Tips for Winning
How To Improve As A Gambler
Success at online gambling is less about luck and more about how you think and act as a gambler. If you want to improve as a gambler, you’re going to have to take a cold hard look at how you approach online betting in 2023. In this guide we’ll show you exactly what you need to do, in order to manage your bankroll and minimise your losses at today’s online bookies.
Understand The True Value Of Odds
If you don’t understand odds then you should really make this your first goal. The odds offered at bookmakers are what making money hinges on. Don’t even think about making a bet before you’ve got to grips with them.
When you hear the term “true odds” touted around (as you no doubt will from time to time) we’re talking about fixed statistical probability. So, to give a very simple example:
- When you toss a coin you have two possible outcomes, either the coin will land head side up, or it will land tails.
- The true odds of this happening are 50/50 or 1:1. So you know if you get offered these odds they’re true.
- But if a bookmaker offers anything other than these exact odds on this bet then those aren’t true odds.
Understand?
Knowing, or having a rough idea of what the true odds of something are will help you determine whether the odds a bookmaker is offering are a good deal. If they’re way below true odds then you stand to lose money. Understanding true odds will help you recognise when a bet is worth taking.
Money Management And Budget Setting
The idea of giving yourself a budget to gamble with might sound contradictory (not to mention dull), but trust us, all experienced gamblers have got bankroll management down to a fine art. Keeping a tight grip on your bets, setting deposit limits (and sticking to them) and giving yourself a daily, weekly or monthly budget to bet with are what make a great online gambler.
If you’re not in control of your finances when you gamble online you risk losing more money than you can afford, starting down a slippery slope to gambling on credit, or borrowing from friends. Nothing will help if you still haven’t learned how to manage your bankroll effectively.
Before you start blowing cash up the wall like you’re Kanye, set out a quick strategy for how much you can comfortably afford to stake in online gambling each day, month or week. Make sure you stick to the limits you’veset for yourself. If your willpower fails you now, it’s only a matter of time before your innocent gambling pastime becomes a sticky gambling problem.
Make Goals To Aim For
Think about most things you approach in life, you do it for a reason right? Online gambling is no exception. The reason you’re doing it is to make money, plain and simple. No one online is betting to lose, where’s the fun (or the sense) in that? But making money is the bigger picture, the end goal. Before you can achieve that end goal you need to set yourself smaller, step-by-step, goals that will get you to the finish line.
When you set your online betting goals, here’s a couple of things to have in the back of your mind:
- Don’t over complicate your goals. Keep each one simple and to the point.
- Set targets you know are achievable. Start small and progressively make your goals more ambitious.
- Don’t take on more than one goal at a time. Treat your goals as a “to do” list. Once you’ve achieved one, cross it off and move to the next one.
- Give yourself a deadline. Goals are pointless if you don’t have a time frame to complete them. So put a date beside each goal you make.