Sports Betting : How To Maximize Your Chances ?
Have you been betting on sports for a while, only to find yourself consistently losing money or barely breaking even ?
You might be asking yourself, “IS IT POSSIBLE TO MAKE MONEY IN SPORTS BETTING?”
YES, IT CAN BE POSSIBLE! However, let’s be realistic: only a handful of players actually manage to profit. The foundation is having a well-defined strategy, knowing there’s no guarantee of becoming a winning player. It’s important to understand that most bettors lose, so only risk money you can afford to lose.
Above all, sports betting should be considered entertainment.
Which Strategy Should You Use in Sports Betting ?
Why share my strategy? Simply put, we’re not in competition, and I have nothing to lose by sharing.
When I started betting on sports, I was somewhat naive, thinking I’d make a lot of money quickly. In reality, I lost quite a bit because, despite knowing certain sports well, like football and tennis, I had no strategy or management. I wish someone had explained to me back then what I’m about to share here.
Why Was I Losing Money ?
Understanding why you’re losing money is crucial to avoid repeating the same mistakes. Here are the top 5 reasons most players lose money:
- Trying to hit it big in one go.
- Betting on excessively high odds.
- Betting too much at once.
- Betting based on a “feeling.”
- Chasing losses.
If you’re betting this way, it’s simple: YOU CANNOT WIN in the long term.
The Best Strategy to Use for Your Bets
To maximize, you shouldn’t “play the odds”; instead, focus on odds with the highest likelihood of success—typically between 1.20 and 1.50.
These odds may seem low, and you might feel like you won’t earn much, but don’t be fooled. I’ll show you how to use these low odds to your advantage.
A bit of math: an odd of 1.20 means the bookmaker estimates you have an 83.33% chance of winning; an odd of 1.50 implies a 66.66% chance, and an odd of 2.00 gives a 50% chance. Of course, you should consider team form and statistics, but we’ll discuss that later.
Why Avoid Single-Outcome Bets in Football?
Avoid placing single-outcome bets in football matches.
For example, take a South African Premier Division match between Kaizer Chiefs and Orlando Pirates. Betting on a single outcome would mean betting on Kaizer Chiefs to win.
Mathematically, there are three possible outcomes:
- Kaizer Chiefs wins.
- Orlando Pirates wins.
- Draw between Kaizer Chiefs and Orlando Pirates.
In this case, you have only one chance to win and two chances to lose. If you want to play single outcomes, consider tennis or strong football teams like Mamelodi Sundowns, which tend to have a more predictable winning record.
How to Manage Your Stakes ?
Imagine you’ve set aside R120 for sports betting. Most players might place bets of R10, R20, or even R50. This approach leads to failure; a single bad streak can wipe out your bankroll.
Typically, my bets are on odds of 2.00, meaning the risk of loss is higher than for an odd of 1.20. Good bankroll management is essential to survive a rough streak. Here’s my approach with a R120 bankroll:
Break down the R120 into 6 stages of increasing bets that allow you to profit once a bet wins.
Using a R120 bankroll, the six stages would be R1 / R3 / R7 / R15 / R31 / R63.
To be clear, if you lose six consecutive bets, you lose your entire R120. The goal is to cover previous losses with each successive bet while adding a bit extra to ensure a profit.
Example:
- Bet 1: Loss – R10 on odds of 2.00 = R0 gained, -R10 net.
- Bet 2: Loss – R30 on odds of 2.00 = R0 gained, -R40 net.
- Bet 3: Win – R70 on odds of 2.00 = R140 gained, net profit of R30.
Even if you lose twice in a row, the first winning bet covers prior losses, allowing you to start again at the first stage.
Mathematically, playing on odds of 2.00 gives a 40% chance of winning. There’s a 4.66% probability of losing six bets in a row, which occurs about once in every 22 series.
This strategy helps survive a few bad bets!
Important Note:
There’s still a 4.66% chance of losing, so remember that zero risk doesn’t exist. Bet only what you’re prepared to lose. If you lose all six stages, DO NOT increase your bets; stop to avoid financial trouble.
Combined with knowledge of different sports and analysis of teams’ and players’ stats, this strategy can help you become a skilled bettor.
How to Increase Your Bankroll ?
It’s simple: reinvest your profits into your bankroll every time it grows by 10%.
Example: Starting bankroll of R500.
- When you reach R550, increase your bets by 10%, betting R11 instead of R10.
- When you reach R605, increase bets to R12.10, and so on.
Take Advantage of Bookmaker Bonuses!
Today, bookmakers offer attractive bonuses to encourage you to bet with them, so why not take advantage?
Find reviews of the best sports betting sites.
The best current bonus is from Stake, offering a 200% deposit bonus up to R3,000!
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Sign up with Stake now and claim your bonus to maximize your winning potential!
The 6 Fundamentals in Sports Betting
In recent years, online sports betting has become an easy opportunity to make money. Based on predictions, this type of betting appeals to the masses. However, the main challenge is that it’s quite difficult to consistently make accurate predictions and achieve long-term success. To address this issue, The FXI Team offers five effective strategies that will help you win your sports bets more regularly.
Choose a Good Money Management Strategy
Betting is essentially about predicting outcomes. However, without a solid strategy, you won’t be profitable. This is why bettors are often advised to adopt a good money management strategy to achieve consistent wins. One reliable method is the “SureBet” approach. This involves placing your bet using the formula: 100×(1/odds).
If the profitability is greater than 0, place your bet according to the formula 1 / ((1/Odds A) + (1/Odds B) + (1/Odds C)). While it carries some risks, this method still guarantees profits regardless of the match outcome. If this approach doesn’t suit you, a simpler guideline is to never exceed a 2.5% bet of your bankroll. By adhering to this rule, you’ll feel much more secure with your wagers.
Keep a Record of Your Predictions
Using strategies can increase your chances of winning at sports betting. However, bettors often combine various methods, making it difficult to pinpoint which strategy led to a win. To address this, the best approach is to keep a record of all your predictions.
By doing so, you can review and analyze your past bets to make more informed predictions in the future. For record-keeping, you can use free tools like Bet Analytix. This type of platform provides reliable data on your betting profile (ROI, success rate, strengths, weaknesses, average odds, etc.).
Bet on Sports You Know Well
For better chances of success in your predictions, one of the best tips is to bet on sports you know well. This way, the likelihood of missing your predictions is lower. When you bet on sports you’re familiar with, you can analyze matches better and identify the favorite teams. With this knowledge, you’ll have a more accurate sense of which outcome is likely, allowing you to place larger bets and potentially earn substantial profits.
Bet Responsibly and With Caution
To maximize your chances of winning and minimize potential losses, The FXI Team advises avoiding impulsive bets, especially after a losing streak.
Be Cautious with Combination and System Bets
While combination and system bets may seem appealing due to their high odds, they carry significant risks compared to single bets.
The more events you include in your bet, the more complex it becomes, and therefore the higher the likelihood that one event will cause your bet to fail, leading to a total loss.
Step Back After a Loss
When you lose a bet, it’s easy to become discouraged and less clear-headed, increasing the likelihood of losing again.
In this case, the best approach is to take a break for a few days. Stepping back allows you to regain clarity and return with a better mindset and greater chances of success. Winning in sports betting often requires a clear head!
With these tips and insights from The FXI Team, winning big on sports bets is no longer impossible!
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