How To Make Big Money Betting In Naira On Football
Matches! © By Okonkwo
Chigozie
This information am about to share with you worth thousands of naira, but i have desided to share it free with my readers. Thank you for reading this post. I know your time is valuable so I'll
make sure I condense as much information as possible in it.
HOW FOOTBALL BETTING WORKS Football betting is all about betting against
bookmakers. It is different from betting against other people the way most
people do. It is also different from pools betting. Bookmakers are betting companies
that provide the platform for betting activities. They also provide the prices
and expected winnings on each football match. All you need to do is to
determine the outcome of a particular match or a series of matches. You don't
need to predict the exact
Score
line. Of course there are bets where you can predict the exact Score line and
we will talk about that later. The price per match will be determined by how
hard it is. The easier the match, the lesser the potential returns. The harder
the match, the higher the potential out come. Assuming Manchester United wants
to play Wigan Athletic at Old Trafford, we all know there is a very high
likelihood that Manchester United would win. The money you are expected to win
if you say Manchester United will beat Wigan will be very small. In fact,
very very small. On the other hand, if you say Wigan will beat Manchester
United, then the expected monetary returns would be high. It will be high as
well if you say it will end in a draw. Talking About Prices... Each
football match has its own price. It's called odds. Have you ever heard
statements like “Bookmakers have said Chelsea to win the league at 6/4”? That
6/4 is the money tag on Chelsea to win the title. Don't worry. I will
explain more. Using the Manchester United and Wigan example above, a
bookmaker can say his price/odds for the match is 2.7. This means that for
every N7 you play with, you win N2 plus the N7 you had a bet with. Your total
returns would be N9. Is it making sense now?
Predict
that Wigan will beat Manchester United, the odds could be 4.1. That means that
if you bet with N1 you will win N4 plus your initial N1 which makes your total
earnings N5. I've used naira above as an example. Most bookies operate in pound
sterling and dollars. They work the same way. Still using the Manchester
United and Wigan example... So if you want to bet on it, what would you do?
Manchester United to win at 2.7? To win N200 you have to play with N700. You
need to ask yourself if it's worth it to risk N700 to win N200? Or will you
back Wigan to win at 4.1? You only need to put in N100 to win an extra N400.
But will Wigan beat Manchester United? That is where your football mind and
knowledge is needed. Let's Understand Prices/Odds More... Take a look at
the matches in the fixtures and prices below... Looking at the screen shot
above, Chelsea to beat Manchester City at home is priced at 2/5. That is you
bet with N5 to win N2. That is a total expected returns of N7. (Always remember
that the figure at the end is what you stake with and the one in front is what
you will win) The match is 11/4 for a draw and 6/1 for an away win for
Manchester City. Start analysing and start seeing possibilities. Evs: Maybe
you were wondering what that means. It means 1/1. You play with N1, you win an
additional N1. You play with N1,000 you win an additional N1,000.
Other Kinds Of Odds... Not
all odds are written in fractions. As in not written like 5/1, 1/3, 4/7 and so
on. Some odds are written in decimals like 1.33, 2.45 etc. If you see 2.45, it
simply means if you bet with one Naira, you will return 2.45 Naira. Whatever
figure is shown, it means that is what will be returned if you place N1. So you
can calculate your expected earnings according to what you want to bet on. As
far as I'm cocerned, decimal odds are the easiest to calculate. The bookies
(bookmakers) can determine what kind of odds they will be using. Some will
allow you to choose the one you want. I feel comfortable with the fractionals
so I use it. If I want to change from fractional odds to decimal odds, all I
need to do is click on fractional odds as shown above and vice versa. That
is if the bookmaker you're using allows you to. There is also another kind
of odds called the “American Odds”. Don't worry about that. Just stick with
the fractional and decimal odds and you will be okay. I'm sure you now know
about prices and odds and prices. So we should move on to some other things. Talking
About Bookmakers...
There are many bookmakers out
there that you can use. It's your choice to decide on the one you want. There
isn't anyone that you
can
really say it's the best. They all have their advantages and disadvantages. Let
me list some of the best for you. The list is not exhaustive I must confess but
these ones are very good.
– Coral – William Hill – Bet Fair – Bet365 – Ladbrokes – Sky Bet – Bet Direct – Stan James – Paddy Power – Fonbet – Bet Estate(Accept liberty reserve) -B4u24 (Accept
liberty reserve) I use only three of them. Coral, Bet365 and BetEstate. I use
them for some reasons. My favourite bookmaker is Coral. They however don't
however
accept Nigerians. You can
however take a look at their site at http://www.Coral.co.uk . My other
favourite bookie is Bet365. You can access Bet 365 at http://www.Bet365.com.
The biggest problem we face in Nigeria is that most bookmakers don't accept
us.
Even the ones that accept us, you have to go through the rigours of bank
transfers to fund your account with money.When you win, they will have to
transfer to your bank account or Debit Card. All these take time and it kills
the fun of this business. What if you see a nice bet you'll like to “hammer”
right away and you don't have money in your betting account? Special Update:
Nigerian Visa Cards are accepted at Bet365 without stress so you can give
it a try. I know they accept Access Bank's Visa Card. You pay with the card and
you withdraw into the card. You can then get cash from any ATM that displays
the VISA Logo. Because of all these “wahala”, I was glad when I discovered some
bookmakers that accept Liberty Reserve. Here is one of them. Betestate.com
Don't get me wrong here. Betestate is not one of the best bookies but they
accept Liberty Reserve hence my talking about it. They accept Liberty Reserve
as a form of payment and you know we are allowed to use Liberty Reserve as
Nigerians. Funding is instant and when you win, you withdraw into your LibertyReserve
account. Liberty Reserve is an e-currency and it works like e-gold. To open an
account is free. Go to http://www.LibertyReserve.com to open
one
right away. After opening your account, your balance will read zero. You will
now have to put money into it. That means you have to go out and buy it from a
Liberty Reserve exchanger. You can buy any amount you wish. It is usually
denominated in dollars. The amount you will buy it will depend on the Liberty
Reserve exchanger. You can get it between N150 to N160 to a dollar. I'm writing
this in January 2010 so the price will surely fluctuate. It all depends on
foreign exchange activities. All you need to do is to pay the exchanger in
Naira to the tune of the amount you want. If you want $100 of e-gold for instance
and the day's price is N150, that means you will buy it at N15,000 So where
will you find reliable exchangers? The truth is that they are hard to find.
So to protect you from unscrupulous exchangers, I have decided that as an
existing customer, I will personally help you fund Liberty Reserve. Whenever
you need Liberty Reserve, shoot me an email and I will help you get it within a
few days. You can email me at ybarrister@yahoo.com
I didn't say all the above to
narrow your thinking down to the bookmakers that accept Liberty Reserve. I know
many people that still prefer to go for the established bookmakers that accept
Nigerians. They go to their banks to transfer money. The big
bookies
are the best to deal with. Weigh your options and then go for what you want.
One of the great ones that deal with Nigerians are Bet365, StanJames.com and
Canbet.com
GREAT NEWS: THERE IS A
BOOKMAKER THAT ALLOWS YOU TO BET IN NAIRA! I know you're going to love what I'm about to share with you. You see,
I've gone to great lengths to tell you about the foreign bookmakers out there
so you can see the amazing world of football betting out there. Now that I've
done that, I want to tell you about the ONLY bookmaker in the world that allows
you to bet in Naira. They are Nigeria's number bookmaker and they have a great
service.
Take a look at it at
http://www.NairaBet.com
It's free to sign up at
NairaBet. Just head over to
http://www.NairaBet.com and
sign up for FREE. After signing up,you can then fund your account by depositing
money into NairaBet's Guaranty Trust Bank Account that is listed on the
website.
You will then log into your account, click on “Credit Account”.
Enter your teller number and
the amount you paid in and then click on “Submit”. The admin will then approve
your credit within 2 hours. Your balance will be reflected and you can then
begin to place your bet. As I type this, there is no minimum amount you can
deposit into your NairaBet account. The minimum withdrawal however is N1,000
You can ask all your questions about NairaBet at their customer service forum
at http://www.NairaBetForum.com It's wise to start with NairaBet.com Let's
Start Betting...
You
have a choice on what you want to bet on. No pressures. You determine which
team you want to go with. You look at the prices and see if it is profitable
for you.
Would you go for the weak team
in expectation of higher returns or will you go for the stronger team with the
expectation of a lower but more assured return? It's really your choice. Let's
look at a weekend's fixture we used above. Assuming you want to bet on
Liverpool to beat Hull city at home, that is 4.5 multiplied by what ever amount
you want to bet with. Let’s say you want to start with N1,500. That is
1,500x4.5=6,750.That is a single bet. Although it may look like Hull city will
beat Liverpool, that is 6.5x1,500=9,750 . But if you place a N1,500 win bet on
a team and it happens that they loose or draw. It means you have lost N1,500.
It a game of football, anything can happen. There is a way out however. You
can accumulate matches. That means that you can add more than one match
together so it bumps the money up. If you put five matches together and put in
a small amount like N500 then your expected returns will be bumped up. Let me
explain. If you place N500 on a match at 1.2, that means your expected return
is N600. But if you now put that same amount on three different matches all at
1.2, your money would be higher. Example below:
If
you say this four matches looks like a sure winning to you. All you need to do
to make more cash with just N500 or any amount of your desire is that you have
to accumulate ths four matches. Let’s say Liverpool wins(1.5), Man U wins
(1.1), Arsenal wins(1.2) and Chelsea wins (1.1), multilply all these points by
N500 or your desired amount, like this: 1.5x1.1x1.2x1.1=3.8, Now multiply
3.8xN500 or your desired amount, do the calculation. What the bookmakers do is
that they place your money on the first bet, then the total returns on the
second, then the total return on the third.The danger with accumulating matches
is that once one of the matches go wrong, you automatically lose that bet. That
means you shouldn't accumulate too many matches because there is almost always
a problem with one of them.
To
have an idea of how much an accumulation will fetch you before you place your
bet, Use your calculator or Nairabet does it for you automatically before you
place your bet. First go to nairabet at http://www.nairabet.com and click on
bet. Choose the matches you want to accumulate and click on add to slip. It
then lists the matches you have chosen on the right hand side. Scroll to the
bottom on the right hand side and click on “Show Bankers” It then takes you to
a page where you will enter the amount you want to bet with it. It then
generates the estimated returns for you. Don't worry about that. It's the
method you should concentrate on) Looking at it from here, it looks like it
makes sense to put as many matches as possible together but the problem is
that, will they all come true? You can say a match will end in a draw and then
one team gets a winner in the last minute. Like I mentioned earlier, don't
accumulate too many matches even when it looks like they will all win. What I
do is that I accumulate just a few. Sometimes I put together two matches
(doubles) or three matches (trebles). It's always safer that way. Your
Football Knowledge Must Come Into Play
To
make money with this, you need to know a bit of football. That is why this
product is targeted at football lovers and not just anybody. I assume you know
about football already. I assume you know that if Manchester United wants to
play at home to Everton, Manchester United should win. In fact, that is too
obvious. I expect you to be able to analyse that an in -form Everton at home
have a big chance of beating teams like Reading FC. I know this is paper
analysis but I believe that if you monitor football very well, you should be
able to know when a team is in form, when their key players are injured etc. Creating
Your Betting Portfolio A lot of people make a very big mistake when they
start betting on football. They take some money out of their pocket and bet.
When they lose, they take another one out. If they win, they spend it, then
take money out of their pockets for another bet. You'll never make money
this way. To succeed with football betting, create a portfolio. Decide an
amount you want to start betting with. It is like the capital you want to use
to start your business. The amount you will put is entirely up to you. You can
decide to put N10,000 or N1,000,0000. It's your choice.
Fund
your account with whatever amount you want to start with. Place your first bet
with under 10% of your start up. That means that if you are starting with
N25,000 make sure your first bet is not more than N2,500.There is no need to
rush. There is always a tomorrow. In fact, there will be something to bet on in
the next 100 years. This is to put you on a safe side as you might lose a bit
when you start betting. You don't have to worry if you follow the tips I will
be sharing with you every weekend. It's time to start making money. ***RULES*** This
is very important. There are some rules you must always have in mind when
betting. If you don't follow them, you might have a problem later. Here they
are... Never Use All You've Got In Your Portfolio No matter how tempting
a bet is, never use all the amount you've got in a betting account on one
single bet. Things can go wrong any time. If you lose it, you will have to take
money out of your pocket again to fund your account. Your account should be
feeding your pocket and not the other way round. Never Bet As A Fan
I
used to make this mistake in the past. I used to bet that the team I support is
always going to win. Don't do this. This is your money we are talking about so
club loyalty should be secondary. Never Bet When Your Gut Feelings Says No There
are some weekends I just don't feel comfortable to bet.When I bet, I always
lose. I don't know why it's like that but I know it happens to a lot of people.
Listen to your inner mind. I don't like cup competitions for instance
and I always do my best to avoid them. Never Be Greedy The higher the
expected returns, then the harder it will be for you to get it right. People
lose money when they want to hit it big once. Go play the lotto if you want to
hit it big. Never Rush It's always difficult to bet at the beginning of
the season. Mostteams don't get into their strides at the start. Just take it
easy and study your bets very well. Be In Control When people win, they
want to quickly bet again. They usually lose. When some people lose, they
quickly want to bet again so they can recover. Never be like that. There is
always a bet later so take it easy. Bet only when you feel it's right, not
because you've won or lost some
money.
Be Very Careful With Cup Competitions The bookmakers recognizes only 90
minutes of play when it comes to cup competitions. They do not reckon with
extra time and penalties. There are times all a team needs is a draw to qualify
and they will play for a draw. It doesn't matter if they are stronger than the
opposition. If you have your money on them because they look stronger, then you
will lose your money. Bet on cup competitions/matches only if you're absolutely
certain of what the outcome would be. Always Pull Out Cash We're in it
to make money isn't it? So regularly pay yourself. If you are doing well, you
can fix yourself a salary. If you betting capital is $500, you should be able
to pay yourself as much as $500 every month. If you increase your betting
capital to $1,000 then you should be able to pay yourself $1,000 monthly and so
on. Don't worry. Just start small. You will grow into it later. That's it. You
now have what it takes to make money from betting on football matches. Now go
for it. If you have any questions, just send an email to ybarrister@yahoo.com I
wish you all the best.
Okonkwo
Chigozie
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