Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,168,911 members, 7,872,952 topics. Date: Thursday, 27 June 2024 at 05:13 AM

How Can I Be Successful In Sports Betting? - Sports - Nairaland

Nairaland Forum / Entertainment / Sports / How Can I Be Successful In Sports Betting? (272 Views)

FG Prohibits Exclusivity Rights In Sports Broadcasting / What If I Told You That Zero Loss Bets Were Possible In Sports Betting! / Have Anyone Become Rich Through Sports Betting? (2) (3) (4)

(1) (Reply)

How Can I Be Successful In Sports Betting? by Steveoo042: 10:30am On Mar 27, 2023
Let's consider the hypothetical scenario of a football match between Man City, the current champions, and Southampton, a team with a poor performance history this season. Let's assume Man City has 1.3 odds to win. It's rare for someone to make an intelligent bet that isn't in favor of a Man City win.

Suppose you wager X on Man City to win and they do. You increase your stake by 30% and place more bets. You continue to win, doubling your money after two more successful bets. You may then make another bet, perhaps with the same stake or even more, but this time you lose. Now, you are either back to square one with zero gains or at a net loss.

As you win more money, you're more likely to increase your stake, which ultimately leads to a possibility of losing more money. Being a skilled bettor doesn't matter since the system is designed to make you lose money. Last year, Bet365, the world's largest bookmaker with over 20 million customers, made half a billion in profit, consistently earning high profits annually.

It takes just one or two mistakes for you to lose the equivalent of 3-6 winning bets. The reality is that you're not meant to win, and even if you do, the payout is meager. So why bother experiencing the emotions that come with losing, like trembling and frustration, for just some pocket change?

The most viable solution to this problem is to diversify your sports betting investments. But how can this be done? Peer-to-peer betting is the answer. You can learn how peer to peer betting works from this article: https://www.ubetsports.io/best-sports-betting-blogs/betting-exchanges-peer-to-peer-betting-before-it-was-a-thing

Platforms like UBET (www.ubetsports.io) allow you to be either the bookie or the bettor. As the bookie, known as a liquidity provider, you supply liquidity (stake money) to a betting pool and earn a stake on losing bets or a vig or both. This put you in the position of Bet365. Those huge profits they make you could take a share of that profit when you stake in the liquidity pool of a decentralized sports betting platform.

This method is a low-risk way to profit from sports betting and provides the chance to diversify your investments in sports betting.

(1) (Reply)

How Arsenal Made Tottenham Sack Conte As Manager – Keown / Leicester City Appoint New Manager Until End Of Season (PHOTO) / Manchester City �️ Bayern Munich Highlights

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.