Sports betting has become a global phenomenon over the past couple of decades. The driving force behind this surge has undoubtedly been the introduction of online sports betting. You no longer need to seek out shady bookies in back alleys and bars. Now, you can simply whip out your smartphone, place your bets, and watch the action unfold on a live stream.
Because sports betting has become so convenient, safe, and socially acceptable, more and more people are giving it a try. One cool thing about sports betting is that you don’t need a huge bankroll. In fact, most sports bettors start with small bankrolls and small bets. If that is where you are at, then there are a few simple rules that will help you take your bankroll and overall experience to the next level.
Take Advantage of Bonuses and Promotions
It doesn’t matter if you want to make a minimum deposit at a £5 deposit betting sites or if you want to go a bit bigger. The important thing is that you take advantage of as many bonuses and promotions as you can. Of course, you need to fully understand how a particular offer works to figure out if it really is such a great deal.
Most bookies have welcome bonuses for newcomers and regular betting offers for existing players. Deals like bonus cash offers, free bets, cashback, and risk-free bets can be immensely helpful in your quest to make money.
Use Multiple Bookies and Shop for the Best Odds
Experienced punters who want to maximise their profits usually have multiple bookies. The main reason for this is that it allows them to shop for the best odds. Even a small discrepancy in the odds can have significant long-term ramifications. While someone who wagers once in a blue moon may not see a few pennies as a big deal, savvy punters know that all of that loose change can add up over time.
Research
Carefully researching the games you want to bet on is a critical component of any winning strategy. One of the biggest mistakes that novices make is not being thorough enough. They might analyse a few basic player stats and team stats, but they totally ignore other key factors such as the venue, weather, and the referees. A lot of them even overlook something as basic as the injury report. Being thorough with your research gives you much deeper insight into the match. As such, you give yourself a better chance of winning your bets.
Bankroll Management: Keep Your Bets Consistent
It’s important to keep your bet sizes consistent especially when you are working with a smaller bankroll. However, this can be difficult, especially for low-strake bettors who are preoccupied with fast-tracking themselves to the realm of higher stakes. When they win a bet, many bettors feel confident and are often tempted to up the stakes. They are also tempted to increase their stakes after a loss or series of losses in a desperate bid to recover their lost money. This approach is often disastrous.
It’s a good idea to set goals or benchmarks. For instance, someone who starts with a £100 bankroll might scale their standard unit to £5. If they manage to increase their bankroll to, say, £200, then they can up their standard bet size. If that £100 starting bankroll shrinks down to £50, then adjusting the stake size to £2 or £3 would be prudent. This approach lets you stay in the game longer.
Conclusion
Knowing about sports is definitely an advantage for small-stakes bettors, but it takes a lot more than that to be a profitable punter. You need to exploit every edge that you can. This means researching, staying informed on the latest news, claiming bonuses, only accepting the best odds, and protecting your bankroll. You may be a small-time bettor right now, but being diligent and paying attention to a few simple rules will help you reach that next level.
