Now before going into all the layouts and betting plans, it is important always to remember the following.
There are no proven, guaranteed to win techniques.
With that in mind, let’s crack on and check out the different strategy types.
Instead, we will look at how the methods work and combine similar betting theories together.
Grouping them into categories, so that you know exactly where you stand.
Progressive Betting Systems
This system is based around you changing your stake after each game.
The most famous progressive betting system is theMartingale system.
Take a simple 1:1 odds/evens bet on a roulette table.
Positive and Negative Progressions
There are also betting systems that also include negative progressions.
These systems, such as Labouchere or D’Alembert, are far less aggressive and intend to negate your losses.
They involve increasing your stake on a loss and decreasing it on a loss.
Either way, you are not just building and building like the Martingale.
It is aimed to bring more balance to players who are on losing streaks.
And, ensuring you don’t get too carried away with winning streaks.
They are not only allowed by casinos and sportsbooks, but in many cases encouraged.
That may put you off, but there are ways that these can work.
Hedging Betting Systems
The most common hedging tactic isarbitrage betting.
This strategy requires you to sign up for numerous sportsbooks.
The result will be you pocketing a profit.
Because the original stake is a bonus that you receive in a sportsbook.
You then places that $250 bonus on Alcaraz at odds of 1.38.
Therefore, you have to stake $19 on Tsitsipas at Sportsbook A.
But matched betting is seen as bonus abuse.
The only legal form of hedge betting is dutching.
This is usually done on horse race betting, or with outright bets in a league.
This method is used predominantly in sports betting.
Sound too good to be true?
Most sportsbooks will suspend or ban suspected hedge bettors.
Unless, that is, you are dutching.
It doesnt sound as far fetched as you may think.
Sportsbooks use algorithms based on stats and venture to figure out the fairest odds on each line.
In some cases, the teams are more evenly matched which brings excellent opportunities on either team.
The Kelly Criterion can tell you exactly how much to wager.
But it requires you to come up with the percentage of how likely the bet is to win.
It is not easy, but there are tools andAI softwareout there that can help you come close.
Value betting is useful for bettors to understand how odds work and assess the probability for themselves.
This can take time to get used to and requires data-driven analysis.
But sportsbooks do not apply juice evenly.
In most cases, they will add more juice to the bets that sell the most.
By that, we mean betting on favorites in moneylines and overs in totals markets.
This doesnt necessarily involve picking the underdog each time, but to considerpositive spreads.
Betting against the crowd comes with its own risks.
If you solely bet on the underdog and unders markets, be prepared for a lot of losses.
Live Betting Markets Using Your Gut
Unfortunately, a lot of bettors bypasslive betting.
Maybe it is the inconvenience of checking the odds during a game.
Or perhaps, the stress of making quick decisions in the blink of an eye.
Sportsbooks use software to determine the odds based on the stats.
But they lack that human instinct.
You may spot things that the algorithms cannot decipher.
Such as a player who is not focused, or getting impatient and reckless.
Timing is extremely important, and you must be prepared to make flash decisions.
This is really a good option for anyone who watches games.
But it does require quick decision making and forces the bettor to be more reckless with their quick predictions.
Should all the selections on the bet win, then you will get tremendous rewards.
As the parlay multiplies the odds of all the selections together into one.
These wagers have the biggest potential returns, but you cannot underestimate their risk.
Even if you are picking 5 favorites to win their games.
Individually, there is nothing to suggest that they wont win their games.
But chances are, 1 or 2 of those 5 games will end in a victory for the underdog.
But you will need to split your stake that many ways too.
For example:
Another form of coverage can come inteasersand pleasers.
These work with parlays that only have point spreads.
The odds will get shorter.
With pleasers, you decrease the lines by a fixed number, increasing the risk and the odds.
Using parlays and alternate full cover bets is a great way to shoot for bigger returns.
But they are a useful tool for any bettor, alongside parlays, SGP bets and teaser/pleasers.
Bear the risk in mind when parlay betting, and stake your wagers accordingly.
Namely, betting on alternative betting markets or using niche props.
Finding the strategy that works best for you is really a case of trial and error.
The hedge betting strategies, while proven to bring wins, do put you in a lot of danger.
And you have to stake a lot of money so you can bring small wins.
It usually brings around 5% profit on your wagered money if you could find the discrepancies.
Progressive betting systems are useful in casino gaming, but they can also lead to tremendous losses.
Best Strategy For Your Betting
There is no one way about it.
You may be more than happy to pick the Fibonacci and use it in all your betting endeavors.
It is highly worth reading out about these different betting systems and finding out exactly how they work.
Then, you will have the means to create a betting system of your own.
Daniel has been writing about casinos and sports betting since 2021.
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