To experience long-term success in the sports betting universe, you need more than just luck. And compared to other gambling games (online casinos and lotteries), success in sports betting is based more on sports knowledge and analytical skills than luck. Whether you place bets on sports there or in a betting shop, it doesn’t matter: the world of sports betting is not for people who are not willing to do research and follow rules.
To turn the tables in sports betting and outsmart bookmakers in a good way, you need not only sports knowledge but also good money management, patience and knowledge of betting strategies. Read this article to learn more about what betting strategies are and how they work.
Sports betting strategy simply explained – definition of betting strategy
A betting strategy, like any other strategy, consists of certain rules and actions that the bettor must carry out in order to bet successfully on sports. The goal of every betting strategy is to maximize winnings in sports betting and minimize losses. To do this, you have to define the right bets: success in sports betting depends on how you place bets. And there is always a certain amount of mathematics behind the betting strategy: it is not about advanced mathematics, but about certain calculations, numbers and statistics.
It is also important to be clear in advance that no betting strategy in itself guarantees success in 100% of the bets you make. No model for calculating the probability of an event in sports betting is sufficiently accurate to be used in 100% of cases without further ado. However, advanced knowledge of betting strategies gives the bettor the opportunity to be one step ahead of other players and even bookmakers in the long term. And that can increase a bettor’s chances of winning in the long term. We will also look at what betting strategies there are: to win in the battle with sports betting providers, you need a whole arsenal of betting strategies!
The most common sports betting strategies
Basically, a distinction is made between bankroll management strategies, live trading strategies and value betting strategies. We will start with value betting strategies: these are strategies aimed at choosing the best possible sporting events. These are bets with very attractive and profitable betting odds. If you bet on these sporting events, you can hope for long-term profitability. We will not go into this in detail here, but we would just like to say that betting strategies of this type include the basics of probability theory.
As for the so-called live trading strategies, they consist of securing bets with high betting odds with lay bets. For example, before the game you place a bet on one team to win, but a little later you place a bet on another team to win. This way you can make a profit on sports betting regardless of the outcome of the game. And there are a number of betting strategies that have only to do with bank management.
These are the betting strategies that allow you to calculate the optimal bet for a specific sporting event. These include the strategy with the Kelly criterion, Martingale strategy, Fibonacci betting strategy, D’Alembert strategy and Oscar Grind strategy. For example, the D’Alembert strategy involves increasing the bet by one unit (let’s say 1 euro) over the long term after a win. If you lose, you should reduce the bet by one unit accordingly. To successfully use this strategy, you should also select sporting events with the same or similar betting odds.