Have you ever placed an online bet? Almost all bookmakers offer generous welcome bonuses and plenty of opportunities to get a slice of the pie. However, it is not always clear how one should use these opportunities to increase the conversion rate.
When placing an online bet, there are a number of things to consider. From your betting market to how you place the bet, you’ll increase the odds of converting that bet into a win if you get these right. If you get them wrong, it can have a detrimental effect on any winnings or even lead to further financial losses.
Start With a Self-Exclusion Period
A self-exclusion period is kind of like rehab for your gambling addiction. By setting a self-regulated time period, you can give yourself an opportunity to have fun with betting without getting yourself into trouble.
If you know there’s going to be limitations on your access to bet. It’ll decrease the temptation of finding loopholes in your self-imposed limits.
Before placing any bet at an online betting singapore site, make sure you’re using the right tools to help give you the best chance of winning. There are a number of specialist tools available to help you compare odds and find value bets. These tools will help improve your chances of converting that bet into a win.
Research the Market
Another key consideration when placing an online bet is to do your research and find out which betting market has the best odds and why.
Some markets may seem like great bets, but if there’s rarely any turnover in these markets, they could be extremely difficult to win. As such, it’s vital you carry out thorough research before placing a bet.
The Right Way To Place A Bet
When placing bets online, it’s vital to remember that you need to enter odds in decimal format. To do this, divide the eventual return by the stake and then add one. For example, if an event is quoted at 5/1, this will equate to 6.00 in decimal format, whereas placing a bet with odds of 10/1 will return $11 for every $1 staked, resulting in 11.00 in decimal format.
Understand The Payout Structure Before Betting
It’s vital that you take the time to understand the payout structures of online bookmakers before placing a bet. While many bookmakers allow you to cash out your bets early, some don’t provide this facility. As such, make sure you factor in this when placing your bets and, if possible only place bets on bookmakers that give you access to this feature.
Use the Right Odds Comparison Site
While there are a number of great odds comparison sites out there, it’s worth finding one that provides winnings return figures in decimal format. This will allow you to compare all your options and find the best value bets fast so you can place winning bets more easily.
Use Betting Exchanges
If you are looking for more flexibility when it comes to betting, then using a betting exchange may be your best option. Betting exchanges allow you to place bets on both sides of the market, so if one selection loses, you haven’t lost your wager. They also offer better odds than the average bookmaker, so you are giving yourself a good chance of converting your bet.
Understand Your Expiry Time
Before betting at an online betting singapore site, it’s vital to understand how long you have until your bet expires, as this will allow you to find the best odds possible.
For example, placing a bet on an event that can be accessed via live streaming or delayed television broadcast means the odds may change after the event has finished. As such, you need to ensure that your bet expires at the correct time.
Use Free Bets And Vouchers
If possible, use a betting site that offers a range of free bets and other promo codes, as this will help improve your chances of converting that bet into a win. As such, always bookmark these sites so you can access them easily in the future.
Limit Yourself to a Daily Maximum
This is a good strategy for those who want to limit their overall betting amounts each week. It can be difficult for those who aren’t used to it, especially if they have the ability to charge back their losses later on, but it’s an effective way to keep yourself in check.