7 Golden Betting Rules for Cricket Betting You Should Follow

Sports betting and cricket betting can be rewarding if done right.  A lot of first-time bettors make some common mistakes like betting with a very high amount or putting all the money in a single bet and ending up losing it all. They never set foot in the betting world again following a traumatic experience. 

Sounds like you? If Yes, read along for a systematic solution. If No, you will learn about some important betting rules you should follow. 

In this article, we cover some Golden Betting rules that you must keep in mind irrespective of whether you are an expert or a beginner. These rules will help you become a sound bettor and make calculated bets.

1. Bet only the money you afford to lose

We are often attracted to any opportunity that allows us to make more money from money. The idea of multiplying your money without much hard work attracts a lot of us. As a result, we end up putting up more money than we can afford to lose in such opportunities, which is a bad practice.

So the first and foremost golden rule of batting is to bet only with the money you can afford to lose.

For example, if you don’t go out for a pizza party and save $100 you can use that money to bet on sports and experience how it works. In case you end up losing it all, you can assume you attended a pizza party and move on with life. And if you made profits, you can use that to continue betting on more matches.

Only consider increasing the amount once you are well-versed with the system. But never put more than you can afford to lose. Because one bad day can wipe out all you earned.

2. Bet only on sports you understand

Betting can be done almost on all the major sports out there. You can be lured by amazing cricket odds and end up betting on sports you don’t even understand. But your lack of knowledge can lead to losses more often than profits. Hence you should make it a point to only bet on the sports that you have a great understanding of. This increases the possibility of you winning.

For example, you regularly watch cricket and know about the teams and the players participating in a particular match. You will be very confident to place bets on that particular match because of your knowledge. Plus, the chances of you winning will be higher.

3. Never Bet to recover losses

This is one of the most important rules of betting.

We tend to engage in revenge betting when we are losing. In this process to recover the losses, we end up losing even more. Hence, you should avoid revenge betting at all costs. 

Whenever you are facing continuous loss, just take a break. Shut down your computer screen or log out from your mobile application. Go for a walk, listen to music. Engage in activities that make you happy. And start again with a fresh mind.

4. Choose a trustworthy betting platform

You would not want anyone to run away with your hard-earned profits and that is why it is paramount that you choose a trustworthy betting platform. There are many fake platforms out there that attract users by providing them false odds and eventually run away with their money. Do not fall into such a trap. Instead, use one of India’s best betting platforms – MK Sports!

MK Sports Online is one of the safest and most trustworthy betting platforms in India with competitive odds, and generous bonuses, and provides the best betting experience to the users. And the registration process is very simple and you can start betting in just 1 minute. Explore various betting options, live match streaming, casino games, and multiple sports only on MK Sports!

5. Never place all your money on a single bet

Never make this mistake of placing all your money on a single bet no matter how lucrative the opportunity is because if things go south, you lose everything and you’ll never return to betting ever again.

For example, if India is playing against a weak Namibia there are 100% chance that India will win this match. So you might think let me place all my money on this bet because the outcome is almost predictable. But, this might prove to be a huge mistake.

What if Namibia upset India? India will receive some hatred for a while but you lose your entire capital. Why risk everything for a little to gain? (Technically, the odds will be highly in favor of India and even if you win, the amount won’t be too much)

Try to place less than 5% of your money on a single bet. This is just an arbitrary number. You can decide the number you are comfortable with. Ideally, you should not bet more than 15% of your capital on a single bet.

Or, if you are a premiere bettor, try our cricket exchange betting, you can bet on both sides in the middle of the game to make sure you won’t lose or even win more in cricket betting!

6. Don’t make betting your primary source of income

There is this famous saying in the stock market, “Do not depend on the stock market, to make money from the stock market.” The essence of this quote is that you should always have a primary source of income and treat the stock market as a secondary source of income.

In that way, you won’t be forced to sell your stocks when you are sitting at a loss just because you have a family to feed.

Similarly, you should practice betting as fun or as a secondary or additional source of income. If you depend on betting as a primary income then you will be obliged to bet every day and end up losing a lot of money doing so.

Thus you should not depend on betting income if you want to profit from betting. 

7. Have Fun

Last but not least, do not forget to have fun while betting. After all, this is the main reason why you started betting in the first place. Don’t take profits or losses from betting too seriously and you will find yourselves making a decent amount from it.

These are the 7 golden rules of cricket betting you must follow in your betting journey. And don’t forget to follow MK SPorts Online Betting Blog where you can find all the useful tips for cricket betting and also analysis of various tournaments that will help your decision in wagering.