Betting 101: 3 Things You Need to Have to Survive in the Betting World

Can you answer this quick question: How did you learn how to place bets? Whether you’re new to betting or you’re a veteran in the game, how did you know about odds, the different betting markets available and all?

Most likely, your answer is that one friend either mentioned betting or took you to a bet shop to see things for yourself. Then you followed suit, placing bets, making mistakes and correcting them as you went along on your betting journey.

While we don’t doubt what you’ve learnt or what you’re learning, we’d like to introduce to you a couple of vital things you may have missed. Here are 3 things you need to have to survive in the betting world.

1. Persistence

One way to ensure your survival in the betting world is to make as much money from it as you can. And one of the several ways you can achieve this is to maintain a certain level of persistence.

You can’t afford to give up after trying a few times and things didn’t go your way. The only way you can ensure that you get something out after making that deposit into your bet account is to keep trying. Try different markets. Try different sports.

Your persistence will help you to eventually find out what works for you.

2. Recognizing your limits

One of the best things that can happen to you as a bettor is identifying your limits and not going beyond them. What does this mean?

It means being able to spend only what you can afford to lose. While betting presents a great way to make a lot of money, you can also lose it all in split seconds. To survive in the world of betting, you only stake what you can afford to lose.

3. Be intentional

If you’re going to make anything out of your betting investments, you need to quit guessing and put in the hard work that will fetch you that extra cash.

When we say put in the hard work what we mean is this, you need to look up the stats, check out the form, and compare figures before backing a team or an event to happen. This may not work 100% of the time but it will save you the agony of making more deposits than withdrawals into your bet account.

And in the end, what matters is how much you make, not how much you invested.

Now that you have learnt something new today, be sure to make use of these tips whenever you can. You can also look forward to more useful betting tips on this website.

Finally, in addition to the first question asked in this blog post, we’d like to know how you, as a bettor, have survived in the betting world. What are the strategies you have been using? Are they any different from what has been mentioned here?

Leave us a comment and share your thoughts with us. You never know who your comments will epp.