The Best Betting Strategies
Improve Your Betting Chances
Despite the common belief that you stand the same chance of winning a bet no matter how much you stake, there is a big argument that actually the amount that you stake is even more important than what it is that you bet on. There are all sorts of strategies and tips to help you figure out what you should and shouldn’t bet on. There are many ways to find out how to best place your bet on a winner, but here are some of the best strategies that you can use when it comes to deciding how much to stake on your sports bets.
The Different Betting Strategies
The first of the betting strategies we have is for the very brave - betting your entire bankroll every time. Well, obviously the big advantage of this is that when you win, you’ll win big. However, the downside is also pretty clear… the minute you lose, you’ve got nothing left and are out of the running. We’d use this strategy with extreme caution.
Another strategy is using a fixed bet. This means that no matter what you bet on, no matter what the odds are, you bet exactly the same amount. Obviously, this means that you are not going to lose your entire bankroll in one go, but it also means that your wins will be slow and steady, no matter how much you win.
Moving on, another strategy that can be used is the proportional betting strategy. This entails you betting a fraction of your bankroll that is proportional to your edge. If you are betting on odds of 10/1, that is a 10% chance of winning, therefore you bet 10% of your bankroll – i.e. 10% of a €1,000 bankroll would be €100. Then, if that bet wins, then your next bet, for the same odds would be €110 – 10% of the new €1100 bankroll. This is quite successful as it means that winning increase more quickly than when you make your fixed bets.
A very popular strategy that is used is the Martingale strategy. This system involves you betting double your wager after any unsuccessful bet, so you recover any lost money. This is popular because it gives players a quicker increase than using fixed wager strategies. However, if you have a couple of losses in a row, this could mean you end up betting quite large quantities of money to cover the losses incurred.
Another very popular strategy is the Fibonacci strategy. This also involves you increasing your stake after a loss to mitigate your losses. However, with this strategy, your bet doesn’t increase as much as with the Martingale strategy should you lose.
What Strategy to Choose.
Well, proportional betting has a big advantage, as you will not lose your money anywhere as quickly as with other strategies. If you’re losing, then your bets will be getting smaller – so should you get down to your last €10, your bet will only be €1. This strategy obviously keeps you in the game for much longer than any fixed betting systems.
On the other hand, the fixed betting systems and the bet everything systems can see you potentially win massive amounts of money. However, it is incredibly risky and sees you have the chance of being out of the game very quickly. It’s an all or nothing strategy.
The progressive Martingale and Fibonacci system does start strongly. However, if you start losing then your bets will become much bigger.
The stake that you choose to bet really does depend on how risky you want to go. If you are more cautious, then proportional betting is definitely the strategy that you would want to go for.
However, if you want to win big and are prepared to take a risk, then the bet everything strategy is the way to go. If you use this strategy, then the chances of betting for a long time are minimal, but if you do manage to hit a lucky winning streak then you could end up having the most impressive of wins.
Whatever you decide to go for, it is important to understand that none of the betting strategies are ideal. You choose what’s best for you and go for it.
