 stake and that win will keep your gambling bankroll happy for a long time.
On the other hand, you might be on a losing run and take a shot at winning it all back in one go with one oversized bet. This is another huge mistake, as you have to consider what happens if this bet loses? Do you take an even bigger sizes shot to win THAT bet back as well? This is one of the most dangerous things you can do when gambling.
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Building a Sports Betting Bankroll - Step Three – Accumulators Cost you Money
For many sports bettors, accumulators (or Parlays) are seen as the ideal bets to place, with the offer of a big money payout for a relatively small stake. However these bets are the ones that bookmakers and sportsbooks love the most. Consider that every bet you ever place has an in-built house edge, where the bookmaker will only actually pay out a percentage of the money they bring in (this might be 95% or less). Now consider what happens when you place an accumulator with this 95% payout. The expected return for the first leg is 95%. The expected return for the 2nd leg is 95% of the 95%, which equates to 90.2%. A 5 leg accumulator sees a return of just 77%, a 10 team accumulator sees a return of just 60% and a 20 team accumulator sees a return of just 36%. You can quickly see why bookmakers love these bets.
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Building a Sports Betting Bankroll - Step Four – Don’t Bet just Because you Think a Team / Player Will Win
One of my biggest pet hates when watching sport on TV is when a commentator/announcer states that a team or a player ‘have got to be a good bet to win’. It happens all the time, but how can you know if something is a good bet to win if you don’t know the odds you’re being offered? However, many people make this mistake by simply deciding to place a bet in exactly this way – blindly betting on a team/player without actually giving any consideration to the odds. For example – you might think that ‘Chelsea are a good bet to win the Champions League’. At this point stop and consider what their chances are. If you think they have a 1 in 8 chance, do you really want to back them at 4/1? However, should you see a bookmaker offering 12/1, then go ahead! Only bet when you think you are receiving value for money.
Building a Sports Betting Bankroll - Step Five – Take the Wider View
Have you ever placed a bet where you consider a team or player to be a certainty without considering the opposition? For example, you might see Roger Federer playing a lesser known tennis player, or Barcelona taking on a club from Eastern Europe in the early stages of the Champions League. These are always dangerous bets, as you might know all there is to know about one side of the contest, but you have no knowledge of the other side. Spend some time checking out the opposition and you might see a good reason not to place the bet, or to even change your mind completely and bet the other way. In this day and age there is no excuse not to do your homework as there are so many resources online. Betting blindly with no idea about the opposition is a mistake waiting to happen, and if it does, you will only have yourself to blame.
Planet Mark's Top Rec:
32Red are giving the old 'High Street Bookies' sports betting brands some real trouble.
This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.
32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!
32Red are giving the old 'High Street Bookies' sports betting brands some real trouble.
This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.
32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!
Planet Mark's Top Rec:
32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.
This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.
32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!
32Red are giving the old 'High Street Bookies' sports betting brands some real trouble in 2019.
This very slick site offers top-rated odds; a huge range of bets and a big list of player promotions (really, check the latest before you bet elsewhere). This now includes an excellent 100% profit boost offer for all new players.
32Red are my go-to betting site, you’ll quickly find out why once you see www.32red.com/sports for yourself - check them now!
Planet Mark's Top Rec: There are a lot of good reasons why Bovada are the number #1 US friendly sportsbook. Look beyond the big welcome bonus and you'll find the real magic..
Bovada have a huge range of markets (especially when it comes to the bigger events), competitive lines and super-easy deposits / withdrawals.
The killer reason is the promos – you’ll find their list of offers for regular bettors unrivalled anywhere online. Check out www.bovada.lv to see the latest deals for yourself now!
Bovada have a huge range of markets (especially when it comes to the bigger events), competitive lines and super-easy deposits / withdrawals.
The killer reason is the promos – you’ll find their list of offers for regular bettors unrivalled anywhere online. Check out www.bovada.lv to see the latest deals for yourself now!
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Fairness and ReliabilityFirst things first, you should always thoroughly check if a mobile casino is a legitimate site, with all of the safety and fairness checks in place.Check whether the mobile casino is correctly licensed and regulated within your jurisdiction. For UK mobile players, this means checking whether the site has a United Kingdom Gambling Commission licence.Also, take a look at whether the casino has had all of its games independently tested by reputable regulatory bodies, such as eCogra or GLI.Any up-to-date mobile casino worth playing at should also boast fully enabled data encryption software. With countless online casinos around, you might not even know where to begin.To help you out, we’ve created a mobile casino checklist which contains all of the criteria that any new mobile casino should meet. This ensures that your private data and transactions are protected. Mobile slots free no deposit.
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- Betting on US Sports (Sitemap for the many detailed US sports betting strategy pieces here at HTG)
- Bovada Sportsbook Review (the most popular offshore sportsbook for US bettors - and the best!)
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