In the past I’ve written posts about different bet types. Which bet types are most suited to different strategies and which bet types reduce, or increase, risk levels.
But I need to apologise.
Because I’ve failed to write a blog post about the most important aspect of choosing the right bet type.
The bet type that most suits your personality.
The truth is that understanding your personality is key to determining how you should choose the bet types you use.
I’d like to ask you to ask yourself some questions. Grab a piece of paper and a pen so you can write down the answers.
Don’t worry, you can throw away this piece of paper afterwards. It’s just for you, nobody else is going to see it.
So please be completely honest with yourself.
There is no right or wrong answer to these questions. There’s no trick.
What we’re going to do is determine the type of bets that are most likely to suit you.
Are you ready?
Here are the questions you need to ask yourself…
- Would you consider you are happy with High Risk, Medium Risk or Low Risk betting?
- Do you think you can cope with losing streaks of Less than 5, Less than 10, Over 10?
- Are you comfortable with a downswing lasting 1 week, 1 month, 3 months or longer?
Try and choose just one answer from each of the above. And be honest with yourself. If you’re not comfortable with losing streaks of more than 10 then write that down.
Below are three tables with the answers for each of the questions above down the side and the different bet types along the top.
In each box is a tick or a cross showing a recommendation for the different bet types that suit your answer.
Count the number of ticks you have for each bet type and the one with the most ticks is the one your personality is likely to be most suited to.
And don’t forget, you can also use the crosses to show you the bet types that you’re most likely to struggle with!
Would you consider you are happy with High Risk, Medium Risk or Low Risk betting?
Do you think you can cope with losing streaks of Less than 10, Less than 25, Over 25?
Are you comfortable with a downswing lasting 1 week, 1 month, 3 months or longer?