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Whilst there are success stories of punters who won thousands from a 50p stake, most punters know the sinking feeling of a last-minute goal ruining their accumulator or the team at the bottom of the table picking up a surprise victory over the defending champions.
Some people continue to place the same type of bet week after week, with the hope that one day their ship will come in.
Rule number one of football betting is that the punter must gather as much information as possible before placing a bet. Study statistics, recent form, head to head information, and team news to give you as much of an advantage as you can have.
Knowing all of this will help you take an analytical approach and work out which outcome is most likely. For example, the second-placed team in the league are playing a team in the relegation zone in midweek.
The higher team would be priced as a heavy favourite but there may be factors to take note of before betting.
Although most people would take the league positions as a good indicator of who will win, what if the second-placed team have an all-important match with the leaders at the weekend?
Sign up for a free trial. There are chances they will rest players against the lesser team, to keep them fit for the bigger challenge.
They may also take the midweek match lighter than usual thinking they already have the victory. But, taking a match lightly against a relegation threatened side who also need the points can be a dangerous tactic.
Also, what if the so-called bigger team have failed to win in their last three matches against the team in the relegation zone?
While we're on the subject of the less obvious markets, if you do pick an obscure one, make sure to check the terms with the betting shop staff.
If you back your team to win both halves, you are betting on them to win the first half and the second half separately. The team must score more goals than the opposition in both halves for you to win your bet.
It's a subtle difference but frustrating for punters who come looking to collect winnings when they're team was leading at half time and won the match The second-half score must have been and so the bet goes down.
You might really want your team to win. You want it so badly you even start to convince yourself it's possible. Before you know it, you believe it so much that you've put your money on it.
And bookies love it because each week they'll rake it in from all the home fans willing their soon-to-be relegated team to beat the table leaders.
Similarly, avoid important events like derby games. The unpredictable element is magnified because there's more at stake and players may elevate themselves for that extra degree of honour and pride.
If you must bet on these events, consider the other markets. They probably won't beat the table leaders but could they get a goal?
Result and both teams to score could be a more sensible bet. Some will do this for the full day of the event itself.
Others will boost a price for a set period at random points meaning unless you spend the day in the shop, you'll only come across these by chance.
If it's a particularly popular event, the bookies will almost certainly be promoting it with offers designed to persuade you to part with your cash.
As bookmakers try and offer more and more ways for us to hand over our cash, they are forever expanding the list of sports and markets they cover.
This undoubtedly means that they are covering sports they might not know as much about as they would like. A good example is MMA.
The sport of mixed martial arts is on the rise and so we are getting increasingly more coverage and more information about competitors.
But why was Rousey at such a short price? Everyone will have good days and bad days but follow these tips and you should soon be able to spot the best value bets available and hopefully reap the rewards!
Just remember only bet what you can afford to lose, never chase your losses and if the fun stops, stop! By Katie Feehan. Could you beat the bookmakers?
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Cookie Settings. Learn why people trust wikiHow. Explore this Article parts. Related Articles. Article Summary. Part 1 of Open a specific bank account.
When you open this account, be sure you invest enough money to cover your bankroll for an entire season or year, not just a single game.
Create accounts with a few sportsbooks. Some sportsbooks also offer signup bonuses, so be sure to shop around. Learn to make smart bets.
For instance, while each bet should represent about one to two percent of your bankroll, you can reduce this to 0.
Similarly, you can increase the bet if you're very confident, but never place a bet that exceeds four percent of your bankroll. Many experts recommend not betting on your home team in any sport, because your bias can cloud your judgement, and this can lead to great losses.
Create a betting schedule. This refers to the practice of trying to recoup losses from a previous bet with more betting. Have a betting schedule or routine and stick to it.
Bet sober. Click below to get started. Register now! Find out more. We allow every customer to set deposit limits in their account settings and will process these instantly.