It's no secret that people love to gamble. In fact, many people make a living off of gambling by using proven betting strategies. Some of these methods are less well known, but the fact is that there are specific strategies that can be used in order to give oneself the best chance of winning.
In this article, we will explore some of these strategies in more detail. But before reading on, it is important to only bet what you can afford to lose, and to be aware of the potential risks involved. Get it wrong and you can lose your whole bankroll. Plus, each of these betting strategies require a lot of research and brain power; there is no quick and easy way to win.
Arbitrage betting is a strategy that can be used to make guaranteed profits from sports betting. It involves betting on different outcomes of the same event at different sportsbooks, in order to take advantage of different odds. For example, if Team A is playing Team B, you could bet on Team A to win at one sportsbook, and then bet on Team B win at another sportsbook. In some cases, the differential in the odds that are independently calculated at each bookmaker, would result in a guaranteed profit, regardless of the outcome of the game.
Arbitrage betting guarantees you a profit, the profit is often very small. Plus, it takes a lot of researching and is time consuming.
Matched betting is a technique that mathematically generates a profit from taking advantage of free bets or bonus promotions offered by bookmakers or betting exchanges. Almost all online bookmakers give these offers in the form of 'free bets' to new customers. A similar example would be whereby casinos would often provide free spins no deposit bonuses for new customers.
In matched betting, at least one of the bets should use the free bet. The free bet is used to 'hedge' the placed bet at the other bookmakers. This way, by hedging, all the possible outcomes of the event are covered. So that no matter what happens, the value of the bet is retained.
Matched betting can be a complicated business and takes time to set up. Plus, if you are successful, it may lead to your account being closed down.
Expected Value Betting (EV Betting)
Expected value betting is a strategy that can be used to make more profitable bets on sports events. It involves calculating the expected value of each bet, and then betting accordingly. The expected value is calculated by multiplying the odds of a particular bet by the amount you stand to win if you win the bet, and then subtracting the amount you stand to lose if you lose the bet.
For example, if you are considering betting on Team A to beat Team B, you would first need to look up the odds for that bet. Let's say the odds are 3/1, which means you would win $3 for every $1 you bet. You would then multiply this by the amount you stand to win (in this case, $3), and subtract the amount you stand to lose (in this case, $1). This would give you an expected value of $2 for that particular bet.
By using expected value betting, you can make more informed decisions about which bets to place, and increase your chances of making a profit.
Professional betting strategies can be used to make a profit from gambling. The three most popular methods are arbitrage betting, matched betting, and expected value betting. All of these strategies have their own risks and rewards, so it is important to do your research before getting started. Before you decide to take up one of these strategies make sure you do your homework as it is a lot harder than it may first appear.