You can minimise losses and maximise wins with a sound betting strategy. Although you will always need a small bit of luck to generate money, you can increase your chances of winning at online betting by planning ahead with a sound strategy.
We’ll examine a variety of sports betting techniques in this post that you may simply use into your wagers. We’ve covered both sophisticated betting techniques used by professional sports bettors and fundamental ideas you should instill in yourself at betway.com
Why Make Use of a Betting Plan
Using a betting strategy enables you to place logical wagers. It’s simple to browse through a large number of games and markets before selecting one, but if you do so without using any sense, you will lose money far more quickly than you will make it.
Fundamentals of Sports Betting Techniques
We want to cover a few fundamental ideas before delving deeper into sophisticated sports betting strategy. These are essential if you want to regularly profit from sports betting and are as much rules as methods at betway.com
1. Management of Bankrolls
It is best to think of sports betting as an investment. To try and win more money (ROI), you commit time (research) and money (stake). The amount you should bet on each bet will depend on your bankroll, therefore it’s important to stick to these restrictions so that, should you lose (which you will occasionally), you can absorb the loss without worrying about money at betway.com
You should use a points system to determine how much you wager on sports betting websites. This could be one point for regular bets; anything up to five points (depending on the amount of value the bet has) is acceptable for bets that are judged to have higher value.
Using 1% for 1 point is a simple way to calculate this. For instance, one point would be $10 (1%), if your bankroll is $1,000. This is often a secure place to start, though it can be changed depending on how simple it is to replace the bankroll.
2. Discover How Odds Are Calculated
It is essential to understand how betting odds operate prior to making any kind of wager. The payout based on the likelihood of that outcome is represented by the odds. For heads or tails, a coin flip would yield a payout of 50/50 or even money (+100).
It’s also important to understand why the probability vary. There are usually two examples of this, and they are dependent on the stakes or any other factor that could influence the outcome, like an injury to a top player or alterations to the racetrack at betway.com
3. Locate the Best Odds Available
It will take time to get the optimal betting lines for your selections. For the same wager, all of the top online sportsbooks will offer various lines; if you don’t choose the best deal, you’re leaving a tonne of money on the table.
The NFL match between the Denver Broncos and the Kansas City Chiefs is depicted in the example above. There are differences in the odds or lines for each market. The payoff would be as follows if we were to wager on the Broncos to win and simply took the straight moneyline wager:
$100 at BetOnline + 460 = $460 in profit
$100 at BetUS + 450 = $450 in profit
This indicates that we profit $10 more betting with BetOnline than with BetUS for every $100 we stake.
4. Refrain from Parlay Bets
Despite their popularity, parlay bets should be avoided even if they offer the possibility of enormous payouts for little initial investments. But, you must shun this kind of wager like the plague if you hope to make money online betting in the long run at betway.com
The reason is that they almost never win and that you will ultimately lose a lot more money than they make. They will deplete your bankroll more quickly than you can keep up with them if you’re just getting started, especially if you have a little one. Limit your betting to straight and futures markets.
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5. Accept the Data
When selecting possible options, data is essential. Using a service like BetIdeas, which offers predictions powered by AI, is highly recommended. A bet requires more than just a gut instinct or intuition; instead, it requires facts that can be used to make sure you’re making the right decisions.
Numerous websites provide both paid and free data services. The NFL, MLB, NHL, and NBA websites provide access to a wealth of free data. Paid websites won’t always have access to additional information, but they will save you a tonne of time, particularly in the beginning, by assisting you in turning the statistics into wagers at betway.com
Advanced Techniques for Sports Betting
The betting technique described above is one that you will always need to be aware of. While they are a valuable practice in and of themselves, we wanted to move on to techniques that you can test and determine if they are appropriate for the bets you wish to make.
Depending on the kind of bets made and the size of the sample size of the data, there can be occasions when one sports betting strategy would perform better than another. The key is knowing when to apply each strategy. Once you’ve tried them all, determine which one(s) suits you the best at betway.com
1. Protecting Bets
In order to lock in a profit or reduce a loss, hedging bets involve backing against the original wager. It’s made to make sure you cover all the bases and, hopefully, turn a profit on every outcome. However, don’t discount hedging as a crucial tool in your loss-limiting arsenal; it’s a tactic that’s frequently disregarded.
Let’s go over an actual case study of how a hedge might be used.
The Kansas City Chiefs were as high as +1000 before the season’s opening game in the 2022 NFL season. Thus, you would profit $1,000 if you wagered $100 at such odds.
When they finally made it to the Super Bowl, they faced the Philadelphia Eagles and were the small underdogs at odds of +105 to win. These odds, meanwhile, are far lower than the initial cost at betway.com
Now that the Chiefs are winning, we would essentially make a “profit” that we would use to back the Eagles to win at odds of -125 in order to hedge. Assume for the moment that we wager $500 on the Eagles at odds of -125.
Eagles to win: $500 at -125, or a profit of $400
The wager is now hedged, and for a $100 wager, we will profit $300 if the Eagles win ($400 – $100 original stake on the Chiefs) and $500 if the Chiefs win ($1,000 – $500 stake on the Eagles).
Hedging is a wise move because it allows you to adjust your bets according to your stake, favouring one outcome or ensuring equal profits on both. When attempting to get an equal payout, using this hedging calculator here saves a great deal of time.
2. Make Your Own Lines for Betting
You can utilise this fantastic tool to make your own betting line as you get more comfortable with online betting. Here, you’re taking on the role of your own bookmaker, using all the information at your disposal to generate a line.
The idea here is that you can then determine whether or not it offers value by comparing that line to the odds provided by your sportsbook. Value would be indicated by higher odds; if they are lower, there won’t be any at betway.com
Calculating a market’s implied likelihood using a percentage makes this process simpler. A 50/50 chance would therefore have an indicated probability of 50% and an associated odds of +100. It simply indicates that, when using odds alone, we can produce a round 100% market rather than an offset one.
We’re going to use this forthcoming match between West Ham and Newcastle United from the English Premier League as an example.
Assuming that we have conducted our study, the indicated likelihood of the win/draw/win market is as follows.
To win, West Ham = 20% = +400
Draw = 25% = +300
55% to win for Newcastle = -122
Now, we must contrast the odds with what a recommended bookmaker is providing. The fact that the bookmaker’s odds for West Ham to win and the draw are significantly lower indicates that, based on our presumptions, they don’t represent good value.
But while one bookmaker has Newcastle winning this game only 45% of the time at odds of +120, we believe they win 55% of the time, giving us odds of -122. This now demonstrates the worth of this choice at betway.com
3. Diminish Public Awareness
One of the most popular betting techniques that gives players the opportunity to profit on inflated odds is fade the public. One important thing to keep in mind while using this betting strategy is that the betting lines take into account both the amount of money put on one side of the market and the expected outcome of the event.
Based on the quantity of money staked and exposure, the bookmaker is continuously attempting to balance the books. Based on this, they will shift the lines, and if one side is heavier than the other (has a larger exposure), they will increase the popularity of the opposing line to promote additional wagers at betway.com
This does not, however, imply that the line will occur more frequently and provide value to the punter.
The LA Lakers, for instance, are among the most well-liked NBA teams and are frequently the subject of bets due to their popularity. If a spread started at -5.5 and moved to -7.5, it’s not because there’s a greater likelihood of a cover; rather, there’s been an increase in money-based trading.
The next step in the plan would be to wager on the other team at +7.5, which is a better bargain because the line has changed depending on the amount of bets rather than the probability of covering the initial spread.
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4. Dutching
Using the Dutching betting method, one can place many wagers on the same game or match in an attempt to achieve an equal profit or loss on all outcomes. Although it can also be employed as a general sports betting strategy when necessary, this method works best when used to claim, clear, or trigger free bets or bonuses.
For this method to be profitable, you usually need to use many betting sites or for the lines to shift dramatically. It’s comparable to hedging, but in order for it to be effective, every outcome must result in the same profit or loss.
To guarantee that you bet the appropriate amount on each market, you will need a Dutching calculator before you begin. We’ll use tennis as our example because it’s one of the most popular sports to “Dutch,” but the same rules apply to other sports.
Assume that the offering is a $10 free bet that is offered when you wager $10 on a match between Andy Murray and Roger Federer. Murray is listed at +150 and Federer at -200. Our calculation indicates that we should bet the following amounts, so we do that at betway.com
According to the chart, in order to guarantee a $1 loss on every outcome, we must put $6 on Murray after placing our $10 free bet on Federer. This implies that our $10 free wager only costs us $1.
5. Kelly Standard
When it comes to determining how much to wager on the market, sports bettors might benefit from the Kelly Criterion in gambling. It is employed in conjunction with other betting techniques to ascertain the probability of the outcome and the extent of your exposure to that wager.
You can utilise a variety of online calculators, but there are several fundamental math concepts you should be aware of.
B = Odds in Decimal
P = Likelihood of Success
Q stands for Probability of Losing.
(BP-Q) / B
Let’s look at an example of how this could function. We’re going to employ the points spread for the Timberwolves vs. Lakers upcoming NBA game.
The odds, as you can see, are -110 (1.91) for an overall O/U of 231.5. We believe that this will be easily covered, though, and hence give the “over” a 65:35 chance of occurring. At that point, our formula might resemble this:
(27% stake on the Over) = (0.91 * 0.65 – 0.35) / 0.91 = 0.27
This algorithm would then suggest that we wager 27% of our bankroll on the over-bet because we believe the line to be so far off. Although this is an extreme example and the numbers would typically be much closer, it’s a wonderful tool to assess how much of a difference there is between you and the betting site about the odds that are offered and the perceived value that these lines offer at betway.com
Making the Most of Cash Out Betting
When utilised properly, cash out may be a powerful instrument in online betting. The idea behind it is that you can lock in a profit or limit a loss by closing a bet before the market closes.
Keeping an eye on games and responding to developments within them is one of the finest methods to make use of cash out betting. For instance, it could be a smart idea to lock in a profit without taking on the danger of losing if you’ve supported a side to win and they gain a slim lead (within a single score) with little time remaining.
On the other hand, if your choice is losing, you have the option to pay out. The game might tie or even get extremely close at this point, giving you the option to cash out for a slight loss or even to break even.
Become an Authority in a Group or League
Overstretching oneself is one of the major mistakes made by recreational sports bettors. They frequently cover far too many games from sports about which they know very little or nothing.
We advise you to start off small and wager on teams or leagues that you are familiar with if you are new to online sports betting. For instance, if you’re an expert on the Premier League, try your hand at one of the top “football” betting sites in the UK to see how good you are. Success depends on having as much knowledge as possible while making decisions.
Placing bets on your own team might offer benefits and drawbacks. It’s acceptable to wager on the team you favour as long as you can maintain objectivity and eliminate bias from your decision. However, you must be able to step back from the outcome you desire and select the one that has the best chance of occurring at betway.com
For instance, there’s a high chance you know the LA Lakers and the NBA rather well if you’re a fan. Start by searching NBA betting sites for wagers on Lakers games, and then broaden your search to include other teams in the league.
Sports Betting’s Best Strategy
Sports betting methods will vary from one sport to the next. The main US sports leagues and the best kind of strategy for each have been described in this section.
NBA Betting Methodology
Betting against the public is one of the most popular methods in the NBA. There are significant fluctuations in fan support for each side, therefore it’s common for odds to be inflated because people are just placing bets on their favourites. If you’re wondering how to bet on basketball, the best course of action is to follow the opening lines and see how the odds shift closer to tip-off at betway.com
MLB Betting Approach
When betting on the MLB, you should focus on over/under games, especially those with large lines (+/- 7.5 runs). Lines like this in sports usually indicate that high-scoring games are anticipated, which helps the underdog pull off an upset. Use our expert advice on how to profitably wager on MLB, and look for any value in the spread and moneyline.
NFL Betting Methodology
When it comes to sports betting, the NFL is the most competitive. It’s amazing that bookies cover the spread at a rate of 50.3%, indicating that in this market, it’s essentially a coin flip most of the time.
Context betting is a clever strategy used by bettors to find results based on performance from the prior week. This implies that they determine the reason for the outcome rather than merely accepting the outcome from the prior week. This could include the kinds of scoring plays that were made, the players that were doing well, the opponents’ styles, or even the advantage of having home ground at betway.com
A team does not guarantee that they will win by 30 points the following time. Thus, you have to take that into account when choosing how to wager on NFL games all the way through the regular season, the postseason, and the Super Bowl.
NHL Betting Methods
Despite being the least scoring of the “big four” sports, the NHL has several benefits. Fading the public and placing the majority of your bets on home-ice advantage is one of the best techniques, just as in the NBA. Because of this, the underdog is frequently a good bargain and ought to be considered in both spread and moneyline wagers for every game. We advise you to wager on NHL play on rinks located in North America and Canada in this manner at betway.com
Strategy for Betting on Golf
The best places to gamble on golf are using futures betting markets and cash out. You can use the cash out tool to lock in a profit before the event ends because the sport offers large pre-tournament odds.
For instance, the majority of favourites start with odds of at least +1000 or greater. All it takes for these odds to drastically drop is for them to start out reasonably well. It’s possible that you can lock in a profit before the event concludes by cashing out following a strong first round at betway.com
Surprise winners in Majors and other major competitions are not uncommon. There aren’t many, if any, golf betting gurus that will recommend these guys, so another wise move is to look at the top 10 and top 20 finish markets.
