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 provide them.
Keep. It. Simple.
Honestly, this’s among the most useful pieces of advice we’ve to offer. A lot of folks believe which the only way to beat the bookmakers is actually to make use of strategies and systems which are actually 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 must be the long term goal of yours, but when just starting out any type of profit is actually 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 have 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 have detailed probably the best ones below. Not any of these’re perfect, and they are all limited to some extent. Nevertheless, they are best to use while you are still learning and developing your betting skills.
As you gain experience and knowledge more, you will most likely have the ability to adapt these techniques and make them much more effective. For now, though, just focus on keeping it simple.
Betting two % or even Less of Your Bankroll
A typical scenario for casual gamblers is actually to enter the casino with around $200 dollars and make bets between ten dolars and twenty five dolars.
This seems harmless in theory, in case you are gambling with expendable income. But the trouble is actually you are very likely to run out of money this way.
One great idea that will come from sports betting is only risking two % or even 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 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 aim is usually to always win back the losses of yours and get 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 the risk of yours.
Pros of the Martingale The Martingale’s best aspects include its ease of use and just how it is able to theoretically achieve success.
So long as you’ve the resources to continue doubling bets after losses, you will ultimately win back the money of yours. You will also book small profits along the way each time you win.
The Martingale is among the best systems for anyone 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 five to six losing wagers.
This could 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.
One other issue is the fact that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to probably the fullest. Or else, Mark Zuckerberg (fifty six dolars 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 is long enough to hit the table limit. With this situation, you take a huge loss since 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 very short space of time. There is a principle that such techniques are usually due to 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 result in lines and odds to move significantly.
Chasing steam involves watching for these major movements, and then betting on whatever the money seems to be taking place. The aim is usually to “copy” what the smart bettors are actually doing, since they’re 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 definitely more effective than they used to be though, and there is a great deal more money at stake. What this means is that big moves in the odds are much less common. It is also hard to understand 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 chances at one bookmaker or perhaps betting site change dramatically, all the bookmakers and sites make similar changes almost immediately. It is then difficult 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’s just not practical for most bettors.
With all that being said, this’s a method to check. Particularly in case you bet regularly, and are often paying attention to the odds and lines. It is very likely that you will spot steam moves on occasion, and be in a position to take full advantage of them. This will not happen on a daily basis, but you will still make some extra profits every then and now.
The Martingale in Skill Based Games We just covered how the Martingale is actually a very risky betting strategy. What is more is this method does not do anything to change the house edge.
But imagine if you can incorporate the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games as DFS and sports betting. Not merely 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 a good example of how this works in DFS:
You lose a ten dolars one dolars (fee) head to head contest (- eleven).
You lose a twenty dolars two dolars head to head contest (- thirty three).
You lose a forty dolars four dolars head to head contest (- seventy seven).
You win an eighty dolars 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 actually you’ve to spend an additional ten % entry fee to the sites. But as the above example shows, the Martingale strategy can still enable you to book a profit even in case you lose the majority of contests.
Let us 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 (- seventy seven).
You lose an eighty eight dolars bet (- 165).
You win a $176 bet and earn a $160 profit (- five).
You win an eleven dolars bet and earn a $ten profit (+5), The drawback to sports betting is the fact that the house takes ten % juice from the losing side. But the Martingale can really make it easier to be profitable when you string together 2 or perhaps more wins.
Pros of Using the Martingale in Skill Based Games The great thing about working with 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 exactly how you are able to earn back your losses and a small profit even after several losing wagers.
Another benefit is actually you are not only using the Martingale in a casino game with a house advantage. Rather, you are playing skill based games.
The outcome is actually 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 are taking a risk on 3 fronts with this betting strategy:
You may be at a skill disadvantage to opponents/other bettors.
You are still dealing with the Martingale risks.
You have to pay ten % fees (DFS) or perhaps ten % juice on losses (sports betting).
The very first issue is crucial since you might be dealing with an even worse proposition compared to house banked casino games in case you are 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 usually 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’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 the favor of theirs. 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 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 have already covered them in another section of the site of ours. Here is a quick overview of each one though, along with links to more info.