Small bets = Big money?

Let’s get this straight. Small bets (as in, putting small amounts of money as a betting stake) can’t really lead to winning big money…can it? Most of us are far from mathematical geniuses, but even we can work out that small amounts won’t lead to big prizes, right?

Well, that’s where we’re wrong. Actually, mathematically speaking, there are several ways that placing small bets can lead you to win big bucks. How? By placing your bets the right way, for the right amount of money.

Know where to play

Betting is betting is betting, right?  Wrong.

It may sound obvious, but knowing where to wage your small bets is the most important part of the battle.

Betting small on big events like the Superbowl or World Cup won’t see you get any major returns; when there is less competition and so less chance of outlandish odds, small betting will get you nowhere unless a miracle takes place and you also pick the right side.
You’re much more likely to win big from small bets with quick, structured bets, such as those found in online bingo.

These sorts of games allow you to play with just a small stake and have the same odds as anybody else. The difference between betting small at the Superbowl and playing online bingo games is that, with the latter, you create your own odds while with the former, these are provided for you.

Types of small bets

What counts as a ‘small bet’?

For some players, it could be $1; for others, $0.01. The best way to decide what is appropriate is to look at the circumstances in which you’re playing – how much is the buy-in? How much is the prize? What will it cost you to increase your bet? What’s your budget and so on. In any case, placing a small bet – if any amount – minimizes the risk while potentially maximizing the profits playing darmowe spiny za rejestrację

Another way to do it is to split up your small bets. Rather than bet on definite outcomes, bet on possibilities – something will be over X amount, or something will be between X and Y amounts. Spread betting, as it is known, is the safest way to gamble, as your likelihood of success increases with each extra bet you place on another outcome.

Bet a little on each outcome. Reap the winnings. Bet the same amount next time. Learn what works, and what doesn’t, and then repeat the pattern which works best for you.
As Creative Social Blog reports, Chris Rock is a fan of this approach, using it to test out what works in his routine, and what doesn’t. Playing to small crowds is a useful analytical tool, and small bets are no different.

Learn which risks work for you and learn from the experiences

In this video, female entrepreneurs discuss what they have learned from the risky business situations they’ve faced, and what positive lessons they took away from these.

Whether you’re placing a small bet in online gambling, or making a life choice, it always pays to play to risk if that risk works for you. At the same time, risk can be healthy – just make sure it’s calculated, with the potential for a good payoff.