Lots of systems have grown out of this desire to get an edge. All of them have different levels of risk and potential return. The least "risky" technique I have come across is matched betting. In theory this is risk free. You sign up to a bookie offering a free bet sign up bonus, place a couple of bets and take your money. The downside to this is that it is limited by the amount of sign up offers obtainable. It is feasible to make £100s or even £1000s in case you look around for offers though so I would definitely put this at the top of the betting strategy list because of its low risk.
There are lots of strategies that can be used when sports betting. The most basic strategy is of work to pick a horse and back it to win - or a tennis player or a footy team or a snooker player... you get the idea. However in case you pick this technique you are most unlikely to profit in the long term. The odds are definitely in favour of the bookie being the winner. So what you need is an edge, something to swing the odds in your favour.
The "arbs" are usually for a small percentage of your stake, perhaps 3%-5%, so a giant bank is necessary to make a reasonable profit. Here lies a feasible downside to this technique. In case you start betting in giant numbers time after time the bookies will notice you. They don't like "arbers" in general because the odds are against them now. In the event that they think that you are taking advantage of this "loophole" they will either close your account or else severely limit the amount you can bet on an event. If this happens often then you will find it impossible to get your bets placed.
Another potentially risk free technique is called "arbing". This involves finding discrepancies between the advertised odds at different online bookies. This involves placing bets to cover any feasible outcome of an event and still being able to make a profit no matter what the result. Lots of people use this technique and some do well out of it.
In follow up articles I will go in to a small more depth about "arbing" and also discuss other betting strategies that can be used to give you an edge in the net sports betting game. Always keep in mind that no matter how risk free something seems there is always a chance something could go wrong so never risk over you can afford to lose.
Having said that "arbing" can be a great way to guarantee a profit if everything goes your way. But it is nice to be aware of the risks involved. Another potential risk to look out for is in case you find an "arb" and place a bet with bookie by the time you get to place the next bet the cost could have changed at the other bookie or bookies. So you could go from having a guaranteed win to having a guaranteed loss - all be it most likely a small.
There are lots of strategies that can be used when sports betting. The most basic strategy is of work to pick a horse and back it to win - or a tennis player or a footy team or a snooker player... you get the idea. However in case you pick this technique you are most unlikely to profit in the long term. The odds are definitely in favour of the bookie being the winner. So what you need is an edge, something to swing the odds in your favour.
The "arbs" are usually for a small percentage of your stake, perhaps 3%-5%, so a giant bank is necessary to make a reasonable profit. Here lies a feasible downside to this technique. In case you start betting in giant numbers time after time the bookies will notice you. They don't like "arbers" in general because the odds are against them now. In the event that they think that you are taking advantage of this "loophole" they will either close your account or else severely limit the amount you can bet on an event. If this happens often then you will find it impossible to get your bets placed.
Another potentially risk free technique is called "arbing". This involves finding discrepancies between the advertised odds at different online bookies. This involves placing bets to cover any feasible outcome of an event and still being able to make a profit no matter what the result. Lots of people use this technique and some do well out of it.
In follow up articles I will go in to a small more depth about "arbing" and also discuss other betting strategies that can be used to give you an edge in the net sports betting game. Always keep in mind that no matter how risk free something seems there is always a chance something could go wrong so never risk over you can afford to lose.
Having said that "arbing" can be a great way to guarantee a profit if everything goes your way. But it is nice to be aware of the risks involved. Another potential risk to look out for is in case you find an "arb" and place a bet with bookie by the time you get to place the next bet the cost could have changed at the other bookie or bookies. So you could go from having a guaranteed win to having a guaranteed loss - all be it most likely a small.
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