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 highly profitable. Every day there are literally hundreds, if not thousands, of sporting events taking place all over the world. Modern technology now allows you to place bets on these events both before and during with just a few taps of your smartphone.
If you’re just casually punting on that 5000/1 accumulator every Saturday afternoon, chances are you’re coming out at a loss in the long run. Stop giving the bookies your hard earned money and learn how to turn your knowledge into cash with the right betting strategies which we’ll go through here. 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 out there and each one has their own merit. Despite what they might claim, there is no strategy that can 100% guarantee that you will win. When you gamble, you always run the risk of losing.
The idea of using the right betting strategy is to significantly reduce this risk and, in the long run, leave you in a position of being in profit. Some of the most common strategies for betting include:
- Martingale – probably the most well-known of betting systems due to its versatility and ability to be used for any form of gambling, where it be casino or sports betting. The Martingale strategy is simple in that 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 sequence goes like this; 1,1,2,3,5,8 etc. and involves steadily increasing the bet.
- Paroli – the Paroli betting system is one that many punters actually do without even 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 tactic of increasing a bet when you win and decreasing a bet when you lose also applies to the D’Alembert strategy. However, this betting system involves increasing the bet by one point when you win and decreasing the bet by one point when you lose. 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 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 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 bookies 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 both outcomes of an event in order to guarantee a profit. This involves scouring the markets to ensure that you can get similar odds for both outcomes from various sports betting sites.
- Hedge betting – this is very similar to arbitrage betting. It involves taking advantage of moves in the market to get the best odds for both outcomes of the event you’re betting on. It’s common when betting on multiples or accumulators, for instance backing against the last leg of your multiple when waiting on it to come in.
- Backing favourites – favourites are priced up appropriately because the bookmakers think that they are the most likely to win. Of all of the betting systems outlined here, this is the easiest to follow. It’s important to fight the urge to accumulate these favourites into a multiple bet, as this increases the chances of the bet losing.
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 on social media and some even offer a paid subscription service. You should be 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. 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
In any case, if you’re serious about making money from betting online, then you’ll need to have accounts with multiple bookmakers. This is the best way to ensure that you can take advantage of the best value when it comes to your bets.
Another benefit of having multiple betting accounts is that you can benefit from the various promotions, like the welcome bonus that each site offers customers. Some of the common promotions that 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, bookies make money by charging a vigorish, or “vig” for short. This is simply just the cost that the betting site indicates for facilitating the bet and the payment is taken automatically from your winnings.
However, it doesn’t quite work like that in the UK. Here, the bookmakers make their money by laying, or backing against, punters. They then shave a small margin off of the odds that they offer you, this helps them to ensure that they make a profit regardless of the outcome. This is why odds fluctuate, based on the 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
No. Gambling is called gambling for a reason, there is always the possibility that you will lose. 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 and D’Alembert strategies 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 that 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 probably time to call it a day. Don’t be fooled into thinking betting systems can change your luck.