If you’re looking to make money from sports betting, it’s important to have a strategy that will allow you to make consistent profits. In addition to finding value bets, you also need to make sure that you’re using sound bankroll management.
The best way to do this is by implementing time-tested strategies. By following these tips, you can bet like a pro in no time!
1. Hedging Bets
This is a good strategy for those who are new to online sports betting. Hedging is when you place multiple bets on the same game, but on different teams. This will minimize your losses and give you a chance to win even if your first bet doesn’t pan out.
2. Line Shopping
This strategy involves comparing odds across several sportsbooks. It is a great way to increase your profit potential, especially for long-shot outcomes.
3. Chasing Steam
This is another betting strategy that can be useful for identifying the best chances of winning a wager. It involves chasing down major punters, often from betting syndicates, who change lines to move the odds in their favor.
4. Follow the Public
This betting strategy is most effective during hyped events or major competitions. It works by recognizing the patterns of educated punters and copying their bets in order to make a profit.
5. Back & Lay Betting
The most common sports bets are back-bets and lay-bets. The back-bets are placed on a specific team to win, while the lay-bets are placed against it. These two betting types can be very lucrative, but only if you’re able to spot the best odds on both sides of the bet.
6. Bet-Boosts and Promotions
Most sportsbooks offer promotions and bonuses, especially during major events. Many of these offers are worth taking advantage of, as they can help you to increase your betting bankroll and make more money from each bet.
7. Hedging Bets
When you bet on a game, you should always try to hedge your bets as much as possible. This can be done by placing a second bet on the same team with different odds in order to reduce your risks and increase your profit potential.
8. Matched Betting
This strategy can be particularly useful in identifying the best odds for point spreads. It allows you to bet on both sides of a match with the same promotional cash, allowing you to make more money.
9. Hedging Bets
The most effective hedging bets are those that are based on a combination of different factors, such as the team’s history and current form. It’s important to remember that hedging can only work with a few bets, so you must choose carefully.
10. Trend Analysis
In addition to analyzing the odds, you should also do your research on any trends that may be developing. These can be a good indicator of a team’s strengths or weaknesses. You can use a trend analysis tool to identify these trends and place your bets accordingly.