In football betting, all you need to do is predict how the match will end including other events happening in the match such as number of goals, corner kicks, red/yellow cards etc. The most common one is a prediction on who will win.
The most important words in betting are Odds and Stakes. Odds are chances given to teams while stakes are how much you put into a bet.
Usually, teams that are likely to win have less odds while those which are likely to lose have higher odds. This simply means that if a team less likely to win ends up winning then you make a lot of money from it.
Betting companies understand that the mind of broke people always wants to make more money at one go while spending less. As such, you see people having a selection of more teams on their ticket and expecting to win millions. It does happen once in a while, but it’s a very rare case that can happen to 1 in 100 million people.
The small stakes that people put in and lose, of which they always lose is what makes betting companies rich. They collect that from different people and make one huge figure. It’s not the big stakes on a few odds that they want because those ones always have a chance to win and its usually their nightmare.
Simply put, you stand a better chance of putting in K100,000 just to win K30,000 than putting in K30,000 to win K100,000. The problem comes in trying to make more money at one go because you end up losing that money. Its a game of the mind than odds.
Using this understanding in real life, you will discover that most people lose money on things which promise unbelievable yields. It’s usually a chain that breaks no matter what. Money or success should not skip the process. When you skip certain procedures in your quest to make it faster and easier, you put whatever you have worked on to stand on one leg. Such success does not last.
It is important to be patient and disciplined enough to achieve results that can stay. Avoid shortcuts, don’t be enticed with things that promise quick and immediate glory. Work hard for anything, make small profits from each venture and when combined, they change your life, slowly and strongly.