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Epelna.lv’s best offer for earning quick money is sports betting bonuses, so today we’ll take a look at the most important things if you want to make money from sports betting.
In case you didn’t know, I would like to remind you that everyone has the opportunity to win €203 in risk-free bets at sports betting shops licensed in Latvia.
A risk-free bet means that you can place bets on a sports betting machine completely risk-free. For example, the sports betting site 11.lv offers 3 risk-free bets of €11. You can place 3 bets of €11 on different sporting events and if they are correct, you will receive your winnings and be able to withdraw the money to your bank account. But if any of these bets lose, you will receive a refund of €11 in your account immediately after the sporting event. You can also withdraw this money immediately to your bank account.
Check out all the risk-free rates available in Latvia in this article:
Totalizator Bonuses and Free Bets Available in Latvia
Let’s take the bull by the horns and take a look at 7 tips to help you make money in sports betting.
Get to know the teams or players you are betting on
Get to know the teams or players, learn about their strengths and weaknesses, look at their recent results and draw objective conclusions. Also pay special attention to details, for example in football check the list of players entered for the game – the biggest star might not play today, which is why the odds are so high for this team. In tennis, find out if the surface is the most comfortable for the player you are betting on. Maybe this player has just returned to the tennis courts after an injury and is not yet 100%. There are a lot of statistics available for each sport, which we would like you to familiarise yourself with, at least superficially, so that you can make more logical and intelligent bets.
Place bets on motivated teams or players
In sport, teams or players often don’t give their all, but in other games they play much better than expected, especially in high-stakes games (need points or a win, threat of elimination, etc.). So before betting on sporting events, find out how important the game is to the team or player. If a team has already secured its place in the Play-off zone, it can relax a bit and save its strength for the Play-offs. But football teams at the bottom of the table, for example, can be braced to avoid relegation. Another motivating factor for both teams and individuals is the desire for revenge for a previous loss.
Don’t chase losing sports bets
If you’ve ever gambled, you’ll know the unpleasant feeling of losing money and wanting it back at all costs. This is perhaps the biggest stumbling block that keeps many sports bettors away from profit.
You should avoid at all costs putting larger amounts into play to make up for lost money.
Instead, you should investigate why you are losing and reduce the amount you bet until you are back on the winning track. Every bettor will have lucky and unlucky turns, but only those who can control themselves when the luck turns will be the winners in the end.
Bet on sports with your head, not your heart
Another of the biggest stumbling blocks in the world of sports betting is placing unjustified bets on teams that are close to you. Of course, everyone would like to bet that Dinamo Riga will win every game, but as we all know, that is far from the truth.
You need to be able to keep a cool head when making sports bets. Don’t bet on a team or player just because you like it. You should make your bets with your head, based on statistics and past results. This is the only way you will be able to make money from sports betting in the long term.
Value bets – find low-risk, high-return bets
If you want to make money in the long term with sports betting, you will need to learn how to find bets with high added value. This means you will need to learn how to determine the fair value of your bets. For example, if your subjective opinion of Arsenal’s next game in the English Premier League is that Arsenal should win at odds of 1.30, but the odds available at sports betting shops are 1.50, then this would be a value bet. In this case, the risk-benefit ratio is on your side, making this a worthwhile bet.
Make bets against public opinion
Some teams and athletes have a very large social following. For example, English Premier League clubs Chelsea and Manchester United. You can often find very good value betting odds when betting against these teams, as most bookmakers will adjust their odds to the amounts of money wagered on these teams. This means that the non-favourite rate will be higher than it should be, which you can use to your advantage.
Pay attention to injuries
In both team and individual sports, injuries are not uncommon. You should keep an eye on the players’ physical abilities, but you shouldn’t give them a decisive role. Can’t Barcelona win in La Liga without Lionel Messi? Of course it can, because Messi will be replaced by another high-class player and all the other 10 members of Messi’s team will remain on the pitch. In tennis, is a player who requests a medical time-out written off and doomed to lose? Absolutely not! Players often surprise their opponents after these breaks.
Most people tend to overreact to injuries, so it’s also possible to make valuable bets at this point.
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