People who bet online frequently question whether or not they are making the proper decision by entrusting their money to betting companies. Furthermore, some of these betting operators have dubious identities, so, unsurprisingly, they can earn a poor reputation. So, what steps can you take to safeguard yourself and guarantee that you receive the greatest odds from your betting operator?
You must be willing to take on the casino and utilize your skills to win money if you want to make it as a professional gambler. Expert gamblers, however, can take these methods to the next level by discovering ways to outsmart casinos.
With a guide from Outplayed, here are some strategies for beating bookmakers. Read on!
Discover Your Niche
Focusing solely on wagering on the most high-profile sports and events is tempting, but the most successful gamblers typically specialize in a different area.
Even though Manchester City is your favorite team, you could find more success in the betting market by looking at other leagues across the world.
The bookies will offer you 30+ sports and hundreds of markets to choose from to confuse you. But you may make your mark wherever you choose to do so.
Determine Its Worth
It’s not as simple as just picking winners, as silly as that may sound if you’re trying to make money gambling. It would be easy to profit from gambling if every bet you placed paid off—however, no one bets on sure things.
All professional gamblers are well-versed in the concept of “value,” which refers to betting solely on selections with a greater possibility of winning than their odds suggest.
The size of the odds is irrelevant so long as they are larger than you anticipate. If you believe a football team should be even money, but they are only 5/4 (2.25), you are getting a value price. The same holds if you are offered 33/1 odds on a horse when you believe the correct odds to be 25/1.
The problem with value, of course, is that it’s impossible to quantify it precisely. The bookie’s view is worth nothing compared to your own. Those who bet consistently and locate value in a narrow betting market are the ones who come out ahead.
Gamble Like a Pro
When you’ve reached the point where you can consistently discover value-priced wins in your chosen betting niche, it’s time to figure out your staking plan and a good amount to bet.
The Kelly criterion and the Martingale are only two examples of named staking strategies you might use. The majority of pros, however, use a points-based staking system that lets them increase their wagers when they feel they are receiving favorable odds.
For instance, you might want to wager £25 per point, with a minimum stake of 1 point for the lowest value bets and a maximum investment of 5 points for the best value bets.
With a 1–5 point betting range, a 150–200 point betting bank is suggested. If you’re betting at £25 per point, you should have somewhere between £3,750 and $5,000 in your betting bank to get things rolling.
If you aren’t sure you can pick enough underdogs to turn a profit, you don’t have to bet £25 per point right now.
Being a professional gambler and seeing your betting bank increase is a thrill.
With a starting bankroll of £1,000, you might wager £5 per point. When your bankroll reaches £2,000, you might bet £10 per point.
Place Bets Online
You may have heard stories about infamous professional gamblers who showed up at race meetings with a carrier bag containing £50,000 and dumped it all on a horse. Still, this isn’t how most professional gamblers place their wagers. Professional gamblers typically place their wagers online, with access to more betting options and generous bonuses and promotions.
Finding the best value in betting requires access to the best odds from multiple bookies. Place your bets on horse racing and greyhound racing with online bookies that give the greatest odds guaranteed concession, and you’ll receive even better odds.
A plethora of free bets and other welcome bonuses are available at various online bookies since they all want your business. You may use these to place bets on value picks without risking any of your own money, making them ideal for novice gamblers.
The ability to choose from various online bookmakers gives you more flexibility in allocating your betting funds. If you’re a good punter, you can stay under the bookies’ radars longer if you spread your bets out among multiple bookmakers rather than making one large wager with one bookmaker.
As an alternative to placing a single wager of £100 with a single bookmaker, you can choose to place four bets of £25 with four different bookmakers. Some bookmakers are controlled by the same corporations and share information, so if you choose a staking strategy that incorporates multiple bookmakers, you can reduce the likelihood of the bookmakers seeing your betting tendencies.
Pay Attention to Tipsters
If you’re not confident in your ability to beat the bookies on your own, you can join the thousands of punters who have found success by emulating the strategies of experienced tipsters.
Of course, you’ll have to shell out cash every month if you want to follow the advice of any reliable tipster, but think of it as the cost of buying the equipment you’ll need to complete any given task. Staking strategies and betting funds are also discussed in most tipping services.
Build Your Gambling Portfolio
When looking for a betting tipster, many bettors narrow their options to those who focus on the sport they are most invested in, horse racing or football. However, many punters who succeed with professional tipsters have a habit of constructing a portfolio of tipsters to follow.
Many people’s investment portfolios now include sports like tennis, golf, ice hockey, and basketball that they would never have considered betting on before.
The nice thing about tipsters, though, is that you don’t have to know anything about the sports you’re betting on to earn from following their advice.
It’s simple to start a new betting bank after using the profits from one tipster to pay for another. If you use this procedure repeatedly, you will soon have a roster of expert insiders.
We hope you are better equipped to beat the bookmaker, whether you bet on your judgment or rely on the advice of a professional betting tipster. Enjoy your punting!
