Betting Strategies
Core to any professional gamblers betting strategies are money management techniques.
No one will win every bet so it’s important to be able to accept money losses as part of
your strategy. Just as a stock market investor accepts his losses and ruthlessly cuts them
from the portfolio a sporting gambler must not be taken out of the game by a string of losses.
Also the old adage, don’t put all your eggs in one basket, applies here.
Betting strategies and betting systems.
Historically betting strategies have a bad name, there have been countless ‘systems’
masquerading as strategies that could ‘guarantee success’. Many of the systems were designed
for casino games where the odds are always on the side of the house and none of them have any
merit, you might be lucky initially but in the end
you will lose.
One of the oldest and most followed systems is called the Martingale.
Following the martingale system a gambler will double their stake on a bet until they get a win,
if the bet has similar/same odds every time, they will in theory make their stake back plus more.
Mathematically you have an approximately 20% chance of catastrophic losses following this plan,
which also requires a lot of stake money. Even with free online betting there’s no point wasting
your time and money.
Best bet advice says; never follow, let alone buy, any ‘system’. Also remember to avoid the
gamblers fallacy
that because something hasn’t happened for a while it’s more likely the next time. This fallacy
is alive and well and we have seen it discussed on forums recently regarding football match
draws, i.e. a draw is ‘due’!
Betting strategies not guarantees.
Sports betting is not just pure chance like most of the casino variety so a level of
expertise, research and instinct can reward you. You can study a player/racer/team and
their previous successes at various events and find patterns and trends that point to predictability.
This is part of the fun of making your own betting strategies, and these strategies come from experience
and wisdom. There are many sources of stats (or form) to help you look back and extrapolate the future.
For soccer/hockey there are numerous resources on head-to-head statistics and ratings. These are quite
mathematical and as usual higher probability gives shorter odds. Some gamblers look at the odds to
head-to-head stats ratios to produce ‘value bets’, it can be quite an intense maths task but seems
to be one of the most rational of betting strategies.
Betting strategies – become an expert or... follow one!
As a sports fan yourself you might have a good idea for a winner. If you have some good horse tips,
football tips or golf betting tips
the stats and histories can help you decide you’ve made a good bet or influence you to change your mind.
All in all, the richness of information out on the web can help you make the right choices, as long as you aren’t
distracted by the fallacies and systems that also abound on the net. If you’re not an ‘expert’ yourself it can be beneficial to follow one of the best
performing tipsters who frequently compete in tipster leagues here on Best Bet Advice. Some of these
guys know their stuff and have success rates to back it up. Good luck with your betting strategies!
