We’re often contacted by aspiring sports bettors that are struggling to make money and want the advice of ours. Many 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 which are super complex, but they are WRONG.
Yes, you will probably have to use advanced strategies if you wish to make SERIOUS money. That can and should be your long term goal, but when just starting out any style 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’ll focus in on the wide range of simple betting strategies that will enhance your overall chances of making money. We have detailed probably the best ones below. None of these are perfect, and they’re all limited to some extent. Nevertheless, they are ideal to use while you’re still learning and developing your betting skills.
As you gain experience and knowledge more, you’ll probably have the ability to adapt these techniques and make them more effective. For now, though, just focus on keeping it simple.
Betting 2 % or even Less of Your Bankroll
A common scenario for casual gamblers is actually to walk into 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 problem is you’re very likely to run out of money this way.
One good 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 their short term risk. But you can actually apply this system to any casino game.
The Martingale betting strategy has 2 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 objective is usually to always win back the losses of yours 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 the risk of yours.
Pros of the Martingale The Martingale’s best aspects include its ease of use and how it is able to theoretically become successful.
So long as you have the resources to continue doubling bets after losses, you will ultimately win back your money. You will also book small profits along the way whenever you win.
The Martingale is among the best systems for those looking for consistent short-term profits.
Cons of the Martingale The Martingale’s downside is actually that it’s an incredibly risky strategy. You’ll be betting a lot more than your original wager after five to 6 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 probably the fullest. Or else, Mark Zuckerberg (fifty six dolars billion net worth) would always win with the Martingale since his bankroll would likely never run out.
You’ll eventually run into a losing streak that’s long enough to hit the table limit. With this situation, you take a huge loss as you are able to 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 is 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 odds and lines to move significantly.
Chasing steam involves watching for these major movements, and then betting on whatever the money appears to be taking place. The objective is to “copy” what the smart bettors are doing, since they are the ones making the most money. In theory, this makes a lot of sense.
Unfortunately, chasing steam is EXTREMELY challenging these days.
There was a time when this strategy was very effective. The betting markets are definitely more productive 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 interpret what causes them when they do happen.
Even in case you can 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 tough to get any money down at the same prices as the smart bettors. You have to be able to spot opportunities as soon as they happen, and react immediately. This is simply not practical for most bettors.
With all that being said, this’s a method to consider. Particularly in case you bet regularly, and are often paying attention to the odds and lines. It’s very likely that you’ll spot steam moves on occasion, and be prepared to take full advantage of them. This won’t 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 is more is this system doesn’t do anything to change the house edge.
But what happens if you will be able to incorporate the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games like DFS and sports betting. Not only can you win back the losses of yours with the Martingale, but you are able to also swing the odds in your favor with enough skill.
Here’s a good example of how this works in DFS:
You lose a $10 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 $4 head to head contest (- 77).
You win an eighty dolars $8 head to head contest (- five).
You win a ten dolars $1 head to head contest (5).
The tough thing about DFS contests is that you’ve to pay an added 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 us look at one more example involving sports betting:
You lose an $11 bet (- 11).
You lose a $twenty two 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 (- 5).
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 make it easier to be profitable when you string together two 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 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 advantage is actually you’re not just using the Martingale in a casino game with a house edge. Instead, you are playing skill based games.
The final result 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’re taking a risk on three fronts with this betting strategy:
You may be at a skill disadvantage to opponents/other bettors.
You’re still dealing with the Martingale risks.
You need to pay 10 % fees (DFS) or 10 % juice on losses (sports betting).
The very first point is crucial since you might be facing an even worse proposition compared to 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 actually looking at a potential bankroll disaster.
Value betting will be the process of getting maximum value out of situations in which you have 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 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 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 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 more info.soccer betting strategies that work