What New Betting Habits Should You Introduce Now Sport Has Returned?
There will be many people out there, who have at some point in their betting life, said that they wanted to make changes to how they bet. Some will have done that, others will have completely forgot about it and carried on doing what they have always done.
This is the perfect time to make changes to your betting. We are on the back of a period in which many people won’t have been placing wagers, and now they are slowly getting back to normal and putting bets on. Also its perfect time to try crypto bookmakers – here you will best crypto currency based bookies 2020.
This is the best possible time to implement a change or two, it is not too often you get a fresh start with gambling as the next bet is often always just around the corner.
So, what new betting habits should you be looking to introduce to your sports betting?
There are two main areas of focus that you should be looking at, and several changes can come from these two things. They are to create a betting spreadsheet and a staking plan to follow.
Create a Betting Spreadsheet
If you want to make any changes to how you bet then the only way to do that is to have historical data which you can use to base your changes on. The only way you have that is with a betting spreadsheet.
Create one and record every bet you place. Make sure you note down the type of bet and stake, the sport and league you have place the bet on and of course when the event has ended, update it as a winner or a loser with a profit or loss figure.
After you have collected enough data, which ideally should be based on a few months betting, you can begin to make changes using the sheet. There is more available on how to make changes using the sheet below. More info about betting spreadsheet you can find in this article – how betting spreadsheet can improve your results.
Create a Staking Plan
Do you have a staking plan and do you stick to it all of the time? If the answer to either or both of these questions is no then you must change your ways and get one started.
Pick a stake that you are comfortable using and implement that as your base stake. There is no need to do anything else at this moment as you can change the stake of your bets in the future based on the changes you are making thanks to the data on your sheet.
However, if you do want to be a better gambler and you do want to see a positive change to your betting then you need to start on the right foot, which is with every bet being the same stake.
Don’t worry about losing streaks, and don’t increase stakes after a winner to try and win more. This is a long process and if you have enough discipline and you are a knowledgeable gambler then things will all work out in the end for you by following this plan.
Use Your Spreadsheet to Implement Changes
After you have enough data on your sheet, it is time to use it to make changes. You need to decide how you are going to approach this, are you going to be ruthless and cut out certain aspects of your gambling overall like a professional gambler would, or are you just going to cut stakes so you can enjoy betting on every sport you currently do?
If you are going to cut sports out then you need to look at the sports you are betting on and see where you are making money and where you are losing it.
For example, you may make a profit on a few European football leagues when you place bets, but the bets you place on Serie A usually result in losers and you are losing money on that league. Cutting out your bets on Serie A will instantly improve your profit if things stay the same as you are cutting out bets that are hurting your profit.
If you enjoy betting on everything and this is a fun pastime for you then you may want to keep betting on everything, even if some sports and leagues are causing you to lose money. In this instance, you should use your staking plan to make changes, rather than cutting things out completely.
This is a way to limit losses while also potentially boosting your winnings on other sports even further by adding extra stake to those bets.
Make Changes to Your Staking Plan
As an example, let’s say that you bet on six different leagues and you want to keep betting on them all as you like to watch the games and enjoy it.
Two of the leagues are profitable, two are even and two are leagues where you lose money.
You currently have a set staking plan where each bet has a level stake, let’s say for this example that you are staking 1 point on everything.
To keep your overall stakes the same, to keep betting on all six leagues but improve your profit, you need to cut down the stakes on your two losing leagues and increase them by the same amount on the two profitable leagues.
The two leagues you lose on will drop down to stakes of 0.5 instead of 1 point. The two leagues you are even on remain the same and the two leagues you are making a profit on go up by the same stake you have taken off the worst two. This puts their unit stake at 1.5 per bet.
If this works and your profit and loss for each league remains the same then you will still have the same fun from your betting because you are betting on all six leagues, but you will make a lot more profit.
You should find yourself with 50% more profit from the two profitable leagues and 50% fewer losses from the two leagues you lose money on. This is a double-win for you as a punter, and how to improve your betting by sticking to a staking plan and betting on everything you want to bet on.
If you want find more articles about sport betting strategies, check out our betting strategies category.