We’re often contacted by aspiring sports bettors who 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 need to give them.
Keep. It. Simple.
Honestly, this is one of the most valuable pieces of advice we have to offer. Lots of folks think which the only way to beat the bookmakers is actually to use strategies and systems that are actually super complex, but they’re 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 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 take it to the next level.
For now, we will focus in on the wide selection of simple betting strategies that can enhance the overall chances of yours of making money. We’ve detailed probably the best ones below. Not any 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 will probably 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 $10 and $25.
This seems harmless in theory, in case you’re gambling with expendable income. But the issue is actually you are very likely to run out of money this way.
One great 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 can truly 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 to always win back your losses and earn a small profit in the process.
You must 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 achieve success.
Provided that you have the funds to continue doubling bets after losses, you will ultimately win back your money. You’ll 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 it is an incredibly risky strategy. You’ll be betting far 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 that 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’ll inevitably run into a losing streak that is long enough to hit the table limit. Through this situation, you take a huge loss because you can no longer double wagers to win everything back.
In the context of betting, the term steam is actually used to describe significant movements in the betting markets that happen in a very short space of time. There’s a theory that such moves 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 odds and lines to move significantly.
Chasing steam involves watching for these major movements, and then betting on whatever the money appears to be going on. The aim is usually to “copy” what the smart bettors are actually doing, since they are the ones making the most money. In theory, 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 effective. The betting markets are more effective 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 difficult to interpret 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 even betting site change dramatically, all the bookmakers and sites make similar changes almost immediately. It is then really hard to get some 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 strategy to consider. Particularly if 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 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 does not do anything to alter the house edge.
But what if you will be able to combine the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games like DFS and sports betting. Not simply can you win back the losses of yours with the Martingale, but you can 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 $10 $1 (fee) head to head contest (- eleven).
You lose a twenty dolars $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 $10 $1 head to head contest (five).
The tough thing about DFS contests is actually you’ve to fork out an added ten % entry fee to the sites. But as the above example shows, the Martingale strategy can still help you 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 $11 bet (- 11).
You lose a $22 bet (- 22).
You lose a $44 bet (- 77).
You lose an eighty eight dolars 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 the fact that the house takes ten % juice from the losing side. But the Martingale can still help you be profitable when you string together 2 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 are able to earn back your losses and a small profit even after several losing wagers.
Another benefit is that you are not just using the Martingale in a casino game with a house advantage. Rather, you are playing skill based games.
The outcome is 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 could be at a skill disadvantage to opponents/other bettors.
You’re still dealing with the Martingale risks.
You have to pay ten % fees (DFS) or 10 % juice on losses (sports betting).
The first issue is key because you could be dealing with an even worse proposition compared to house banked casino games if you’re 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 most often 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 their opponent. Going further, their wagers need 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 actually rich in 10s and aces.
More Simple Betting Strategies
You will find three 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 since we’ve already covered them in another section of our site. Here is a quick overview of each one though, along with links to additional information.roulette betting strategies that work