Betting strategies are quite essential if you are to succeed in sports betting, as they minimize the chances of luck. If you conduct plenty of analysis and preparation before a bet, then you stand a good opportunity to win in the long run. You also minimize the chances of losing. It's also wise to check bet companies in Tanzania in order to choose reputable sites before you start.
Most of the football betting systems are being played as system bets. This means you can have one or two incorrect tips on your betting slip and still make a profit.
The more you deal with sports betting and betting systems, the more you learn about what systems are functioning and what systems are not. You are able to use our system calculator in order to calculate the stake of your system bet's potential profit in a matter of seconds.
10 Tips for a Winning Betting Strategy
Nothing will stand in the way of your winning betting strategy with the following tips.
Tip #1: Bankroll Management
One of the foundations of a winning betting strategy is bankroll management. Bankroll management determines the size of your bet in relation to your total betting balance so that you can prevent total losses. You can learn more about bankroll management here.
Tip #2: Only Bet on Sports You Know Well
You need to know the sport you want to bet on and be aware of its rules to be able to analyze games successfully. By doing so, it becomes easy to predict possible outcomes, which has an impact on your sports betting strategy.
We strongly suggest never blindly copying bets. Your own analysis and assessment always matter.
Tip #3: Avoid Emotional Betting
There are two types of emotional bets: betting on the loyalty towards a team or betting out of frustration. Neither of them is good because emotions have no room in sports betting. Winning bets are always based on neutral and professional analysis.
Tip #4: Analyze Each Tip in Detail (Use Statistics)
Careful analysis of your tips is a very important aspect in a successful betting system. Along with the right statistics, experience is essential. No expert becomes an expert in a day. Be patient, take your time, and continually sharpen your analyses. This way, you will be rewarded with long-term success and maximum winnings.
Tip #5: Compare Odds
Most punters select bookmakers on the basis of the design of the website, yet the most vital factor is the odds provided. Your profit or whether you profit at all may be decided by slight variations in odds.
Especially in system bets, the odds are very important because a system bet consists of many combinations. For example, for a 3-out-of-6 system, one bookie might return your stake with 3 correct tips and another one 5 euros less. In the long term, this makes a big difference in your bankroll.
We have compiled a list of bookmakers with the best odds for you.
Tip #6: Having Accounts with Multiple Bookmakers Ensures Profit
Only when you have accounts with multiple bookmakers can you compare odds, or "odds shopping." Bookmakers offer different odds for each match. Especially in specialty markets like top scorers, draw bets, or handicap X bets, there are often big differences in available odds.
Sometimes, one bookie might be more suitable for a betting strategy than another. Always place your bets where you get the best odds and most profit. Always consider applicable betting taxes and compare the net profit.
How it is worth having multiple accounts you can read in our blog post: "How Many Betting Accounts Are Recommended?"
Tip #7: Adjust Your Betting Strategy to Yourself
A betting strategy is always individual. Just because a strategy is right for another person doesn't necessarily mean it will be right for you. The variation in evaluating single bets might end up in different outcomes.
Have a working betting strategy? Try experimenting with it. Still not quite right? Don't panic. Review why your tips are not correct. Maybe you need to adjust the analysis or try the strategy on another league.
Tip #8: Keep a Record of Your Bets & Strategies
Long-term success requires not only the right betting strategy but also documenting your bets. Only then are you able to identify "leaks" in your strategy and optimize it.
Expert advice: create an Excel spreadsheet and document all your bets. Utilize the following columns:
- Date
- League
- Game
- Tip
- Odds
- Reason for the bet
- Stake
- Possible profit
- Evaluation
- Win or loss
Detailed documentation allows you to analyze results. For instance, a strategy might work better in one league than in another.
Tip #9: Specialize in a Niche Market
As in life, no one can excel at everything. You should specialize in a niche where you can become an expert and have access to good statistics to study.
Specialization in a niche enables you to tell whether bookmaker odds are good or bad, which allows you to gain profit from value bets.
We recommend subscribing to news sites that are in your niche. It keeps you updated and allows you to react to information before bookmakers alter odds.
Example: You're a fan of ice hockey and follow the DEL. By following ice hockey news sites, forums, and Discord groups, you know about injured players in real-time. When 5 starters from a team are out with the flu, you can act on this news faster than the bookie and take profitable odds. The bookie adjusts the odds a few minutes later.
Tip #10: Think Long-Term
A successful betting strategy is characterized by a long-term approach. Isolated losses are not dramatized since the goal is to be profitable over the long term. This does not mean you should accept ongoing losses. If, in the long term, you experience more losses than gains, then you must change and refine your strategy (see Tip #7).
Disclaimer: Sports betting strategies cannot be a shortcut to instant riches. With the right strategy, you consistently build a solid bankroll and maximize your profits.