Before you start your betting journey it is important that you have a betting strategy in place. There are a number of factors that will influence your betting strategies like choosing the right bookie and setting a betting budget amongst other factors that we will touch on later. Before committing to an online bookie it is important to scout around for the best odds and bonuses offered by the bookies. We advise you to open different bookie accounts depending on your sport preferences. The other important factor that you need to consider when devising your betting strategy is research. This is probably the most important point as research allows you to make informed betting decisions which increase your chances of winning.
Some of the aspects that you could adopt when deciding on the best betting strategy is to place mainly multiple bets as there are greater possibilities of winning big.
If you have researched the teams and feel confident the multiple bet could win you loads of cash. Remember the odds are great on these bets but so are the risks. It is a good idea to have a few banker teams that are favourites to win and then to play around with the teams that are long shots.
There are opportunities in sports betting where a punter can make a bet that is opposite to his original bet. It might seem weird to bet against your original bet but as you’ll see, when it’s done right it can guarantee you a profit.
Hedging is the term used when you bet on the opposite teams especially in multi bets. This simply means that if all the favoured teams win then you will be the winner as you have covered all other outcomes in the remaining matches. In both these examples you can bet against your original wager and lock in a profit, regardless of the final outcome.
Hedging lets you sacrifice a larger potential payout in exchange for reduced risk and a guaranteed profit. By making your hedge bet larger or smaller you can play with how much risk and reward you want to take.
There are literally thousands of betting markets available daily on all sports with one football match alone having hundreds of betting options. As you can tell it will be an impossible task to research all the sporting teams therefore one of the best betting strategies is to commit to a particular sporting niche.
If you are a football punter then there are still too many matches taking place to have knowledge of every match. Our suggestion is to concentrate on just the top European football leagues as there are always plenty of news on teams in these leagues.
This is a simple idea but it’s more powerful than you might think. It is much more valuable to be an expert on a few leagues than to have limited knowledge on many leagues. The more you know about a specific league the better you’ll be able to understand good value when you check the newest betting odds.
How to choose the best strategy?
The best advice we can give you when choosing the ideal betting strategy is that you need to bet with your head and not your heart as you are destined to incur losses when there is emotion involved when making your bets.
The pre match statistics and research will give you the best possible chance to win your bets so this strategy should be diligently followed. Look out for bookies that offer promotions like bet refunded if only one leg of your multi bet loses. This allows you to make different selections on your multi bet knowing that if you are only lose by one leg then you get your money back.
There’s a multitude of information out there on different types of sports betting strategies. Some are great quality while others might steer you far wide of your comfort zone or budget. The bottom line is, the more you learn about ways to improve your understanding of the sport, teams, players and different kinds of wagers, the greater the opportunity to make a profit. The information you gather along the way is really what matters most.
As we stated above, it is best to be a master of one field than to have limited knowledge across the board. Find your niche and then develop or employ strategies that work best for that sport and for the teams or players you know best.
There’s no need to stretch yourself thin across lots of sports or many different teams as this becomes a risky strategy.
Are there risk free betting strategies?
You may be wondering if there is any way to place a risk free bet and the simple answer is YES. We will take you through two low risk betting strategies that will help new and experienced punters.
The first of these betting strategies is called Arbitrage betting. This is when you compare odds from different betting sites and see there is discrepancy between bookies on a tennis match for example. You can place bets on the two players at different bookies and whoever wins, you will be a winner.
The winnings though are very small, usually between 1 and 2 percent of your stake meaning you need to bet large sums of money to make a decent profit.
The second risk free betting strategy is Matched Betting. This strategy involves joining various online bookies and taking advantage of their promotions like first deposit matched Welcome Bonuses and No Deposit Bonuses. In this strategy you are using the bookies money to bet but there are many wagering requirements that need to be fulfilled before you can withdraw any potential winnings.
Some great advice is that do not always look for the longshot especially in multi bets but rather steadily build your betting account by combining highly favoured teams with the odd underdog team.