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Can soccer betting make you rich?
If people can become rich and successful with soccer betting, what are the key factors, which can help make this happen?
Published on 03 July 2018
Updated on 03 July 2018
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The word rich is highly subjective and different for everyone. We’re all individuals and one person’s rich is not the same as another person’s rich.
I’m going to change the phrase and use the word successful instead. Focussing on success rather than riches will help you to think more about your overall approach instead of only focussing on the emotion surrounding the word rich!
How can soccer betting make you rich? Or rather how can you become successful at soccer betting?
This post will try to breakdown the three different betting approaches, so you can decide on the best option for you given your available resources and betting preferences.
The mindset and thoughts behind the three key methods are described in detail below:
1: Betting slow and steady singles, winning more than you lose and therefore, predictably profiting over the long term.
2: Betting multiples, accas (accumulators) on high odds selections and waiting for a big pay-out when only risking a small amount.
3: Influencing the odds across worldwide betting markets by the sheer volume of money wagered on different selections. This helps you position your bets with less risk and favourable odds.
1: Concentrating on slow and steady singles betting
The long-term approach is never as attractive as a quick, short and sharp options.
We’re all human and we want things now, the instant gratification within modern life has almost conditioned us to believe that we should be able to get everything quickly and with little effort.
Taking a long-term approach requires a focus on not just the outcome, but the stats and research on each selection before you commit to risking money.
Your bankroll provides the financial backing whereas most of your time is spent on selecting the most appropriate selections, the different betting markets within each match and the research conducted before the event.
2: Using accas and multiples to quickly increase your bankroll
By adding selections to your betting slip, you can quickly leverage your small stake into a much larger return. Your Return on Investment (ROI) would also be pretty good and you could quickly (and if things go well), efficiently increase your returns.
By adding multiple selections to your betting slip, you’re increasing the odds associated with your bet and therefore, decreasing the probability that you will win.
The more results that must go your way require nerves of steel, as each acca translates to a lower proportion of wins for each bet.
Accas are great fun and certainly makes watching live matches more fun. However, the potentially large pay-outs come at a price. There will be far fewer wins when you increase the number of multiple selections on your betting slip.
3: Moving betting markets based on overall betting volume
Everyone wants to be one of those soccer betting millionaires that know how to win big on football bets; you know the type, the high rollers, the international betting syndicates and the sharps that only play the most profitable football bets and know the best sports to bet on to make money.
This type of character moves betting markets with the sheer volume of money. Usually due to large scale or sometimes international betting syndicates, that place money on sporting outcomes.
Sometimes syndicate activity can be spotted when you’re watching real-time odds movements on betting odds portals and you see a significant change within a short period. This usually happens when the amount of money placed on a specific outcome has drastically increased.
It’s unusual for bookmakers to share this type of information, as it would give an insight into the bookmaker’s betting volume, which is sometimes a closely guarded secret.
What about Betting Exchanges?
Betting Exchanges are a little different and they display money exchanged on each sporting event. This helps you understand if your stake would be a large proportion of the existing book (i.e. total money wagered or matched on a specific event), so you can back or lay the outcome.
This is a great way to witness moving betting markets and how correctly placed wagers can effectively manipulate the overall betting markets, particularly within less popular soccer matches with a small book value.
This could be the reason why some bookmakers do not cover less popular sports or small regional leagues, as punters could understand more about a small betting market than the bookmaker.
Is this realistic for you?
Yes. If you’re able to amass a large amount of money, you can emulate betting syndicate control over less popular betting markets, which may help you to find more value. Concentrating on low liquidity betting markets allows you to alter the odds across the entire book.
Unfortunately, this method may not last long as traditional bookmakers have betting limits on unpopular sporting events, which severely limits the amount of money passing through the book.
The first approach is a long-term method and a belief that you will win over the long term (everyone at iwinsoccerbets believes in this method), the second is a belief that you can profit over a short period with a few well selected matches and risk only a small portion of your bankroll. The third approach is focussed on working with many likeminded people to control the odds across a variety of bookmakers.
In my opinion, a change in mindset is the only way for you to, firstly decide on the approach most in tune with your temperament and secondly, decide on the most realistic approach, given your current financial status.
Only you can choose the best betting option for you, but I would urge you to seriously consider the long-term approach, so you can choose the most realistic selections given the available data. Therefore, providing you with sensible betting options, which can help your recreational betting succeed in an uncertain world.
Tags: betting zone
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