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By Jonathan Lewis | 17th Nov 2022
The FIFA World Cup is one of the most anticipated sporting events in the world. Millions of people from all over the globe tune in to watch the best players in the world compete for the title of champion. This year’s tournament will be held in Qatar, and there is already a lot of speculation about who will win. If you’re looking to make some money by betting on the World Cup, then you need to read this blog post. Companies like Neds offer great World Cup betting odds, so be sure to check them out. Read on if you want to learn about betting tips you wouldn’t want to miss!
What Makes the World Cup So Famous?
The World Cup is one of the most prestigious events in the world. It is held every four years and features 32 national teams from around the globe. The tournament is organized by FIFA, the governing body of international football.
The World Cup is the most-watched sporting event in the world, with an estimated 3.5 billion viewers worldwide. It is also the most lucrative, with sponsors and tv rights deals worth billions of dollars.
So it’s no wonder that the World Cup is such a popular event for betting. Punters worldwide flock to online bookmakers every four years to place bets on their favourite teams. With the 2022 World Cup fast approaching, we’ve put together eight top betting tips to help you make some profitable wagers.
Look for Value Bets
The first tip is to look for value bets. This means finding odds that are out of line with the probability of an event happening. For example, if a team is quoted at odds of 2.00 (1/1) to win their group, but you think they have a 75% chance of winning, then that would be a value bet.
The key to finding value bets is to do your homework. Read up on the teams and their form leading into the World Cup. Look at factors such as team news, head-to-head records, and recent results. This will give you a better idea of how likely each team is to win their games and help you find those value bets.
Bet on the Favourites
The next tip is to bet on the favourites. This may seem like an obvious one, but you’d be surprised how many people bet against the favourites in the World Cup. The reason for this is that the World Cup is such an unpredictable event. Anything can happen, and the underdogs often spring a surprise or two.
But with that said, the favourites do tend to win more often than not. In the 2014 World Cup, for example, Germany were the favourites to win the tournament, and they did just that. So if you fancy a team to go all the way, then don’t be afraid to bet on them.
Consider Alternative Markets
When betting on the World Cup, don’t just stick to the standard markets such as match winner and top goalscorer. There are plenty of other markets that can offer some good value. For example, you could bet on which team will progress further in the tournament, or who will be the first team to be eliminated.
You could also bet on alternatives, such as how many goals will be scored in the tournament or which country will host the next World Cup. There are hundreds of different markets to choose from, so make sure you explore your options before placing your bets.
Don’t Chase Losses
One of the biggest mistakes that punters make is chasing their losses. This is when you place a bet in an attempt to recoup your losses from previous bets. For example, if you lose a bet on Germany winning their group, you might be tempted to bet on them to win the tournament in an attempt to win back your money.
But chasing your losses is a dangerous game. More often than not, you will end up losing even more money. So if you lose a bet, accept it and move on. Don’t try to chase your losses, as this will only lead to more pain in the long run.
Make Sure You Have a Bankroll Management Strategy
Before you start betting on the World Cup, make sure you have a bankroll management strategy in place. This is a plan for how much money you are going to bet and when. It is important to set aside a certain amount of money that you can afford to lose and stick to this no matter what.
You should also have a plan for how you are going to bet your money. For example, you might want to bet a certain percentage of your bankroll on each game. Or you might want to increase your bets after winning streaks and decrease them after losing streaks.
Whatever bankroll management strategy you choose, make sure you stick to it. This will help you stay in control of your betting and prevent you from making impulsive bets that can lead to big losses.
Avoid Betting on Every Game
With so many games to choose from, it can be tempting to bet on every single one. But this is a surefire way to lose your money. It is important to be selective with your bets and only bet on the games that you have a good chance of winning.
Don’t let your emotions dictate your bets. Just because you want your team to win doesn’t mean you should bet on them. Only bet on the games where you think you have a good chance of making a profit.
Wait for the Best Odds
Finally, make sure you wait for the best odds before placing your bets. The odds will change frequently in the lead up to the World Cup, so it is essential to be patient and wait for the best odds before placing your bet.
You can use an odds comparison site like Oddschecker to compare the odds from different bookmakers and ensure you are getting the best value for your money.