Sports Bettors – Ask Yourself Some Questions
A lot of football bettors have never asked themselves the most important question before wagering. They just started to bet without knowing:
What do I want from betting on football?
This question is largely ignored by sports bettors. It is a simple question with no hidden meaning or tricks, yet for most it is not realistically answered. This question usually goes unasked and unanswered for most sports bettors. When it does get asked, more often than not the first response will be, “I want to win.” This is the obvious answer, but it is not exactly what we mean.
Are you looking to supplement your income?
Are you looking to bet as a profession?
Are you looking for a challenge?
Are you looking to make a little extra cash to buy a trip or a new car?
Are you looking for entertainment?
What are the specific reasons you bet on football? Write them down. Look at the reasons. Only you can answer this question for yourself. Most people would give the response that it is a combination of the above reasons. Yet when we talk to people throughout the season, very few have a plan to attain their goal. Even fewer have a specific plan or goal with which to work. To really be successful in sports betting, it is extremely important to have a goal. Many handicappers write about money management, but few ever discuss setting up a plan of attack or setting up specific goals to attain.
Preparation is the key to having a profitable football season. Part of this preparation involves setting goals. In talking to a lot of sports bettors every year, we are amazed at the amount of people that have no idea what they are trying to accomplish in betting. Most people fail in sports betting because they fail to set realistic expectations and determine a plan for attaining those expectations.
Picking winners is hard, but betting winners is even harder. If you have a plan and a goal, this mechanism of sports betting is made easier. There are many different approaches to betting football.
Setting a realistic goal based on realistic expectations is something most handicappers don’t do. If you set your realistic expectations and goals before the season, you will avoid a lot of frustration and disappointment throughout the season. It will be easier to avoid the week-to-week mentality that kills so many novice sports bettors. Approach the season as a long-term endeavor and expect tremendous deviation from week-to-week.
Do not expect to make £35,000 with a bankroll of £1000. Avoid this pitfall by defining and allocating an appropriate bankroll. A bankroll is money that you have set aside for your sports betting. Like any investment, this should be money that you can afford to lose without affecting your lifestyle. A bankroll shouldn’t be money that you would use for something else. A fully funded bankroll should be at least 40 times your average unit of play. So if you want to bet £10 per bet your bankroll size should be at least £400. Having a funded bankroll of at least 40 units alleviates much of the pressure when the ball bounces the other way and you drop a few in a row or suffer through a losing streak.
To determine your goals for the season, here is a step-by-step process that will help:
1. Honestly explore the reasons as to why you bet on sports
2. Set up specific and realistic goals to accomplish based on the above reasons
3. Define and allocate a fully funded bankroll
4. Determine what approaches to actual handicapping you are going to incorporate
5. Determine approximately the volume of plays you are going to make
6. Based on your previous experiences, determine a realistic predicted outcome
7. Review your goals based upon your projected results
8. Get access to at least 10 different betting bookmakers (we recommend Bet365 and
— William Hill as they offer very good odds and great bonuses)
9. Stay with the plan
10. Keep meticulous records (all new subscribers can download our free excel sheet)
If you follow these suggestions the only thing left to do is to pick winners. Good luck throughout the upcoming football season.
Daniel Huppertz
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