When it comes to sports betting, you can of course bet on feeling, i.e. relying on your inner conviction, or bet on the favourite to be sure of winning small amounts often.
The method consists of betting on all the outcomes of a match. It may seem complicated at first, but rest assured, it is used by people who are not all mathematicians! To begin with, you need to be registered on several online betting sites.
For a given match, compare the odds given by each bookmaker. Take the highest odds given to players A and B and apply the following formula:
- (1: odds A) + (1: odds B)
If the result of this formula is less than 1, then you have a sure bet!
Let’s take an example:
- A tennis match between A and B.
- On one site, A has an odds of 1.4 and on another, B has an odds of 4.
- Let’s apply the formula: (1: 1.4) + (1: 4) = 0.71 + 0.25 = 0.96 or less than 1, we have a sure bet!
Now, here’s how much you need to bet to win for sure:
- 71 € on player A (0.71 x 100).
- 25 € on player B (0,25 X 100).
If A wins, you win 71 x 1.4 = 99.4
If B wins, you win 25 x 4 = 100
So you win every time!
The value bet
To find a value bet, you have to compare the odds given to a player by the bookmaker with the actual probability of winning.
For example, in a boxing match, the odds attributed to the favourite is 1.8 and the odds attributed to the outsider is 6, so you can see that the favourite has an 80% chance of winning. The following calculation must be made: 1: 80% = 1.25. The odds should therefore be 1.25 instead of 1.8. The odds are too high and it is in your best interest to bet on the favourite.
Of course, to find such value bets, you have to be a connoisseur of the sport in question!
Manage your playing capital well
When you open an account on an online betting site, you credit a certain amount of money to your account for betting purposes. In order not to lose your gambling capital quickly, it is advisable never to play more than 5% of this amount on each bet. Having said that, you can choose to:
- always bet the same amount
This method requires the ability to control one’s enthusiasm. Indeed, to avoid betting a large sum when you are sure of your shot, you will need a lot of self-control, but this will avoid a possible crash of your budget.
- betting with the proportional method
The aim here is to bet a sum proportional to the risk represented by the bet. You can determine in advance a grid on which you will base your bet. For example, on a bet with an odds of 2, you will bet no more than €8, on an odds of 4, you will bet no more than €4, and so on. The lower the odds, the higher the amount you can bet.