Why are odds important on my football selections?

Many gamblers around the world like to place bets on football to try and make a profit but a lot of the time they fail and there are good reasons for that. There are of course a lot of punters out there that do make very good profit from betting on football and a lot of other people are wondering how they can to. If you are one of those people looking to take your gambling career to the next level and you want to earn a profit from betting on football, the best tip anyone can give you is to stay disciplined. Of course, staying disciplined would be the obvious and there are a lot of other tips to consider that will provide you with a profit at the end of each month.

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If you are looking to make a profit from betting on your favourite football games you will need to know why odds selection is important and of course the other following points to consider:

Stick to what you know – Stop putting your money on Chinese football games when all of your football knowledge is in English football leagues. This will already limit your betting to certain days such as on a Saturday when most of the games are played, and limiting your bets will give you a much better chance of winning.

Keep to the same markets – A lot of bookmakers offer a variety of markets in different categories such as corners, bookings, both teams to score etc. Always stick to one market and make your bets on those – this is when discipline comes into the fold and you will see how much you really have.

Sticking to the same odds – If you have chosen the both teams to score market, you may find decimal odds of around 1.5 to 2.2. Sometimes it’s best to bet on games when the odds are 2.2 so you know you only have to have a 50% strike rate to earn a profit.

Always do your research – Just remember all of the bookies base their odds on what punters are putting their money on, if 100 people put their money on selection “A” and only person put their money on selection “B”, it would mean selection “A” would have poor odds. This is all bookmakers do to determine the odds which gives you a huge advantage. If you do your research and find that selection “B” has had really good form as of late and selection “A” has been poor, surely it would be more appropriate to put less money on selection “B” to win at much better odds that putting a lot more money on selection “A” to win for poor returns. If you always do your research you will always catch the bookmakers off guard.

How to make a profit?

Making a profit is pretty simple, bet and win and you will make a profit. Of course it isn’t really that simple because you need to pay particular attention to your strike rate and this is when betting on roughly the same odds and markets come in to play.

Let’s say you have a 50% strike rate which means you win 1 in 2 bets. This means if you have put 2 bets on with a stake of 10 units each you have staked a total of 20 units. If one of those bets lost at odds of 2.10 that means you have lost 10 units, but if one of those bets wins at odds of 2.10 that means you will have 21 units returned to you, giving you a profit of 1 unit with a strike rate of 50%.

It’s pretty simple calculations and it just goes to show you the difference of choosing odds over evens than odds under evens. If your second bet won but you only had odds of 1.7 that means you would have lost a total of 3 units but your strike rate will still be 50%.

These are just a few points to consider when betting and eventually you will see a profit over the course of a month thanks to your research and odds selection, not forgetting to mention your discipline.