In addition to a broad understanding of sports, strategy creation, statistical analysis, and the ability to understand sports trends to make the best predictions, financial control is also essential for those who want to make money from sports betting. This is even more important if you want to see the activity as a profession, not just a hobby. After all, this control will allow you to forecast how much you will earn at the end of the month and plan your finances accordingly.
Here, you will find the main tips used by betting professionals to control their finances and establish long-term gains using the bookmaker 1xbet indir. First, it is worth remembering that maintaining emotional control is also essential for you to be able to follow financial advice. So, always gamble responsibly and watch out for signs of addiction.
Set realistic goals and objectives
The first step in controlling your finances in sports betting is to define your goals for the activity. Think about whether you just want to earn extra income or if you intend to view the activity as a job and get paid at the end of the month.
This will dictate whether you should keep the habit of winning bets and withdrawing profits immediately or whether you should keep all winnings in the platform’s bankroll to increase the value exponentially. So, it is also important to select bookmakers that offer immediate deposits and withdrawals and reliable payment systems.
With that in mind, you will need to set a daily percentage increase for your bankroll. It is important to be realistic: no one will be able to achieve significant increases, such as 5%, every day. If that were the case, everyone would be operating in sports betting and increasing their wealth easily.
Acceptable values go up to a maximum of 3%. It is worth remembering that you will not be able to always hit this target, and some days you will also have losses. After all, even with all the predictability that sports statistics bring, the great appeal of sports is that they carry surprises, and anything can happen in matches.
Set your standard odds and stakes at 1xBet
After setting your daily profit goal, you need to set the odds that will guide your bets. They cannot be too low, as you will profit little per bet and, in the event of an error, you will lose the winnings from several successful bets. But they also cannot be too high, as the hit rate will be much lower. An odds value recommended by professionals is 1.80. This is exactly the average between safety and profit, making it a very interesting standard.
After setting your desired odds, it’s time to set your bet stake. This represents the percentage of your bankroll that will be used for each bet. The value also cannot be high, and it is recommended that it does not exceed 3% for your standard odds.
If the stake is too high, you could put your entire strategy at risk in the event of a mistake. Never get carried away by the excitement of thinking that a betting line is very attractive and therefore deserves a higher stake, as this is extremely dangerous and can lead to mental and financial chaos.
Based on the examples we mentioned, with odds of 1.80 and a stake of 3%, it is easy to understand why these values are so good. In addition, you will also see how easy it is to hit the daily profit targets we mentioned earlier.
Each correct bet with odds of 1.80 and a stake of 3% will bring a 2.40% increase to the bankroll. In numbers, the calculation is as follows:
- If you have 1000 TRL in your bankroll and bet 30 TRL at odds of 1.80 and win, you will have a return of 54 TRL with the win.
- Since you bet 30 TRL, your profit will be 24 TRL.
- Thus, the bankroll will increase by 2.4% with just one accurate bet with a low value and safe odds.
- In the case of a wrong bet considering these values, you will lose 3% of your bankroll.
- Knowing this, taking as a proportion two correct bets and one wrong bet per day, you will achieve a profit of 1.8% during the day.
However, it is not necessary to focus only on the odds values you initially set. In some cases, it is even fun to try higher odds or make accumulator bets in search of big wins. In these cases, you should adapt your stakes to different odds, as the level of risk must be balanced with the level of investment. See the following table for a good balance:
| Odds | Stake |
| 1.8 | 3% |
| 3.0 | 1% |
| 5.0 or higher | 0.5% |
Focus on a few bets
As you have seen, a single accurate bet, even with modest amounts, can represent a 2.4% growth in your bankroll. This is already a great daily goal for increasing your money, so in many cases, you should only place one bet per day to meet your goal.
Therefore, it is not necessary to bet all the time in search of more profit. If you are doing this, it may be more a sign of addiction than a desire to become a professional bettor.
This is even more relevant when considering the account you saw above. With a 66.66% success rate using the standard values we mentioned, you will still make a profit of 1.8% per day, which is a huge amount considering the exponential potential of sports betting.
Set a loss limit
There are days when nothing goes right. Therefore, you should also set a loss limit so as not to jeopardize your bankroll.
More important than that is to stop betting immediately after reaching the limit and only return the next day. This way, you avoid a very common mistake among novice bettors: desperately chasing losses and ending up making bets without any basis. This emotional lack of control can lead to the loss of all the money available in your betting bankroll and is also another sign of addiction.
You can even count on the help of bookmakers to maintain this control. Regulated and reliable betting platforms, such as 1xbet giriş, have tools that allow users to set their own deposit limits. In addition, the bookmaker’s website and app also allow you to view a betting history with all your activities, which provides greater statistical control.
It is also important to stop betting when you reach your daily earnings goal. Another very common mistake among those who are starting their journey in sports betting is to think that they are having a magical day and continue betting after a series of wins. These bets, which are often made without much basis, can cause you to lose all of your profits for the day, putting everything at risk.
Only deposit money you have left over with bookmakers
Even if you want to take up sports betting as a profession to earn a fixed income at the end of each month, you should never put money that would be used for other purposes on betting platforms. This is an activity that should be done with the money you have left over.
When you invest money in a bookmaker that was intended for other things, such as paying personal expenses, there is much greater pressure to get your bets right, as you would be compromising some other area of your life in case of mistakes.
This pressure can lead to unfounded bets and attempts to seek wins at very high odds that are very difficult to get right, in an attempt to multiply your money overnight. Those who think this way see betting more as a game of luck than as an activity that allows for methods and strategies.
Stay responsible while betting
As you have noticed, financial control is intrinsically linked to mental control. Since betting can lead to addiction, especially for users who already have this propensity, it is extremely important to be alert to any signs that you may have a problem related to gambling:
- Spending too much time betting at the expense of other activities.
- Feeling ashamed of betting for a long time and hiding the activity from those close to you.
- Distancing yourself from family and friends because of betting.
- Losing money that could not be lost on bets, but rather used for other essential expenses.
- Thinking about betting all day, even when you are not betting.
- Feeling stressed after placing a bet while hoping for the result to come true.
- Exacerbated nervousness while following sporting events.
- Feeling the need to gamble even when you are out and about having fun.
- Stopping following sports just for fun and seeing everything as a way to gamble.
- Losing control and continuing to bet after a losing streak.
If you notice any of these symptoms, try to stop betting immediately, as addiction will certainly lead to financial loss. If you are unable to stop, you should seek help from mental health professionals, as there are many who specialize specifically in gambling addiction.
To help you in this struggle, you also have access to responsible gaming tools provided by bookmakers. The two main ones are limiting the amounts and frequency of deposits and, as a last resort, self-exclusion of your account without the possibility of returning to the platform during the period you define at the time of action.