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The Basics of Sports Betting – A Bettors Guide To Right Wagering Process
If you are an avid fan of any given sports, then it must be obvious that aside from watching your favorite shows, you are also looking forward to joining various types of betting games. The sports company along with the gambling industry has partnered all throughout the years to come up with different sports betting systems in such a way that every bettor will enjoy.
In fact, horse racing is one of the biggest events where people can dive into betting. Sports tournaments like basketball, football, soccer, and golf have limited betting options because of the number of participants. On the other hand, the horse racing tournament is often attended by a lot of entries; thus, it also provides betting options where bettors can ultimately explore.
Technically, sports betting is not easy. When you are a pro in betting, you might have learned the basics of it, but if you are a newbie, then there’s a lot of research you need to do so you won’t put your money into waste. Ideally, your main goal why you need to take part in sports betting is to predict the winning entry, wage your money, watch the show, and see how they perform. If you win, then surely you’ll get the prize at stake, but if you fail then you lost your money.
In this article, we are not asking or influencing you to take part in any betting games. Remember that sports betting is a gambling game and there are only results it can give. Either you win or lose. In that sense, we are trying to open up your eyes in understanding more how you can bet effectively. These apply to both new and pro bettors. This guide will help gain more than the money you wage and experience the quality betting game. Your ability to understand how betting works especially in a sports game that provides huge prizes will give you a more efficient betting experience.
Fixed Odds Betting
It’s the oldest way of betting in sports. It means that you only need to predict the winning entry who will emerge as victorious in the sports tournament they will join. The fixed is a word used because the wager needs to agree with the amount for each odds placed. Once the wager wins, he gets the prize of the agreed odds placed.
So that means that fixed odds betting deems the simplest way of placing your bets in order to win. Though it’s simple, your betting prowess may not work if you don’t have much knowledge about your entries. Hence, if you are a beginner or pro bettor, it’s best that you have to study thoroughly your bets before wagering for them to make sure that you won’t experience any hitch.
Major Components of Sports Betting
Here are the basic components of sports betting you must know.
Wager Parties
This is a situation that you normally see in ball game tournaments. You’ll see a particular group betting for a specific team and others are betting for the opposing team. This is normally called wager parties because you’ll see people who clash the bets for the best team they would like to win the game so they can also win the betting game.
The Selection
It’s as easy as picking the right team to win. Take note that there is no specific formula in selecting the right winner to be but it all depends on your gut feel. This is why you need to spend a little research about your entry or team you would like to bet with regards to their previous performances. In this way, you will be able to assess their ability once they perform in the field so as to bet for them effectively.
The Stake
It literally refers to the amount of money that each eager might win for a particular race odds where they place their bets. Take note that each bookmaker set a minimum amount you would like to stake to make sure that there is enough prize to be given away to all winners. The amount of the losing wager is also used to cover up the amount that each winning wager will get if their bets win.
The Odds
This is where all the entries are being shown and odds are determined. Each odds are produced depending on the amount that each bookmaker should pay in relation to the stake of the relative selection. They are simply referred to the chances and percentage of winning to each entry. If a particular entry got a lower chance, then the odds are higher, and if the chance is higher, then the odds are normally low.
Payout
It’s the sum of the amount that each bookmaker should return to the wager if he wins the betting game. The prize is often determined with regards to the total stake that each bookmaker gained from wagers.
What is the purpose of club membership?
Most members use the advisory to generate profits via bookmaker and/or exchange accounts. For someone staking £100 per match this has yielded thousands in profit even once the annual membership fee is deducted.
Will bookmakers limit my account(s)?
Most likely, yes. Club bets have a proven track record of value (+ EV) and bookmakers are likely to notice this. Short term you’ll be fine but longer term we suggest using betting exchanges or ‘winners welcome’ bookmakers or brokers. That’s why we always quote and record odds from Betfair Exchange for members as that illustrates profits for those who are limited.
How will it work after joining?
Your membership will be confirmed with a personal welcome email. You’ll get 12 months access from a single payment and there is no auto renewal – we’ll simply ask if you wish to continue after the year has elapsed. You should expect an average of two emails per week detailing the advised selection, match, tournament and odds. Simply login to your betting account and place a wager on the selected market. We only use standard match winner bets, often referred to as the moneyline, so coverage is extensive at virtually all betting portals. Have any questions? Please visit the contact us page. Average response time 24h.
Is club membership limited?
Yes, we allow a maximum of ten members to have an active annual membership at any one time. This is to preserve value and market liquidity. Essentially ensuring it’s practical to obtain the advised odds without them disappearing too quickly.
What bankroll is required?
We suggest £10,000 or more ideally although smaller can work. Most members choose to follow our advice of staking 1% per match. This means it automatically adjusts and scales as the total grows and compounds returns. In the above example; the member would have yielded over £3,000 profit but had to pay the membership fee leaving them with a net profit in excess of £2200. Some members have vastly exceeded this by staking higher amounts but please remember to have a long term focus and ensure capacity for successive losses.
What type of bets should I expect?
Always match winner bets covering men’s professional tennis. This includes ATP events, Challenger and Grand Slams. We specialise in high odds underdogs which have yielded the most considerable profits in extensive back testing. Selections with odds of 10/1 (11.00) are not uncommon. We deliver advisory emails at a consistent time with a minimum of six hours before the scheduled start time to ensure plenty of time to get bets placed.
Who is the club open to?
Everyone with a decent bankroll and a long term outlook. We have members from around the world betting in many different currencies and jurisdictions. Tennis Tips UK are based in the United Kingdom, hence the name, but the club is truly global.
How is profit tracked?
For transparency we operate a public spreadsheet. This shows all key metrics such as units profit, ROI, yield and strike rate. We even monitor the Avg Diff CO % for those statisticians amongst you. In a nutshell this measures the implied value by comparing the advised odds with the sharp closing line. 2% is deducted from all recorded profit figures to simulate exchange commission. Just to clarify bets are only added to the spreadsheet post result confirmation to retain exclusivity of access to paid club members.
For winning bets our team also publish profit reports which feature the original email sent to members for additional tracking and verification purposes. This also includes a rating for that specific prediction which gives an insight into how our strategy is optimised over time.
Who picks the bets for club members?
Tennis Tips UK have grown into a small team over the years. Founded way back in 2013 by an odds compiler at a leading EU bookmaker. Since then joined by a quant and business manager. Each one of us lives and breathes tennis but we like to let our results speak for themselves rather than make outlandish personal claims.
Why don’t you bet on your own picks if they are so good?
We do, frequently. The issue surrounds liquidity and limitations. Club members have access to a wide range of liquidity from global sportsbooks and exchanges. We, as individuals, are far more restricted. Typically though we still stake an average of £10k per week on our selections but unfortunately virtually every bookmaker has long since banned us. We should take it a compliment really as a limitation is an endorsement of the profitability of your bets from an often billion pound institution.
Is there a way to reduce the cost of membership?
The fee is set at a level which allows us to fill membership places. If you are a prospective first time club member enter the promo code ‘TTUK10’ during checkout to reduce the cost. Please note this is a one time discount and not available for returning members.
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