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What are the main methods used in betting?

What are the main methods used in betting?
Learn about the main methods for placing bets.
by Academia   |   comments 0

Every week there are thousands of people interested in placing their first bets, however, most of them don't even know where to start. So, today we're going to talk about the basics for those who are taking their first steps in this world of odds.

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The first thing is to choose well the bookmaker in which to place your funds. Today there are many offers on the market, so choosing will not be a problem. So, find out about the credibility of the house, the form of deposit, the facility to make your withdrawals, in addition to the odds that the site offers, whether they are advantageous or not. Another important thing is to look at the variety of markets so that you are not restricted to a few events or reduced to a low range of bets within a match. For example: you want to specialize in the corner market. There are many good houses for this type of bet, as well as others that offer very little resources for corners. So the tip is: do a lot of research.

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Using strategies in sports or casinos is something very common among gamblers. On the other hand, it is a subject that divides opinions, as many of these methods are loved by some and criticized by others, as each player has their own betting style. In this way, we are going to present the most used ones, and it is up to you to assess whether it is a good idea (or not) to apply in your bets.
 
One of the most famous, but which divides opinions, is Martingale. Here you can get quick wins, in the same way you can easily reset your bankroll. Let's explain it in a Casino game, Roulette.
 
Betting on red or black on roulette gives you a return with an odd of 2.00. In this case, whenever a bet is lost, in the next round you will bet double, until you finally win. This allows you to recoup all your losses so far, and come out with a profit. It looks tempting, but it is extremely risky, as it requires a high volume of money in your account, to withstand a streak of reds. Let's do a simulation:
 
- You bet 10$ on black, but the color is red: bet lost.
 
- In the next round it increases to 20$ in one of the colors. Let's say you lost bet again. Are 30$ of loss correct?
 
- On the third attempt we will double again, putting 40$. Finally you win, which will give you a return of 80$ ($ 40.00 x odd 2.00).
 
Subtracting the $ 10.00 + $ 20.00 + $ 40.00 wagered, for the $ 80.00 in return, you will have a profit of 10$.
 
This can be applied to any sport or market, you just have to calculate the odds offered and how much you should bet on the next attempt. In this example, as the odd was 2.00, it was enough to double, but sometimes it even requires tripling the value. The payback is quick, just as the damage can be immeasurable, so be careful.
 
Another well-known method is called the Kelly Criterion. Here you will have to use a mathematical formula and calculate each team's probability of winning chances, according to your own assessment. After that, this method will give you the answer if those odds offer you an advantage, in addition to how much of your bankroll should be bet, according to the values ​​applied. This allows you to keep track of your bankroll and not bet on events that won't bring you benefits.
 
After analyzing the two teams, you came to the conclusion that one of them is the favorite, by a small difference, but enters the field with chances to win. So you give 55% favoritism, for example. In Kelly's Criterion it looks like this:
 
Formula: (B*P - Q) / B
 
Meaning:
B = odds -1
P = odds you stipulated to win the bet
Q = odds of losing (ie 1 – P)
 
Example:
B = 2 - 1 = 1
P = 0.55
Q = 1 - 0.55 = 0.45
 
(1 x 0.55 - 0.45) / 1 = 0.10
 
After the calculation, it was stipulated that you must bet 10% of your bankroll on this game. If the result is negative, it means that it is not a good entry to make, according to the odds you have raised.
 
In addition to the two already mentioned, another method that draws a lot of attention from bettors is the Fibonacci method. It is a progressive betting style, that is, it increases the bet amount until it finally wins (similar to what we explained in Martingale). But he has some interesting rules that must be followed to the letter to succeed.
 
First, the odds must always be equal to or greater than 2.618. In addition, there is a logical sequence to bet on the next round, always betting the amount that represents the sum of your last two lost bets. In the example it's easy.

Let's say we made a bet of 5$ on some game, and we lost. Then we increased it to 8$, and again came the red. Then we apply the Fibonacci system. We add 5 + 8, and the result is 13. This means that on the next bet we will bet 13$, at an odd of at least 2,618. This account allows you to recover everything you have lost so far, and still make a profit.

There is a sequence, starting with 1 real, it looks like this: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55. For example, the 34 is there because previously we have 13 + 21 = 34. Always bet the sum of the last two results that did not work. A tip is to look for markets in which quotes are generally higher than 2.618, studying the patterns and chances of getting that result.

Many use it in the result of draws, for example. Therefore, look for a competition with a high number of tied matches, statistically speaking, that probably some of the games selected during the application of this method will finally end in a tie. Obviously, you must always analyze the teams and the match in question.

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