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How to bet on the Premier League

22 Jan | BY Betway Insider | MIN READ TIME |
How to bet on the Premier League

Our handy guide explains the best football betting strategies and tools for Premier League betting, including how to understand odds and which mistakes to avoid.

How to bet on the Premier League

The Premier League is one of the most popular and competitive football leagues in the world. With top teams like Manchester City, Liverpool, Arsenal and Chelsea, it’s no wonder that fans and bettors alike are drawn to the excitement of the Premier League.

But with so many teams and matches, how do you know where to place your bets? In this article, we’ll discuss some strategies for betting on the Premier League and how to increase your chances of winning.

Understanding Premier League Odds

Before we dive into betting strategies, it’s important to understand how Premier League odds work. Odds are used to determine the likelihood of a certain outcome in a match. They are typically displayed in three formats: decimal, fractional, and American.

Decimal Odds

Decimal odds are the most common format used in the Premier League. They represent the total payout you will receive if your bet is successful, including your initial stake. For example, if the odds for a team to win are 2.50, a £10 bet would result in a £25 payout.

Fractional Odds

Fractional odds are most commonly used for football betting in the UK and Ireland. They represent the potential profit you will receive if your bet is successful, not including your initial stake. For example, if the odds for a team to win are 3/1, a £10 bet would result in a £30 payout.

American Odds

American odds are primarily used in the US and Canada. They are displayed as either a positive or negative number and indicate the amount you would need to bet to win $100 or the amount you would win if you bet £100. For example, if the odds for a team to win are +200, a £100 bet would result in a £200 payout.

Premier League Betting Strategies

Now that you understand how odds work, let’s discuss some strategies Premier League betting.

The key to successful betting is research and analysis. Before placing any bets, it’s important to research the teams, their recent form, and any injuries or suspensions that may affect the outcome of the match.

You should also analyze the statistics of previous matches between the two teams, as well as their performance against similar opponents. This will give you a better understanding of the teams and their chances of winning.

Home Advantage

In the Premier League, home advantage is a significant factor to consider when placing bets. On average, home teams win around 45% of matches, while away teams win around 30%. This means that home teams have a higher chance of winning, so it’s important to take this into account when placing your bets.

Follow the trends

Another strategy for betting on the Premier League is to follow the trends. This means looking at the recent form of teams and betting on those that are on a winning streak or have been performing well in recent matches. Similarly, you can also bet against teams that are on a losing streak or have been performing poorly.

Consider In-Play Betting

In-play betting, also known as live betting, allows you to place bets during a match. This can be a great strategy for betting on the Premier League, as it allows you to see how the match is playing out before placing your bets. You can also take advantage of changing odds and bet on different outcomes as the match progresses.

Premier League Betting Tools

Betting Tips and Predictions

There are also many websites and experts that offer Premier League betting tips and predictions. While these should not be solely relied upon, they can provide valuable insights and help you make more informed betting decisions.

You can ready Betway’s blog – the Betway Insider – for all the latest football betting tips and predictions.

Premier League Betting Mistakes to Avoid

While there are many strategies and tools that can help you when betting on the Premier League, there are also some common mistakes that bettors should avoid.

Betting with Your Heart

As a fan of a particular team, it can be tempting to bet on them regardless of the odds or their recent form. However, this can lead to biased and irrational betting decisions, which can result in losses.

Chasing Losses

Another mistake to avoid is chasing losses. If you have a losing streak, it can be tempting to keep betting in the hopes of winning back your losses. However, this can lead to even bigger losses and should be avoided.

Not Setting a Budget

It’s important to set a budget for your betting and stick to it. This will help you avoid overspending and potentially getting into financial trouble.

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Betway Insider

Betway Insider

The Insider is an editorial blog for Betway, one of the best betting sites, featuring sporting insight, intelligent comment and informed betting tips for football betting and all other major sports.

Betway Insider

Betway Insider

The Insider is an editorial blog for Betway, one of the best betting sites, featuring sporting insight, intelligent comment and informed betting tips for football betting and all other major sports.