How to gamble: Sports betting on the Premier League
There are lots of factors you need to think about before betting on the Premier League. Here are some of our top tips
The Premier League is one of the best sporting championships in the world.
Millions of avid fans flock in front of their televisions and travel to the games themselves every year, between August and May, in the hope that their team will take home the coveted trophy.
There are 20 teams involved in Premier League and each one plays every other team twice throughout the season, once at home and once away. It’s one of the most evenly organised professional sporting leagues in the world, as no single team has any location-based advantage over another.
For the average or new sports betting aficionado, there’s a learning curve involved in Premier League football. Even when you have the best UK betting sites, like what you find at bestbettingsites.uk, you should have a basic understanding about what to consider, look for, and look out for when it comes to placing your bets on this exciting league.
Firstly, know your limits.
It does no one any good if you become a problem gambler. One might think the betting sites would love it if people bet way beyond their capacity, but that’s not how they survive. They thrive when people play within their limits, both emotionally and financially.
Before you start placing bets on the Premier League, think about your maximum bets. Determine how much you’re willing or able to lose during any given time-frame (whether it’s a day, week, month, or even several months).
Secondly, get familiar with the odds.
It’s the bookmakers who set the payout schedules. In other words, if you successfully bet on a particular team to win the Premier League at the start of the season, you will collect some winnings. Betting sites will essentially use numbers (with decimal places) to establish their odds. A team with odds set at 4.00, for example, will pay £4.00 for every £1 bet. If you bet £100 on a team that had 4.00 odds on them to win, then you’ll walk away with £400 at the end of the season if they triumph.
If, on the other hand, you went with Leicester City in 2015-16, which was at 5001.00 odds, you’d probably still be celebrating because that £100 wager would have netted you £500,100. Exciting, isn’t it?
Thirdly, remember, the bookmakers know what they’re doing.
You see the odds that are placed out there and think they’ve got something wrong with them. They’re putting your favorite team at 100.00 odds. In truth, they know a heck of a lot more about this league than you do. They stand to lose millions putting out unreasonable odds.
Finally, don’t bet with your emotions.
When you set out to place a few wagers, set your emotions aside. You may have favorite team, player, or players, but don’t let your love of them cloud your reason and logic. You may have some valuable insight into a particular team or how certain players may mesh together and believe you know who’s going to win, but when you allow your emotions to dictate your wagers, that’s when you face losing the most.