What betting should I invest in learning? If this question has been bothering you, you've come to the right place! In recent years, sports betting has emerged from the shadows and into the sunlight. It's not rocket science to make consistent money betting; in fact, the process is quite basic.
Football is one of the most popular sports to gamble on in the United Kingdom, with 40 percent of all bets going to the beautiful game. Luckily, we're fortunate enough to have access to the entire world of football betting in 2023.
As a result, it's crucial that you, the punter, are aware of all of the key characteristics of the football markets. Especially understanding betting strategies. Here, we'll go over a handful of the most common betting tactics so you can cut through the hype.
Lay Betting
On a betting exchange, lay betting allows gamers to take on the role of a traditional bookmaker. It is not as complex as it seems. You set the bet's odds, and if the selection loses, you could win the backer's money. In a simpler manner, it is the exact opposite to a traditional bettor, rather than betting on a team to win, you lay a bet on them not to win.
It is a betting duel between a backer and a layer. In which a bettor who is betting against a given outcome is known as a 'layer’, and the 'backer' is the person who is wagering on the outcome.
Lastly, before starting to invest your time and money on lay betting, you need to choose the best betting exchange for you to start your betting journey. With that, you have the option of balancing the odds as well as your stake.
Basic Value Betting
In football, value betting is quite popular, and it's perfect for fans who have a lot of expertise and experience with betting markets. Value bets are wagers that are placed at odds that are higher than the market's true probability.
To genuinely find value bets, you must first comprehend the concept of Expected Value. The expected value (EV) of a bet indicates how much money you may 'expect' to win on average per wager. It refers to how much you would earn or lose if you placed the same wager repeatedly.
We can use the following formula to help us:
Expected Value = (Probability of winning) * (Size of the wager) - (Probability of losing) * (Amount lost per wager)
Example:
Full-Time Result
Spartak Moscrow
Draw
Braga
2.05
3.28
3.10
$10 on Spartak Moscow to win at odds of 2.05 provides a potential profit of $11.50.
Computation:
The probability of a home win is 100/2.05 = 48.78% or 0.4878,
Thus, the probability of of this not occurring is sum of Draw and home win for Braga (100/3.28 +100/3.10) = 0.3049 + 0.3226 =0.6275,
Using the Expected Value formula,
EV = (0.4878 x 11.50) - (0.6275 x 10) = 5.6097 - 6.275 = -0.6653
Thus, you will lose little more than $0.66 for every $10 wagered if you bet on Spartak Moscow to win.
Goliath Bets
A goliath bet is when you are placing 247 wagers on eight distinct selections. In fact, there are no single bets in a Goliath. For the bet to yield a profit, at least two of the eight selections must win.
The 247 bets consist of:
28 doubles
56 trebles
70 four-folds accumulators
56 five-fold accumulators
28 six-fold accumulators
8 seven-fold accumulators
1 eight-fold accumulator
An example is when you bet $1 on a Goliath at a total stake of $247. And, if you have five or more winning selections, you're likely to make a good profit, as shown below:
0 selection wins = $0 return with a loss of -$247
1 selection wins = $0 return with a loss of -$247
2 selection wins = $16 with a loss of -$231
3 selection wins = $112 return with a loss of -$135
4 selection wins = $608 return with a profit of $361
5 selection wins = $3,104 return with a profit of $2,857
6 selection wins = $15,600 return with a profit of $15,353
7 selection wins = $78,096 return with a profit of $77,849
8 selection wins = $390,592 return with a profit of $390,345
The extremely high returns that a Goliath can deliver an appeal to gamblers. Which makes it a more interesting way to wager on a multiple since it improves the odds of winning.
Final Thoughts
Sports betting is unrivaled in terms of excitement. Emotions fluctuate in tandem with the performance of the athletes on the field. If you stick to betting on what you know, betting on the hundreds of football games played across the world may be a lot of fun. While it is complex at the beginning but in the long run, you’ll find the industry worth investing in. And thus conclude that knowing the true likelihood of an event is the key to generating money in sports betting.
.png?v=1.014689135)
