While there are no sure-fire ways to win a bet, having high-quality betting strategies will enhance your winning chances. Not only do you get more insight into online betting, but you also get better with time as a bettor. Depending on your betting expertise, it may take you a shorter time to master the betting strategies used by the pros. Besides locating the best lines and making the most of time-tested betting strategies, you must also choose a reputable bookmaker. Let’s explore these betting strategies.
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Betting Strategies Overview
Bettors do not need complex betting strategies and systems to be successful in online betting. However, with the right betting strategies, you can match up to the pros. Here are a few tips to assist you with the strategies that you employ
Research Betting Strategies
Research plays a vital role in helping you understand the games in question and how to bet. As a novice player, you must first understand what fixed odds means, different types of sports wagers, components, alternatives, as well as how to bet with your selected bookmaker. Additionally, research involves understanding how particular games are played. Understanding the basics helps you get started in the right way.
You must also plan and know what you are getting involved in. There is no bettor with an infinite amount of money, hence the need to manage your finances when betting. You can begin by setting a budget and sticking to it. Afterward, develop a staking plan to help minimise the losses you will make when wagering; some days, you will win and lose in others. With a staking plan, you can avoid making irrational betting decisions and losing money made from a great run.
Calculate the Odds
Successful betting will always start with understanding the odds and figuring out those that are worth taking. Usually, the odds are displayed in different forms depending on the selected sportsbook. You shouldn’t worry as they are all easy to understand. You can then use these odds to calculate the outcome and know what to expect, should you bet on the specific sporting event. The response will then show you the precise amount you will win and determine the value.
Different bookmakers have distinct offers for their customers. The most prevalent offer is a welcome bonus. Upon making your first deposit at a betting site, you will receive a percentage that they match. If it is 100% and you deposit NGN 1000, it means that you get an extra NGN 1000 into your account. Other offers that you may find include:
- ACCA bonus
- Risk-free bet
- No-deposit bonuses
You should first assess these before joining a betting website.
Popular Betting Strategies
One of the best ways to avoid lots of losses in betting is having the right betting strategies. Let’s take a look at some of the most popular betting strategies that you can adopt.
Sports Arbitrage Trading
Sports arbitrage trading refers to betting on all the possible outcomes in a sporting event. You can use the prices offered by competing bookmakers in order to maximise your earning ability. Using this strategy makes it easier for gamblers to place bets that always result in an assured profit in the long run. Regardless of the game’s outcome, you are guaranteed to win as you placed bets on all the possibilities.
Matched betting refers to cancelling out the risk on the back bet at the online bookies. Usually, it happens as you bet against yourself at the same odds. Experts refer this to as ‘laying a bet’. A typical example is betting against a certain outcome to come true. If you bet that team A will not win and they win, you will win the bets if they lose or draw. It allows for more profit and surety as you use one bet to wager on two markets.
There is nothing as exciting as betting on an ongoing match. Traditionally, all betting action was closed as soon as the game commenced. Now, most bookmakers allow for in-play betting, so you can take advantage of that. Usually, live betting also attracts handsome odds that change after every break. These odds are developed by computer algorithms and then displayed on the bookmaker’s website or major platform. Since you are watching the match, analysing, making football predictions, and staking, you may make more money.
The Best Football Betting Strategies
Football is a major sport in Nigeria. For you to win your bet, you must first analyse and know the team to wager for. Let’s see some of the most successful football betting strategies to use.
Betting on a single game at a time reduces your risk. If you have NGN 2000, you should subdivide the amount into different bets. This is mainly because online betting can be a highly volatile activity, and even the best and professional gamblers go through losses. With single betting, you can manage the risk levels.
While most low-stakes online bettors in Nigeria use a large portion of their finances, it is recommended that one should only use 2% of their bankroll in each stake. By limiting the amount you spend in each game, you can quickly contain the losses. It is all about putting your eggs in different baskets.
In football, every team has its shortcoming, commonly known as a handicap. In order to maximise with this strategy, you should place your bet on the team with a handicap. During the game, the handicap must be equalised. In most cases, the odds for handicaps are normally higher than regular betting markets.
Top Basketball Betting Strategies
Basketball is also a popular sport to bet on in Nigeria. With the right betting strategies, you can enhance your success in betting. Let’s explore some of the best betting strategies for basketball.
Betting for the Underdogs
Basketball players hate losing at home in front of their fans. When most teams are at home, they tend to have better shots at emerging victorious. While this may be true, sometimes the underdogs also have a better shot. Bettors can wager for the underdogs as the home teams usually relax after they get a few points.
The Moneyline is a straightforward bet where bettors can wager on the chance that one team will beat the other. In most cases, it is a number larger than 100, and it manifests in a positive (underdogs) or negative. If the line is a +180 and you place NGN 1000, you will win NGN 1800 at the end of the game.
Look For a Blowout
In basketball, a blowout means an easy or one-sided victory. As a bettor, you need to be on the lookout for these as they are the most successful betting strategies; if one team wins against the other by 11-0, then that is a blowout.
Successful Tennis Betting Strategies
Betting on tennis can be fun. It even gets more exciting if you are getting some handsome returns from gambling. Here are a few successful tennis strategies that you can use.
Handicap on the Outsider
In most cases, tennis games are played between the favourite and the outsider. Most bookmakers impose a positive handicap on the outsider after the first set. For in-play betting, you can take advantage of this and bet on the outsider’s handicap.
This strategy is most applicable for live betting on total games. The first set must have been played and end with a high number of games. Usually, if this happens, the probability of the second set may be less than the first set. Bettors can place a bet on TU (total under) as it always has high odds.
Bet on the Favourite
Tennis matches distinguish the teams as favourites and outsiders. You can bet on the favourite to win and wait for the outcome.
Highly competitive odds
Popular Sports Betting Systems
Online betting does not have to be a challenging process. You can successfully use several systems to reduce risk and enhance your chances of winning in your betting expeditions.
The Martingale theory has been in use for quite some time and majorly focuses on doubling the bettor’s wager after every loss so that the first win recovers all the losses you have had in the previous bet. If you started with NGN 1,000 bet and lost, you would then double the bet and continue doubling each bet until you finally win. When you reach your fifth bet, you would be risking NGN 16,000. Usually, the strategy works for high-rollers.
Fibonacci sequence increases your bets in a particular sequence. Let’s take a look at a classic example of the following sequences. 1, l, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144… Usually, the first two numbers in the sequence are 1 and 1, or 0 and 1. Depending on the selected starting point of the sequence, each subsequent number becomes the sum of the previous two. A win moves you down by two units while a loss elevates you by one unit.
In betting, parlay operates when a bettor makes multiple wagers (at least two) and ties them together as one bet. In the event that one bet in the parlay loses, the whole parlay loses. Nevertheless, if all the wagers win, the bettor goes home with a huge amount as it assures you of bigger payouts. Again, the system mostly benefits high-rollers.
Employ a Betting Strategy
While betting can be challenging for novices, there are a lot of people who consistently win, and there is another lot of professional bettors who make a living from online betting. All this is only possible when you study, understand, and use the best betting strategies. None of these online betting strategies is secret. However, they require understanding and careful execution. You can begin with the lighter betting strategies as you move to the advanced systems.
FAQ on Betting Strategies
We have compiled a list of the most frequently asked questions and informed answers to help you with these online betting strategies.