While betting can be a lot of fun, making sure you can afford your hobby is key to ensuring that it doesn’t become a problem over time. This helps you diversify your risk while improving your handicap skills.īeing careful with your money is the most important thing. A common strategy is to divide your bankroll in units of 1%-3% of the total, and never bet more than that. 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. Bankroll managementīankroll management is the most important factor in not going broke.

Check out our detailed guide to value betting here. If you can consistently detect value bets, you will eventually win more money than you lose. If you see an event more or less likely that the bookies do, you have perhaps found a value bet. It is up to you to judge if those odds are correct. For example, odds of 3/4 or 1.75 have an implied probability of 57.1%. This could be a win, loss, or draw for a football team, the winner of a boxing match, or the final score of a hockey match. Value BettingĮvery set of odds a bookie offers comes with an implied probability, reflecting how likely an outcome is expected to occur. While there are many betting strategies you can use, there are two central concepts that are present in almost every one of them: the concept of value and the importance of sound bankroll management. Still, with enough patience and the right betting strategy, you should be able to beat the bookies in the long run. In fact, betting pros only win about 55% of their bets. This is because most bookies have a house advantage of at least 2%-3%, and it takes a lot of focus and self-discipline to become a professional punter. Still, it can be hard to land consistent wins. There are a few forms of gambling that can lead to long-term profits, such as poker and sports betting.

Statistical Methods of Betting Strategy.

Best guide for sports betting