Betting is a hobby enjoyed by a large number of individuals up and down the country. If you’re looking to get started, you’ve made a great decision.
However, there are certain facts that every new bettor should know before placing their first few bets. Let’s check them out below.
1. Matched betting is incredibly popular
If you’ve not heard of matched betting, you’re missing out. This process is incredibly popular in 2020. Punters throughout the UK and further afield are using this strategy to make money online.
It works by taking advantage of bookmakers free bets and other promotions. You can make up to £1000 risk-free with this strategy so it’s worth considering.
If you’re new to the whole matched betting scene, I recommend you sign up with a site like OddsMonkey. They provide an end to end service where you can follow their exact steps. They have hundreds of tutorials ensuring every question is answered.
They even provide 1-to-1 training which is brilliant for those who are unsure of what to do and how to place bets.
All in all, matched betting is certainly worth considering if you’re new to betting in 2020.
2. There’s a huge range of sign up offers
I probably don’t need to tell you that there’s a huge range of different signup offers and promotions you can take advantage of as a new customer.
Most modern online bookmakers offer new punters free bets, odds boosts or other kinds of promotions to incentivise new customers to register.
Here’s a great example from Betdaq, one of the most popular betting exchanges in the industry.
We should treat these offers like any other bet, and aim to maximise our value from them.
There are two ways we can take advantage of these offers. We can use them on well-researched bets that have a good chance of winning. Or we can use matched betting to guarantee ourselves a profit (more on this later).
3. You’re not always going to win
You probably don’t need me to tell you but you’re not always going to win with betting.
No matter what betting strategy you use, there are going to be times when you continue to lose. During these periods it’s important not to lose your head.
Stick to your gameplan and tactics whatever they may be, have faith in the research you’ve done, and you’ll be back on to a winning streak in no time.
And never bet more than you can afford to lose. This is a sure-fire way to end up in debt and can often lead to problem gambling where you start chasing your losses.
Whilst the aim is always to win with betting, you’re staking money on live sport at the end of the day and anything can happen.
4. It’s vital to do your research
Whilst it’s important to understand you’re not going to win all the time, it’s also important to know that you won’t win any bets without research.
Without it, you might as well flip a coin to choose who to bet on.
Research is one of our key tips to success with sports betting and we discuss it in many different articles throughout our website. It’s that important!
In short, the more research and information you find out, the better. It allows you to place more informed bets which in turn should lead to more profitable bets in the long run.
Research is the key ingredient you need to guarantee consistent profit.
5. Bookmakers are closing accounts quicker than ever
It’s a fact that bookmakers are closing accounts quicker than ever in 2020. If a bookie isn’t making money from a customer, they’re likely to gub or restrict their account to help their bottom line.
Here’s a typical email you might receive if your account is closed or restricted:
Whilst this is annoying for punters, you can understand where the bookmakers are coming from. They’re running a business at the end of the day and they want to maximise their profit.
In all likelihood, it will happen to you at some point. However, there are a few things we can do to keep our accounts open for as long as possible.
For more information, you can read about gubbing here.
Last word – facts every new bettor should know
Whilst this is only a small list of facts that you should know about when getting started, the things mentioned above will certainly help you out.
To recap here are our top 5 facts every bettor should know when getting started:
- Matched betting is incredibly popular
- There’s a huge range of signup offers
- You’re not always going to win
- It’s vital to do your research
- Bookmakers are closing accounts quicker than ever
What’s the most important fact you wish you knew when getting started with sports betting? Let me know by leaving a comment below right now.