Most people who like sports betting have tried out a strategy at least once. The promise of a system that guarantees winning wagers is extremely attractive, after all. But do they work? And if they do, what are the most effective sports betting strategies to have ever existed? We have picked out a few of the best that you might not have tried out for yourself just yet. Read on for everything you need to know about the world’s best sports betting strategies.
1. Value Betting
Let’s start with a straightforward but effective sports betting strategy: value betting. The idea behind value betting is a very straightforward one. You should never place a wager unless you are 100 percent confident that it is good value. So even if you are sure a bet will win, if you cannot find good value odds, you would not put your bet on the low chance of winning. For value betting to work, you will need accounts with all of the major bookies. Here are some of the tested bookies that worked with value betting, Maxbet, Sbobet, Pinnacle Sports, M8bet and CMD368 This means you have the chance to shop around for the best possible odds on offer for any one bet.
It might not seem like a significant change between the available odds. But in the long run, this can make all the difference between carving out a long-term profit when it comes to betting. To calculate the value, simply work out what you think the probability of an event occurring is. Then, check the betting odds to see how they compare to your selected value. If the odds are better than the value you placed on the wager, go ahead and make a bet. If they are not, walk away.
2. Arbitrage Betting
Now we move on to a more advanced yet very effective sport betting strategy: arbitrage betting. This is increasingly hard to pull off, but it is still possible in some quite rare cases. The idea behind arbitrage betting is that you make the most out of discrepancies that can be found in the betting markets for your chosen match or competition. Bookies usually have very similar odds, but it does sometimes happen that they differ by quite a substantial amount.
Arbitrage betting means that players can bet on all of the possible outcomes and lock in some guaranteed profit as a result. Naturally, this does not happen very often as, if it did, the bookies would lose a huge amount of money and would go out of business as a result.
In sports matches where there is not an obvious favourite, arbitrage betting can come to the fore. However, be aware that bookies keep a close eye on the bets that you make. If they suspect you are partaking in arbitrage betting regularly, they could lock your account.
3. Using Welcome Bonuses And Promotions
Using bonuses and promo offers is a simple yet effective sports betting strategy, especially for beginners. You can’t go wrong with enticing your audience to take action on the promotions. Almost all experienced bookies and betting sites like leveraging on the power of “welcome bonuses” and promotions to attract new users, only because it works. The idea is that once people have signed up to their site, they will stay loyal rather than use rivals.
However, sports bettors can take advantage of this to reap the rewards. As we mentioned above, you need accounts with multiple bookies to find the best value bets. So when you are joining a new bookmaker for the first time, make sure you get their top welcome bonus. A typical promotion offered to a new user might be a package of free bets. Free bets are a great way to make money out of a sports betting strategy. After all, you are not risking any of your own money. And if you can combine free bets with an arbitrage strategy, then you are locking in guaranteed profit without even having to put your hand in your pocket.
Bookies have been known to ban users they suspect of bonus abuse, however. This means you need to pay close attention to their terms and conditions and make sure you abide by them, or you risk having your account shut down.
4. Fixed Amount Betting
Lots of sports betting strategies out there involve changing your stake depending on whether your last bet won or lost. But in fixed amount betting, your stake always stays the same. Whether you have won five bets in a row or lost five in a row, your stake never changes. The benefit of this is bankroll management becomes a lot easier when your stake is constant. You are unlikely to go bust when using the fixed amount betting strategy, which is not the case with some of the other hyped strategies.
The last thing to note when using sports betting strategy is that success is never guaranteed. Betting, like the stock market to a certain extent, has some risk, so you should never bet more than you can afford to lose.