Starting out in the world of sports betting can be a bit daunting for beginners. There are so many options, so many markets, so many degrees of risk and options to choose between. Of course the goal of betting is to come away with profit, to make money from your endeavors. The more that you find yourself immersed in the world of sports betting the the more likely it is that you are going to find yourself running on some kind of betting strategy, whether you’re realize it or not. Here are some beginner betting strategies to consider.
The Martingale System
This is probably the most famous betting strategy, and something that most bettors will see some value in. This is where you double your stake for each consecutive bet that you play. For example, if you bet one unit stake on your first selection and it loses, you the bet two units on the second selection. If that loses, you bet four units on the third selection and so on. That way, each time you are playing enough to cover everything that you have already staked, when you do hit a win in the sequence. Remember though, even the flip of a coin is 50/50 chance and one toss doesn’t influence what will happen on the next flip. It’s always a 50/50 chance and a losing sequence can build up. It’s not a bad system to start with though, playing small stakes of course until you get a feel for it.
Some punters just play favourites. It is as simple as that. A race card at a horse racing meeting for example may have seven races running, and a punter can chose to just back the outright favorite in each of the races and hope for a good day. Not the greatest way to approach betting because you are not in control of your decisions and if only one favourite wins at a short price, then it isn’t going to be a very productive day. Another approach to this could be backing the second favorite in each race, for better value. Most punters will lean towards home sides in football betting, just because of the higher percentage of victories by home teams in all top leagues.
The rise of betting exchanges has allowed bettors to be able to create what is known as a green book on an event. What is this? You back Manchester United for example to win the match, but with thirty minutes to go, they are losing 1-0. That is when you can lay them(bet against them winning) so at the end of the match, it doesn’t matter if United win, lose or draw, you would be getting some return. This needs to be done when the second bet on the game covers any losses that the initial be would suffer though.
It may not sound like the most exciting thing, but it is the best thing that you can do for your sports betting. You really can’t beat making your own judgement(without emotions involved) from looking at the statistical and analytical data that is in front of you, such as form, head to head, history and current trends which are following a team. You really don’t have to follow the crowd, look to create your own betting strategies, but at the same time don’t be afraid to deviate when needs arise.