Sports betting can be a hobby, but for some it is a full-time career. But any kind of bettor experiences many different types of betting risks. In this article, let’s discuss the different risks in trading and how you can manage them.
In using a sportsbook aggregator like the new and improved VOdds sports trading platform, it is important to take note of these things:
1. Set a spending limit
Make sure that you are only betting based on your bank roll or the money that you can afford to lose. Sports betting on your favourite leagues can be addicting especially towards the finals, but you have to make sure that you are still within your budget to avoid falling into the downward spiral of chasing your losses until you go negative.
2. Monitor your wallets
With many sporting events around the world, it is really exciting to bet on all of them especially when you really have a passion for it. However, it is way better to use a sports trading platform like VOdds so you can bet on all football, basketball, and tennis matches with multiple bookmakers. With this, you can see all of your transactions in one wallet so you can manage your money easily.
3. Have a fool-proof strategy
It’s easy to watch many different sports, but in sports betting, it is important to be knowledgeable with the sport of your choice. Don’t just bet on sports and leagues that you are not familiar with. Aside from doing your research, it is crucial to create your own betting strategy that can guarantee profit.
4. Choose your bookies
Another thing to take into consideration is the bookmakers that you are going to use for your next bets. Not all sports betting websites out there are great, so you really have to classify which ones have the best odds and ones that do not cancel or void bets. With VOdds, you can make sure that our partner bookies are safe and legit, with years of experience to ensure that our customers are well-taken care of.
It is also helpful to maximize different betting promotions to increase your profit. For VOdds new customers, we have several welcome bonuses such as the €/£200 extended welcome bonus for major football leagues
Here are some updates on the void rates of our partner bookmakers:
Our partner bookmakers Matchbook, PIN88, ISN, Betfair, GA288, Penta88, Broker 1, and Broker 2 do not have any history of tagging bets as void or abnormal.
Meanwhile, Singbet (formerly Crown) has increased a lot on their void selection for in-running bets.
WLG on the other hand has shown some decrease in their void rate for both pre-game and in-running bets.
And for SBOBET, even though it remains on the high-risk level classification, it significantly decreased in tagging abnormal bets for all types of bets.
Information from this blog article is based on the recent month’s data and accurate as of 18 November 2021.