We’re often contacted by aspiring sports bettors who are struggling to make money and want our advice. Many have fallen into the trap of over complicating things, so we know EXACTLY what advice we have to offer them.
Keep. It. Simple.
Honestly, this is among the most important pieces of advice we’ve to offer. A lot of people feel which the only way to beat the bookmakers is to use strategies and systems that are super complex, but they are WRONG.
Yes, you will most likely need to use advanced strategies if you want to make SERIOUS money. That can and must be your long term goal, but when just starting out any type of profit is worth celebrating. Small profits can be achieved through simple strategies. Once you consistently start making small profits, you can see what adjustments need to be made to get it to the next level.
For now, we will focus in on the great choice of simple betting strategies that will enhance the overall chances of yours of making money. We’ve detailed probably the best ones below. None of these’re perfect, and they are all limited to some extent. Nevertheless, they are ideal to use while you are still learning and developing your betting skills.
As you gain more knowledge and experience, you will probably have the ability to adapt these strategies and make them more effective. For now, though, just focus on keeping it simple.
Betting 2 % or Less of Your Bankroll
A typical scenario for casual gamblers is to walk into the casino with around $200 dollars and make bets between ten dolars and $25.
This seems harmless in theory, if you are gambling with expendable income. But the problem is actually that you’re very likely to run out of money this way.
One great idea that will come from sports betting is only risking two % or less of your bankroll on any given wager.
Professional and serious amateur sports bettors do this to minimize the short term risk of theirs. But you can truly apply this system to any casino game.
The Martingale betting strategy has two things going for it:
It is easy.
This system will theoretically provide a profit every time.
The Martingale calls on you to double bets after every loss. The objective is to always win back your losses and earn a small profit in the process.
You ought to also make even money bets with the Martingale in order to simplify things and minimize your risk.
Pros of the Martingale The Martingale’s best aspects include its ease of use and just how it can theoretically achieve success.
As long as you have the capital to continue doubling bets after losses, you will inevitably win back the money of yours. You’ll also book small profits along the way every time you win.
The Martingale is among the best systems for the people looking for consistent short-term profits.
Cons of the Martingale The Martingale’s downside is that it is an incredibly risky strategy. You will be betting much more than your original wager after 5 to six losing wagers.
This could make you hesitant to pull the trigger on the next double bet. Even worse is actually that your bankroll will vanish if the losing streak continues.
Another problem is that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Otherwise, Mark Zuckerberg (fifty six dolars billion net worth) would always win with the Martingale because his bankroll would likely never run out.
You’ll inevitably run right into a losing streak that’s long enough to hit the table limit. Through this case, you take a big loss since you can no longer double wagers to win everything back.
In the context of betting, the term steam is used to describe significant movements in the betting markets that happen in a short space of time. There’s a principle that such methods are generally a result of professional bettors and betting syndicates putting their money down. Because they typically wager for very high stakes, the weight of their money on its own can cause lines and odds to move dramatically.
Chasing steam involves watching for these major movements, and then betting on whatever the money seems to be going on. The aim would be to “copy” what the smart bettors are actually doing, since they are the ones making the most money. Theoretically, this makes a great deal of sense.
Unfortunately, chasing steam is EXTREMELY challenging these days.
There seemed to be a time when this strategy was extremely helpful. The betting markets are more effective than they used to be though, and there is a lot more money at stake. This means that big moves in the odds are much less common. It’s also hard to translate what causes them when they do happen.
Even in case you are able to identify steam moves, the collective market itself moves much more quickly now. If the odds at one bookmaker or perhaps betting site change dramatically, all the bookmakers and sites make similar changes almost instantly. This will make it really hard to get some money down at the same prices as the smart bettors. You’ve to find a way to spot opportunities once they happen, and react immediately. This is simply not practical for most bettors.
With all that being said, this is a method to consider. Especially in case you bet regularly, and are often paying attention to the odds and lines. It is quite possible that you will spot steam moves on occasion, and be able to take full advantage of them. This will not happen on a daily basis, but you will still make some extra profits every now and then.
The Martingale in Skill-Based Games We just covered how the Martingale is actually a very risky betting strategy. What’s more is this technique doesn’t do anything to transform the house edge.
But what happens if you could combine the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games like DFS and sports betting. Not simply are able to you win back the losses of yours with the Martingale, but you are able to also swing the odds in the favor of yours with enough skill.
Here is an example of how this works in DFS:
You lose a ten dolars one dolars (fee) head to head contest (- eleven).
You lose a $20 $2 head to head contest (- 33).
You lose a $40 four dolars head to head contest (- seventy seven).
You win an $80 eight dolars head to head contest (- five).
You win a ten dolars $1 head to head contest (5).
The tough thing about DFS contests is actually that you have to spend an extra ten % entry fee to the sites. But as the above example shows, the Martingale strategy can still make it easier to book a profit even if you lose the majority of contests.
Let’s look at one more example involving sports betting:
You lose an $11 bet (- 11).
You lose a $22 bet (- 22).
You lose a $44 bet (- 77).
You lose an $88 bet (- 165).
You win a $176 bet and earn a $160 profit (- five).
You win an $11 bet and earn a $ten profit (+5), The drawback to sports betting is that the house takes 10 % juice from the losing side. But the Martingale can really make it simpler to be profitable when you string together two or more wins.
Pros of Using the Martingale in Skill Based Games The great thing about using this system in skill-based contests is that you can overcome short term variance by consistently winning back losses.
The sports betting example above shows exactly how you can earn back your losses and a small profit even after several losing wagers.
Another benefit is actually that you are not simply using the Martingale in a casino game with a house edge. Instead, you’re playing skill based games.
The outcome is actually that you get the enviable combination of getting your losses back and getting an opportunity to win long-term profits.
Cons of Using the Martingale in Skill Based Games
You’re taking a risk on 3 fronts with this betting strategy:
You could be at a skill disadvantage to opponents/other bettors.
You’re still dealing with the Martingale risks.
You have to pay 10 % fees (DFS) or perhaps ten % juice on losses (sports betting).
The very first issue is crucial because you may be facing an even worse proposition compared to house-banked casino games if you are not much better than opponents.
Add in the standard Martingale risks along with sports book/DFS fees, and non skilled bettors are looking at a potential bankroll disaster.
Value betting is the process of getting maximum value out of situations where you’ve a long term advantage. This term is frequently used in poker, but it can also describe how blackjack card counters operate.
Value betting requires being able to spot and take advantage of favorable situations.
One example is when a poker player believes they’ve the best hand and bets in a way that extracts maximum value from the opponent of theirs. Going further, their wagers have to be big enough to get the most value from the opposing player, yet small enough that the opponent won’t fold.
Another example involves how card counters keep track of the deck until the count swings in the favor of theirs. They then make larger bets to maximize situations where the deck is rich in 10s and aces.
More Simple Betting Strategies
There are 3 more simple betting strategies that we would like you to consider using.
Building simple statistical models Following trends Claiming bonuses at online betting sites We haven’t covered these in as much detail as the others on this page as we’ve already covered them in another section of our site. Here’s a quick overview of each one though, along with links to additional information.american football betting strategies that work