I’ve been betting for nearly half a decade, and there are two things I know for sure—there’s always something about betting you don’t know, and the house always wins. Now, before you run away scared, this is good news. Number one means you can always learn. If you’re a rookie, there’s no end to the tips, tricks, and strategies you can pick up. And if you’re already good, you can get better.
Number two is good news, too, because it takes the pressure off betting. Understanding that the house always wins rids you of any illusions of million-dollar windfalls. Rather than try to beat the house, you learn to have fun and make the most of your bankroll. So whether you’re a novice or an expert, here are a few other things I’ve learned betting you may want to know.
Your bookmaker can make or break you
Find a reputable bookmaker before you look into skill, strategy, or budgeting. There are thousands of betting providers, some with better odds than others. But, in truth, if you’re going to trust someone with your money and personal data, it better be someone you can trust.
Your success (or lack thereof) depends significantly on the online betting platform you choose. Reputable providers like Betway offer fair odds and more security, support, and immersion than the average casino. Whether you play online poker or bet on sports, you can always depend on them to offer the best game selection, stats, rewards, tournaments, and user experience.
Never bet money you’re not willing to lose
Remember lesson number two? The house always wins. This, and the fact that online gambling is so unpredictable, is precisely why you should never bet money you cannot afford to lose. This means rent money, school fees, that cash you set aside for groceries, and certainly your savings. If you want to place a bet, it better be because you have some extra money lying around. After all, the chances of losing it are higher than the chances of doubling it.
A budget will save you every time
Even with money, you’re willing to lose, never bet without a budget. This is the easiest way to exhaust your bankroll and spend money you didn’t plan to spend. It could be because online betting is such a high-emotion activity, but when you’re in the middle of a bet with the odds flashing in your face, it’s very easy to blow all your bankroll on one bad bet. So, create a budget and stick to it.
Leave your emotions at the door
Speaking of emotions, learn to keep yours out of the casino. Don’t bet on your favorite team or sport if you know that your passion will cloud your judgment. Betting is a numbers game—you must balance your instincts with what the numbers tell you. And if the numbers are bad, don’t place that bet.
Always know when to walk away
You’ve heard of famous people losing thousands of dollars in a few hours or a single night. That’s what happens when you don’t know when to quit. Everything you’ve set in place—your budget, strategy, roster, etc.—is designed to tell you which bets to place and which to avoid.
If there’s one lesson you should never forget, never chase a winning or losing streak. Walk away when it’s time to walk away.
Lastly, exploit every upper hand
Most betting platforms like Betway offer perks and rewards to incentivize betting. Take advantage of these as much as you can. This includes using free spins and demo games to practice your technique and leveraging bonuses and cash prizes to bolster your bankroll.
Final Thoughts
And there you have it. Keep a level head, create a budget, don’t bet on emotion, and, most importantly, pick a reputable bookmaker or online casino.