At first glance, betting seems rather simple. You go to a kiosk, say the name of the team, dog or horse that you think will win and wait for the outcome. And it is supposed to be like that, beginners should know how it works right from the get-go and the concept needs to be simple. However, as you delve deeper into all the possible bets and circumstances, your head starts to hurt and tell yourself that it is more fun to keep it simple. This is why betting is actually hard, as it takes time and energy to unravel all the factors and then place your bet. Here we will go over some reasons why betting is harder than a lot of us think.
Understanding how it works
In order to understand how it works, you need to learn from experience, which can be costly. Luckily if you bet with bet 365, or other online sportsbooks with welcome bonuses, you can reduce these costs. Basically, your first step as a beginner is to be on a lookout for as many online platforms as possible where you are eligible to place your bets. A lot of providers offer generous welcome bonuses, and these are really the safest approaches to make money, in a way, from betting.
Whenever you place a bet a portion of those funds will always go to the bookie, 10% in most cases. In other words, you never win a full amount as the bookie will always get a slice of your funds.
Reducing the luck factor as much as possible
Now it is time to take deep dive into all of the possible bets and to examine the possible outcomes. You should also make sure to inform yourself how certain bets are handled in the case of unforeseen events. It is for the best to place bets unbiased, and really take a deep dive into the recent history of competitors. That way you can weigh your own factors against those presented by the sportsbook. Also, do not just think within the lines who will win or lose or if it will be a tie.
Think about other bets you can place that might be more certain, like the number of points scored in general, etc. It is this type of analysis that makes betting really hard because when you are this much invested, the loss hits you way harder, but the victory also tastes so much sweeter, because you know it wasn’t just luck that you won.
Another difficult part of betting is showing restraint, especially if you are on a losing streak. Our impulses get the better of us and we just want a single win before we call it a day. So we start betting on random games, unknown matchups, and even slot machines, thinking that we are bound to get lucky at one point. Remember that you always have agency and that it is because of that the betting is fun if you place it all on luck that is when you start truly losing.