Probably the biggest lure about gambling and betting online is that you can win money. Often we read or hear stories about punters winning massive jackpots or even our friends will boast about landing a 20/1 accumulator. Don’t be fooled.
These stories are few and far between. Your mate probably forgot to mention the other 50 accumulators he lost beforehand. If you are going to bet online then you have to be prepared to lose money.
It is estimated that 97% of punters who gamble online lose money. That’s a lot. If you are new to betting then the chances are you will fall into that category. I don’t want to put you off. Gambling can be a lot of fun.
I’ve had some success down the years and these days probably break even, but it adds excitement to my day and a £5 bet on the football match on TV gives me a reason to watch it and ultimately I enjoy that thrill.
All of my mates place bets on football every Saturday, and every one of them is a losing punter. They don’t expect to win, it’s just a bit of fun, they’re just one of the 97% of sportsbook punters who lose longterm. As without an edge, the house always wins on the sportsbook too
— Betting Wolf 🐺 (@Betting_Wolf) April 4, 2022
You can’t get much for a fiver these day and if you start your betting journey by accepting that the likelihood is you will lose money, it puts you in a good frame of mind to begin with.
It’s also likely to make you be sensible with your stakes. Always gamble responsibly and never bet more than you can afford to lose. At the point it stops becoming fun, then you either need to reduce your stakes, stop altogether or treat it as a business/part time job.
As I start to write more of these betting advice articles I will try and help increase your chances of being one of the 3% of punters that do actually make a long term profit. It’s a small percentage, but it is possible.
But first and foremost, before you get started, know the risks, understand that gambling is mainly for enjoyment purposes and be sensible with your stakes. Let the fun begin.
