People gamble on sports to make money, but most of the time they just lose it. Without money, you cannot buy food, and without food, you will starve. The conclusion seems obvious: in order not to starve, you must make money from gambling and stay in profit continuously. But is it that easy? For people looking for stable sources, going to Ghana Betting Sites can be a good starting point to place bets responsibly.
How to Always Be in Profit
Short answer — you can't. If you could, everyone would be earning money from betting, and we wouldn't even be writing this article.
High odds betting is risky since higher odds translate to lower chances of winning.
High odds. In the standard decimal European format, 2.0 odds represent a 50% probability of winning. The higher the number, the lower the probability: 2.5 is 40%, and 1.5 is 67%.
Odds are not solely based on the perception of the match by the bookmaker, but also on money being laid on every result. However, if you wish to double your bet, you need to have odds of 2.0 or higher.
For example, if you bet 100 GHS and want to win 100 GHS so that you end up with 200 GHS, you need odds of 2.0 — purely a 50% chance. Risky business.
Bets with low odds are dangerous as well because such bets lose more often than necessary, and it takes a few new bets to recover after a loss.
Low chance. 1.1–1.5 odds equal a chance of 91%–67%, i.e., you are considerably more likely to win than lose. But sometimes even bets on odds below 1.1 do not pass.
For example, if you bet 100 GHS and lose, then just to cover your losses — not to make more money — you would need to have two bets with a 1.5 odds or five bets with a 1.2 odds. If any of them fail, you'll need to chase losses again. Loses-generating and dangerous.
In short, you can't always be profitable. The most that you can do is try to win more often or win bigger amounts of money — ideally both.
How to Try to Stay in Profit
We've compiled a three-step guide that will help you treat betting seriously and pursue steady profits. If you desire real money, betting should no longer be entertainment and rather become a tool for income. Below is the guide:
- Play with Reliable and Suitable Bookmakers
- Stick to a betting strategy
- Analyze matches
Let's break down why these points exist and how they help us.
Play with Reliable and Suitable Bookmakers
Respected bookmakers respect the funds of players and themselves. They never get involved in scandals, pay out winnings in a timely manner, correctly calculate bets, and do not block users at random. They usually have positive reviews and are consistently high in player-collated bookmaker ratings.
But every reliable bookmaker is not suitable for every bettor. Some of them are best to be used in live betting, some offer improved odds on particular sports, and some have a wider market to bet compared to others.
Your choice is based on your betting strategy, but reliability is non-negotiable.
Follow a Betting Strategy
Betting plans tend to minimize losses. A player sets up a staking plan and must adhere to it, even while on a downswing. A well-laid plan will keep losses in check.
Flat betting. As an example, the Flat plan dictates the bet size: 1–2–3% of your starting bankroll. You have 1000 GHS and you bet exactly 10–20–30 GHS on each wager — nothing less, nothing more.
Some of the strategies are aggressive, aiming not to save money but to increase profit. One of the most well-known is:
Martingale. You bet on odds of 2.0 and above according to this system. If you lose, you double your following stake and keep doubling until you win.
So if you start with 100 GHS and lose, the next bet is 200 GHS, then 400 GHS, then 800 GHS, and so on. In the event of a win, all the losses plus a small profit are returned to you, even if the odds are exactly 2.0. For example: 400 × 2.0 − (100 + 200 + 400) = 800 − 700 = 100 GHS profit.
We've shown some tried-and-true strategies, but some are just faulty. Don't jeopardize it all by applying them without determining probable results on paper first, as we did with the Martingale example.
Even Martingale, although designed to make money, is not a guarantee for a positive balance. You still need solid match analysis.
Analyze Matches
Strategies alone will not protect you against bad bets. With 1% of the bankroll Flat betting, you can still place 100 bets and lose all 100 of them.
Analysis is needed to improve your chances. Analysis does not guarantee every bet will win (no guarantees again), but it makes them more likely. More information means more likelihood of recognizing profitable patterns.
What to analyze. The punters use sites and operators that have simple and complex statistics, consider external influences like weather, stadium, motivation, personal or company issues, and analyze past performances.
The aim is not fact gathering but proper inference. It is best to take less risk and win little but risk more and win nothing. For that reason, odds between 1.6–1.9 are generally optimal.
Conclusions
You can't always stay in profit with sports betting — sport is unpredictable, and betting is by nature a win-and-loss affair. But you can try to win on a regular basis by following this short checklist:
- Bet with reliable and suitable bookmakers
- Practice safety-first betting policy
- Consider matches
You won't likely see millions pop up overnight in your bank account (if it does, spill the secret!), but your odds of consistent income will increase. Not in a night, but over time, anyone can be a sharp bettor with financial autonomy — if they continue to work at it.