Fast Guide To Betting

Bankroll

First thing to set up and to know before even going in to the world of betting and gambling. We need to know how much money we are going to put in bankroll, how big it will be and if our bankroll will be daily, weekly or monthly.

We have to have in mind that there is always a chance to lose that money so we need to be responsible about it and put only money that we are ready to lose.

Best advice is for beginners is to start with small bankroll so that in a case of lose streak we don’t lose a much. 

Stanford Wong wrote “Your bankroll is how much you’re willing to lose before you’re out of gambling business”.

As we have our monetary bankroll we also have emotional bankroll.

We need to have those two go in pair because our bets must not make us uncomfortable.

Here is example. If we have 1000 $ bankroll; for a lot of people a bet size of 100 $ would make them on a edge and uncomfortable and that’s not a point of good betting and there is a chance that a bankroll would be gone very quickly.

That’s the point with emotional and monetary bankroll that are in equilibrium.

On What To Bet?

Today you can bet on really anything. I’m mean ANYTHING.

In one moment you can put your bet on match of Champions League and in next moment on presidential election in USA and there is even bet sites that are offering bets on who will win in local reality show. In today’s market possibilities are limitless.

If you’re beginner and you don’t know much about sports you can always experiment.

In this section there is not correct answer. You can bet on what you want but our suggestion is to not scramble a lot; meaning don’t have a lot of sports on one bet.

Go with the one that you like.

Betting Sites

Here is our suggestion for the beginners and for those who have history in betting.
This are one of the best sites on the market and they are giving great bonuses for first bet.

Know your odds

In the world of betting everything turns around odds.

It’s important to know that odds can be shown in three formats that can be : 

1.    Decimal
2. Fractional
3.  American

Decimal is the simplest one and is in most widespread usage.

All odds are shown like decimal numbers, for example we have a bet of 2.70.

This means that if we put 100 $ on that odd and that bet is successful we are expected to earn 270 $ with our initial bet. It’s usually like that but there are countries that have VAT on winnings so your win could also be smaller.

Fractional is the one that can be found mostly in UK.

It’s currently going away because is hardest of the three and bookmaker that is giving odds in fraction is also giving odds in decimal format so there is no need for them.

Here we explain them so that if that event ever occurs or you want to look odds on our site in fractional format you can and you will know how to calculate your winning.

So let’s say that we have odds of 11/15 for one team to win a game; If you put 100 $ and that bet is winning bet you’re getting payout of 173 $ with your initial bet.

How we got to that number you ask, simple, when you have fractional bet you always multiply our bet with numerator so in this case we got 100 x 11 = 1100 and we divide our result with denominator where we get 1100 / 15 = 73.33

End result is our winning without VAT and our initial bet.

American are the odds that you can find mostly in USA.

Most American sites use this format  and we are going to explain it right know.

So we usually see American odds in hundreds range, for example for win on one team odds are  -150 and on another team is +220.

What this means is that for to win 100 $ on -150 odds we need to put a bet of 150 $ so if that bet wins we get 100 $ plus 150 $ of our initial bet. Usually we see those bets on favorites and those in the best form.

If our bet is on underdog, we are putting 100 $ on +220 odds and if underdog wins we are getting 220 $ in wins and 100$ of our initial bet.

In short, plus range means how much are you winning if you put 100 on  that bet and minus range means how much we need to put on that bet to win 100.