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The online gambling industry continues to race across the United States, attracting millions of new sportsbook bettors. It’s a multi-billion-dollar business and one of the most fiercely competitive industries ever. It’s fast-paced and energetic, with the best online sports betting apps offering new customers free bets, great odds, and promotions.
Has legalized gambling arrived in your region yet? This business sector has its critics, with some state governors sticking to outdated and harshly restrictive gambling laws. Many anti-betting rules were created before online gambling and smartphone betting came along to shake things up. Bets are now placed at the touch of a button on your favorite sports from anywhere and anytime using a gambling app.
Stay safe online
The main contentious point regarding online betting relates to problem gambling and overspending. But there are a few smart moves you can make to help protect yourself and your sensitive details when placing a wager. We aim to ensure all our readers are aware of the pros and cons of betting and how to steer clear of the potential pitfalls.
Betting sites have introduced several safer-gambling tools over the last five years, and we’ll cover the best of them on this page. But the most effective protective measure is education. The more bettors know and understand the industry, the safer it becomes, and the more successful your wagers will be this year.
If, after reading this page, you plan to create an online sports gambling account, you’ll land a welcome bonus free bet. Visit the homepage of the app you wish to join, complete the registration form, make your first deposit, and gamble.
The welcome bonus is added to your balance immediately, and you can wager on any sport, team, and market. Make predictions on the Super Bowl, NBA Finals, or horse racing.
Why a betting budget is important
Betting online using a smartphone is quick, easy, and convenient, but it can sometimes be too convenient. Bettors with a mobile and interest in sport can wager on multiple fixtures a day without questions asked. That leads to some spending more than they had in mind.
A simple betting budget and staking plan are the answers to protecting your cash online. We’ll explain how easy it is to put a staking plan in action, but first, let’s look at how to settle on a budget you can easily stick to each week or month.
Creating a budget for gambling isn’t tricky. Ask yourself this question; how much can you afford to lose to betting each month? Everyone’s budget will be different, so resist the temptation to copy a fellow punter. Any profits are a bonus when considering betting stakes as money already lost. These can cover next month’s stakes or withdraw them as soon as possible before the temptation to bet again takes hold.
How to create a staking plan
A staking plan is your next decision, and, like above, you must take time to ponder this and get it correct the first time. Now that you have a betting budget, we can start tweaking a staking plan to make it fit and keep you protected.
There are a few betting staking plans, but our favorite is the five-point system. Break your bets into five points and decide how sure you are a bet will return a profit. You may see the lowest one-point stake as the best option if it’s an interest, such as a wager on a horse at big odds. A gamble you are sure will win could be a five-pointer or max bet.
One point to you may differ from a one-point bet for us or any other gambler. When you know your five-point max bet, you can work back. A point may equal £10, £100, or whatever you can afford while sticking to your budget.
Always play for fun and never bet when angry, upset, or frustrated. Chasing losers is a shortcut to the poorhouse.
Keeping track of your spending
When you have a good day, it’s easy to get carried away and ramp up your stakes, taking the cash from your winnings. And if you have endured a tough day of betting and have lost more than you expected, it’s normal to want to claw it back quickly.
Stick to the plan whether you’re winning or losing. Professional bettors don’t win every bet but are consistent with their stakes.