We are often contacted by aspiring sports bettors who 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’s one of the most valuable pieces of advice we’ve to offer. Lots of people believe that the only way to beat the bookmakers is to make use of strategies and systems which are actually super complex, but they are WRONG.
Yes, you’ll most likely need to use advanced strategies in case you would like to make SERIOUS money. That can and should be your long term goal, but when just starting out any variety 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 get it to the next level.
For now, we’ll focus in on the wide range of simple betting strategies that will enhance the overall chances of yours of making money. We’ve detailed the best ones below. None of these are perfect, and they are 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 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 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 $10 and twenty five dolars.
This seems harmless in theory, in case you are gambling with expendable income. But the problem is actually you’re 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 can truly apply this system to any casino game.
The Martingale betting strategy has two 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 objective 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 be successful.
So long as you have the funds to continue doubling bets after losses, you will eventually win back your money. You’ll also book small profits along the way every time you win.
The Martingale is among the best systems for the people looking for consistent short term profits.
Cons of the Martingale The Martingale’s downside is actually that it is an incredibly risky strategy. You will be betting much more than your original wager after 5 to 6 losing wagers.
This could make you hesitant to pull the trigger on the next double bet. Even worse is actually that 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 ($56 billion net worth) would always win with the Martingale since his bankroll would probably never run out.
You’ll inevitably run right into a losing streak that’s long enough to hit the table limit. In this situation, you take a great loss because you are able to 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 very 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 by itself can cause lines and odds to move significantly.
Chasing steam involves watching for these big movements, and then betting on whatever the money appears to be going on. The aim 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 was a time when this strategy was quite effective. The betting markets are more productive than they used to be though, and there is a lot more money at stake. Meaning that big moves in the odds are much less common. It is also challenging to interpret 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 odds at one bookmaker or perhaps betting site change dramatically, all the bookmakers and sites make similar changes almost immediately. It is then really hard to get any money down at the same prices as the smart bettors. You have to have the ability to spot opportunities the moment they happen, and react immediately. This is simply not practical for most bettors.
With all that being said, this’s a method to consider. Especially in case you bet regularly, and are often paying attention to the odds and lines. It’s very possible that you will 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 does not do anything to change the house edge.
But imagine if you will be able to incorporate the Martingale’s effectiveness with skill?
This betting strategy can be profitable in skill based games as DFS and sports betting. Not only are able to 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’s an 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 (- 33).
You lose a forty dolars four dolars head to head contest (- seventy seven).
You win an $80 eight dolars head to head contest (- 5).
You win a ten dolars $1 head to head contest (five).
The tough thing about DFS contests is that you’ve to fork out an extra 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 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 (- seventy seven).
You lose an eighty eight dolars bet (- 165).
You win a $176 bet and earn a $160 profit (- 5).
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 simpler to be profitable when you string together two or 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 how you can earn back your losses and a small profit even after several losing wagers.
Another advantage is you are not just using the Martingale in a casino game with a house edge. Rather, you’re 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’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 have to pay ten % fees (DFS) or ten % juice on losses (sports betting).
The first issue is essential since you might be facing an even worse proposition than 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 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 can 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 have probably the best hand and bets in a way that extracts maximum value from their opponent. 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 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 have not 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’s a quick overview of each one though, along with links to additional information.sports betting strategies that work