If you want to make money from betting you need to follow one simple rule. It is to have an excel sheet where carefully to write down all the bets you have made. It is important to do that because it will help you see where you make mistakes and where you make successful bets.

How to do it? You need an excel file, named for example betting. On it you will write several columns – date, championship, match, tip, odds, outcome, how many you have won or lost, the bank and the ROI percentage.

After you make one particular number of bets, for example I do it when I reach one hundred, it is time to step back and to have a deeper look on what you have won or lost.

Using such a file will help you see on which championship you make most profit, which bets you have made are with best winning ratio, you can even compare your bets by date so you will be able to notice if you are suffering of the so called betting fatigue. It is a phenomenon when the punter starts losing money because he is too tired to make successful bets. So by comparing bets date by date you can compare you results from the first week with these made on the last week. If there is significant difference it is maybe time to have a rest for a week or two so to have a fresh new start.

There are even more ways to use your betting excel file. With it you will have greater control over your betting bank and will easily notice if your ROI is above or below 100%. You can also easily check what the average odds of your bets are.

You can use this excel sheet to create your own strategy about betting which will help you to increase your success ratio and win more money. After all, this is the main goal, right?

Here is an example of excel tracking of your betting.

Make money from betting. It would be great if we can do it but it is extremely hard to achieve it. Less than five percent are the punters who earn some money from betting. The other 95 of the people who love to bet are losers. How can we be among these five percent?

There are several ways to win from betting but I like the statistical way of betting which includes making hypotheses and verifications. What do I mean? It is really simple. You ask yourself a question about betting and then put it on a check.

Here is an example. I assume that the matches with heavy favourite according to odds given by the bookies will finish with more goals on the second half. The reason for this assumption is connected with the way these matches are usually played. When a match between a much better team and a weaker one is played the weaker one is trying to defend with as many players they have. So we can assume that there will be fewer goals on the first half when the players are still fresh and fewer mistakes are likely to happen.

However, the physical preparation of stronger teams is much better than the preparation of the weaker team. It means it will be easier for the stronger teams to score in the second half. This is why I believe there will be more goals on the second half. This is my betting hypothesis. However, the explanation of an assumption is not important at all. The important part follows.

When we already have a hypothesis, then comes the second part – the verification. We have a control group of matches. On my betting list I usually have one hundred. I checked their results and then decide if my hypothesis is correct or not. If it is correct, then I start betting. If it is not, I’ll start searching for another one.

Here is an example of betting strategy. It doesn’t matter will it be successful or not. The most important is to have a system.

I am quite sure many of you, who like sports betting, have heard or even said something like this – I missed that match because the bookies have arranged it. Many punters like to excuse their losses with the bookies but this is simply not true.

Even those who have even little knowledge about betting know that the bookmakers don’t do these things. They simply don’t need to. They win their money doing other things. To understand why a bookie would arrange a game we should ask how this will benefit them. Many would say they will lose lots of money if many punters have bet their money in one particular ending so the bookies would do what is necessary so this ending does not happen.

They are almost correct. The bookies are doing what they have to do, but it is not a game arrangement. What the bookmakers do is to push the punter to make their odds so at the end all possible incomes to have same amount of money bet.

The bookmakers are doing that by changing the odds for one or another ending. So, if many punters start betting on home win, the bookmakers react and the odds for home win are going down. The punters stop betting on home win because the odds are not good enough and they start betting for a draw or even away win because their odds have risen up. It is as simple as that. This is the betting world.

When all three endings are covered by the same amount of betting compared to their odds, the bookmakers will win because of the betting margin. They don’t need to do any arrangements.

However, what is not true about the bookies is completely true about gamblers. We have many cases where a gambler with enough power, money and connections has arranged a match to end in a way he or she wants. It is sad, but again this is the betting world.

When we talk about arranged matches, here is a clear example of it. It is from the bulgarian championship and when the match didn’t go in the correct way it had to stopped by the crowd.