Working Strategies To Earn On Sports Betting 🎯
If you decide to bet professionally, the first question that arises is the right betting strategy. However, there is no absolute answer to this question, because what is a good strategy for one bettor may not suit the other.
The first thing any betting strategy include is good bankroll management. Only when you have developed a bankroll management system that works for you, it becomes possible to test all the ways to earn in betting. So let’s dig deeper into the strategies and choose the most appropriate for you.
1. 1X on home outsiders strategy
Here, we would probably move away from the value bets. Even if we opt for teams that are not big outsiders, but are still outsiders according to the odds, we find highly interesting odds between 1.60 and 2.50.
As with all bets, it is important to analyze in advance and not blindly going for any team. You should of course take statistics into account, advance information about injuries and suspensions, as well as the current shape of the teams. The home advantage of the outsider, for whom games in front of their own audience against a “bigger one” also represent a special motivation, should not be underestimated as it brings another small advantage for the home team.
2. All-in on odds at 1.20 strategy
This betting strategy involves winning numerous bets one after the other and always using the maximum offers the opportunity to earn decent money. It is clear that all the money is gone if you lose a bet. But if you manage to win 30, 35, maybe even 40 times in a row, you’ll get big money!
3. The 1–3–2–6 system
For example, if you wanted to play with a total of 500 €, 10 € would be a reasonable number. A bet unit is the amount you wager on the first bet in the sequence. After every lost bet, the sequence ends and you start a new one — and again you insert a betting unit.
If you win a bet, you adjust your stake according to the sequence 1–3–2–6. So, if you win your first bet, the next time you increase your stake to € 30 (three betting units). If you win this too, you will place € 20 on your next bet. If you win this too, the next time you wager € 60. And already we have the 1–3–2–6 sequence.
4. The Fibonacci betting system
This is how the Kelly formula works
— You choose a game or an event and rate the outcome as a percentage Example: Austria defeats Germany — you rate this outcome with a probability of 20%
— Now, you are looking for an odd for this event that seems fair to you
— Then, you put the probability and the odds in the Kelly formula and get a value from it.
Let us take as an example the 20% probability of winning with odds of @ 5.50. First we do the math, where the probability of 100% is 1:
(Profitability * odd) — 1
(0,2 * 5,5) — 1
1,1–1 = 0,10
Now we can continue to calculate and find the best possible stake for this bet. The formula used to choose a reasonable stake looks like this: Percentage of bankroll to be set = value / (odds — 1)
The Kelly Formula hereby recommends that, given the probability that you have determined yourself and the odds you have chosen, you should bet 2.22% of your bankroll on this event.
Now, of course, the use of this formula also depends heavily on your assessment of the probability. And if you consider a game outcome to be very likely and thus increase the value considerably, then it can happen that you get 30% or even more of your bankroll as a result.
5. Specialize in a league
Become a league specialist. It is therefore advisable to specialize in a single country, ideally even in a single league. In the best scenario, you should choose a league in which there are numerous live TV games, the players are largely known and the media coverage is extensive. If you decide to only bet on games in the Estonian league, then in the long run it becomes more of a lottery than if you specialize in the English Premier League or the German Bundesliga.
There are much more other strategies and only you choose which one to use. If you are really interested in doing sports betting professionally, pay great attention to all of them and make informed decisions.