Statistics has it that more than 76% of youths in Kenya are gamblers. Well, that figure is alarming or atleast, raises the question, can sports betting make you rich?
In this blog post, I am going to present my detailed research and thoughts on the question, can sports betting make you rich in Kenya?
I will also present the tactics and secrets that can help you to make money consistently from the market.
Winning football jackpots can make you rich
How many gamblers have won millions on jackpots? Countless of course. How many gamblers have lost millions hoping to win jackpots? Countless!
Well, just like any other business, football betting is a really hard business to win. Your chance of success can be rounded off to zero.
The few who win jackpots are able to solve their problems once and for all. You can plan yourself with the right attitude and strategy and be part of the lucky few.
Focus on long term return on investment
Making alot of money from sports betting is not a one Sprint, it is going to be a game build up from a gameme of compounding.
You will have to develop a winning strategy then repeat it over and over again while reinvesting your capital until you arrive at your millions.
Can sports betting make you rich when you have a winning strategy? Yes, it can, infact, sports betting can be a full time career and beyond.
This blog post is ment to show you how you can make millions from sports betting. Keep on reading and you will get to know all there is to learn about profitable sports betting.
Place single bets and avoid multibets
Do you want to make consistent profits from betting? Yes! Then, you should move from being as a recreational punter to a professional gambler.
Research and mathematical evidence has it that to make consistent profits from football betting or any other form of betting you will have to place only single bets.
Study football betting tips religiously
To make money consistently from the market means that you are sharp. It means that you are doing something that 90% of gamblers are not doing.
Most of the betting population have never studied more than ten books on the topic of betting. To be successful, you will have to know the minds of the successful gamblers, the best way to do that is through books.
There are several literature that have publish research findings on football betting that you must learn.
It is true that research never lie, develop your betting strategies from proven statistics that have been found to work.
Develop a betting strategy
The only one advantage of a betting strategy is the possibility of back testing. You want to deal with facts and not illusion.
It is not enough to speculate that a strategy Will work but it is enough to prove with past evidence that the strategy would have produced the expected results from the previous outcomes.
Experience is the best teacher. A betting strategy will lay down a system upon which you will keep your
Use betting brockers when placing bets
Betting brockers like betinasia and VODDS can provide you with the platform to access many betting exchanges and bookmakers at once.
You don’t want to rely on on one bookmaker when you are doing professional betting. With a betting brockers, you will be able to open more accounts with bookmakers.
Shop around for the best odds
As a professional punter, you have to focus on the long term. Your success or failure is made after analysing not less than a year results.
Difference of two odds in a bet can make the whole difference after placing more than one thousand bets over an extended period.
Betting brockers and softwares can help you to figure out who is providing the best odds for a given match market at the moment.
You should be very economical when it comes to placing bets and only do so when you have ascertain that you are going for the best value.
Use international betting sites
Taxes can eat you alive, that is the truth about kenyan betting sites. A tax of 20% is a complete joke for the kenyan betting sites.
You can try sites like the betinasia and bet365, with this sites, you will be paying taxes only when you like doing so.
Taxes is a sure way of making sure you lose in the long run, if you must pay taxes, then you can consider forgetting everything about betting.
Over betting is a killer disease
When you over place bets, you will find your bankroll diminishing, why? Because too much bets will ensure less research.
Betting without adequate research is pure gambling which have always resulted in great losses.
I only place less than seven bets in a week, those are bets that I have researched to the best of my knowledge and I am sure will win.
When my bets don’t win, it comes with alot of surprise to everyone because I go for those teams that Everyman and his dog knows they are going to win.
Have a long term view of the betting business
Making a profit of ten percent daily can seem Micky but considering that you will having billions in the next ten years with that strategy makes the whole difference.
Most people are able to pick three games that will win in a week. Even a new gambler can do that but to remain focused is what allures many.
You have to come up with a betting plan and be able to stick to it until the end. You have to have patience and determination and most importantly, the emotional intelligence to remain so until you win.
Set a side a betting bankroll
The amount you start with is not that important, the most important thing is your betting strategy. If your strategy is not sound, then, that’s a tragedy.
You can start with a very small amount and compound daily and in few years you will have the whole money you have been thinking about.
If your strategy is not a winning strategy, a big bankroll will never safe you. Focus your whole energy and willpower to developing a killer betting strategy and everything will fall in place.
Use match betting to get initial capital
Do you have $25? Well, that is enough to start match betting, a risk free way of making money online with sports betting.
Once you have assembled enough capital, you can now move on to professional football betting for a living.
Don’t fall in with your hard earned money, you Will lose your shirt and your reputation, that’s not the wise thing to do.
I have written a detailed post about how to make money online in Kenya through match betting. You can check out this blog post to learn more about match betting.
Plan your stacking strategy in advance
There are several stacking strategies that have proven to be effective, depending on your strategy, you should choose one that best suits your needs.
In this post, I will just mention the one that I love the most, this strategy have been proven to be the best.
This is a stacking strategy where you are betting an equal amount of money through all the bets, with this strategy, you will be adjusting the bets in proportion to your bets.
In this stacking strategy you stake the same percentage and you adjust it to reflect the proportion of the bankroll.
Stay disciplined and follow your plan
Most punters don’t have a betting plan, those who do are not able to follow through their plans expecially during the losing periods.
It pays to know what you are doing but to follow through your game plan in the art of the genius. If you can say and do,then, the future is in your favor not only in football betting but in life as a whole.
People do have wonderful plans but no one is willing to follow those plans. If you can follow and adjust your plans with time, football betting can be profitable to you.
Understanding value betting
Value betting is the only way to make profits from football betting. This is only true considering that you have followed everything that we have said in this post.
The term value betting was borrowed from the term value investing in the world of investments.
Most successful gamblers are those that have been or are still traders. Online trading will teach you many concepts ranging from money management to risk management.
Psychology of the trader plays a critical role when it comes to betting all this concepts can be borrowed from the field of trading.
Bet for your team almost always
Do you have your favourite team? Well, you should always be betting for this team. You know your Manager, all the players and the background information about the team.
This should place you in a better position to know when to back your team and when to lay it. You know when it’s likely to when and when it will struggle.
Place your bets using your mind not your emotions
What to consider before placing a bet
The form of the team will play a critical role in determining the final possible results.
There are teams that are enjoying a favourable season then there are those struggling.
Looking at the recent h2h form can give you a quick hint of what might be happening in the teams and their forms.
2; Home advantage
Teams that are playing at home have long been known to produce superb results over the away teams.
When you spot a team that is playing for the first round with an away team and the favorite home team must win the game, your attention should be drawn.
Home teams are most likely to win, field familiarity, funs and travel exhaustion are some of the theories that have been put forward to explain the home advantage.
Check out for the teams that have just replaced their manager, it’s a plus if your team is playing against a team that recent changed the manager and avoid backing those teams that just changed their manager.
You can find all this information from various websites that are dedicated to sports or by just following the website and social media pages of the concerned teams.
4; International games played
Teams that have just come from playing international Match are known for playing poorly in their next matches.
What is the cause of such a drop in performance? Well, the reason straight forward, exhaustion. You see, most international matches are tough. Though they are challenging, the team has to give their best because those matches are of great significance to the team.
Traveling for long distances leads to exhaustion, another reason for poor performance in the international leagues.
You should check to find out if the major players will not play in the next match.
Some players may be rested expecially if the major team is playing a weak team and it is comfortably seating in it’s possition.
When the big team knows that it will be facing a giant in the next international league where it is struggling it can rest it’s best players in the current home league where it’s already sitting way above it’s normal possition.
Some players may not play in the next match due to previous cards. You must check this out because it can adversely affect the results.
Teams that should win to avoid delegation can sometimes beat giant teams that are already
sure to win the league no matter the outcome.
Some teams go into the match with the reasons to win while others just go to fulfill the league match callender.
As a sharp, you must be aware of such instances and give the weights where it deserves.
The level of confidence of a team can really affect it’s performance.
You can get the feel of a team confidence by reading what the coach and the team funs are saying about the match.
It’s common sense that the manager and the funs know their team strength and weakness. It is also normal that they have studied the other team and they can now make informed decision.
The sentiment of the manager and the funs can be found in the news sites or the team’s website.
I have experienced this several times, you are about to place a bet, everything is in favor of your favorite team untill you realize that the confidence is low, after omitting the bet, you come back later to find out that it was properly beaten by the other team, thanks to their lack of confidence.
8; Defense strength
Are you a fun of the over or under market? If you have been betting for the over or under 2.5 market, then you know the importance of studying the attack and the defense strength of the teams.
I normally place bets on the over/under 2.5 bets. What I do in this market is to bet for the under 2.5 teams.
There are occasions that I place over 1.5 goals. The idea here is to pick the teams that I know will score more than three goals and back them in to score two goals or more.
As you are studying the over over 2.5 market, you will get a great insight into the general characteristics of the teams you have been following.
9; Attacking power
To actually figure out the possibility of a team scoring more than 2.5 goals or less, you must study it’s defense as well as it’s attacking power.
The attacking strength will tell you if there is likely to be more goals or less. You want to be backing teams that are known to be high scores for the over 1.5 market.
You can find all this information in the bet365 where it list all teams in the order of the goals scores in the over/under 2.5 market.
Can sports betting make you rich? Well, it depends, it depends on many factors. Alot of them indeed. But you know what? It is doable. It’s something that can be done.
Though you can make a living and hopefully millions from sports betting, I would advise that you just do it as a hobby but a serious one. Let it be a plan B.