How to make a good bet and find good bets

Subscribe

 
Estimated Reading Time: 6 minutes

How to make a good bet and find good bets

How to recognise a good bet versus a bad bet and what you need to do to make it happen.



Published on
Updated on 03 October 2018
Author:



Betting Tips for Today's Football

Find more value in your next football bet. You could gain a betting edge by checking out the tips and stats for today's and tomorrow's fixtures...


The question every punter wants the answer to is; what makes a good bet?


The phrase is often used as something of a throw away saying these days. For instance, when you tell someone who you’ve put your money on at the weekend, or, who you’re backing in the midweek European games - “Oh, that’s a good bet.”


But, is it a good bet? More often than not, no. Sure, you may win some bets by simply logging into your betting account, but you have to work for it if you want to make better betting decisions.


Bookmakers often distinguish their bettors into select groups and it is well worth finding out which group you fall into.

The Betting Dreamer

If you find that your good bet revolves more around what the final odds you get are and what your return will be, rather than if it is even likely to happen, you my friend, are a dreamer. Sure, we have all seen those huge nine-folds and lucky accas that come in every now and then, but that is not what good betting is about.

Especially, if you want to be winning more money, more regularly.


We want to try and coax you out of this dreaming method of thinking, as, in the long run you’ll be losing more than you’re winning.

The Betting Realist


This is where you want to be. The realist analyses and weighs up the pros and cons of his bet. Does the stake you’re placing reflect a good return as a realistic bet?


A good bet is placed with knowledge of the event and the potential outcome; meaning you’re actively attempting to balance the fine line between risk and reward, value and expected value.

The Betting Optimist

Do you find yourself weighing up the aforementioned pros and cons, risk and reward, value and expected value for each of your selections, find your ideal wager, then add another higher odds and unrealistic bet, so you can nudge your return a little higher?

If this sounds like you, your good bet includes the elements of the realist, but, reduces your chances of improving your bankroll over the long-term. You're not using the best soccer betting strategies to reduce your risk or analyse soccer matches.


This leads to many frustrating moments at fulltime when your bet was let down by an unforeseen result or out of the ordinary performance by an underdog. Whether this is because only one result has ruined your acca or you just needed one more goal to make it through. Either way, you lose your money!


Bookmakers are keen to have more dreamers and optimists on their databases than realists. This, is a prime example of why so many bookies offer such enticing promotions for new and existing customers, alike…Remember if it were unprofitable, bookmakers would not do it!


Here at iwinsoccerbets we want to help you in your migration from an optimist or a dreamer to a realist. We want you to give you a better understanding of how the bookmakers prefer you to bet (i.e. losing money over the long-term) and how WE want you to bet (i.e. winning more over the long-term and maintaining your bankroll!).


So, what are the components of a 'good bet’? There are many components to a 'good bet’ and those who are still relatively new to soccer betting, may well be surprised to know that it isn’t just a case of what looks good.

Know Your Sport


In this case at iwinsoccerbets, we are obviously talking about the football market.


This is a prime example of what you should be doing if you’re serious about picking up more than some pocket money!


What is the one market where people win more money with their gambling? Horse/Greyhound racing. Why is that?


Because by and large the bettors at the race track study and research their sport on a daily basis, regardless of whether they’re putting a bet down that day.


This method of thinking needs to be implemented in your soccer betting. To put it at its simplest, if you know what you’re putting your money on, then you are far more likely to come away making money on your bet.


Sure, betting is a numbers game, but you first need the knowledge, so you can use the numbers to your advantage and not only the bookmaker’s advantage.

It’s A Safe Bet


A safe bet?


Wait, you mean, there’s a bet on the soccer this weekend that will definitely pay out? Wrong.


Again, this links to the way that the markets are priced by traders and bookmakers. An outcome on a team winning, or a score line can be priced up as Evens – however – that does not make it a mythical safe bet.


In line with the above section, the more you know about your sport the better. Why?


Because the safe bets are the selections and outcomes that you understand and where you have the most familiarity. This is because of what you know, rather than what promotions and bonuses are running within your bookmaker’s app or website.


Value for Money


We will all have, at some point, passed up on placing a bet that showed good value because of:
•    Simply liking another side
•    Wanting a bigger pay out
•    Some other tenuous and unjustifiable reason.

Stop doing this, as that is not the way you want to work. In line with knowing the market, and sport, you will be able to see when the bookmakers make their judgements by the way the odds change within an soccer fixture.


Many may feel that the 7/2 on offer for the favourite is great, however, look a bit closer and you may be able to find much better value within other betting markets within the same match.


The outright win market is there to entice people away from the odds that are priced up as better value for money, especially, those of a dreamer and an optimist mindset.


We All Lose


Yes, we all want to beat the bookies with every bet we make, however, it isn’t viable. Don’t be put off or be made to feel like you’re stuck in a losing run, as we know, this is a numbers game.


A good way to combat that negativity is to keep a log, be it an excel spreadsheet or a diary in a journal. Keep a record of your betting.


When you look back over your month’s betting, you may well find a common trend with your betting. What is working? What isn’t working? What did you lose big money on?

What did you win big money? Are you betting too much?


As well as this, it provides a definitive in terms of how things are going. Instead of not winning a bet for two days, it’s black and white. Are you up or down on the month, and, how much by?


'Gamblers Fallacy'


The best example of this is to say you have a coin that has been flipped and landed on tails 15 times in a row.


Many will be inclined to think either 'the run will come to an end now!’ or, 'it’s definitely going to be a tail’ based on the previous results.


I’m sure you understand what’s coming next...


Following 15 successive tails the probability of the next toss landing on a head is one in two. The exact same probability as it was landing on tails.


This applies to your betting, and, especially in soccer where form and successive games won may alter your opinion prior to placing a bet. With this in mind, can you imagine the betting and the odds with every English Premier League game that passed involving Arsenal’s Invincible season in 03/04?  


Every game is its own microcosm and your betting should reflect this. It must be treated as that rather than a sequence of results.


How can you make good bets and better betting decisions?




Unfortunately, there is no 100% winning formula for betting on soccer, regardless of what tipster sites may tell you on the internet. There are only guidelines to heighten your chances. Throughout iwinsoccerbets, our aim is to provide you some of the most clear, unbiased and thought out guidelines to try and help you on your own betting journey.


We do not make sensational claims, we aren’t claiming to win you thousands in a matter or hours. But, what we are saying is that if you take on board the help and advice we are giving in regards to HOW you bet on soccer, rather than WHAT, we believe you will see an upturn in your fortunes.


Whether that is through our soccer stats page, or, following our recent blog posts we do our upmost to help you maintain, improve and profit more often than you lose.


Good Luck!



Tags: betting zone

Share Post On:    
Share on Facebook. Opens a new window    Share on Twitter. Opens a new window    Share on Google Plus. Opens a new window

Short URL: https://iwinsoccerbets.com/zPpSxGt38

<< Previous Post
How to win a bet on football

Next Post >>
Reduce your betting mistakes and make more from your soccer betting

Learn how bettors reduce losing streaks and find more value within your soccer selections. Understand how to win a bet on football and extend your bankroll.How to make more from your soccer betting, reduce your betting mistakes and extend your bankroll

Related Blog Posts



Recent Blog Posts

 
How many games in a soccer season for major European leagues?

How many games in a soccer season for major European leagues?

(by iwinsoccerbets)   

The number of games and the number of goals scored in a soccer season
- Updated: 14 January 2019 | betting strategy


How do bookmakers calculate starting price and change their odds?

How do bookmakers calculate starting price and change their odds?

(by iwinsoccerbets)   

Learn more than just the definition of starting price. Know how bookies and exchange traders modify their odds to find better returns.
- Updated: 12 January 2019 | Bookmakers, odds


What is the meaning of each common bookmaker term?

What is the meaning of each common bookmaker term?

(by iwinsoccerbets)    Recommended

Improve your betting knowledge with tips and explanations of each common bookmaker term.
- Updated: 07 January 2019 | betting zone


What is a handicap in football betting?

What is a handicap in football betting?

(by iwinsoccerbets)   

Learn the different types of handicap betting, such as level handicap, single handicap and split handicap.
- Updated: 04 January 2019 | Bookmakers, odds


What happens to a bet if the football game is suspended?

What happens to a bet if the football game is suspended?

(by iwinsoccerbets)   

Do you understand when a bookmaker should keep your stake and when you should be refunded following a suspended football game?
- Updated: 03 January 2019 | betting zone


Mathematical sports betting systems explained in brief

Mathematical sports betting systems explained in brief

(by iwinsoccerbets)   

Get the most value from your bets by using betting maths and betting strategies
- Updated: 02 January 2019 | betting strategy


How do bookies make money? How can you bet differently to help yourself?

How do bookies make money? How can you bet differently to help yourself?

(by iwinsoccerbets)   

Read how bookmakers make their money, so you can avoid common mistakes.
- Updated: 19 December 2018 | Bookmakers


Get a brief overview and description of the main football betting markets

Get a brief overview and description of the main football betting markets

(by iwinsoccerbets)    Recommended

All major football betting options briefly explained, so you can make better betting decisions.
- Updated: 18 December 2018 | betting zone


What is Asian Handicap betting?

What is Asian Handicap betting?

(by iwinsoccerbets)   

Understand Asian Handicap betting with this simple explanation.
- Updated: 12 December 2018 | betting strategy


Can an underdog betting system be profitable?

Can an underdog betting system be profitable?

(by iwinsoccerbets)   

The most realistic approach to use a sports betting underdog system
- Updated: 11 December 2018 | betting strategy


Goal line explained and alternative goal line examples

Goal line explained and alternative goal line examples

(by iwinsoccerbets)   

What is the goal line in football? Does it compare to goals over/under markets?
- Updated: 06 December 2018 | betting hints and tips


Betfair trading for beginners

Betfair trading for beginners

(by iwinsoccerbets)   

What are the key skills for profitable betting exchange trading
- Updated: 04 December 2018 | betfair


Using football quotes to inform your betting Part Two

Using football quotes to inform your betting Part Two

(by iwinsoccerbets)   

Get more information from soccer legends to improve your bets
- Updated: 30 November 2018 | betting zone


How to build an arbitrage betting system

How to build an arbitrage betting system

(by iwinsoccerbets)   

The best way to arbitrage within soccer betting markets
- Updated: 30 November 2018 | betting tips and tricks


Using football quotes to inform your betting Part One

Using football quotes to inform your betting Part One

(by iwinsoccerbets)   

How to use information from soccer legends to improve your bets
- Updated: 24 November 2018 | betting zone


Are bookmaker goal spreads accurate?

Are bookmaker goal spreads accurate?

(by iwinsoccerbets)   

Why you should consider goal spread and odds research?
- Updated: 23 November 2018 | Bookmakers, odds


What is no risk matched betting? Is it genuine?

What is no risk matched betting? Is it genuine?

(by iwinsoccerbets)   

Get a quick understanding of no risk matched betting
- Updated: 21 November 2018 | betting strategy


Can you trade betting exchanges cold or do you need knowledge?

Can you trade betting exchanges cold or do you need knowledge?

(by iwinsoccerbets)   

Description of how and why cold trading could work for you.
- Updated: 17 November 2018 | betfair, odds


Learn bookmaker soccer betting rules to protect your bankroll

Learn bookmaker soccer betting rules to protect your bankroll

(by iwinsoccerbets)   

More bookmaker betting knowledge will help your soccer bets
- Updated: 16 November 2018 | Bookmakers


How to bet on soccer using the moneyline

How to bet on soccer using the moneyline

(by iwinsoccerbets)   

Understanding moneyline and soccer betting
- Updated: 15 November 2018 | odds


How to develop a reliable correct score betting system

How to develop a reliable correct score betting system

(by iwinsoccerbets)   

Using data to create a correct score betting system
- Updated: 14 November 2018 | betting strategy


What is Contrarian Betting? Does Contrarian Betting work?

What is Contrarian Betting? Does Contrarian Betting work?

(by iwinsoccerbets)   

Learn the Contrarian Betting basics for more profits
- Updated: 13 November 2018 | betting strategy


Learn how to create a successful football betting plan?

Learn how to create a successful football betting plan?

(by iwinsoccerbets)   

Learn how to create the best football betting plan
- Updated: 13 November 2018 | betting strategy


Soccer betting system basics and the nil-nil betting system

Soccer betting system basics and the nil-nil betting system

(by iwinsoccerbets)   

Understand betting systems; bet against nil-nil (0-0) draws
- Updated: 12 November 2018 | betting strategy


What are the Differences Between Matched Betting and Arbitrage Betting?

What are the Differences Between Matched Betting and Arbitrage Betting?

(by iwinsoccerbets)   

Matched Betting vs Arbitrage Betting – who wins?
- Updated: 11 November 2018 | betting strategy


12345