A huge number of people around the world are interested in sports betting but only a few manage to get a stable income on bets. First of all, this is due to a frivolous approach to betting. Chaotic thoughtless bets lead to loss of money and disappointment in betting. Applying a good sports betting strategy will help keep the bankroll safe. More often, various schemes are applied by those players whose goal is to earn money. But even playing for fun, it’s advisable to stick to a chosen and well-thought-out plan.
Types of Sports Betting Strategies
Reputable bookmakers like Sportpesa offer players a huge variety of bets, which can be divided into three types:
- Single – for one outcome. In case of a positive result for the player, the gain is calculated by multiplying the bet amount by a coefficient.
- Group – betting on several events at once: express and system.
- Multiple – several expresses are formed from events.
All sports betting strategies can also be divided into several types:
- Gaming strategies. Based on the features of a sporting event.
- Financial strategies. They came from gambling, aimed at optimal bankroll management, increasing and stabilizing winnings with minimal losses.
- Combined strategies. Professional players do not use only gaming or only financial strategies. The best option is their competent combination.
How to Choose a Profitable Strategy?
If a player expects to receive a stable profit in the future, it is worthwhile to carefully approach the selection of the strategy. Experienced betters use combined systems and plan the game correctly. There are several stages of planning:
- Determine the size of the bankroll.
- Choose a licensed bookie.
- Compare odds. Even a minimum difference of one hundredth will matter at a distance.
- Choose coefficients depending on the strategy.
- Apply the selected strategy.
3 Winning Strategies
- Kelly strategy. It’s the mathematical formula for calculating the maximum profit rate. The result is expressed as a percentage of the better bank. For example, it’s a match between Liverpool and Manchester United. The bookmaker gives the hosts a coefficient of 1.57, that is, estimates the probability of their victory at 64%. Let’s say, according to the player, Liverpool will win with a probability of 80%. The degree of risk in the example is 0.3. (1.57 * 0.8 – 1) / (1.57 – 1) * 0.2 * 100 = 13.47%.
- Strategy S8. The player must select 8 events with odds in the range of 1.4-1.7. From them, 8 expresses for 3 events are created. The final coefficient of each is about 3. It is necessary to determine which events are most likely to take place. They will be included in most expresses under the numbers 1, 2, 5, 6.
- The Monty Hall Paradox. This is the task of probability theory. There are 3 boxes, one contains a prize. The probability of opening the right one is 33.3%. The player selects the box but does not open it. The paradox is that the probability of finding a prize in the initially selected one will remain 33.3%, while the third is not empty with a probability of 66.6%. It shows the need for a revision of the probability of an event. Under new circumstances, the initial choice may be wrong and will not make a profit.
Choose one of the strategies above and increase your chances to win.