Lucky11 | Betting To Win and Betting To Risk
Why do you make sports bets? Most people who bet would say they do it to win. After all, they're doing it to make money and, hopefully, to become professional bettors. But some people are ready to "bet to risk." How do these two different kinds of bets work? How is "bet to win" different from "bet to risk"? Lucky11 sports betting professionals will let you know what you need to know.
Betting To Win
When you bet to win, you put down a set amount based on the odds of the game. Your main goal is to beat the bookies and make as much money as possible. Most of the time, if you are betting to win, you will also bet more money to make the most money possible.
To help you figure out how to bet to win, let's look at an IPL game where the favorite has a back and lay odds of ₹125-₹150. If you want to win, your best bet is probably to put ₹150 on the favorites. If they win, you'll get your money back plus $100 extra. On the other hand, if you lost, you would lose the ₹150 you bet.
Most gamblers, especially those who are just starting, bet to win because they can get bigger payouts if they do. Most people bet on sports because they want to make money if they win and get rich. People who want to make the most money in the least amount of time or with the fewest number of bets often bet to win.
Since bettors who win already know how much they are willing to risk, they often find odds and lines that fit into their "budget" and go for it.
People who like to bet to win think about the money they could make more than anything else.
Betting to risk
Betting to risk is a little different because it's more about keeping the risk under control than making sure every bet is as profitable as possible.
People who do this often say that betting at risk is a better way to make money in the long run when betting on sports. What makes betting to risk different is that punters don't bet their money based on the odds given by the bookies. Instead, they can bet more money to make more money, or they can bet less money to make less money but with less risk.
Say the odds for a favorite are -₹110 and you want to bet $10. People who bet to win will have to bet ₹11 instead of ₹10, since people who bet to win always try to beat the bookies by taking into account the vig.
On the other hand, a gambler who wants to take a chance would bet ₹10 even if the most they could win is ₹9.09. Still, this would mean that people who bet to risk would lose a dollar less if they lost the bet.
Beginners can easily understand what "betting to risk" means: it's the idea that when you bet, you don't pay attention to what the odds say about your potential profit. Also, people who bet to take a risk don't worry about how much they could lose just because, for example, they bet ₹90 in odds of -110 instead of ₹10 for a rounder profit.