Don’t have time to read? Here are the key points in this post:
- A betting strategy is a defined system to decide what bets you should make
- A set of rules or instructions to follow is the easiest way to represent a strategy
- They are important because it is the only way to evaluate if the way you are betting is being profitable or not
- You can learn from your mistakes and improve your strategy
What is the difference between an amateur and a professional bettor that actually makes money? Most people will tell you is that the professionals have betting strategies while amateurs don’t.
Ok, but what is a betting strategy?
A betting strategy is a system that will decide when and in what team you should make a bet. The easiest way to describe a betting strategy is by a set of rules/instructions you should follow.
Basically you have to decide some conditions that will recommend you betting.
Let’s take a simple strategy as an example.
Strategy 1 – Bets on the home team when they are at least 5 points ahead of the away team on the table.
In this simple example, you would take a look at all matches and would only bet when the criteria are met.
You could have more complex strategies.
Strategy 2 – Bets on the Home team when it is at least 3 points ahead of the away team on the table and the odds are at least 2.00.
You could create any set of rules you think could be profitable. We encourage you to study your markets, learn from other people’s mistakes, and to have your OWN betting strategy.
Strategies x Gut Feeling
You already have some kind of strategy in the way you bet, even if you don’t realize it. The dangerous thing about not writing down and knowing exactly what is your strategy could be not knowing what is working and what is not working. Why are you winning? Why are you losing? A betting strategy can help you answer this and more important can help you WIN MORE THAN YOU LOSE.
Why is it important?
Once you have a strategy you can measure how good it is in terms of profitability. THAT IS THE MOST IMPORTANT ADVANTAGE in having a betting strategy, you can MEASURE how good it is and improve it as you analyze your mistakes.
Don’t forget to check the other posts from this series:
Odds are just probabilities
The best statistics for football betting
Long term x Short term form – which is better?
Betting Strategies – how to measure your results
How to win in football betting using statistics
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