Whether Horse racing, Football or Boxing is your thing, betting is a big part of sporting culture. The thrill and anticipation of placing a wager and waiting for the money to come in is a feeling like no other. But, although it is intended to be fun and lighthearted, its always best to make smart decisions to limit the risk of losing all your money and landing yourself in financial hardship. So, we have compiled a small list of top tricks to help you make better gambling decisions, not to mention enhance your odds of winning big.
Money. Money. Money.
Aside from the rush of the game, betting is all about money – losing, winning and risking money. But, the amount you choose to play with is completely up to you and is personal to each gamblers financial situations and so it is important not to reach beyond your means because that takes the fun out of it – smart gamblers know their limits.
Budgeting is the most important preparation you can do before placing a bet, especially if you are an avid bettor. Calculating how much you can afford to lose each week or month without straining your finances, it is crucial that you work this out as though you will lose the money and not be tempted to assume that you will win, as there are no guarantees. Here are a few easy rules to keep in mind…
Do not bet what you cannot afford
Do not borrow money to place a bet
When creating a budget, stick to it despite any winnings you may receive
If you are at the races, you will be bombarded with different bookies selling you different odds or money-saving offers to entice you to place your bet with them, but it is a good idea to shop around to get the best bets and offers for you. Online platforms are full off different sports betting sites – Paddy Power offers endless possibilities for enthusiastic bettors and so do so many other sites, so its best not to just go with your first option.
Know What You’re Talking About
It’s not as simple as putting money down and waiting for a win or loss, betting can be very technical and has its own language that differs from sport to sport. Horse racing and Football are the two most popular sports to bet on, but although the sports themselves can be easy to follow, this doesn’t mirror into the world of betting.
Horse racing is popular worldwide, very much due to its timeless simplicity and excitement, made even more exhilarating when betting is involved. However, there are many different bets that can be placed on a horse race and its important to know how you can win before putting down your money, different bets require different criteria for you to win.
- Signing both Jack Grealish and Harry Kane will not be financially viable for Manchester City
- Newcastle should consider swooping for Percy Tau
- Tammy Abraham’s salary demands proving to be stumbling block for West Ham
- Everton should sell James Rodriguez
- Manchester United must stay away from signing Jerome Boateng