To decide how much money you are going to bet you have to look at multiple factors that help you decide the final amount you will place on the match.
- Your total amount of money
- The risk factor of the game
- The odds
We will talk about these points 1 by 1 and explain what affects how much money you put on the match and why this plays a role in your betting.
Your total amount of money
This is an important step that everyone should do but is still different for every better out there. First take your total amount of money that you are willing to invest into betting. Lets say we have 200$ to bet with. Now we have to split it up in 4 categories (or more)
- High Bet
- Medium Bet
- Low Bet
- Underdog Bet
As you can see there is no “All In” bet in this list, why? Because you never all in on a game because the risk vs reward doesn’t pay out in the long run. This is something you should always consider when you bet. Something might work out on the short term but if you want to keep a steady profit over a longer period of time you have to come with an efficient strategy that covers your losses when things aren’t going your way.
The High Bet: A bet that you put on a game where there is slightly to no risk at all of losing your bet. You want to place an amount between 5% to 15% of your total amount here so for me this would be a 20$ bet. When you bet high you are almost 100% sure that your team cannot lose the match and that even with that the odds still payout nicely enough to bet on this team.
The Medium Bet: This bet is very effective when the odds don’t represent the actual chance of a team winning. Let’s say a team is playing a 50/50 game but they have 1.8 odds. This would be a perfect risk medium bet to earn a large profit with a little game of chance. A medium bet is between 1% to 5% of your total amount of cash so i would be betting 5$ here.
The Low Bet: This bet is when you are going into the more dangerous games where you are not sure who will take the win but you also don’t want to skip the game. The low bet is 1% of your total amount so 1$ for me and would be placed on games where you think a team has a chance of losing but is not out of the match before it’s played. It’s also a very good amount to bet on teams that do not have the odds that represent their win chance
The Underdog Bet: The bet you want to put on teams that have a very low chance of winning but offer a huge payout because of their incredible high odds. Before the match you can already tell that one of the teams has a super clear advantage and will most likely win but this bet is great if you think that even the slightest chance exists that this high odds team can win. Here you can bet a small 0.50$ and come out with 5$ if you picked the right game.
The risk factor of the game
Make sure the amount you want to bet represents the risk of this match. You don’t want to put a high bet on a 50/50 game because there is no way you can keep winning all of them without ever losing a large sum of your total amount. If the odds don’t represent the actual chances of a team then the risk vs reward is perfect for a low bet here. The other way around you are taking to much risk and it would be better to skip the match or put a bet according to the risk factor.
a High bet is if you are sure this team will take the game, we are speaking of 90% to a 100% chance
a Medium bet is for games that you have a clear favorite but that can still end up very close 70% to 90%
a Low bet is for the higher risk games that only has a slight to no advantage but you still have a team you think will win. Usually 50% to 70%
Anything under these percentage would mean you have to look if the odds are correct and if they are not placing an underdog bet is the best option for you if you want to keep a steady profit margin over a longer time.
This brings us to the last point. But also the most important one.
The odds decide how much profit you make for how much you are risking. If the odds do not pay enough for their risk then skip this game or bet on the other team (if the odds are bad for one team that automaticly means the odds are good for the other team). In the end we are only predicting games and we do not have the answers. This means that it will always be a game of chance and the best way to win the game of chance is by knowing when the chance pays for the risk.
This is how you keep a steady profit over the long time. Place bets that you are confident with and did a good research for. Make sure the odds represent the teams chance of winning or even better have higher odds than they are supposed to have. And remember to never All In if you want to make money in the long run.