Mug Bets are the ones the bookmakers want you to make. A mug bet is one that is placed with hope, rather than expectation, that it will win. A mug bet is the antithesis of matched betting, where you are using a system of maths and skill to win, instead it's all about the luck.
Sure, placing a bet on your team to win, maybe with in a correct score, or just a simple 1x2 market, can be fun. As Sky Bet once said, it matters more when there's money on it (for more bookmaker branding bollocks look no further than this article). And who knows (certainly not you!), you might even win a few.
Accumulators are the worst kind of mug bet (unless you're using a series of refunds as part of an advantage play bet), and the one the bookmakers want you to make. When you place an accumulator, the odds you receive are multiplied together so through a few selections you can be looking at a massive return. The problem with accumulators, from the punters point of view, is that as the odds are multiplied together (and thus the potential return) so to is the bookmakers edge (the overround) meaning they are getting a larger and larger chance of winning.
Now there are some instances where a mug bet is a sensible course of action, and indeed should be used in accordance with matched betting and advantage play betting, and that's to prevent gubbing. Gubbing, or to be gubbed, is where a bookmaker will no longer take your bets, severely limits your account, or bars you from taking their future bonuses. It's annoying when it happens as burning an account could see a drop in your opportunity for profit, so the odd mug bet can be useful for disguising your true intentions. Give them a little bit back, in sports bets or the casino, and you might reap still bigger rewards over the long term.
In general though, mug bets are so called because they are made by people who are mugs. And that's not a compliment.
Sure, placing a bet on your team to win, maybe with in a correct score, or just a simple 1x2 market, can be fun. As Sky Bet once said, it matters more when there's money on it (for more bookmaker branding bollocks look no further than this article). And who knows (certainly not you!), you might even win a few.
Accumulators are the worst kind of mug bet (unless you're using a series of refunds as part of an advantage play bet), and the one the bookmakers want you to make. When you place an accumulator, the odds you receive are multiplied together so through a few selections you can be looking at a massive return. The problem with accumulators, from the punters point of view, is that as the odds are multiplied together (and thus the potential return) so to is the bookmakers edge (the overround) meaning they are getting a larger and larger chance of winning.
Now there are some instances where a mug bet is a sensible course of action, and indeed should be used in accordance with matched betting and advantage play betting, and that's to prevent gubbing. Gubbing, or to be gubbed, is where a bookmaker will no longer take your bets, severely limits your account, or bars you from taking their future bonuses. It's annoying when it happens as burning an account could see a drop in your opportunity for profit, so the odd mug bet can be useful for disguising your true intentions. Give them a little bit back, in sports bets or the casino, and you might reap still bigger rewards over the long term.
In general though, mug bets are so called because they are made by people who are mugs. And that's not a compliment.
A mug, or a mug punter, will pick a bookmaker (based on an advert, or convenience if their doing it on the highstreet) and stick with them.........regardless of whether that bookmaker is offering the best odds or offers on what they want to bet on.
A matched bettor (one who matched bets for dictionary affectionardos!) or an advantage play bettor uses the bookmaker's bonuses and odds and betting exchanges to make a profit regardless of the outcome of matches. This is smart betting, it's the opposite of being a mug.
Ask yourself, are you a mug or are you smart?
If you've answered mug, then don't worry, there's still time to change. Read our guide to matched betting, and get yourself the knowledge and skills you need to beat the bookmakers at their own game. There's money to be made, and there's no reason why it can't be you making it.
Finally, a mug bet is not to be confused with a mug of Bet Lynch. They are two very different things......................
A matched bettor (one who matched bets for dictionary affectionardos!) or an advantage play bettor uses the bookmaker's bonuses and odds and betting exchanges to make a profit regardless of the outcome of matches. This is smart betting, it's the opposite of being a mug.
Ask yourself, are you a mug or are you smart?
If you've answered mug, then don't worry, there's still time to change. Read our guide to matched betting, and get yourself the knowledge and skills you need to beat the bookmakers at their own game. There's money to be made, and there's no reason why it can't be you making it.
Finally, a mug bet is not to be confused with a mug of Bet Lynch. They are two very different things......................