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Sports betting has existed for almost as long as certain sports. It’s deeply entwined in equestrian sports, for example, and has a rich history with football and other sports as well. What makes sports betting such a big hit around the world is that with the right approach and proper betting education, there’s a good chance of turning profit.
Just like with casino games, bettors rely on a range of strategies to improve their chances of beating the bookies. Do any of them work? That’s the million-dollar question. While advanced sports betting strategies are overly complex and may not work without the right bankroll, learning a few tips and basic betting strategies can improve the chances of any bettor.
Basic Sports Betting Strategies
Unlike skill-based games such as blackjack or poker, you can’t use a strategy to cut down the house edge in sports betting. In fact, even pros make money around 55% of the time, so there’s no way to win all your bets. On the positive side, you can learn a few basic tips and tricks on how to get the most out of your bets.
Bankroll Management
The first and most important strategy for betting on sports or casino games online is to manage your bankroll. This should happen before you even start betting. Proper bankroll management is key to avoid going bankrupt. It’ll keep you in control over your spending and prevent problem gambling.
Pros usually divide their bankroll into units between 1% and 3%. That’s the most anyone should spend from their betting bankroll on a single slip. Bankroll management will help you learn how to be careful with your money, which essentially makes betting more fun and rewarding in the long run.
Value Betting
The odds bookies offer come with implied probability, which shows how likely an event is to occur. For example, if you check the Novibet betting section for football, you’ll see odds for wins, draws, or losses for Champions League matches. The odds only imply probability – it’s up to bettors to determine the real value.
If there’s an event that looks more or less likely than the odds on offer, you’ve found a value bet. Value betting is a strategy many professional bettors use to beat the bookies. There won’t be many to pick from, but if you follow betting tips from experts, you’ll recognize many value bets and improve your chances of winning.
Bonuses and Promotions
Using bonuses and promotions is another good betting strategy that increases your chances of beating bookies without reaching far too deep in your pockets. Betting sites such as Novibet have a wide range of bonuses on offer. They range from welcome bonuses to free bets as well as varying enhancers that boost specific odds on football and other sports and offer a better value.
Of course, no bonus comes for free, so it’s important to read the terms before claiming it. As long as the T&Cs are fair, using bonuses as a betting strategy is a good idea.
Arbitrage Betting
Another popular strategy for sports betting is arbitrage. With this method, you’ll be betting on both outcomes of a match, securing a profit either way. Arbing possibilities are hard to find, though, and many bookies have banned the practice. But no one can ban bettors if they’re not caught, so it’s a good strategy to check out and use if such an opportunity presents itself.
