Is there a best betting strategy
The answer to this question is not straightforward. If you think that there is a universal betting strategy that works for everyone and it is possible for everyone to make profit from it – you are very wrong. The goal is another. You have to find out which is the best betting strategy for you. Which style of bet suits you best and is best suited to your character especially because bets have a high dose of psychology, as in the games themselves.
What betting systems are most commonly used
Here are some of the most popular and tried and tested betting strategies:
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Martingale Strategy
In Betinum we have Martingale predictions.
How the Martingale Betting System Works
The Martingale strategy was devised a long time ago and was mostly related to casinos, as it was most used there because of the 50:50 odds. It is now widely used throughout the sports betting world. It is very simple. You always put the same amount of a minimum odd of 2.00 when it is won, and when it is lost, it doubles to the point where it wins again at a minimum of 2.00 odd to go back to the beginning and start with the original sum again.
Do you sound incomprehensible? Let’s give you an example. Every day you place a particular sum from a specific match of at least 2.00 odds. Let’s say you decided to place 30$ each day. If you win the first day, you collect the profit and the next day you bet 30$ again. If you win again, repeat the exercise from day 1 and continue like that until some day you lose. And here is exactly the logic of the strategy.
When you reach the point to lose after you fail to predict a certain match, the next day you have to place a double bet. That means you have to place 60$. If you win, you will have 120$. 120-60+30 (lost from the previous day) = 30$. Accordingly you will gain 30$ in 2 days total and your first loss was actually killed. What do you do if you lose the 2nd time, however?
At a loss of 60$ you will have to place 120$ on the third day. If you lose then you will place 240$ on the fourth day and so you will have to double until you reach a profit that will kill all the losses so far.
Martingale betting example
- Step 1 – Bet #1 – 30$ = Loss
- Step 2 – #2 – 60$ = Loss
- Step 3 – #3 – 120$ = Loss
- Step 4 – #4 – 240$ = Loss
- Step 5 – #5 – 480$ = Win (so we go back to the first step, which in our case is 30$)
- Step 1 – #6 – 30$ = Winning (we win again – this means we stay on the first step until we lose to move on to Step 2)
- Step 1 – #7 – 30$ = Loss (jump to the second step for the next bet)
- Step 2 – #8 – 60$ etc.
You see for yourself that if you do not suffer serious shocks with poor results, which are black series of 5-6 or more consecutive defeats, then you will always be profitable and you will have a good return. From the example we gave, if all this works out, the conclusion will be as follows: 30$ + 60$ + 120$ + 240$ = 450$ losses; With the 5th bet of 480$ we win 960$ from which we subtract the original bet of 480$ and we get 480$ profit. From them we take the lost so far 450$ and finally we get 30$.
This is the rule of the Martingale system. No matter which step is your winning single, it will always bring you a profit equal to the size of your first bet, i.e. in the example above, if you started with 30$ initial bet on Step #1, your profit on Step #5 will be 30$.
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Fixed Amount Betting
This system is based on betting a fixed amount on every game. For example, if you got 500$ betting budget, then you could bet 50$ 10 times. The thing is that you will bet 50$ every time rather than make bets at different amounts. If you win more than you lose then this could be an effective strategy, but the odds should be at least 2.00 no matter if you play singles or Acca.
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Fibonacci Strategy
Now let’s clarify the other three. Fibonacci’s strategy is very old. The theory itself dates back to the 13th century. Generally speaking, bets start with one unit (1) and each subsequent one is the sum of the previous two numbers (1,1,2,3,5,8,13, etc.). Here are the main numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, etc. As we can see every number is a sum of the previous two. The system is as follows – If you set a sum of 1, for example, 30l€ then the number 8, for example, will be 30×8 = 240€. So each number is multiplied by 1 to find out how much to bet. You bet a number, in this case the first one will be 1 because you cannot bet 0. This “1” can be different. You can count it as 10€, 50€, less or more. This is your choice.
For the system to work, it is important that the odds to be at least 2.00. With any winnings after which you have made a full profit since the beginning of the strategy, you stop betting. Just like with Martingale, when you win some bet, you stop, or.. you continue with the same amount every time. However, in the moment you lose, you must move to the next number from the “line”. What this means?
We have written Fibonacci’s main numbers above. This is the line. Accordingly, we are here at 0-1-1, i.e. the third number of the line. In case of a new loss, we will move on to the next, 2. In case of a loss again, we will move to the next 3 and so on until we win. If we win, we scratch the last 2 numbers in the recorded line. Let’s say we won when we got to number 8. That means we’re scratching 8 and 5 and our next bet will be 3. If we win, we go back two numbers, and if we lose, we move one number forward. To make the ultimate profit, we just have to win when we are betting on the number one. Of course, if you are betting on higher odds of 3.00 or more, you can still make a profit earlier.
Here is our example:
- Your one unit (1) is 20€. Bet 20€ and you win. You stop betting.
- Bet 20€ and you lose. You go to the next number in the line, 1. Bet another 20€, but lose. You go to 2. There you bet 40€ and you win. If your odds are exactly 2.00, then you will be at 0 and you will have to bet 20€ again, in order to win. If you bet on bigger odds, you can stop betting, because you will have met the goal.
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D’Alembert’s Strategy
D’Alembert’s strategy is extremely risk-free. When setting your budget for bets, you must divide it into units. For example, if you have 500$ and you set one unit to 20$, then you have a total of 25 units. With each subsequent bet, you must increase or decrease by one unit, depending on whether or not your bet has been successful. Here the odds should be at least 2.00 again.
If you bet 40$ and you lose, your next bet should be 60$ and vice versa. With this strategy, the profit is not very large, but there is no serious risk of bankruptcy.
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Kelly’s Criterion
Kelly’s criterion is a more complex method and requires calculations. It all depends on how much you think the bet is “save” and how much you value it. Then, using the odds calculator and the bank you have at your disposal, it makes a difference whether or not it makes sense to commit to the match. The goal is to find out the right amount of bet series. The formula is as follows: f * = (bp-q) / b as here f is the fraction of current money placed, b is the odds, p is the probability of winning, q is the probability of loss, which is 1-p.
How to use? If you decide that your bet has a 60% chance of winning, then p = 0.60, and q = 40, because the overall odds are 100, but the odds you get for the winning bet is 1 to 1, then you have to bet 20% of the amount each a path that is f * = 0.20. This is happening to maximize your long-term money growth. However, if your odds are zero or just too low, then the criterion will show you to bet nothing. This means that it is not appropriate to place a bet. There are calculators for this purpose, so you don’t have to calculate yourself.
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Draw no Bet
The Draw No Bet is one of the most popular bets and has great value if it’s used correctly. “Draw No Bet” is a betting market offered by many online bookmakers. In this market, the draw result returns the full stake back to the players. In general, a safer bet for punters.
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Proportional Betting
This means that you have to set a budget (bank) and set a percentage of your current budget each time. What is more important here is that bets are always made on the basis of the current bank. The goal is, when you win, to be able to earn even more with time. I.e. the more you earn, the bigger your bets are because you get interest on this growing bank. The smaller it becomes, the smaller the bets become. The reason – to limit the chances of fast liquidation of the bank in case of bad series.
For example, if you set up a bank of 300$. and you bet 10% of it in the first bet on 2.00 odds, and if it is profitable, you will make 30$. net profit and the next day you will have 330$. You then set your bet percentage and take that percentage out of those 330$. So if you accumulate more losses you will lose less and if you are in a good series you will win more every time.
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Fixed-value bets
Here, the practice is the same as in proportionate betting, except that we are not betting percentage on the current bank but betting percentage on the original bank.
For example, if you set up a betting bank at the start of the week, $200. and by Sunday you have $100 left and you decide to bet 10% of the bank, then you bet $20, i.e. 10% of $200, not the $100 you currently have.
Is there a best strategy
As we mentioned in the beginning, it all depends on your style of play, but we will write about it in more detail in the thesis below. According to numerous studies and analyzes of all these methods in large analysts and bettors with a huge amount of time, as well as over five years of experience, we believe that in the long term the Proportional Betting Strategy is one of the most successful.
Fixed-value bets also rank good in the most successful betting methods. We currently use it because proportionate betting is tricky to use for our weekly and monthly subscriptions. It will certainly be used when applying annual subscriptions.
How to choose the best strategy according to the way we bet – Betinum tips
It all depends on your style. First, you need to set a goal and a deadline for achieving it. Then, set a budget that will withstand even worse periods, if any. If you want fast results, then you have to take a more aggressive approach, but you also run the risk of losing in bad shape.
With this option, we recommend Martingale. If you think you have a good idea of how a particular subjective event can develop, then use Kelly’s criterion in its fullest sense. Proportional betting is a long-term strategy, so there you need to plan at least a month’s bettings.
What we can give you as the most valuable advice is over time to test all the systems and decide which one is best for you. It all comes from experience. This is the only way to “target” your strategy. Remember that you only have to spend money that you can afford to lose. Do not use money which you need for more important things!