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18 Oct 2019

Betting Strategies and Tips to Increase Your Profit

Most of the bettors are complaining that their bets are winning most of the time but their balance is always in minus. There might be several reasons why this happens. First of all, you might not be opting for value bets. Secondly, you might not be careful about the odds at all. Thirdly, you must be randomly picking your stakes. In this article, we will provide you with a few tips that will help you to increase your profit and yield in just a month. Of course, in order for these tips to work smoothly, you will need a betting software to place your bets. We advise you to register for the best betting software and have the chance to reach the best odds.

What is value betting?

Value betting is the first and foremost element of all the betting advises we will share with you. First of all, most of the newbies assume that value betting means backing the underdog. On the contrary, value betting is simply betting against bookmakers’ predictions. To make it clear, experienced bettors sometimes believe that although bookmakers have great knowledge about any team in any sport around the world, they do not set the odds wisely all the time. It is true that from time to time bookmakers only consider teams’ latest performances and their places in the league table. In reality, there might be other factors to take into account and when you find these factors, you most probably catch a value bet. 

Betting strategies

In this section, we will talk about two of the most popular betting strategies. One of them is the famous Martingale. Most of the experienced bettors may have already heard of this strategy. I do not favor this one. Let me explain to you the reason. In the Martingale system, bettors double their stakes whenever they lose until they hit the jackpot. For example, you start your journey with only 10 EUR. You lose your first bet and for the second bet, you place 20 EUR. And you lose again. Now you will place 40 EUR. It goes on and on like this until you win. It might seem to be working in the first place but this strategy is a one-way ticket to bankruptcy. Unless you know when to quit, I do not suggest the Martingale betting system.

The second betting strategy that we will point out is the Kelly Criterion. Unlike the first one, the Kelly Criterion is much more efficient in my opinion. This system basically tells you the optimal amount to bet on considering that you have found a value bet. There are two types of the Kelly Criterion. The first one is full, where the risk you take is much higher. The second one is fractional, where you will place only a fraction of the suggested amount by the Kelly Criterion. How does it work? You should just put the correct numbers in this formula: f* = bp-q/b = p (b+1) – 1/b. Of course, it seems a little bit complicated compared to the Martingale betting system. However, the Kelly Criterion is actually useful when it is practiced with value betting.

Conclusion

In a nutshell, although there are several betting strategies you can find on the internet, none of them guarantees a winning bet. It is you who will find the value bets. Betting on the right odds with the right stake will ensure a cumulative profit in the long run. Of course, you might still want the help of professional tipsters. By betting on the best free predictions via betting agent on the best betting platform, it is highly likely that you will be amongst the winners in a few months.

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