Category: Gambling

One of the cornerstones of successful sports betting is the effective management of your bankroll or the funds in your gambling account. The primary aim is to ensure that your overall betting strategy is designed around increasing money you have available to bet with. Thus, the question that needs careful consideration is: How do you manage your bankroll? Or in other words, what tactics can you use to ensure that there is always money in your gaming account?

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Do you enjoy a little flutter in your favourite sports team? Or, are in interested in making a career out of sports betting? If so, are you aware that there are online sports betting companies or bookmakers as well as the usual brick and mortar betting agencies? These questions are valid and deserve a considered answer. However, before we look at the benefits of choosing an online bookmaker as opposed to a brick and mortar place, let’s consider a succinct definition of sports betting as opposed to other forms of gambling like poker, blackjack, and other casino games.

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“Everything seemed to be going right. On three separate occasions horses on which I’d invested a sizeable amount won by lengths instead of sitting down to rest in the middle of the race, as horses usually do when I’ve got money on them.” –  P.G. Wodehouse, The Inimitable Jeeves Are you interested in embarking on a successful sports betting journey? If so, it is essential to understand the art and science, or the mathematics behind placing successful wagers.

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Are you considering sports betting as a hobby or as a supplement to your income? If so, do you have an understanding of sports betting strategies and how bookmakers calculate the betting odds that they offer? Sports betting: Hobby or income generation mechanism Statistics show that the global online gambling market was worth $46 billion (USD) in 2017> And, the dollar value is expected to reach $94 billion (USD) in 2024. It must be noted, for accuracy’s sake, that the term “online gambling” includes casino games, poker, and sports betting. Thus, these figures include these three sub-genres as it were. Additionally, these figures show that the industry is large enough to support hobbyists as well as serious gamers who intend making a living from sports betting. The only difference between the two would be your betting strategy.

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In business, we are often more inclined to stick with what we know over making a change. This often makes sense, as changing to something new can usually incur a high cost, with advantages that are far too nebulous to calculate accurately. That said, some businesses, like online casinos, have utterly reshaped their industries and redefined success as they moved to the digital landscape. So how did online casinos manage this feat, and what parallels might we draw to our businesses? Updating Older Systems The entire core philosophy behind online casinos is that traditional brick-and-mortar establishments are limited about how accessible they are for those who don’t live nearby. Whether through floor space, location, hours, or a patron’s physical health, all of these factors can quickly stop a potential player from being engaged. These issues were mitigated or removed by adopting an online framework, allowing a much broader experience.

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