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If You Want To Make Sports Betting A Lucrative Activity, You Should Read This - Sports - Nairaland

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If You Want To Make Sports Betting A Lucrative Activity, You Should Read This by xbox360: 3:35am On Nov 07, 2019
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I have separated a few words that can clarify the doubts of many players.
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▶️ 01. SPORT BETS: Recreation or Professionalism?
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Sports betting is a branch of activity that includes the participation of millions of people in various countries of the world.
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Most of these bettors make use of betting in a recreational way, simply trying to make a profit but without a study or management support. Betting based on guesses, without a sound technical foundation.
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Another significant portion, located in an intermediate zone, are those players who have knowledge of teams, leagues, markets and applied techniques, however they can't qualify their earnings so as to become profitable. Invariably, after a while, they end up losing more money than they make and spend a lot of time lost in inconsistent swings.
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The third installment of gamblers concerns less than 10% of the total. It is those who can convert their knowledge into profit, who understand that sports betting requires technical expertise applied not only to markets and betting options, but also to the way it organizes its operations and manages the money from its operations
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Within that minority are consistent lucrative punters and professional punters. Consistent bettors make profitable bets periodically as professionals make those profits to make them as personal economic support. It is just a didactic differentiation. In this particular comparison there is no better or worse status, because what is common is that these gamblers match profitability to their chosen lifestyle.
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▶️ 02. INHERENT RISKS AND THE DANGER OF IMMEDIATISM.
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Any choice you make may be doomed to success or fail. Every bet carries a degree of risk. No matter what teams are involved, no matter what odds, there will always be a certain degree of inherent risk.
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This is because, however firm the statistical data may be, and as sharp as the player's subjective analysis may be, match results are the result of human, unmechanized actions, so a series of variables may affect the changing course of the games.
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Even weather or turf conditions contribute to team performance. So when it comes to betting what you have in mind is the probability that a particular event will occur according to the benchmarks presented.
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Therefore, understanding the existence of the risks inherent in betting, it is not advisable for the gambler to create immediate expectations or make personal projections for short-term results unless they do so in a recreational manner, knowing that in the event of negative outcomes (Reds) these will not affect your financial balance, your tranquility, your peace.
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To accept the occurrence of a Red is to be aware that bets are not the result of mere formulas, It is true, however, that studying mathematical patterns can help the gambler make more Greens than Reds.
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For all these reasons, we suggest that the bettor never projects expectations of short-term betting results to meet personal financial commitments such as enrollment and tuition in courses and educational institutions, debt repayments, or similar obligations. Even using leverage or roll over techniques, these projections should not be undertaken as the only way to resolve the outstanding financial situation.
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If you want bets to bring financial results so that they can help you meet personal obligations or earn extra income, you need to plan, set up your bankroll in an organized and disciplined manner and manage the money applied to bets as if it were an investment real.
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▶️ 03. BANKROLL MANAGEMENT AND CONSTRUCTION.
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If the bettor wants to make a profit from football betting, it is essential that he /she manages the money applied as well as the medium / long term planning to build a robust, strong bankroll capable of giving him dividends and profits in the future and support also the passages of the Reds without shake the bettor's economic structure.

Bankroll management" is the term used to designate the methods and procedures for administering the total amount that the bettor has to bet. In the event that the bettor has a $ 100.00 in his Bet365 account, for exemple, it is suggested that only a portion of this amount be directed to each bet. Thus, this total amount (bankroll) is divided into smaller units, for example 50 units. $ 100/50 = $ 2. Each unit will cost $ 2.
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Each bet will have an equivalence of a specific unit amount indicated by the Tipster.
Example: Phill J Hill indicates two single bets:
-> Option 01 - odd = 1.60.
-> Option 02 - odd = 2.12.

By the degree of difficulty to hit each bet, Phill designates a different amount of unit for each bet:
For Option 01 (odd 1.60), bet 2 units.
To bet on option 02 (odd 2.12), bet 1 unit.
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The reason is to balance the impact on the bankroll if the bet does not win.
Using this method allows the bettor to gradually increase his bankroll without endangering all his money.
Division by units is subjective, it depends on how much each bettor makes available in your account.
You can then split the balance into 50 units, 30 units, 25 units, 20 units.
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The important thing is that the bettor does not commit more than 10% of his bankroll with the maximum bet.

03.1. "Bad Run".
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Often the bettor goes through days, even weeks without consistent results, even though he has a properly organized and planned structure, even if he is performing bankroll management correctly, or performing Pre Match technical analysis rationally.
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The name of this "phenomenon" can be called: BAD RUN. It's hard to explain the reasons why an experienced and profitable gambler gets negative results successive - Bad Run, but this is more common than you might think, and one of the factors that can contribute to this is the sudden fluctuation of performance of the teams where bettors usually trust their bets, or even some subjective point of their analysis is misfit.
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The bettor must not be martyred because of the occurrence of this negative sequence; are common and must be faced with patience to identify the angles of analysis that deserve to be adjusted to “redisplay the Greens”.
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Also, if you have confidence in a particular Tipster, and he is facing a bad race, it is advisable to pause and wait for that "bad weather" to pass, because surely if the Tipster is profitable and experienced, it will soon provide good betting tips again.
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Important to note that the administration of your money is up to you. Never outsource this responsibility to anyone else. Study, improve, manage bankroll well and these situations will be resolved with less suffering and more understanding and peace of mind.

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Re: If You Want To Make Sports Betting A Lucrative Activity, You Should Read This by seunlayi(m): 3:50am On Nov 07, 2019
Betting is a silent killer

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