Betting Lesson Learned

Every type you place a bet, win or lose there is a betting lesson learned. In my post Common Questions About Online Betting I mentioned how I placed a bet on the Australia vs Netherlands that was played in the early hours of this morning. I knew it would be a bloody miracle for the Socceroos to beat the Netherlands but I took the long shot because of the special deal offered by Sportingbet. (Their World Cup microsite offers heaps of latest World Cup news) I didn’t stay up for that game but I did catch the highlights first thing in the morning. Even though Australia lost to the Netherlands 2-3 it looked like a thrilling game. As far as I’m concerned the Socceroos did us proud. Netherlands were the ones who beat Spain, who just happened to be the last World Cup winners, 5-1. Again, I watched part of that game and Netherlands were nothing short of spectacular. So, what was the betting lesson learned from placing a bet on that game?

My Betting Lesson Learned From World Cup Game

The problem a lot of gamblers have when placing a bet is greed. It’s an all or nothing situation. It’s the same when buying and betting lesson learnedselling shares. You hang back to get the best price and by doing so you miss out on either a great buying price or selling price. I knew that bet was a long shot so what I should have done was hedged my bet by putting half of my wager on a win and the other half on a double chance bet. If I had done that I still would have won something. Instead of losing the ten bucks outright I would have won something on my double chance bet. Next time I bet on a long shot I’m taking advantage of the double chance bet. A betting lesson well learned.

How To Win More In Sports Betting

Wouldn’t that be betting lesson worth learning. At the moment I let the bookies sway a lot of the betting decisions I make. I look at the odds and then I make a decision. I reckon I’d have more luck if I was to work out my own odds. If I could do that I would then be able to work out which bets had the best value and place a bet only on them. I suppose in the way I would be more bookie than punter. Perhaps that way I’d win more than I would lose. There is one problem with that. It would take a hell of a lot of work. I’d have to analyse all the data. Check the history of the horses, AFL teams or whatever. Is it going to rain? Whats the track like? Who’s injured and all that other shit you need to really make an informed decision. I don’t know about you but as far as I’m concerned that would take all the fun out of placing a bet. What do you think? As far as I’m concerned, I’d rather make those mistakes and learn from the. For me betting is all about entertainment. I do it to makes the sports I watch even better. If I lose every now and what. As long as I got a kick out of the game. Feel free to leave a comment about your betting lessons learned? Perhaps you can elaborate how you learned those lessons? I’m sure we can all learn from everyones experience.

Just to finish off, there is one more lesson I’ve learned today. Tim Cahill can do more than just use his head for those great goal shots.

Tim Cahill World Cup Goal Netherlands vs Australia 2014

Common Questions About Online Betting

I know there may be many questions about online betting. I thought I might be able to answer some of them in this post.

These Are My Common Questions About Online Betting

Should I have Multiple Betting Accounts

Of the many questions about online betting the most common one would be whether or not to have multiple betting accounts. My personal opinion is one should have multiple accounts. This is because there are several advantages to having more than one account. Not all bookies offer the same odds so having more than one betting account allows you to get the best odds possible on any given sporting event.

Another reason for having multiple betting accounts is to take advantage of some of the promotions offered by the different betting agencies at different times. Just as an example, Sportingbet has a promotion on the Socceroos vs Netherlands World Cup game where they’re offering a huge $20 for Australia to beat the Dutch on Thursday. if you were going to bet on Australia anyway then this offer would definitely be for you. Bet365 also has their offers. I’ve taken a screenshot from both so you can see them ‘live’ 😉 With Sportingbet’s offer a $10 wager will win me $200. Although I know it’s going to be pretty hard for the Aussies to win that game I took that bet,

questions about online betting sportingbet questions about online betting bet365


How Do I Read The Odds?

When I first starting getting into online betting of the many questions about online betting working out the odds was way out on top In Australia we use the decimal odds system. This is different from countries like England that use the old ‘x-1’ odds. I’ve heard though that they may be changing to the decimal odds soon. The screenshot of my win in the England vs Italy World Cup game shows exactly how the decimal odds system works. Basically, the odds was $2.60 for a win. So if I placed a $1 bet I would win $2.60. Because I actually placed a $5 wager I won 5 times that amount netting me $13. Once I remove the amount I actually bet I come up with my actual winnings which was $8.

What Is A Double Chance Bet?

I wrote about this in my post, What Is A Double Chance Bet

What Sort Of Sports Can I Place A Bet On

You can pretty will place a bet on almost any sport, and in almost any country. Whether its horse racing or the World Cup most online betting agencies will have it covered. Another reason for having multiple betting accounts If one bookie doesn’t cover it another would. Here are just some of the sports you can bet on.

Horses, trots, dogs, Soccer, AFL, Basketball, Tennis, Rugby Union, Baseball, American Football, Boxing, Cricket, Cycling, Darts, Alpine sports, Golf, Ice Hockey, Netball, Snooker, Surfing. Heck, you can even bet on the outcome of an election!

If you have any questions about online betting feel free to leave a comment. If you got something out of this post I’d love it if you would use one of the share buttons at the bottom of this post.