Different Strategies for Different Sports?
Betting is an extremely versatile pastime. Not only are you able to enjoy your favorite sports, you can earn some extra dollars along the way! One might argue that this kind of gambling is rather risky and heavy on the wallet. That might be true to some extent, but you can minimize the odds of failure. If you know how to bet correspondingly, your chances to place a successful bet will rise accordingly. Are there differences in the way we should bet for different sports?
Choose the right Bookie
Before you start to place your bets, you need to find a professional bookmaker. Reliable websites, such as onlinesportsbettingsites.co.uk, offer a sports betting sites guide next to a broad variety of trustworthy betting platforms. Your vendor of choice should meet the following criteria:
- Safe and secure bets
- Honors all placed wagers
- Quick pay-out delivery
- Responsive customer service
- Learn about the different kinds of wagers
To work out whether it makes sense to use different betting strategies, one first has to look at a number of frequently chosen wagers. The most common practices for any sport bet include:
Win Bet / Moneyline Wager
- Pick who is going to win a match/event
- Favorite (high odds, low income) vs Underdog (low odds, high income)
- Win-draw-win market = you can bet for a draw for the event that can end in ties (e.g. soccer)
Point Spread / Straight Bet
- Commonly used for football and basketball
- Bet on who is going to cover the spread created by the bookmaker
- Favorite wins with more than X points / Underdog loses with less than X points
- Run Line/Puck Line: Follows the same principle, with Baseball and Hockey respectively. Spread is always set at 1.5 points.
- Similarly to point spread, add/ subtract goals for betting purposes
- You either bet with a +X-goal handicap = higher odds, lower income
- Or a –X-goal handicap = lower odds, higher income
The bookmaker offers a bet for the total number of points scored in a game.
- You either wager for a higher outcome => backing the Over
- Or a lower outcome => backing the Under
Totals are frequently used for football games; the odds depend on the sport and teams. Bookmakers usually offer more betting options for Totals in soccer games, some providers also offer to place bets on the goals scored by an individual team.
A Grand Salamiis used for baseball and hockey betting and is similar to a Total, with the exception that wagers are placed for every game played on a given day.
Accumulator / Parlay
Combine several of your bets into a single wager. Every wager has to be correct, as the parlay won’t yield you money if even one bet was false. Even though the odds are extremely low, the potential income is correspondingly high.
Wager for a team before the end of regular season or payoffs to win the event. The more likely they are to do so, the less do they yield. This in return means that the less likely they are to win, the more money you can earn by betting on them.
Pick the right sport to bet on
This selection of betting strategies can be applied to many different sports. But it’s way more important to find the right sport rather than a unique strategy. You should not opt for the most popular one, but rather one you are familiar with. Instead of spreading yourself too thin by trying to bet on multiple sports, you should narrow down your focus on the ones you know most about. Extended knowledge on your sport of choice allows you to make better educated bets. Once you get a feeling for betting, you can start to research other fields such as horse- or car-racing to further increase your potential profit.