Once you have become used to the usual tips and strategies related to sports betting and have applied them in a successful manner, you will now be looking for some more advanced techniques that can be added to your skill set and knowledge base.
This will allow you to continue to improve when it comes to sports betting, as well as maximising the potential for maximising the amount of profits you make.
There are so many different schools of thought when it comes to sports betting that no one is better than another. They all have their own strengths and weaknesses, but by knowing which strategies to use in the right situations, you will be doing very well for yourself.
This article will look at some strategies and tips that you can implement when you are slightly more advanced and experienced than the basic sports bettor. You will need to have the foundation of sports betting to make the most of these tips, so if you have not done so already, you should acquaint yourself with those fundamentals.
Without further ado, here are some of those useful tips and tricks.
Don’t forget about in-play betting
When it comes to sports betting, most people will focus completely on pre event betting. This can be a lucrative strategy for a lot of people, but if you really want to be a complete a sports bettor, you will need to add the skillset of betting in-play to your armoury.
By betting in-play, you have the ability to adapt to the conditions that have occurred during the event up to a certain point. This allows you to gauge how the participant or participants are performing and how they look on finishing when it comes to the culmination of the event.
There is often a lot of value to be had if you notice something that others don’t and you can predict what is coming next based on what has happened so far up to that point in the event.
This is when you are watching an event live. Those who have the experience and expertise to know when the tides are about to turn in the favour of the underdog is when you need to strike and hit the bookmakers where it hurts.
If you have the skillset, you will open yourself up to having a huge advantage over all of the other bettors who simply place bets pre-event without having any notion of how the performance of the participants will go.
Analyse your records
It is vital that you are keeping records of all of your sports betting transactions. This has been made much easier these days thanks to the online sports betting platforms which will allow you to quickly and easily search for your results in a specific time period and allow you to filter between all different types of bets, from the sport to the amount wagered.
In the past, you would have to keep hand written records of your bets if you wished to be comprehensive and do this study and research and evaluation.
By having the ability to look back at your historical betting record, you can identify the patterns that are repeating themselves again and again. You can learn from the mistakes you are making, as well as learn from what you are doing right.
By discarding those errors and weaknesses and doubling down on your strengths, you stand to greatly increase the potential for massive profits from your sports betting efforts.
You should break down each sport that you place bets on to see which ones you are performing the best at. In each individual sport, you should break down the bets in terms of what leagues, competitions etc. you are doing the best in, as well as the type of markets you are having the most joy with.
For example, if you bet a lot on football, you will look to see which leagues you make the most profit on and which markets you do the best in. You could find that it is the English League 1 games that you do the best in when placing both teams to score bets.
This is an easy way in which you substantially increase your success rates from your sports betting efforts.
Make sure that you are betting for value
When it comes to sports betting, one of the words that you will hear thrown about a lot will be the term value. This is a term that most sport bettors will use, but most of which will not understand what the word actually means when related to the world of sports betting.
A bet that is good value does not only relate to the size of the odds, but also with regards to the size of the odds relative to the probability of the bet being successful.
If a normal sports bettor sees a favourite is at a short price, they presume that it will not be good value. This is not always true, as the odds could be greater than the probability is of the horse of winning. This means that it may in fact be good value.
On the other end of the spectrum, people will usually think that a longer price will be good value as the odds are decent, but this is also not always the case. Even if a selection has high odds, they still may not be large enough when related to the probability of the selection actually winning the event.
This is why it is important that you consider the value of any bet that you are going to make. This will make you more disciplined in the long run and ensure that you are truly getting your value for money when it comes to sports betting.
Some sports bettors will base their entire staking and betting strategies on how much value they are looking for before they place a bet, disregarding other factors that average sports bettors will largely base their decisions on.