Everyone knows in their heart of hearts that there is no way you can consistently come out on top when gambling. It doesn’t matter what form that gambling takes. It might be something as “innocent” as playing bingo.
It might be having a regular flutter of the gee-gees, or it could be just placing a wager on certain big sporting events like the Grand National, the outcome of the FA Cup final, the Oxford Cambridge boat race, or the winner of the men’s and women’s finals at Wimbledon.
Nonetheless gambling is one of the nations favourite hobbies and sports betting has become more and more popular, partly because of the increased coverage there is of sports today; partly because of the emergence of more online gambling sites, and partly because of social media and the fact that more people today have larger slices of disposable income.
The rising popularity of football betting
One of the biggest niches in the gaming industry today is football. The success of the UK’s Premier League in terms of its world standing plays a big part in advertising the game to all and sundry. Fans, in particular, are keen to put wagers on their favourite teams and make other bets using their knowledge of the game as a whole.
Of course, as we said at the beginning of this article, you cannot guarantee gambling success, but there are several ways you can try and turn the odds in your favour by keeping your risk as low as possible while at the same time getting the maximum value out of your gambling hobby.
When it comes to football betting strategies, in particular, these two points are key.
There are a number of strategies that have been developed to (a) increase your chances of winning when betting on football, and (b) make your stake money go further. Different people have different preferences, so it’s very much a case of personal choice when it comes to picking a strategy that suits you best.
Strategy number 1 – Back and Lay
When utilising this strategy, you must use a betting exchange (not a traditional bookmaker) similar to that of Betfair.
A betting exchange acts as the “middleman” regarding matching bets with opposing outlooks. You don’t need to know who makes the opposing bet. Individual opposing bets don’t have to match. You can back say Spurs to win £1,000, but an opposing individual bet on a betting exchange might only be £20. It’s only when the sum of the bets match (now we are talking about multiple bets) that a deal is struck. This is how betting exchanges work.
Strategy number 2 – Value betting
This particular strategy targets minimising your risk while seeking best value. When it works properly, it guarantees to make a profit. It’s all about looking out for bets where you believe the odds that have been assigned are longer than they should be.
To be good at making Value Bets you must appreciate the difference between a specific team’s chances of winning, taking into consideration the odds that are available. Success with value betting means being able to find value bets at will, together with having a staking strategy that takes best advantage of the value you have spotted. It’s all about trusting your own judgment.
Strategy number 3 – In-play betting
In-play betting has become much more popular in recent years. It’s partly because many innovative online gaming sites have made the option part of their offer in order to attract more customers, and partly due to the fact that betting on-the-hoof using the new betting Apps now available means you can place bets and amend them via your mobile device.
In-play betting, or live betting as it is sometimes referred to, is all about being able to bet on events as they play out. This new betting philosophy has extended the categories that you can place wagers on. For example, you can place a bet on the player next likely to be given a yellow card. It’s a very dynamic way of gambling; one which many people get a lot of fun from, and make money at the same time.
Several other strategies can be adopted to make your stake money go further and to maximise your winnings. These include the Kelly Criterion and the Martingale System.
Most people who are into gambling learn to take a measured approach to ensure they practice responsible gambling, and, having done their research properly, they then adopt a number of strategies to suit their needs.