Why do the vast majority of bettors fail to place winning bets most of the time? The reason is that they play without a specific goal. Only with experience comes the understanding that betting in India is a business, but every inexperienced entrepreneur should have a business plan.
But how to create a business plan if betting is unpredictable? You can lose one week or a month completely and then come out in the black. The same phenomena can be observed in actual business. The key goal of any entrepreneur is to get an advantage at the distance. Short-term losses are possible in any activity, and it’s okay. Let’s figure out how a bettor should make a business plan.
Types Of Goals In Betting
There are three main types of goals set by those who enjoy betting in India:
- Short-term;
- Medium-term;
- Long-term.
Let’s start with short-term goals. At this point, many bettors make a gross mistake. A short-term goal often extends to a month of betting. Many beginners set a goal to increase their bank by 100 or 200% in a short time. This goal is realistic, but luckily, not experience will play a decisive role. Every month won’t be lucky, so increasing the bankroll two or three times monthly won’t work. If you increase the bank by 15%, it will be an achievement. So, each bettor should set a realistic short-term goal and raise the bank by 10-15% per month.
The long-term goal extends to the season. If it’s football, a season lasts from August to May (10 months). Calculating a long-term goal isn’t difficult, keeping in mind the short-term goal of increasing your bankroll by 100-150% over the season. An entrepreneur who could double his initial investments in a year is fantastic. For this reason, don’t set high monthly goals right off the bat. It’ll make your plan for the year look fantastic.
Why set such goals while betting in India? It’s simple to analyze your work, find mistakes, fix them, and adjust your strategy. If a short-term plan isn’t achieved within a month, the user must figure out what caused it. For example, for half a season, the bettor should increase his bankroll by at least 50%. If it’s impossible, the user should analyze his bets for all that time, trying to figure out what caused the failure in the medium term.
Types Of Bankrolls And Goals For Them
The key task of every beginner bettor is to connect the three concepts: Bankroll – Goal – Distance. Beginners shouldn’t immediately set high goals and take risks. They should play with small sums first, accomplishing down-to-earth tasks.
A small bankroll differs for every bettor. It all depends on overall wealth. Using it, bettors should learn to add 10-15% to their account on average in a month.
It can take from several months to several years to achieve this task. It’s complex and accomplishing it will help to avoid large financial losses in the future.
After learning to increase your bankroll by 10-15% per month, it’s worth moving on to the next stage.
It’s necessary to increase your bankroll while betting in India. Many users have enormous difficulties in going from small to large amounts. They need to get used to them gradually. So, it’s better to increase the betting amount by 5-6 times, while trying to increase the entire sum by at least 50% during half of the season.
Opening a large account, trying to increase it during the season by 100%, is possible only if you know how to work with small and medium bankrolls. A large bankroll means that the user has become a big entrepreneur, who must set himself big, but realistic goals by learning the basics of betting.
