A guide to level up your sports betting game and start raking in consistent profits while wagering on your favorite US sports and teams.

As more US states regulate and legalize sports betting, a small percentage of bettors have figured out strategies to help them consistently bet and win on their favorite sporting events and teams. Are you a sports fan yourself? You could bet on sports just by intuition and knowledge, but that is seldom enough to get you on winning ways.

Both online and land-based sportsbooks are designed to have the mathematical edge over the player, albeit slightly. Therefore, over time, you will eventually lose money and the house will win. However, with the use of some proven mathematical strategies, some good understanding of the sport you are betting on and a sprinkle of luck, you could start making supplementary income just by betting on sports.

An Intro to Basic Sports Betting Strategies that are Tried and Tested 

Today, we’re going to introduce to some foundational sports betting strategies that you can run with and make your own. Use these basics to develop your own strategies and become a pro at sports betting.

But before you get down to strategizing on how to place a wager, first thing’s first! You need to familiarize yourself with the laws on sports betting in your state. We recommend checking out this exhaustive guide published by sports enthusiasts from NoDepositWorld. Once you’ve gone through it, you’ll get the general idea of legalities across the different US states and will be better equipped prior to placing that much-anticipated wager.

Hedging your Bets

In sports betting, there are occasions where a sports bettor might place a wager that is contrary to their first wager. Making a wager in opposition to your initial wager may seem strange at first, but as you’ll see, when done correctly, it may ensure a profit for you.

Hedging often pertains to massive parlays or futures bets when the odds on your wager shift considerably in your favor as the season goes on but you still have one or more bets to play.

In all of these scenarios, you have the option of betting against your initial wager and locking in a profit regardless of the result. By hedging, you might give up a higher possible reward in favor of lower risk and a profit that is assured. You may experiment with how much risk and return you wish to take on by changing the size of your hedge bet.

Arbitrage Betting

Finding anomalies in the betting market is the key to profiting from arbitrage betting. When bookmakers offer odds to certain sports bet markets, they are usually accurate in estimation, but sometimes are off the mark. Because there is a human factor that is always present and never perfect when odds are established, there is an organic difference between the odds offered by different sportsbooks.

Profiting from differing odds on the same event at two or more different sportsbooks is known as arbitrage betting. When you are able to accurately spot differences in odds between sportsbooks, you may place bets on every outcome of a game that will always result in a win for you mathematically.

Opportunities for arbitrage betting can be found in three main circumstances:

  • When odds-makers have differing predictions about how likely an occurrence is to be.
  • When various bookmakers err in assigning odds to outcomes by assigning wrong odds.
  • When bookmakers modify the odds to encourage equal betting on both outcomes.

Using Data and Algorithms to Predict Outcomes Accurately

The use of data and trend analysis software is one of the most crucial strategies employed by both shrewd bettors and odds-makers. Nowadays, there are several internet choices that provide similar services for no cost or at a moderate cost. It takes some effort to understand how to utilize them at first, but once you do, these tools may completely transform your betting accuracy.

You may investigate your own trend ideas and perhaps discover advantages that have evaded sportsbooks and other bettors by learning how the most popular trends are calculated and applied.

Handicapping Strategy

Handicapping is an additional effective method for profiting from sports betting. Simply put, handicapping refers to attempting to forecast a game’s result. Consider a game between the LA Lakers and the Boston Celtics as an illustration. The two teams’ histories, recent performances, picking the long-term victor, and the weather conditions may all be used to attempt and handicap the game. You could make a victory prediction for the Lakers based on this information. Get it right and get paid!

Backing the Underdog 

One of the most well-known and tried tactics for sports betting is certainly this one. It is basically a strategy where you go against the grain. The fundamental idea is to wager against the team that most bettors are supporting. They are overpriced in the betting market because they have such broad support.

Sportsbooks aim to have equal amounts of wagers on both teams. In order to avoid losing money, they should place equal bets on both teams. Since it is actually fairly challenging, they shift lines to balance the money. Casual bettors now have a higher chance of winning, but it also benefits knowledgeable bettors who choose to wager against them. If the underdog does win, the rewards are going to certainly be worth it!

There’s SO Much More to Learn… 

All of these are just a few strategies and we’ve barely scratched the surface. But, they still serve well to give you an idea of how sports betting is not all about luck and there are ways to make money in a calculative way.

Continue practicing and work out which strategies work best for you. It’s all about the fun!