Best Betting Systems

Sports betting is one of the world’s favourite pastimes, but with the right betting systems, you can turn a hobby into something more profitable. Every day there are thousands of sporting events taking place all over the world. Modern technology allows you to place bets on these with just a few taps of your smartphone. With so much choice, it’s important to be methodical, which is where betting systems come in. Utilising them can be the difference between losing and turning a profit. You can test out the betting systems mentioned on this page at any of these fantastic betting sites.

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Common Betting Strategies

The first thing to note is that there are many different sports betting systems and each one has its own merits. Despite what they might claim, there is no strategy that can 100% guarantee a win. When you gamble, you always run the risk of losing. It is therefore important to manage your budget with this in mind.

The idea of using the right betting strategy is to reduce this risk and, in the long run, leave you in a position of turning a profit. Some of the most common strategies for betting include:

  • Martingale – Probably the most well-known betting system due to its versatility as it works for both sports and casino betting. The Martingale strategy is simple – you double your stake whenever you lose until you win. Once you win, you return to your original stake and start again. While simple, it’s also high risk, so be careful.
  • Fibonacci – Similar to the Martingale system, the Fibonacci betting strategy involves increasing your bets as you go along. However, the increases in stake aren’t as drastic as the Martingale system. Instead you increase your bets based on the Fibonacci sequence. The next amount you bet is the sum of the previous two bets. The first numbers of the Fibonacci sequence are 1, 1, 2, 3, 5, 8, 13, 21, 34…
  • Paroli – The Paroli betting system is one that many punters do without realising it. This strategy involves doubling your bet after you win, rather than after you lose like with the Martingale system. This is a tactic that is much better suited to those who are new to betting or betting strategies as it’s an effective way to minimise losses by reducing your bet when on a losing run.
  • D’Alembert – The D’Alembert strategy involves increasing your bet by one point when you lose and decreasing the bet by one point when you win. This is more of a longer term strategy as it can take time to turn a decent profit this way.
  • Kelly Criterion – The Kelly Criterion is one of the more advanced betting systems, as it involves a mathematical formula to determine the amount you should bet. The optimal bet size is set according to the probability of the bet winning and the higher betting odds offered by the bookmaker. The idea is to maximise profits over the long term by betting significantly more when the odds are in your favour.

Long-Term Betting Strategies

As the name suggests, long-term betting strategies require much more patience, as returns are not seen straight away. Gambling should never be a means to make a quick buck, and these strategies are important if you plan to gamble over a long period of time.

Some of the most popular long-term betting systems include:

  • Looking for value – Keeping an eye on the odds available across various bookmakers is a good way to ensure that you get the best possible value on your bets. Different bookmakers will often have different odds for events, so keeping an eye on the markets to grab the value before it goes.
  • Arbitrage betting – Arbitrage betting (sometimes called sure betting) is a system that involves backing all outcomes of an event in order to guarantee a profit. Note that for this to succeed, the odds need to be right.
  • Hedge betting – This is very similar to arbitrage betting. It involves placing an initial bet then laying that bet should the odds change favourably. This is most common when backing Team A to win in the pre-match betting then backing Team B to win in the live betting, should the match take a different turn than expected.
  • Backing favourites – Favourites are favourites because bookmakers think they are the most likely to win. Of all of the betting systems outlined here, this is the easiest to follow, but winnings tend to be low. It’s important to fight the urge to accumulate favourites into a multiple bet as this increases the chances of the bet losing.
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Following Tipsters

If you don’t have the time to do your own in-depth research into sporting events, you could consider following a tipster. You won’t struggle to find tipsters online or on social media. Many are free but some offer a paid subscription service. You should be very careful handing money over to tipsters, however. They will make guaranteed money from your subscription, but they can’t guarantee that you will make money from their tips.

Our advice is to follow a free tipster if you are going to go down this route. If you do, it’s important to check their previous form and how often their tips come in.

As betting systems go, it’s not the most effective, but it’s certainly the least time-consuming of the options presented. 

Multiple Betting Accounts

If you’re serious about making money from betting online, you’ll need to have accounts with multiple bookmakers. This is the best way to ensure you get the best value when it comes to your bets.

Another benefit of having multiple betting accounts is that you can benefit from various promotions, like the welcome bonus that each site offers new customers. Some of the common promotions you can get include weekly free bets, boosted odds, and much more.

You can use your bets and promotions to utilise the betting systems we’ve told you about on this page.

How Bookies Make Money

In countries like the US, bookmakers make money by charging a vigorish, or “vig”, for short. This is simply the cost of facilitating the bet and the payment is taken automatically from your winnings.

Bookmakers make their money by laying, or backing against, punters. They then shave a small margin off the odds they offer you. This helps them ensure they make a profit regardless of the outcome. This is why odds fluctuate based on betting activity.

If you’d prefer to get better value, you can always look at using a betting exchange. These offer you the chance to go head-to-head with other punters, instead of a bookmaker. It’s worth noting though that you do pay a percentage fee on winning bets, so this should be considered.

FAQS

Can I guarantee profit with betting systems?

No. Gambling is called gambling for a reason, there is always the possibility that you will lose. However, using betting systems like the ones mentioned here can be a good way to reduce the chances of you losing, both in the short and long term.

Progressive betting systems such as the Paroli strategy are often considered to be the safest ones for punters to use as they involve reducing stakes when things aren’t going your way and increasing bets when they are.

Yes, absolutely. The betting systems we’ve outlined here can be used across a range of sports as they aren’t related to any specific market type. Instead, they’re focused on your staking strategy so they can be applied across many sports and markets.

A point is a reference point for tracking your stakes as well as profit and loss margins. So 1 point can mean different things to different punters. Generally, 1 point would be equal to a €5 or €10 stake.

The one thing you never do when on a losing streak is chase your losses. If you feel like you’ve lost enough, then it’s time to call it a day. Don’t be fooled into thinking betting systems can change your luck.