We all love to have a flutter on a big game from time to time. The extra adrenalin of having money on a match can heighten the senses yet further and help you retain interest in a less than interesting 90 minutes.
Most of us simply go with our instincts and impulses in terms of our betting but there are more methodical ways of doing it if you want to take a more serious interest. That’s where betting strategies come in to play.
One way of betting which is very popular and could loosely be termed a ‘strategy’ is accumulator betting. The accumulator is where you spread one bet across multiple matches which lengthens the odds of a win but gives you the chance to win much more money than you would with a simple bet. The odds of each outcome are multiplied by each other to give some potentially astronomical results.
There is also ‘lay’ betting. A normal bet is where you bet on an outcome but a lay bet is where you bet AGAINST a specific outcome. This increases the outcomes through which you can win money.
The double bet is similar to the lay bet in that you can double your chances of winning by betting for example on not just a win for a team but and win and a draw.
There are so many other types of bets which are more specific and strategic such as betting on scores at half time, betting on specific scores and cashing in your bet before the end of a match. All of these strategies can improve your potential gains or your chances of winning.
These are all pretty simple betting strategies for beginners. But there are also more sophisticated techniques which are exploited by more serious gamblers.
The Fibonacci technique for soccer betting is one of the more interesting techniques.
It is based on the Fibonacci sequence which starts with 1, 1, 2, 3, 5, 8, 13, 21 and continues upwards.
The idea of the strategy is to bet on draws. The bets have to be on games with odds more than 2.62 and when you lose a bet you have to keep going until you win. The theory suggests that as long as you continually increase your stake then you will ultimately turn a profit.
Another such professional strategy is the Kelly criterion. The formula for this theory is (bp-q)/b where B equals the decimal odds -1, P is the probability of success and Q is the probability of failure.
The Kelly technique is said to be superior to the Fibonacci as the risk of losses is lower.
There are of course many factors to consider even for those who don’t want to gamble seriously but instead have a light flutter from time to time.
One piece of advice which many would give would be not to bet on your own team. Watching your team win and making money from it is obviously a nice feeling but the theory suggests that when you bet on your own team you are doing so with your heart rather than your head. Your judgement can be clouded by your loyalties and so betting on teams with which you have no affiliation can be wiser.
It’s also important to do your homework if you want to increase your chances of a win. Check out the injuries, suspensions and form of your teams before you place your bet if you want to improve your chances of winning.
It’s a vast world of fun, excitement and potential loss and risk so it’s always important to bet responsibly and never gamble what you can’t afford to lose.
Too many people lose money that they can’t afford to be without so soccer betting should be viewed as a luxury past time rather than a serious revenue stream until you are an experienced gambler.