How Much Should You Bet to Win?

Bets paid out can vary from 10p to £100+, with maximum payout odds of around 1760/1. This means that you would have to bet £1760 to win £100. To put this into perspective, the odds of winning £100 on a football (soccer) match are around 2/1. Betting apps and websites can help you make the right choice and understand the odds for when you are placing a wager.

Setting The Betting Maximums And Limits

The maximum wager limits are set by each individual site or game. The majority of sites will have bets set in £100 increments, but some sites may have lower limits. If you are looking for the best odds available for your chosen sport, then you should look for bookmakers with larger pools for generating those odds. But if you are playing on a smaller site, then you should opt for the minimum bet size due to the drastically lower payouts you stand a chance of winning.

Using Betting Apps

Mobile betting apps have become the de facto choice for many sports enthusiasts who want to place a wager on a sporting event. Apps make placing wagers easy and convenient, and they allow for flexibility regarding the locations you can place bets from and the time of day the bets can be placed.

The biggest advantage of mobile betting apps is how they utilize the information at hand to generate personalized betting odds for you. The information they use to generate these odds comes from a statistic database which contains the expected outcomes for all sporting events. The more you use the app, the more up-to-date information the app will have stored in its database.

This makes the information the app provides valuable to the extent it can give you better odds than what you would get manually by searching for the same outcomes in a bookmaker’s odds generator. You can also use the app to quickly search for sporting events that are happening soon so you can make the right choice and place your wager as soon as the event happens.

Odds Are Everything

The odds of any given event are perhaps the most important aspect of any betting exchange or website. It is vital that you take the time to study the odds before placing a wager. The odds can vary from 10/1 to 468/1, with the majority falling in the range of 100/1 to 200/1. Meaning that if you bet £100 on a given event, you will win £200, or if you bet £1, you will win £4.68. The higher the odds, the bigger your potential payouts.

Understand The Spread

Even if you are on the right site and using the right app, you should still engage with bookmakers and odds makers to get a clear understanding of the spread (the difference in price between the offered odds and the real odds). The spread is typically expressed in terms of decimal places and can be used to determine how much you should wager based on the desired rate of return. For example, if you are on a £100 wagering platform with a 4% return, then you should wager £40. If you are on a £20 wagering platform with a 8% return, then you should wager £16.

Beware Of Tempting Offers

Beware of any offers that seem too good to be true. Many bookmakers and online betting companies have very attractive bonus offers and money-back guarantees which can make you think that you are somehow entitled to big wins simply for participating in their games. These types of offers can be found in abundance on the internet, but if you want to be sure that you are playing fair and square, then it is best to stay away from these types of bookmakers. It is also advisable to read reviews to get an idea of the reputation of a given bookmaker or sports betting site. This is very important because you may end up in a situation where you are tempted to place a bet with a bookmaker which you have never heard of before and which has no reviews or reliable website for checking out its services.

Learn The Basics

The best way to win money playing sports betting is by learning the basics. Knowing when to stop, recognizing patterns, understanding what factors affect the outcome of a game, and how to bet all these things are essential to being a successful gambler. Although there are plenty of free resources available online, nothing can replace actually getting a proper education and learning from the pros who have been around the block a few times already.