This may sound like arbitrage betting, but it differs because it involves using the free bets that the bookies offer to boost your profits significantly higher than you could from arbitrage betting alone. Much like arbitrage betting, value betting involves taking advantage of discrepancies in bookmaker odds. When bookmakers have vastly different odds, it’s usually the case that one of the bookies is correct and the other is way off. After a few consecutive losses, your stakes will balloon out to the point where you can no longer afford to place the required bet to recoup your losses to that point. For this reason, this strategy is not recommended, despite its popularity with rookie bettors. Are you looking for a mathematical system to help you profit from sports betting?

Perhaps the most straightforward example occurs if your first two picks win in a three-team parlay. To guarantee a return, just hedge the third leg of the parlay with a specified stake amount that reflects your desired profit. We all use the term “hedging your bets” colloquially, in instances where we avoid making a decision as we cannot decide which one is right.

Yes, it’s possible to try and predict the final scoreline of a match though in many cases it’s ill-advised since it’s pure guesswork. The odds might seem enticing, but accurately predicting the exact score is a fool’s errand. Don’t get suckered in here unless you’re extremely confident or you are wagering trivial sums of money. In the numerator, the winning amount is listed, while in the denominator, the corresponding bet is listed. For example, if the odds are 9/2, a $2 bet would garner a $9 win. If the odds are 8/11, an $11 bet would result in an $8 win (on top of the original stake).

The system entails adjusting your wager based on the outcome of your previous bet. You should consider the system if you want to cover your loss while increasing profits significantly. Knowing how to handle your gambling budget is one of the most basic but essential betting strategies. Being effective at sports betting means looking at a lot of data.

As any wager with a sportsbook or bet at a casino will have the odds stacked against you, you are actually going to lose money over time. Arbitrage betting involves betting on all possible outcomes of a single event. In soccer, for instance, you could bet on win, draw, and loss, which would virtually guarantee that one of your bets will win, as you would be covering all the possible outcomes that could eventuate.

  • If you find a model that can give you a score prediction or a percentage chance of winning, you can compare that to a betting line and figure out if there’s an advantage to be had.
  • He landed the Greatwood Handicap Hurdle earlier in the campaign in what was an excellent performance.
  • Plug those numbers into the formula to determine what percentage of your bankroll to wager.
  • Since there are so many of these bets available, fewer people bet them and sportsbooks spend less time setting the lines and odds.
  • There are plenty of advanced metrics which can help predict a match outcome.
  • This gives you an insight into how they create their odds and helps you consider how you can outsmart them.

Check out our page on Point Spread Betting to further your knowledge. For more advanced NBA betting strategies, read our full guide on how to bet on the NBA. If it does, head on over to one of the many NBA betting sites and you’re good to go.

betting strategies

When you look to bet on a team or player, look at how important the match is to them. If you’re a football bettor and the team is languishing mid-table and is safe from relegation but can’t get to the top, the final match is irrelevant. A team at the bottom will be playing for its life – regardless of the quality of the opponent.

High-scoring games can also favor betting underdogs, which may unlock high-value moneylines and point spreads, too. Much will depend on your individual match analysis, while combination betting and parlays may also prove valuable in some instances. Obviously, timing is key when cashing out early, especially when wagering in-play on high-scoring and fast-paced sports such as basketball.

Think of the point spread like a secondary competition for teams when it comes to gambling. This is a simple idea but it’s more powerful than you might think. It is much more valuable to be an expert on one team than have an average amount of knowledge on many teams. The more you know about a specific team the better you’ll be able to understand good value when you check the newest betting odds. Mathematically speaking, the Paroli system has the same expected value as betting flat stakes the whole time.

Live betting can be used to hedge your pre-game bet if you’re no longer confident in it. You can also use a live bet to double down on the team you initially bet on if they’re playing well. Either way, you’ll have more information than you did before the game started. Before you think too hard about betting on a college player prop, make sure they’re legal in the state you’re located in. Some states only allow game or team-specific props, while other states prohibit college prop wagers entirely. Spread betting can provide more value when betting on favorites.