Various sports betting strategies may take dramatically different approaches to gambling, but one thing that they should all have in common is the development of a sound money management plan to identify the amount you can afford to gamble and the optimum betting unit to use for each individual wager.
Another important element that many winning strategies share is the search for a high value wager. A wager with a high value is one where you feel your odds of winning are significantly greater than the odds or line that are posted for the bet.
There are so many sporting events to choose from every week that there’s bound to be at least one match up you can find that has that high value appeal. So it’s important to remember that most useful sports betting strategies rely on the fact that you don’t have to place a bet unless you feel that your odds of winning are better than the quoted odds for the wager. Compare that to the plight of the poor bookmaker.
The sportsbooks have to take wagers on every game, every day. So regardless of what their own sports betting strategies might tell them to do, they must create the lines and odds that will be most beneficial to them on every game. This can be especially troubling when there are games with a prohibitive favorite. Ideally, in these situations, the bookmaker would like to have enough wagering on the underdog to help offset his exposure to the avalanche of bets he’s likely to receive on the favorite.
To do this, of course, the sportsbook will often need to widen the spread and increase the odds more than the actual match up might otherwise dictate in order to entice wagers on the underdog. This creates the types of situation that most sports betting strategies will tell you are ideal to result in a high value wager for the savvy gambler.
Betting strategies are, of course, somewhat different for each specific sport. And since professional football is one of the most popular sports for most gamblers it might be helpful to examine at least one important sports betting strategy for that game and always be on the lookout for the latest football betting odds to try to spot the next value bet.
While money management, high value bets and key numbers are important concepts, you’ll find that there are many sports betting strategies tailored to each specific sport. In developing your own wagering style consider consulting with one or more of the many professional online bookmakers to analyze their strategies and pick the strongest elements that seem to fit best with a particular sport as well as with your own gambling personality.