Betting on football has its charm and many people make a living out of it. While having a lot of advantages, betting on football games hides some significant risks as well. In the following lines we will try to go through the main pros and cons of football betting.
Advantages of football betting
- Profits are tax free. Winnings of your bet can be 100% tax free if you use spread betting system. Otherwise you will have to pay Capital Gains Tax.
- Low investment. You can gain a fortune if you place correct bets on even a single football game. So bottom line is that you get huge profits with minimum investment.
- Save the broker commissions. In most cases betting on football games using the spread betting system can save you the broker’s commissions.
- Free betting on football is often available especially online. This is a convenient way to learn and get accustomed to betting if you are new to it.
Disadvantages of football betting
- A serious disadvantage of betting on football is that you can easily spend more than you can afford. Many people make this mistake simply because they didn’t do the calculations right or just because they hope to win and put all their money on a single bet. It is of utmost importance to know that in some occasions you can loose more than your initial bet.
- Betting on football as well as on any other game is time consuming task. To make yourself successful you need to dedicate a lot of your time in researching your team as well as all of the teams they will play against. Failing to do this can result in huge losses over time.
- It is natural that most of the people who are into betting will deny it but the reality shows that once you start you will want more of it. Since you cannot always win, be prepared to lose in a smart way. This is easily achieved if you learn to bet safely and allocate a specific amount of money you will use for betting for a specific period of time. Also it is good to devise some rules for the money you will win from betting. It is wise to use part of them to bet again and another part for your general needs. mpo19 rtp