Online Betting

Online Betting

One of the main reasons why bookies are so successful is not only down to the fact that they set their odds slightly in their favour, it's also down to silly mistakes that punters make when online betting - be they real-money bets or when placing free bets that bookies offer.

This includes not thinking straight at the time of clicking that bet button or even not having done sufficient research on the sports betting market before placing the bet.

If you don't 100% understand what your betting on and you haven't researched it thoroughly then don't bet on it. Its not as fun and you're far more likely to lose - even using free bets!

Good Online Betting Techniques

Research your Bet: If your online betting on sport you know little about then it's time to step back and ask yourself if you would benefit from a little research.

Doing sufficient research helps you understand all the various risk involved, you learn from losses a lot better and will probably get more satisfaction when you beat the bookies!

Set a Betting Budget: It's usually a good idea to set yourself a maximum amount of money that you can afford to lose in a month and stop betting online just before you pass it.

Online betting with a set amount of money each month ensures that it never becomes a problem but more like an expense that you expect to encounter each month.

To increase your online betting budget it may be worth considering claiming as many free bets as possible, the latest free bet that Bet365 offer is currently one of the largest at £200.

Bet365 Offer >

  • Register a new account at Bet365
  • Deposit £10 to £200 into it
  • Get a bonus bet of equal value!
Offer Details >

Don't forget to divide your monthly pot into days/weeks so that your certain how much is available for each particular day/week. Another good idea is to set yourself a daily maximum loss figure as this too makes it easier to see if your betting more than you should be.

Set a Daily Win Limit: It's just as easy to to get carried away with a winning streak and believe that you're invincible. So, if you decide on 4 horses at the beginning of the day, leave it at that.

If they all win you're more likely to get greedy and look for more betting opportunities leaving you wide open to betting irrationally and giving some of your winnings back to the bookie!

Take a Break: It can be a good idea to step back, clear your head and evaluate where you stand financially. A series of big wins is a great forerunner to over confidence just as a series of bad losses makes impulsive online betting more likely and in turn further losses likely.

Bad Online Betting Techniques

Betting at Bad Odds: The online betting odds being offered for a particular sports bet can vary massively between even the best bookies we've reviewed by as much as 20%!

If you're not getting the best odds for the bet your making then when you win may only be claiming a fraction of what you could have potentially won if you'd gone to the best bookie.

If you're not getting the best odds for the bet your making then when you win may only be claiming a fraction of what you could have potentially won if you'd gone to the best bookie.

For this reason it sometimes pays to have registered with a variety of bookies so that your able to pick from more odds for your bets - and you get to claim more free bets too!

Chasing Losses: Chasing after your losses is one of the biggest traps that punters fall in to. Everyone has good and bad days but following a bad day it's much more sensible to save your online betting money for when the right opportunities come along.

Losing too much in one day tends to lead to desperate and irrational betting.

Trying to find that one big bet that will get you out of debt very rarely does, and in fact, regularly gets you into even bigger trouble. The best way to combat a heavy loss is to learn from the mistakes and then try recuperating losses via a series of smaller, less riskier bets.

Being Greedy: Being money mad is not a good trait when betting online. As well as not betting too much, it's also pretty important to be realistic when it comes to placing bets.

Online bookies are brilliant at coming up with attractive online betting offers and interesting new markets for us punters to bet on, however, most are only devised to be so complex that it can be hard to determine whether the odds being offered are even any good.

Some of the higher odd's bets like Scorecasts, First Goal Scorer or Correct Score bets are generally poor value. A better approach is to seek out good value bets rather than seeking out something to bet on. It may be a good idea to only go for bigger odds bets for trivial stakes.

Betting too Much: This is a touchy subject for most as the thrill of betting online is the actual element of risk in comparison to the potential windfall. Betting small amounts obviously limits the amount your capable of winning and isn't far off from not betting at all.

The key to online betting is to be prepared for every bet, bet it real-money or free bets, to be a losing bet. This way if the worst happens and you aren't a winner, while you may be disappointed, it won't be as serious an issue as you'd prepared for the loss anyway!