Financial start-ups in sports betting are suitable for beginners and experienced bettors alike. Let’s take a closer look at some of the most successful ones!
One of the most frequently used methods that can be called a win-win. The goal is to make the bank bigger, while keeping it at least flat. The fundamentals of the flat method are caution and methodicality. For the amount of one bet a certain percentage of the initial bankroll is chosen (from 1% to 5%). Then each bet is equal to this amount. Flat betting can be:
- statistical – the most reliable option, with which it is difficult to lose the bankroll (always betting 1%);
- Academic – betting size depends on the evaluation of events and the probability of the outcome (from 1% to 3%);
- Aggressive – suitable only for experienced bettors, who know how to judge the matches competently (5%);
- Chaotic, for inexperienced or risky bettors, who bet without a fixed plan, including making long term bets (5%, it cannot be considered a win-win situation).
Statistical and academic flat limits the bettor, preventing him from wagering large sums. This insures against quick significant losses of money. But the strategy requires a large bankroll, and the rate at which it increases can be described as turtle-like. Flat betting motto – ride slowly, farther you will.
A fixed percentage of the pot
It differs from flat betting in that the percentage is calculated before each betting on the balance of the bankroll. For example if you take 5% then the following bet will be calculated based on the size of the bankroll which changes. Let us look at an example. A bankroll of $1000. The fixed percentage is 5%.
We make bets, we calculate the size of the pot:
- $50 x 1.7 – winnings +$35 ($1,000+$35=$1,035);
- 51.75$ x 1.8 – winnings +$41.4 ($1,035+$41.4=$1076.4);
- 53.82$ x 1.95 – loss -53.82$ (1076.4$-53.82$=1022.58$);
- 51.12$ x 1.5 – winnings +$25.56 ($1,022.58+$25.56=$1048.14);
- 52.4$ x 1.75 – winning +39.3$ (1048.14$++39.3$=1087.44$)
This approach is recommended for beginners due to its simplicity and maximum insurance against losing your bankroll. A fixed percentage prevents it from rapidly decreasing. And if you want to bet on sports via your mobile phone, read the review of one of the best apps https://bookmaker-ratings.com/app-reviews/vbet-app/
Here, the main criterion is the size of the profit. The rest is adjusted for it. For example, let us take 25$ which we want to win after any bet. We find a suitable outcome and calculate how much should be bet to get the specified amount. So, with odds 1.77 we would need $32.5 ($25 / 0.77 = $32.5). The advantage of “fixed profit” is the ability to reduce risk at high odds. That is, outcomes with higher probability require more money, those with lower probability require less. This methodology, during a long game, shows itself better than the flat. But because of the need to calculate the bet size every time it is rarely used. It deserves the attention of beginners.
Another name for it is the overtake. A popular roulette strategy that can be applied in betting. Martingale has a rational grain, based on mathematics. But it is also not devoid of disadvantages. The principle of the algorithm: each successive bet amount is doubled if the previous one lost. This allows you to get back what you lost by going into the black. But to be successful, you need to take odds from 2, otherwise the bank will not be restored. Let’s look at an example.
We make bets on 5$:
- $5 – loss;
- 10$ – loss;
- 20$ – loss;
- $40 – win ($40 x 2 = $80).
- 80$ – 75$ = 5$. At the end of this series we have a $5 profit.
The advantage of catch-up is that you can win back the money you lost by gaining a small profit. Theoretically, it is a win-win strategy for betting on sports, which can give a steady increase in the bankroll.
But Martingale has critical shortcomings
- you have to have a solid bankroll for a long losing streak;
- It is not always possible to implement due to bookmakers, who are quick to notice the signs of overtaking, so they cut the limits.
Given the disadvantages of Martingale, it is better not to use it. Firstly, you could lose all your money quickly, without “catching up”. Secondly, the bookmaker will limit the maximum bet, which, again, will lead to losses. In addition to catch-up, there are other strategies with an increase in the denomination of subsequent bets: Danish, Kelly Criterion, D’Alamber.