Sports Betting Strategies That WORK! 2024 Update

Check out our page on Point Spread Betting to further your knowledge. For more advanced NBA betting strategies, read our full guide on how to bet on the NBA. If it does, head on over to one of the many NBA betting sites and you’re good to go.

Perhaps the most straightforward example occurs if your first two picks win in a three-team parlay. To guarantee a return, just hedge the third leg of the parlay with a specified stake amount that reflects your desired profit. We all use the term “hedging your bets” colloquially, in instances where we avoid making a decision as we cannot decide which one is right.

Think of the point spread like a secondary competition for teams when it comes to gambling. This is a simple idea but it’s more powerful than you might think. It is much more valuable to be an expert on one team than have an average amount of knowledge on many teams. The more you know about a specific team the better you’ll be able to understand good value when you check the newest betting odds. Mathematically speaking, the Paroli system has the same expected value as betting flat stakes the whole time.

While lines are often moved by educated punters, they can just as well be moved by casuals, i.e. ignorant bettors, the bookies’ cash cows. The idea is that these major gamblers have a good idea of what the likely outcome will be. To use this strategy, you need to monitor all odds on various sites for your preferred sport or league.

The system entails adjusting your wager based on the outcome of your previous bet. You should consider the system if you want to cover your loss while increasing profits significantly. Knowing how to handle your gambling budget is one of the most basic but essential betting strategies. Being effective at sports betting means looking at a lot of data.

  • Even if you place bets on what you perceive to be value bets, there is still a chance for you to lose your entire budget.
  • In this way you try to get a bank as stable as possible, given that a bad run of many bets lost at high odds will not make a big break in the bank.
  • Luckily, we’ve broken down some March Madness betting options into three tiers for new and experienced bettors alike.
  • Instead of following your betting peers, you are actually betting against them.

Yes, it’s possible to try and predict the final scoreline of a match though in many cases it’s ill-advised since it’s pure guesswork. The odds might seem enticing, but accurately predicting the exact score is a fool’s errand. Don’t get suckered in here unless you’re extremely confident or you are wagering trivial sums of money. In the numerator, the winning amount is listed, while in the denominator, the corresponding bet is listed. For example, if the odds are 9/2, a $2 bet would garner a $9 win. If the odds are 8/11, an $11 bet would result in an $8 win (on top of the original stake).

That makes them profitable since every correct bet increases your bankroll by a particular amount. It is normal to confuse between a betting system and a strategy. Most punters unknowingly interchange the two words, which may seem appropriate, but it is not. A sports betting system is a set of betting rules or principles that you can use to place likely bets. These methods or rules are usually tested to make sure they are functional when applied correctly. Odds shopping is mandatory whether you place a free bet or gamble with actual money.

betting strategies

This betting strategy covers offseason, preseason and in-season moves, all of which are equally important and should be followed closely so you remain on top of or sometimes even ahead of the latest news. Let’s use the example of a baseball game between the Chicago White Sox and the Boston Red Sox. Different colored socks aside, Boston is the favorite at -1.5, while Chicago is the underdog at +1.5. In this instance the Red Sox would have to win by two runs or more. The White Sox would have to win or not lose by more than one run. Knowing exactly how the point spread works is a great betting strategy.

High-scoring games can also favor betting underdogs, which may unlock high-value moneylines and point spreads, too. Much will depend on your individual match analysis, while combination betting and parlays may also prove valuable in some instances. Obviously, timing is key when cashing out early, especially when wagering in-play on high-scoring and fast-paced sports such as basketball.

This may sound like arbitrage betting, but it differs because it involves using the free bets that the bookies offer to boost your profits significantly higher than you could from arbitrage betting alone. Much like arbitrage betting, value betting involves taking advantage of discrepancies in bookmaker odds. When bookmakers have vastly different odds, it’s usually the case that one of the bookies is correct and the other is way off. After a few consecutive losses, your stakes will balloon out to the point where you can no longer afford to place the required bet to recoup your losses to that point. For this reason, this strategy is not recommended, despite its popularity with rookie bettors. Are you looking for a mathematical system to help you profit from sports betting?

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