The world of online sports betting is vast and, for new players, can be quite intimidating and confusing. Learning how betting works and how to make successful bets consistently adds to the challenge.
Experienced sports bettors know that using an effective betting strategy can dramatically improve their chances of success, each and every time that strategy is applied. What’s really great about betting strategies is that there are plenty to choose from. Each brings its own unique set of qualities, allowing you to pick the perfect betting strategy for any and every betting occasion.
In this guide to betting strategies, you’ll learn how different sports bets work from interesting betting strategy examples. Master betting strategies and you’ll master every bet you make, no matter the sport or betting type.
If you thought betting on the outcome of a football match, horse race or any other betting event was about just taking a chance, you might be in for a surprise. The thing that separates successful bettors from unsuccessful ones is strategy. Pros know how to apply the right strategy at the right time.
While each bettor has their own way of choosing and implementing their betting system, the ultimate goal for each and every strategy is the same:
1) To ensure maximum profits
2) To ensure minimal risk
Adopting a betting strategy right from the start is the best advice that any newcomer to sports betting can take on board. When you first start out, your betting wallet may still be a bit on the thin side. Adopting a betting strategy is therefore a great way to not only protect your bankroll, but will help to grow it that much quicker.
Another common issue with new bettors has to do with a combination of too much enthusiasm and not enough experience. You can’t wait to put some money on the outcome of that football match, and you think you’ve got all the angles figured out. However, in the early stages, many new bettors overestimate their actual knowledge of sports betting, and often pay the price. Betting strategies offer great support while you develop the necessary skills and experience to become a consistently successful sports bettor.
That said, losses are an inevitable part of sports betting, and planning for them is an essential element of a great betting strategy. This is why it is often more important to focus on your long-term betting goals, rather than just on the outcome of a single event.
Creating a long-term betting strategy incorporates several key areas which we will take a look at in the following section.
Ask a dozen pro sports bettors what their winning betting system consists of and you’ll more than likely get a dozen different answers. That’s because every sports bettor will adapt and modify the basic components of a betting system to suit their particular needs.
There is no definitive method that one can use to arrive at the perfect betting strategy or system. However, the following key areas should be incorporated to some degree and go towards working synergistically to achieve the desired outcome.
If you’re planning on implementing a good betting strategy, having a good betting platform is essential. There’s not much point in spending a great deal of your time developing a winning betting strategy if you don’t have a decent betting provider to apply them at.
This is why it is always vital to do a bit of shopping around first. There is also no rule that says that you can’t have more than one sports betting account. In fact, you’ll often find that pro sports bettors do have multiple betting accounts. This allows them to compare odds values much easier across various markets based one each of the sports that they are interested in betting on.
Read as many in-depth reviews as you can and join real sports betting forums online. Find out what other sports bettors think of a particular brand first. Being able to take advantage of the best odds or market prices right from the start is an essential element to your successful sports betting strategy.
Your bankroll, aka- your budget for betting, is another key element to an effective betting strategy. In fact, effective money management is the cornerstone of any gambling endeavour, be that casino gambling, poker betting, or betting on sports.
Determining how much you are able to spend can be based on a particular session, the week ahead or even the month ahead. It all depends on your actual frequency of betting. If you are the type of bettor that only dabbles in the odd game or waits for a huge cup final, determining your budget just for that particular session should be simple enough.
However, if you are a bit more serious about sports betting, you will need to keep a tight rein on your spending (betting). Choose your markets and betting types based on your allotted budget and do not stray from it. Your budget will also decide how big your average wager will be and is an essential component to your effective betting strategy.
There are plenty of interesting betting types that you can choose from, depending on the sport in question as well as the betting provider you choose. The range is such that you will be able to find value in virtually any situation, regardless of your current experience level.
Each betting type comes with its own set of good and bad points and you should know what these are before going ahead and picking one (or more). For example, betting on multiples (also known as accumulators) can be potentially very lucrative, provided that all of your picks come in! On the other hand, single bets like outright winner are very easy to make. Simply pick the team or individual that you think will win. If the odds are good, you’re away.
1. If you find great odds – jump on them immediately!
2. Take advantage of bonus offers if they are good and you know the T’s & C’s are reasonable.
3. Open multiple sports betting accounts with top, reputable sportsbooks.
4. Play on your mobile device. That way you will always be able to stay on top of the latest markets and grab great odds as soon as they are posted.
As you begin to explore the world of online sports betting, you’ll likely come across dozens of interesting betting strategies. Some will work wonderfully while others are complete duds. If you’re looking for a good place to start developing a betting strategy (or strategies), these are worth considering:
When two teams are set to compete and the one team is known to be weaker, bookmakers will normally apply a handicap to the matchup. This makes the contest a bit more even and, therefore, a bit more interesting for the punters. For example, if Team A is the weaker team, they might start off with a one goal advantage (1:0) over team B. An Asian Handicap works on similar principles but also adds in a payout (money back) for a draw result.
You’ll find this betting strategy available across a wide range of popular sports and is also one of the simplest betting strategies to adopt. The Over / Under strategy is a great beginner strategy as all you have to do is predict whether an event will end above or below a given score line.
The double betting strategy is another great option for novice sports bettors to get their feet wet with. Here you get to bet on a 3-way bet and can bet on two of the three likely results. Since this gives you the double chance of winning, your odds will also be relatively low for this betting type.
Sports betting can be enormous fun and it does not have to be as stressful as some make it out to be. Provided that you’ve read through our betting strategy guide and tips, you should be well on your way to becoming a sports bettor par excellence! If you’re a beginner, start out with the simple bets and build your strategy from there. We have plenty of top-notch sportsbooks for you to try your new found knowledge about betting strategies out on, right now!