The sports betting market is booming, with a flood of online bookmakers offering bets on all kinds of sports. If you want to try your hand at sports betting, it’s important to familiarize yourself with some basic concepts before you begin.
The first step is to open a betting account with a bookmaker of your choice. Do your research online, read reviews and experiences from other users, and compare the welcome bonuses offered by different betting providers. Most bookmakers offer a bonus in the form of additional betting credit when you make your first deposit. Once you’ve signed up, you’re ready to get started. But be cautious! Don’t bet randomly or emotionally if you want to be successful in the long run. With a few strategic tips, you can improve your chances of winning and enjoy the betting experience for longer. The following advice will help you along the way.
Common Mistakes Beginners Make
Let’s dispel a common illusion that many newcomers have: the odds of becoming a millionaire overnight through sports betting are extremely low. If you start betting with this expectation, it’s better not to bet at all. If you’re aware of this from the outset, you’ve already avoided one of the biggest beginner mistakes—unrealistic expectations.
Betting on sports requires patience and discipline, especially when it comes to managing your stakes. A general rule of thumb is to never bet more than 5% of your bankroll (your total betting budget) on a single bet. For example, if you have ₦50,000 in your betting account, you shouldn’t stake more than ₦2,500 on any single bet. This approach helps you avoid losing all your money quickly and allows you to withstand a losing streak.
It’s also important to stick to sports and leagues you are familiar with, as the bookmaker will have in-depth knowledge too, and you’re betting against them. Another key tip is to avoid betting on your favorite team. Emotions can cloud your judgment, and losing a bet on your team will only increase your frustration. Always bet rationally and base your decisions on statistics.
One of the biggest mistakes is the so-called “rage bet,” where you attempt to immediately recover a lost bet by placing a quick and emotional wager. Even if a loss hurts, always take the time to analyze the next match carefully before placing another bet.
What Are the Best Bets for Beginners?
For beginners, single bets and combination bets are suitable as they are relatively easy to understand. Single bets are the simplest and most reliable way to win, but the odds are usually lower. With a single bet, you’re betting on the outcome of just one event, such as the result of a football match. For example, you could place a bet on Team A to win, lose, or draw. If Team A is playing against Team B, you might place ₦5,000 on Team A to win with odds of 1.50. If Team A wins, you’ll get ₦7,500.
In a combination bet, you place bets on at least two different events. However, you only win if all your predictions are correct. For instance, you could place a bet on the outcome of two football matches. Combination bets can lead to higher payouts, but they come with greater risk, as one incorrect prediction can ruin the entire bet.
Betting with Surebet247 in 6 Steps
If you’re ready to start betting in Nigeria, Surebet247 provides an easy and reliable platform to place your bets. Here’s how to book a bet:
STEP 1: Visit the website surebet247.com, but avoid signing into your account since you won’t be able to place bets while signed in.
STEP 2: From the left-hand menu on the homepage, select the sport you’re interested in, such as football.
STEP 3: Choose the tournament you want to bet on and click ‘Proceed.’
STEP 4: Pick the markets you want to bet on and select the odds by clicking on them. Your selections will automatically be added to your betting slip on the right-hand side of the page.
STEP 5: Decide on the amount you want to bet, then click ‘Book.’
STEP 6: This will generate a booking code for you, which you can use at any Surebet247 outlet or online to finalize your bet.
By following these simple steps, even beginner bettors can easily navigate the Surebet247 platform and enjoy betting on their favorite sports.
Single Bets are Ideal for Beginners
As a beginner, avoid combining too many matches. Even as you gain more experience, it’s recommended not to combine more than three events in one bet. The risk of losing increases significantly with every additional match. While the potential payout for large combination bets is tempting, even seasoned bettors prefer single bets, as they offer more consistent success in the long term. In fact, single bets make up around 80% of the total turnover at bookmakers.
Double Chance Bet
The double chance bet is one of the many betting options available and is a good choice for beginners because it increases your chances of winning. However, this comes with lower odds. With a double chance bet, you cover two possible outcomes. For example, in a football match, you can bet on a home win or a draw (1/X), an away win or a draw (X/2), or either team to win (1/2). While the payout may be smaller, the likelihood of winning is higher.
Is It Allowed to Use Multiple Betting Providers?
Yes, it’s allowed to have accounts with multiple betting providers, and it’s highly recommended. This way, you can take advantage of welcome bonuses from different bookmakers, giving you more credit to bet with. This can help mitigate any initial losses. Just be sure to stick to the 5% rule for each bet, as explained earlier. Additionally, using multiple bookmakers allows you to compare odds and place your bet where the odds are most favorable, maximizing your potential profit over time.