The sports betting craze has taken over Kenya [Courtesy]

A new year is here, and opportunities for new beginnings have come with it. We bet you’ve been thinking of starting to bet - with a mindset of winning some bucks, just like your friends of course. It is now your time to throw yourself into betting, but you have to be careful. Here are some of the things you must keep in mind:

Have a budget

You’re a beginner, so don’t expect to succeed on the word go! You’re not going to win every single bet that you place. But this should not scare you. Look at the losses you might make in the beginning as an investment. In fact, the losses will turn around to be huge savings once you gain the knowledge and acquire the much-needed experience. It is important not to bet more money than you can afford to lose.

Be patient

We already mentioned how it takes knowledge and experience to be successful, both of which take time to master. It’s natural to want to start winning as soon as possible. We understand this. It’s also why we suggest thinking long term. It will be hard at times, especially if you feel like you’re not really progressing, but you’ve just got to deal with that. You’ll just end up making lots of mistakes if you try to rush things. It is always important to stay focused on your ultimate goals. That’s the only way you’ll ever actually achieve them.

Compare odds

Get this. For starters, better odds lead to higher payouts, so you make more money on the wagers you win. How do you get better odds? Manoeuvre through the many available betting firms. You can further enhance that advantage by having accounts with a number of online betting sites and shopping around to get the best deal for each wager you place.

Follow the sport closely

Paying close attention to what’s going on in the world of sports is clearly going to help when betting. The better you know the teams and players, the more likely you’ll be to make good betting decisions.

There are several ways to keep up to date with football and make sure that you have the information needed to make informed judgments and predictions. The following are the most effective: watch plenty of games, read match previews and reports, keep track of injuries and squad changes, then finally get the views and opinions of others.

Prioritise ‘watching many games’, because it is the best way to form your own opinion about teams and players. It also provides real insight into their quality, form and style of play. That’s all useful information to have.

Trust your instincts

One thing people don’t talk about very much in betting but is important is instincts. This is partly because instinct isn’t tangible. We can’t really teach people how to interpret instinctive thoughts, or how to factor instinct into a betting decision. One thing we can say though is that there’s nothing wrong with trusting your instincts. In fact, there will be times when you’ll want to rely on them completely.