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Bankroll Management Sports Betting VOdds Trading Resources

The Importance of Bankroll Management in Sports Betting | VOdds

Why is bankroll management so important?

Remaining disciplined and effectively managing your betting bankroll is a key component towards the success and sustainability of any bettor.

Once you’ve found a value selection and are keen to go ahead with your bet, knowing how much to bet is vital, for this is hugely important in gambling responsibly so you have a clear idea of what you’re willing to risk. After all, you don’t want to bet beyond your means and risk losing money that needs to be allocated for other aspects of your life.

Effectively managing your bankroll subsequently allows you to gain some control in your wagering, so you don’t fall into bad habits like chasing your losses and overstaking. Moreover, you’ll also find you’ll be able to handle losses and exercise better judgement in your selections.

Bankroll Management Sports Betting Courtesy of Stake HuntersCourtesy of Stake Hunters

When starting out, it’s a good idea to start with a bankroll of somewhere between 100 and 50 units and only bet in small amounts (between 1% and 2% of your bankroll) as you learn the ins and outs and familiarise yourself with bankroll management.

Read: How to find value in sports betting?

Delving deeper into staking strategies, and these can essentially be divided into two categories – fixed and variable. Fixed plans are the simplest to understand, which makes them best for beginners. These typically fall into level and percentage staking, with level meaning you stake the same amount on each bet and percentage staking seeing you bet the same set amount of your current bankroll for each wager.

Bankroll Management Sports Betting Courtesy of PinnacleCourtesy of Pinnacle

Moving onto variable methods and these are more complicated, with them adhering to certain parameters like confidence level and potential return. One high profile system that gets differing reviews, but has its merits, is the Kelly Criterion. This formula basically encourages you to bet more depending on how great the value is, but it’s up to the bettor to accurately determine outcomes.

Bankroll Management Sports Betting Courtesy of Betfair Trading Mind GamesCourtesy of Betfair Trading Mind Games

Seeing as the Kelly method has seen many amendments over time, the Fractional Kelly approach is considered a sound choice, where you only bet a fraction of the recommended bet. Despite inherently reducing your potential winnings, evidence has suggested that this is a strong long term option, as it takes into account the odds on offer, the probability of your selection bearing fruit and the subsequent value identified while not using a large portion of your bankroll.

Read: How Asian handicap works in basketball?

While the principles of having a staking plan are one thing, sticking to them can be a challenge. But if you are disciplined, understand the significance of bankroll management and stay in control, you’ll find betting much less stressful and enjoy it much more. And crucially enhance your chances of winning.

Put your new-found bankroll management skill to test. Log in to VOdds, or register if you don’t have an account yet.

Finding Value in Sports Betting VOdds Trading Resources

Finding Value in Sports Betting | VOdds Trading Resources

How to find value in sports betting?

Finding, recognising and understanding value in sports betting is an integral component towards finding success.

While it can be quite the challenge to find value due to the betting companies possessing so many tools and methods to give them an egde, there’s still ways to even the playing field.

Defining a value pick is basically where the chance of an event occurring is greater than the odds attached to it. Inherently, finding value is easier said than done, especially in sports where many factors can impact the outcome of matches, but if you do your research, have a fantastic knowledge of whatever you’re betting on and develop your value spotting capacity you’ll be on your way to making profit.

Courtesy of Football Data

Courtesy of Football Data

This will often lead you down the path of how useful backing underdogs can be, as these less fancied teams or players can often be underrated for their potential for victory. So if the conditions are in place where an upset appears on the cards, and it represents value, you should have faith in your selection and back yourself.

READ: Sports Betting Mistakes to AvoidAdvantages of using a Sportsbooks Aggregator.

Moreover, if you specialise in a certain sport, your ability to spot this type of value, and value in general, will obviously enhance, thus increasing your chances of winning. Having a sound knowledge of lower leagues and lesser known markets can therefore hold you in good stead to spot some value, as certain details may not be taken into account by some bookies.

Courtesy of Rebel BettingCourtesy of Rebel Betting

One tactic that’s very beneficial but extremely time consuming can be to look at the upcoming matches of your chosen sport and formulate your own odds on selections that appeal to you and see how they stack up against the bookmakers’ odds. This then gives you an idea of what you’d be prepared to bet on and if you think it has a strong probability of occurring. You can then refer back to the given odds and see if any value is present. It’s then worthwhile to review and analyse your results to see what conclusions to draw that could potentially end up helping you in the long run.

Courtesy of Football Data 2

Courtesy of Football Data

Although this seems like a draining exercise, there’s no doubting what a useful tool this can be for you if you’re willing to dedicate time and effort into doing it right.

Seeing as obtaining value is a key foundation towards determining if you’ll be a successful bettor, it’s an area that should always be explored if you’re serious about being profitable. While it may seem daunting in the beginning, if you’re patient, persistent, have confidence in yourself, don’t get deterred by losses and do your due diligence, there’s every reason to suggest you’ll be a competent value finder before too long.

Put your new-found betting skill to test. Log in to VOdds, or register if you don’t have an account yet.

Benefits of Using a Betting Spreadsheet

Benefits of Using a Betting Spreadsheet | VOdds Trading Resources

Why use a Betting Spreadsheet?

Keeping records of all your bets is always a good idea so you can closely monitor your wins and losses, plus to identify any trends that may eventuate over time. This consequently allows you to recognise where your strengths lie and where improvement is needed.

While it can appear over the top and unnecessary to record every single bet on a spreadsheet to many, the positives attached to this can be huge if you’re diligent and serious about being successful.

Recording your bets also gives you an idea of what your overall win percentage is and presents you with the information you need in terms of managing your bankroll and sticking to your principles. Seeing as losing track of your wagers can often lead you down the path of betting more than you should be, entering everything on your spreadsheet prevents you from losing discipline and falling into bad habits.

VOdds Benefits of Using a Betting Spreadsheet 1

Another crucial element this gives you is that you can properly analyse your bets in an easily readable format, thus meaning you can see what type of bet you placed, on what sport, at what odds and even gives you scope to note down the reason behind your selection. This subsequently allows you to evaluate regularly how you’re going and notice if you need to make any adjustments to any aspects of your selections.

Read: Sports Betting Mistakes to Avoid. Advantages of using a Sportsbooks Aggregator.

Gaining vital conclusions can be very important towards your success in the long run, so you can recalibrate your selections and avoid repeatedly making mistakes. To give further detail to your spreadsheet, you can even write down factors why you lost or won certain bets, as you never know when this information could come in handy in the future.

VOdds Benefits of Using a Betting Spreadsheet 2

Once you’ve gotten into the groove and have a strong sample size to look at, this is when you should really begin to see the benefits of your recordkeeping and how successful you are. One excellent metric to use for measuring how you’re travelling is looking at your return on investment, which will alert you to the percentage of return you are winning on the amount you are betting.

Maintaining your honesty is an additional thing you need to consider, for it’s no use omitting bad losses from your spreadsheet to make your overall figures look better, as this defeats the purpose of using this tool efficiently.

All in all, if you’re serious about winning, astute at spotting patterns and dedicated to persistently updating your records, there’s every reason to suggest using a spreadsheet will enable you to gain an edge on your way to becoming a successful bettor.

Put your new-found betting skill to test. Log in to VOdds, or register if you don’t have an account yet. Go trade with VOdds now.

Things to look for in a good bookie | VOdds Trading Resources

What are the things to look for in a good bookmaker? 

Choosing a bookmaker is an important thing to consider before you begin your adventure in the world of betting, so it’s vital to undertake your due diligence before settling on your chosen provider.

With so many outlets fighting for your business, it’s unquestionably an extremely competitive arena, which can definitely work in punters’ favour. On the other hand, however, this can also make finding the right one for you quite a challenging proposition. Therefore, knowing what you’re after in your bookmaker is a good place to start, as some are more suitable than others depending on what sports you’re betting on.

Looking at things like independent betting reviews, rankings, betting blogs and even asking questions are all good ways to get the ball rolling nicely. Then you’ll want to start asking some questions like what markets are on offer and how detailed are your options within these? What special offers or programs are available? Is their help network user-friendly? Are there any restrictions on withdrawal and deposit options? And obviously which ones are the most trustworthy and reliable?

Things to look for in a good bookie SBOBET interfaceSBOBET interface

With many providing some really cool features like live streaming on specific events, vast in-play staking options, early cash out options, money back specials and various promotions, doing your research is vital to have your demands met.

As you begin to explore the many bookmakers on offer, you’ll quickly begin to narrow down some potential outlets that fit the bill for you. But before signing up, it’s always a decent idea to check out how the website interfaces are and which ones are the simplest and most efficient to use if possible. After all, having a platform that has an easy to use bet slip, is smooth to navigate and performs without fuss is always a plus.

Things to look for in a good bookie SBOBET BetslipSBOBET Betslip

With so many bonus bets and reward programs on offer when you sign up, choosing the right one can be tough, so before locking into anything just make sure to read the terms and conditions of these so you don’t lose out and pick the wrong option for you.

Checking some other factors like who has the most attractive odds, how quickly they pay out, and taking note if any extra fees exist should round out finalising your analysis of who to choose.

Things to look for in a good bookie SBOBET DetailsSBOBET Details

If there is, however, more than one bookmaker you’re interested in and for example you like what Pinnacle Sports, Sbobet and Maxbet are all bringing to the table, it’s actually a sound idea to create accounts with more than one outlet, as this can ensure you can get the best of what you’re looking for.

While it appears like an easy choice on the surface, undertaking some research into which bookmaker to choose is a crucial part of the process in determining what’s right for you, so you’re completely aware of everything you need to know before getting started.

Put your new-found sports trading knowledge to test. Log in to VOdds, or register if you don’t have an account yet.

Your Expert Strategies to Basketball Betting

In basketball betting, or betting in general, consistency is the key to winning and earning tons of money. Apart from this, having a strategy and following it consistently are the first lessons on a successful bettor’s handbook. While it’s never easy to find a strategy that will always suit you, following some expert tips just might be the best step in order for you to eventually create your own tactics.

In this article, VOdds will go over some basketball strategies you can apply when you bet on your favourites.

Be a neutral bettor. Everyone has their biases and favourite teams, but that doesn’t mean you should immediately bet on them even if the odds aren’t in their favour. Don’t let your emotions and biases get in the way of a better judgment or risk making a mistake. It’s important to take note that successful bettors think clearly and make decisions based on solid and accurate information.

Pay attention to details. Before placing a bet, take into consideration the players included in the lineup or a team’s records. You have to make sure that a team’s key player is starting because there’s nothing frustrating than placing a bet early only to find out that a star player in unavailable or doubtful. It’s also important to take note that sometimes, there is power in the underdogs.

You have to carefully assess both the favourites and the underdogs to make a good decision and perfect way to keep updates on them is to follow previews on them. Moreover, you should also keep a watchful eye on turnovers and points scored. Points win the game and a high percentage of turnover means you have the advantage when betting. Some bettors tend to overlook these factors which could cause some risks or mistakes on your bets.

Observe, but don’t rely on the trends. Though trends are informative and are sometimes worth analysing, what happened in the past doesn’t necessarily mean that the same thing could happen or influence today or the future. Although there are cases where some teams dominate the league, that won’t always be the case. So it’s a good thing to observe and make decisions based on a clear, rational head, and accurate information. 

Look for bookmakers’ value bets. Bookies are really good at analysing and defining odds. However, there are times they provide weak lines especially when there are a lot of scheduled matches. You don’t have to bet on every game though, which means you have the chance to choose a valuable game you can bet on to your advantage. You can check out the best online sports odds available in the basketball betting market on the VOdds platform.

Be disciplined. Stick to your strategies, or better yet, master a strategy that works for you and create much better ones. There are inevitable failures in betting but it doesn’t have to discourage you. When you fail, use these failures as a way for you to keep going and do better.

Check out VOdds and place your bets on the best odds and prices on your favourite basketball teams, or register if you don’t have an account yet.