Description: Everything you need to know about sports betting in Bangladesh – picking a betting site, analyzing your matches, your attitude towards gambling, how to bank and your betting strategies. In this article, we will discuss betting tips and other useful nuances for beginners.
Features of Sports Betting in Bangladesh
Gambling is illegal in Bangladesh. Citizens of this country can legally bet only on horse racing. In other cases, you will not be able to find a bookmaker licensed by the government authorities in Bangladesh. In such circumstances, you can safely use foreign sites for betting – it is easy and safe. The main thing is to remember to enable the VPN before visiting the bookmaker’s site. However, even foreign betting site can be insecure – not all bookmakers are honest with their customers. Therefore, it is important to take your choice of bookmaker seriously. The right site for betting will not only help you avoid negative experiences, but also enjoy betting. Winning is not unimportant – reliable and honest bookmakers offer their customers high odds.
How to Choose a Bookmaker for Betting
For those who want to start betting on sports, it is necessary to determine the site for betting. There are bookmakers that offer various bonuses only for registration or for depositing your account. But if you plan to play for the long haul, consider the promotions last.
First, Pay Attention To
- Reliability and legality of the bookmaker. You can see if this betting site has a license obtained in another country. Having a license reduces your risk of coming across a dishonest bookmaker to a minimum.
- The size of the odds compared to the quotations of other bookmakers.
- The presence of a wide choice of sports and wide coverage of events.
- The variety of in-play bets.
- The convenience of making bets on the site of the bookmaker and in the bookmaker’s mobile app. A great option would be a site for betting that has localization for players from Bangladesh. This is one of the signs that the bookmaker has been operating in your region for a long time.
- Payment methods so that you can deposit or withdraw your funds as soon as possible. You need to understand that you will need to exchange currencies to make deposits on the site for betting or to withdraw your winnings. For the safety of players from Bangladesh, it is recommended to use cryptocurrency wallets or non-state payment systems.
How to Choose a Match to Bet On
For a new player, it is important to decide on the sport and championship on which he or she will bet. There may be several such tournaments. But the more competitions you try to cover, the less time there will be for analysis. Because of this, the probability of accurate predictions in betting on sporting events decreases.
First and Foremost, You Need to Choose
- A sport, which you know well;
- The top championship;
- A few popular clubs.
The main task is to learn how to qualitatively analyze the balance of power at least in some matches. Superficial studying of your opponents at a distance leads to losing the pot.
What You Need to Know About Sports Betting: Attitudes Towards Gambling
Before you start playing on a betting site, you need to understand your goal and the risks. If you treat betting as a way to make money, be prepared for a full-time job studying statistics, watching matches, following the news, and so on. Fortunately, many betting sites have a sports news section to make your analytical work easier.
Otherwise, treat betting at bookmakers’ offices as entertainment for which you will pay. After all, without systematic analytical work and good knowledge of sports, it is almost impossible to beat a bookmaker over the long haul.
There are three mistakes that can lead to huge problems:
- Betting when you have the credit or other obligations.
- Borrowing money for a bet.
- Putting possible gambling income into your budget.
Remember that even a series of failures should not become a financial or psychological problem for you. Otherwise, it is better not to bet.
How to Determine the Game Bank for Betting
In order to bet on sports, determine your game bank. You need to understand how much you are willing to risk to bet with a betting site.
Set a maximum drawdown size for yourself so that you do not exceed this limit and do not lose more than you can afford.
Select the size of the bet based on the size of the bank. Allocate no more than 5% of your bankroll to one bet. You increase the risk of losing money completely when betting on a larger amount.
Remember, that for betting, you can allocate only the money that is not critical to lose. It must be free finances.
For those who wish to earn in the long term – this is the amount you can allocate to investments. For emotion lovers, this is money compared to spending on your other entertainment.
It is also possible to make bets without money. There are virtual accounts for this purpose. Using them, you check your profitability at a distance and only then decide whether to play for real money.
How to Bet Correctly for Beginners
All you need to know about sports betting at the initial stage, we have taken care of. Now let’s move on to the most interesting – tips for beginners who want to try their hand at online betting sites.
There can be no guaranteed profit in sports betting. Even when betting on opposite outcomes with odds above 2.00, there is a risk. Because of a mistake or irregularities on a winning bet, the bookmaker can make a return.
Let’s List the Principles That Will Reduce the Risks
In sports, no one can be 100% sure even of the victory of a clear favourite. Betting odds for the stronger team are usually around 1.10-1.40 or even lower. At such odds, it is difficult to increase the bank. This rule applies to any betting site.
Keep the number of Parlay odds to a minimum. Each Parlay consists of two or more events. If one fails, the entire bet is lost. If you do play this type of bet, add no more than three outcomes at odds under 2.00 to your betting slip.
Do not try to win back immediately after a series of unsuccessful bets. When the bank is sagging, take a break and figure out the reasons for these failures. Otherwise, you bet on emotion and risk completely draining your bank.
Find the best sports betting strategies for you and stick to them. First, test the strategies on paper or a virtual account. When playing on the plus side, you can transfer the tactics to betting for money.
Follow the chosen strategy and do not deviate from it in case of temporary setbacks. When a player breaks his rules, chaos begins in his betting. This leads to bad results.
Avoid betting on the team you are rooting for. Personal preferences can play against you, as you will be biased in predicting the result of the match.
Don’t make hasty bets in live betting. Live betting events should be as carefully selected and analyzed as pre-match bets.
If you’ve decided to become an active user of a betting site, you need to decide on your strategy. You will either bet online for fun or to make money. In the second case, you should use the tips in this article.
When you visit a betting site in Bangladesh, don’t forget to use VPNs and other means to ensure your anonymity. It is worth refraining from transactions through a bank – use a cryptocurrency wallet or one of the popular payment systems (Neteller, Skrill, AstroPay, etc.).
Mobile apps are also available on betting sites. You can download the bookmaker’s mobile app to play at any time. The precautions are the same – enable VPN before opening the app.
Remember that betting on sports is always a risk. No betting site will give you a guarantee of winning. If a bookmaker guarantees you that he knows exactly about a rigged match and you urgently need to place a bet to get a big win, then you are being cheated by scammers. No reliable bookmaker will spread such rumours.