We are often contacted by aspiring sports bettors that are struggling to make money and want the advice of ours. Most of them 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 useful pieces of advice we’ve to offer. A lot of folks feel which the only way to beat the bookmakers is to make use of strategies and systems that are actually super complex, but they are WRONG.
Yes, you will probably need to use advanced strategies in case you want to make SERIOUS money. That can and must be your long-term goal, but when just starting out any style of profit is actually worth celebrating. Small profits can be achieved through simple strategies. Once you consistently start making small profits, you are able to see what adjustments have to be made to take it to the next level.
For now, we’ll focus in on the wide range of simple betting strategies that will improve the overall chances of yours of making money. We’ve detailed the best ones below. None of these’re perfect, and they’re all limited to some extent. Still, they’re best to use while you’re still learning and developing your betting skills.
As you gain experience and knowledge more, you’ll most likely have the ability to adapt these methods and make them much more effective. For now, though, just focus on keeping it simple.
Betting two % or even Less of Your Bankroll
A common scenario for casual gamblers is to enter 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 issue is that you are very likely to run out of money this way.
One good idea that comes from sports betting is only risking 2 % or even less of your bankroll on any given wager.
Professional and serious amateur sports bettors do this to minimize their short-term risk. But you are able to truly apply this system to any casino game.
The Martingale betting strategy has two things going for it:
This system will theoretically provide a profit every time.
The Martingale calls on you to double bets after every loss. The aim is usually to always win back the losses of yours and earn a small profit in the process.
You ought to also make even-money bets with the Martingale to be able 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 become successful.
Provided that you have the funds to continue doubling bets after losses, you’ll eventually win back the money of yours. You’ll also book small profits along the way every time you win.
The Martingale is one of the best systems for those looking for consistent short term profits.
Cons of the Martingale The Martingale’s downside is actually it is an incredibly risky strategy. You will be betting much more than your original wager after 5 to six losing wagers.
This is likely to make you hesitant to pull the trigger on the next double bet. Even worse is actually your bankroll will vanish if the losing streak continues.
Another problem is the fact that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Or else, Mark Zuckerberg (fifty six dolars billion net worth) would always win with the Martingale because his bankroll would likely never run out.
You will inevitably run right into a losing streak that is long enough to hit the table limit. In this case, you take a great loss since you can no longer double wagers to win everything back.
In the context of betting, the term steam is used to refer to significant movements in the betting markets that happen in a short space of time. There is a principle that such moves are generally due to professional bettors and betting syndicates putting their money down. Because they typically wager for very high stakes, the weight of their money alone can result in lines and odds to move significantly.
Chasing steam involves watching for these major movements, and then betting on whatever the money appears to be going on. The objective is to “copy” what the smart bettors are actually doing, since they are the ones making the most money. In principle, 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 quite helpful. The betting markets are definitely more efficient than they used to be though, and there is a lot more money at stake. What this means is that big moves in the odds are far less common. It’s also tough to translate what causes them when they do happen.
Even if you are able to identify steam moves, the collective market itself moves much more quickly now. If the chances at one bookmaker or even betting site change dramatically, all the bookmakers and sites make similar changes almost instantly. This will make it very difficult to get any money down at the same prices as the smart bettors. You’ve to have the ability to spot opportunities as soon as they happen, and react immediately. This’s just not practical for most bettors.
With all that being said, this’s a method to check. Particularly if you bet regularly, and are often paying attention to the odds and lines. It is quite feasible that you’ll spot steam moves on occasion, and be able to take full advantage of them. This will not happen on a daily basis, but you’ll 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 is more is this technique doesn’t do anything to alter the house edge.
But what happens if you can incorporate the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games like DFS and sports betting. Not only are able to you win back your losses with the Martingale, but you can also swing the odds in your favor with enough skill.
Here’s an example of how this works in DFS:
You lose a $10 one dolars (fee) head to head contest (- 11).
You lose a $20 $2 head to head contest (- thirty three).
You lose a $40 $4 head to head contest (- seventy seven).
You win an eighty dolars $8 head to head contest (- 5).
You win a ten dolars one dolars head to head contest (five).
The tough thing about DFS contests is that you have to pay 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 $eleven bet (- eleven).
You lose a $22 bet (- 22).
You lose a forty four dolars bet (- 77).
You lose an $88 bet (- 165).
You win a $176 bet and earn a $160 profit (- 5).
You win an $11 bet and earn a $10 profit (+5), The drawback to sports betting is the fact that the house takes ten % juice from the losing side. But the Martingale can still make it easier to be profitable when you string together two or even more wins.
Pros of Using the Martingale in Skill-Based Games The great thing about using this system in skill based contests is you can overcome short-term variance by consistently winning back losses.
The sports betting example above shows exactly how you are able to earn back your losses plus a small profit even after several losing wagers.
Another benefit is you are not simply using the Martingale in a casino game with a house edge. Rather, you’re playing skill based games.
The end result is actually you get the enviable combination of getting your losses back and having an opportunity to win long-term profits.
Cons of Using the Martingale in Skill Based Games
You’re taking a risk on three fronts with this betting strategy:
You might be at a skill disadvantage to opponents/other bettors.
You are still dealing with the Martingale risks.
You must pay ten % fees (DFS) or perhaps ten % juice on losses (sports betting).
The first point is essential as you may be struggling with an even worse proposition than house banked casino games in case you’re not much better than opponents.
Add in the standard Martingale risks along with sports book/DFS fees, and non skilled bettors are actually taking a look at a potential bankroll disaster.
Value betting will be the process of getting maximum value out of situations in which you’ve a long term advantage. This term is most often used in poker, but it is able to also describe how blackjack card counters operate.
Value betting requires being able to spot and take advantage of favorable situations.
A good example is when a poker player believes they’ve probably 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 will not fold.
Another example involves how card counters keep track of the deck until the count swings in their favor. They then make larger bets to maximize situations where the deck is actually rich in 10s and aces.
More Simple Betting Strategies
There are three 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 have not covered these in as much detail as the others on this page since we’ve already covered them in another section of the site of ours. Here is a quick overview of each one though, along with links to additional info.betting strategies that work