We’re often contacted by aspiring sports bettors that are struggling to make money and want the advice of ours. Many of them have fallen into the trap of over complicating things, so we know EXACTLY what advice we need to give them.
Keep. It. Simple.
Honestly, this is among the most useful pieces of advice we’ve to offer. So many individuals think that the only way to beat the bookmakers is actually to make use of strategies and systems that are super complex, but they are WRONG.
Yes, you will most likely have to use advanced strategies in case you wish to make SERIOUS money. That can and should be your long-term goal, but when just starting out any variety of profit is well worth celebrating. Small profits can be achieved through simple strategies. Once you consistently start making small profits, you are able to see what adjustments need to be made to take it to the next level.
For now, we will focus in on the wide selection of simple betting strategies that will improve the overall chances of yours of making money. We’ve detailed probably the best ones below. None of these are perfect, and they’re all limited to some extent. Still, they’re ideal to use while you are still learning and developing your betting skills.
As you gain experience and knowledge more, you’ll most likely be able to adapt these strategies and make them more effective. For now, though, just focus on keeping it simple.
Betting two % or Less of Your Bankroll
A common scenario for casual gamblers is actually to enter the casino with around $200 dollars and make bets between $10 and $25.
This seems harmless in theory, in case you’re gambling with expendable income. But the trouble is you are very likely to run out of money this way.
One good idea that comes 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 their short-term risk. But you are able to actually apply this system to any casino game.
The Martingale betting strategy has 2 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 goal will be to always win back the losses of yours and get a small profit in the process.
You must 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 become successful.
Provided that you’ve the funds to continue doubling bets after losses, you will ultimately win back the money of yours. You’ll also book small profits along the way whenever you win.
The Martingale is one of 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’ll be betting a lot more than your original wager after 5 to 6 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 issue is the fact that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Or else, Mark Zuckerberg ($56 billion net worth) would always win with the Martingale since his bankroll would probably never run out.
You will inevitably run right into a losing streak that’s long enough to hit the table limit. Through this situation, you take an enormous loss because you are able to no longer double wagers to win everything back.
In the context of betting, the term steam is actually used to refer to significant movements in the betting markets that happen in a short space of time. There’s a principle that such moves 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 odds and lines to move significantly.
Chasing steam involves watching for these big movements, and then betting on whatever the money appears to be going on. The goal is to “copy” what the smart bettors are doing, since they’re the ones making the most money. In principle, this makes a great deal of sense.
Unfortunately, chasing steam is EXTREMELY challenging these days.
There had been a time when this strategy was quite effective. The betting markets are more efficient than they used to be though, and there’s a lot more money at stake. Meaning that big moves in the odds are a lot less common. It is also difficult to understand what causes them when they do happen.
Even if you can identify steam moves, the collective market itself moves much more quickly now. If the odds at one bookmaker or betting site change dramatically, all the bookmakers and sites make similar changes almost immediately. This will make it hard to get some money down at the same prices as the smart bettors. You’ve to have the ability to spot opportunities the moment they happen, and react immediately. This is just not practical for most bettors.
With all that being said, this is a strategy to check. Especially in case you bet regularly, and are often paying attention to the odds and lines. It’s very feasible that you will spot steam moves on occasion, and be able to take full advantage of them. This won’t 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 a very risky betting strategy. What’s more is that this technique doesn’t do anything to transform the house edge.
But what happens if you could incorporate the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games as DFS and sports betting. Not merely can you win back your losses with the Martingale, but you are able to also swing the odds in the favor of yours with enough skill.
Here is a good example of how this works in DFS:
You lose a ten dolars one dolars (fee) head to head contest (- 11).
You lose a $20 $2 head to head contest (- thirty three).
You lose a forty dolars four dolars head to head contest (- seventy seven).
You win an $80 eight dolars head to head contest (- five).
You win a ten dolars one dolars head to head contest (five).
The tough thing about DFS contests is you have to fork out an additional 10 % 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 $twenty two 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 $ten profit (+5), The drawback to sports betting is the fact that the house takes 10 % juice from the losing side. But the Martingale can really 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 are able to overcome short term variance by consistently winning back losses.
The sports betting example above shows how you can earn back your losses and a small profit even after several losing wagers.
Another advantage is that you’re not just using the Martingale in a casino game with a house edge. Instead, you’re playing skill based games.
The final result is that you get the enviable combination of getting your losses back and obtaining an opportunity to win long term profits.
Cons of Using the Martingale in Skill Based Games
You are taking a risk on three fronts with this betting strategy:
You could be at a skill disadvantage to opponents/other bettors.
You are still dealing with the Martingale risks.
You must pay 10 % fees (DFS) or 10 % juice on losses (sports betting).
The very first issue is crucial as you could be struggling with an even worse proposition than house-banked casino games in case you’re not better than opponents.
Add in the standard Martingale risks along with sports book/DFS fees, and non skilled bettors are taking a look at a potential bankroll disaster.
Value betting may be the process of getting maximum value out of situations in which you’ve a long-term advantage. This term is frequently 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.
An example is when a poker player believes they have the best hand and bets in a way that extracts maximum value from the opponent of theirs. Going further, their wagers have to be large 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
You will find 3 more simple betting strategies that we’d 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 because we have already covered them in another section of the site of ours. Here’s a quick overview of each one though, along with links to more information.