Every gambler expects positive returns when staking their money on a particular event, regardless of the risk involved. Gambling becomes an investment when there are continuous wins on the side of the gambler or bookmaker.
Winning is possible when you have an edge which is why a good gambler should be able to spot value and take advantage of every opportunity. Experience is also key as experts eventually come up with effective strategies after having evaluated the risks and rewards of each wager in the long run. With the risk spread across multiple wagers, the chances of raking in more rewards increases, which is a good investment.
Good bankroll management ensures that your gambles remain an investment as you plan for the long-term.
Strategies for Maintaining Positive Returns
The fact that the JKR Cyprus investors has a statistical advantage over players does not mean that they will never enjoy positive returns. Placing more wagers would improve your chances of winning in the long run, especially now that investors can access a gambling investment fund from companies like JKR.
Although all investments may be seen as gambling due to the perceived risks associated with them, finding ways to maximize profits makes the difference. Here are a few tips for online gamblers, as well as esports investors who want to maintain positive outcomes over the long term:
Collect Relevant Data
An understanding of the current and historical performance of both entities in a game would help you make smarter and well-informed betting decisions. Your ability to take advantage of the available information will contribute to the growth of your returns within the duration of your investment.
Information about games and bookmakers are available for you to analyze before investing your money. Future wagers should be based on what happened with previous bets so that you do not make the wrong selection, regardless of the odds.
If you are placing bets for the short-term, you are just gambling and will either win or lose. The risk is reduced when you have a long-term plan, similar to investing in stocks. Although the opportunity to get good returns may seem lost at the end of a sporting event, profit can be made from subsequent wagers.
The moment most gamblers start winning big, they get carried away and would want to stake their entire bankroll on a single bet. It is advised that you do not be in a hurry to break even. A long-term plan may seem far-fetched, but having found your betting edge will ensure that the desired returns start rolling in.
Spread the Risk
Cutting down on losses is usually difficult in gambling until you begin to see it as an investment. As a gambler, you either win or lose your stake on any game as there are no in-betweens.
Have you considered placing a wager on multiple outcomes of a particular event? It sounds crazy, right?
Well, it might be the right thing to do in certain situations. Each wager protects the next one against potential losses in scenarios where this “hedging” technique is used. You may realize that there was a mistake after placing the initial bet and a loss will negatively affect your capital. Allowing the bet to ride while hoping for the best or betting on the alternate outcome will help mitigate losses.
There are scenarios when your outlook on a game changes and you want the positive returns regardless of who wins. Betting on both parties would be a good investment at this point.
Understanding the Bookmakers
You can easily identify the most profitable wager when you understand how the bookies set their odds. As bookmakers use techniques that give them the advantage, making a bad bet will be at your detriment in the long run.
Certain odds give the bookies an edge over bettors and should be avoided if you want a positive return on investment over time. They usually look to make profits from lower margins and higher turnover from odds that attract betting on both sides. Balancing the risk here allows them to earn their commission, which is a good investment for them.
We can agree that success in online betting is a skill and not luck. The moment you can determine whether a bet has value, your chances of winning will increase in turn.
As you engage in legal gambling, try to manage your bankroll efficiently without exceeding your financial means. Keeping a clear head while enjoying yourself will help you maintain a good strategy, even when you are on a winning streak.
Getting a good return on investment is down to skill. Understanding that wins and losses are all part of gambling and investment will enable you to bet responsibly.