Even with a solid understanding of +EV betting and its effectiveness in making money from sports betting, there are still a number of common mistakes that can significantly harm long-term profits. In this guide, we’ll explore these mistakes, showing you how to avoid them, maximising your long term profits.
Spreading Your Bets: It’s inevitable that your betting accounts will eventually be limited when you make too much profit. Key sportsbooks like bet365 and Sky Bet are highly valuable, so it’s crucial to avoid getting limited on these sites for as long as possible.
To extend the longevity of your accounts, prioritise placing bets on less frequently used sites when they offer the same odds. Alternatively, use betting exchanges where you won’t get limited. By distributing your betting volume across a variety of sites, you’ll delay the restrictions on your most valuable sportsbooks, leading to far greater long-term profits.
Avoiding Software to Find Value Bets: As odds fluctuate leading up to a sporting event, some software can identify and exploit pricing errors, offering a slight +EV advantage. However, relying on such tools will quickly lead to account limitations. Sportsbooks are adept at spotting patterns that suggest the use of automated tools, particularly when they notice that a bettor consistently beats the closing line value (CLV).
When you place a bet at odds that are higher than the final odds before the event starts, you are beating the CLV. If you consistently beat the CLV over a short period of time, it becomes evident to sportsbooks that you’re using software, leading to your account quickly being limited.
Fortunately for us, golf is a relatively soft sport to bet on, meaning the sportsbooks offer premium +EV odds without even realising. This gives us a significant edge without even beating the CLV very often, avoiding limits and allowing long term profits.
Using Third Party Details: When accounts are limited or closed, some people try to get around this by registering with someone else’s details, such as a partner or friend.
However, sportsbooks have measures in place to detect such practices, often voiding any winnings and closing the account. If your account is limited or closed, it’s best to either resolve the issue with the sportsbook directly or move on. Rather than attempting to register with someone else’s details.
Depositing and Withdrawing: Always use payment methods registered solely in your own name, as using a joint account or third-party payment method often leads to winnings being voided and sometimes account closures.
Given the focus on responsible gambling regulations, large deposits and withdrawals can trigger account reviews, leading to potentially lengthy and frustrating processes. To potentially avoid these processes, simply deposit and withdraw in relatively small amounts at a time.
Staying Disciplined: +EV betting can be volatile, with occasional losing weeks. It’s crucial to maintain disciplined bankroll management and avoid altering our strategy in response to short-term losses. Stick to the recommended bet sizes and the +EV bets we provide, as these are designed to maximise your long-term profits while effectively managing risk. Additionally, we recommend tracking your bets to monitor your performance and stay organised. Consistency and patience are key; by following our strategy closely, you’ll increase your chances of building sustainable and significant profits over time.
