In this material, we suggest that you independently determine your level as a bettor and the type of bettor you belong to. Can you think that you are doing this with an almost professional approach, or is betting just fun for you?
All bettors can be conventionally divided into two categories. For some, betting is a way of making money, sometimes even the main one, and they have their own game strategy that allows them to make a profit over the long run. Such people can be safely called professionals. Others regard sports betting as a pleasant addition to watching matches of their favorite teams, often without worrying about losing, and making bets at bookmakers purely for the sake of entertainment. These players belong to the amateur category.
Of course, both are attracted by the opportunity to make money in sports betting, but the former use analytics, strategy and subtle calculation, while the latter mainly rely on intuition. Moreover, all players can also be divided into several subtypes; in the approaches of each of the betters belonging to a particular betters there are certain features inherent only in this category. Let’s take a look at each of them, and you yourself can classify yourself as one of the options.
Subtype 1: self-determination of coefficients
Such a player is always driven by the desire to outplay the bookmaker through more careful and scrupulous preliminary work. Using various sources of information and going through many different methods, he tries to calculate the most accurate probabilities of the outcome of an event, surpassing the bookmaker here.
Most often, at the preliminary stage, such betters do not even look at the quotes offered by the bookmaker, and only after calculating the odds themselves, they compare them with the bookmaker’s. In the event that the probabilities determined by the players are higher than those of the bookmakers, they place bets that, by definition, should be the most profitable.
Players belonging to this subtype have such valuable qualities for any person as vast experience, dedication, balanced decision-making and patience. Most often, such betters are limited to one, maximum two main markets, where they place bets.
It often happens that players of this type unite into whole tipster communities, operating with joint efforts and knowledge to increase the chances of winning in each individual event and, accordingly, the total profit. However, they develop along with the development of the betting industry itself.
Subtype 2: Good Idea With Bad Implementation
Most often, these betters do not even think that they are of this type. They blame anything for their failures – the collusion of teams, the “incompetence” of the coaches who did not guess with the line-up, the bump on the field that prevented the much-needed goal from being scored, and finally, banal bad luck – but not themselves. But if the outcome is successful, they tend to look for a pattern in their bets, refusing to believe when they are told that they “caught the bird of luck by the tail”.
Such betters have an understanding of analytics, take into account statistical data and can even correctly determine the probabilities of outcomes inherent in bookmaker quotes, but at the same time they use too little information (or treat the data superficially) and test their strategies and results too little.
In general, this is a rather amateurish approach, and such players have little chance of becoming professionals, since they only bet on the basis of basic analysis. At the same time, bookmakers, when determining quotes for sporting events, invest heavily in staff and advanced technologies. In addition, the odds also include the results of the analysis of the bets of truly professional players.
Thus, if you really set a goal to outplay the bookmakers and the market, this approach should be excluded, and much more time and effort should be spent on analytics and developing your own profitable strategies.
Subtype 3: Using the Market for Your Own Interest
Many of our readers will be surprised, but it turns out that it is not at all necessary to thoroughly understand the sport you are betting on and at the same time be a completely successful bettor. As proof, one of the studies devoted to betting provides an example from the practice of one professional trader (as you know, stock trading and sports betting are two very comparable industries).
So, for a long time this person traded with a good profit in a kind of “green forest”, absolutely sure that this term means wood, painted green. Only much later, he was amazed to find out that, it turns out, this is lumber from freshly cut trees.
So these types of players believe that they don’t need to be very familiar with the sport they are betting on. They rely on market movements and large amounts of data for analytics. Thus, they do not try to compete with the bookmakers, but, on the contrary, rely on their calculations.
This type of player includes all, without exception, the so-called “arbers” who try to play on the obvious discrepancy between the quotes for the same event from different bookmakers. Often bookmakers, dissatisfied with this state of affairs, cut their limits or even block accounts altogether, and betters themselves are blacklisted.
Another option to make an initially profitable bet is to search for quotes in unpopular markets that are at odds with the odds of the main markets at the same bookmaker. However, in this case, there is a risk that unscrupulous bookmakers, citing their own mistake, will not pay out the winnings in the end, but at best they will simply return the bet.
For example, when making bets on basketball, such a player, having calculated approximately the distribution of the number of points scored by the teams in quarters of the total number of points in the match offered by the bookmaker for a profitable bet, as a result bets not on the whole game, but only on one of the quarters hoping to play on the discrepancy he discovered.
Subtype 4: the main thing is not victory, but keen emotions
There are actually few such players, and they want to win, of course, no less than everyone else. The only difference is that the lost money is not the main thing for them: they enjoy the additional portion of adrenaline in their blood, and are not very upset if they lose. “Lost? Well, it doesn’t matter, next time you’ll be lucky, ”- this is what betters of this type think.
They either do not engage in analytics or calculations at all, or they spend a minimum of time on them – well, for example, they will look at the statistics of personal meetings of two teams. At the same time, they initially understand that the probability of winning is not too high, but, as we said, this does not bother them much.
Such players can sometimes be found at betting points: noticing that a live broadcast of some interesting (and, perhaps, not very) match starts on the screen, they make an intuitive bet on their favorite, and then watch with enthusiasm, thus getting double pleasure in case of victory.
At the same time, such players can operate both with rates of 50-100 rubles, and amounts of several million; they are not at all involved in comparing quotes from different bookmakers to find the most profitable ones. Most often they are clients of one of their favorite offices, in which they are attracted by certain things – for example, a convenient website design or the location of a betting point not far from home.
Important takeaways for all bettors
When determining your type of player, it is important not to make the mistake of classifying yourself as one of them. At the same time, regardless of your type, you need to be able to competently manage your bankroll (however, betters of the fourth category sometimes do not have it at all), placing bets only on the amount that you are not afraid of losing.
In addition, in the betting industry there are not only betters and bookmakers, but also the so-called tipsters – forecasters who sell their “70, 80, 90% correct” predictions on the Internet. Some even offer information about supposedly “fixed” matches – although it is obvious to a baby that, having such information in reality, a smart person will not share it with others, and even more so with strangers.
Betters who bet on a serious level know that such offers have absolutely no value, and players who bet solely for fun are unlikely to look for such “super predictions.” And nevertheless, there are many players, mainly among newcomers, following the lead of these, in essence, scammers.
Yes, there are quite decent people among tipsters who really offer projections made at a professional level, but in fact there are not many of them. It is not so easy to find advantages in the market, and it is easier for people who know how to do it to make profitable bets themselves and make money on it, rather than selling them on the Internet.
In conclusion, let us say that it may well be that you do not fit into the framework of any one specific category, but some features are still present in you. Over time, players can change from one type to another, and we wish each of our readers to become a true professional betting!