Sports Betting Strategies – Learn How to Wager on Legal US Sportsbooks

Maintaining solid sports betting strategies can go a long way toward potentially earning profits, but more importantly, reducing losses, making your money last longer and betting responsibly. Simple strategies and more advanced ones help bettors maintain discipline and their bankrolls. In this 🌠article, we’ll explore different strategies that can help punters build a more rounded approach to wagering.

What is a Sports Betting Strategy?

A sports betting strategy is an established plan that extends past merely rooting for the team you love and betting based on a gut feeling. It is a methodical strategy that involve🦹s researching sporting contests, assessing matchups and maintaining a strict bankroll to place smart wagers that maximize your odds of succeeding over time. Understanding the odds and comparing them from various bookmakers, as well as concentrating on value instead of simply picking favorites, will help you establish a solid and responsible sports betting strategy.

Using a sports betting strategy offers protection against the house's inherent edge, the 10% vig. By thoroughly analyzi𒁏ng matchups and detecting flaws in the odds, such as mismatches between teams or players, you can take advantage of scenarios where the genuine probability of an event occurring differs from what the oddsmakers estimate. It enables you to identify value bets in which✨ the potential payoff exceeds the vig.

Discipline🐽 and self-control, which we’ll mention throughout this guide due to their importance, and bankroll 🐈management will be essential components of your plan. No betting strategy can guarantee victory, but it allows you to make informed judgments and perhaps overcome the house edge, which is already a disadvantage.

Basic Sports Betting Strategies

The attributes discussed in this section are basic but can definitely build the starting foundation for a spo💙rts𓂃 betting strategy. Following and understanding these fundamentals are vital.

Bankroll Management

Responsible and strict bankroll management is critical in sports betting since it prevents someone from losing their entire budget o𓆉n a single bet♛ or over a short period of time.

Your bankroll should be a very small portion of your assets and ⛦shouldn’t affect your ꦬdaily life. Sports betting is for fun and should not impact your mental health.

Betting 1-5% of your bankroll per wager is highly recommended, with 1% being the norm. Determining a unit s☂ize is up to you, but many responsible and professional cappers consider 1 unit as 1% of their bankroll.

Recommended bankroll percentage per wager

The most responsible choice is to plac𝓀e 1-2 percent of your bankroll on each bet. Th✱is method encourages you to focus on savoring the games instead of recklessly risking a huge chunk of your cash and increasing stress levels.

Understanding Odds

Betting odds are numbers that represent an oddsmaker's view (how likely an event is to occur) on a particular match, contest, or prop. ꦯThey also indicate the amount bettors must risk to win a specific quantity.

The three popular types of oꦫdds are American, fractional and decimal. American odds (also known as moneyline odds) are the most commonly found on U.S. sportsbooks. Some spoꦅrtsbooks offer the option to display all three types.

Knowing how the odds work is critical for betting and making informed selections. It would be careless to stake blindly without understanding them. Learning the in♐s and outs will assist you in locating value bets along with setting reasonable goals, mixing odds with favorites and longshots, skipping out on poor wagers and conducting proper research.

Identify the Best Betting Lines

It is highly advised that you compare odds from various bookmakers. This is widely known as odds shopping. Many betting websites offer odds shopping tools that provide the odds for each game 🍸or prop on one page, allowing you to discover whic🌞h bookmaker has the best line.

Odds shopping is essential when building strategies for sports betting since every cent matters. Even the slightest differences in odds across betting sites can significantly impact long-term results. By comparing odds, you may ensure you're receiving the highest value for yourself, increasing you꧅r potential payout and decreasing the size of your loss if the bet doesn't prevail. This routine is especially important for professional, standard and beginner punters who wish to make better bets.

Use Data

Using data and researching lines is a must. If you wer⛎e to bet on an NBA player prop, such as Jaylen Brown, over 7.5 rebounds (-136), checking his recent game logs is just the start of your research.🍸 You’ll see how he did over his last five games, but it’s more important to see how many rebounding opportunities he’s averaging, how many rebounds and rebound opportunities he’s averaging versus the team he’s playing, how many rebounds the opponent gives up to his position and who will be guarding him.

Those are a few examples of in-depth data that needs to be used. There are tons of resources online, inclu🧜ding top expert picks from professional cappers who🍌 research and bet for a living.

Comparing their expert advice and reading their picks is a great way not only to tail their bets but analyzing their writeups can🧜 teach🌸 you things on your betting journey and show you how they conduct their research.

There are both subscription-based and free analyses all over the internet. Analytical models and projection sites should also be used to see how players are projected to perform. Many of them share the expected value and edge (detailed percentages ꦺif they’re positive or negative) so you have an insight into whether it’s worth betting on the specific line.

Many cappers tweet out their picks on X. Tur🐽ning notifications on for your favorite꧒s allows you to see their picks before the lines shift.

Stay Away from Parlay Bets

Consistently wagering on parlays is widely regarded as a bad betting strategy because it combines numerous individual bets into a single larger bet, requiring every pick to be successful for the parlay to be paid off. While parlays have the appeal of huge winnings because of their highe♕r odds, the danger increases with every leg you add to the slip.

The likelihood of winning reduces considerably when additional bets are made, making it far more difficult to complete a successful parlay. Furthermore, bookmakers often charge a bigger mar💛gin for parlays, which means the odds offered are far less favorable than for individual bets. This inherent disadvantage, along with the increased difficulty of winning, renders parlays an unreliable and frequently unsuccessful betting str🎀ategy in the long term.

We’re not saying to stay away from them altogether, just to limit and bet them responsibly✃. ꦡ

Be an Expert Regarding a Team/League

A thorough understanding of a specific sports league makes you a far more knowledgeable bettor. This lets you look beyond just the point spread or money line and explore variables that may sway the game in an unexpected fashion. Injuries, recent performance streaks (team or player), player matchups, and coaching matchups can all affect the outcome. Mastering the complexities of the league allows you to un༒cover potential betting possibilities that the bookmaker may have missed, providing you an advantage over the standard bettor.

Advanced Sports Betting Strategies

The following advanced sports betting strategies are excellent🔯 to know. Mixing them can help you become a balanced handicapper.

Hedging Bets

Hedging bets can 🀅help you guarantee at least a small profit in certain scenarios, especially regarding a futures bet. If done properly, it minimizes risk an🃏d secures gains.

For example, if you bet on an NFL team during the preseason at high odds to win the Super Bowl and they reach it. As the season goes on and they start winning, their odds will massively decrease. You might’ve taken them at 28-1 to win it all, but after Week 14, they might be down to 5-1 and, in the big game itself, -150. In this case, you’d place a bet on their opposition to lock in a guaranteed profit. Obviously, if you let it ride, you might end up with a huge payout, but some bettors prefer to hedge a certain amount, which many use as a strategy. Hedging calcu🃏lators are excellent tools to use in this scenario.

Suppose you take a favorite due to their winning record and recent impressive play. Yet, there is always a chance of an upset. Putting a modest hedge bet on the underdog might reduce your risk of losing if anything unforeseen transpires. You may not win much on the wager, but the hedge keeps you from lo♛sin♚g your full bet.

Not every circumstance offers strong hedging possibilities. The lines may not align for a lucrative hedge, or the 💖contest may not lend itself to hedging (such as certain single-game wagers).

Ultimately, hedging can be a sensible method for preserving a profit while minimizing risk. Yet, it is critical to utilize i🔯t sparingly and com🌃prehend the possible trade-offs before hedging.

Creating Personalized Betting Lines

Making your “own” betting lines is a more complex sports betting strategy than simply using the odds supplied by the operator. It entails delving deeply into statistics, data, and past patterns and results to develop your own judgment of the likelihood of an occurrence. You can uncover possible mismatches by comparing your lines to the odds the bookmaker offers.

If your analysis reveals that a team is likelier to win than the odds indicate, you've found a value bet with a greater potential reward. This allows you to exploit discrepancies in the odds and acquire an advantage against the house. Remember that generating personalized odds requires strong expertise and cannot ensure success, but it can be a valuable tool for astute�꧋� sports gamblers.

Personalized betting lines are also considered “alternate lines”. We’ll dive into this technique later in the NFL betting strategy section.

Fade the Public

Betting against the public can be an effective approach if done right. It takes advantage of market ꧙flaws and popular biases🀅. It demands extensive research, a thorough understanding of wagering markets, and a knack for recognizing when mass opinion has produced value on the opposing side.

This fading strategy🐷 is predicated on the idea that most of the public frequently makes illogical, emot🧸ional and impractical choices when picking a favorite, resulting in inflated favorites and discounted underdogs.

Because betting websites modify lines to balance sportsbook🍌s, punting versus the public can occasionally result in higher odds and possible value. This implies you may be able to receive an improved rate on an underdog or ni💧che ticket that wouldn't have been possible.

Like every technique mentioned in this article, it is risky and shou♐ld be utilized as a small part of a more comprehensive, informed betting strategy.

Dutching

The technique of “Dutching” entails wagering on various outcomes in a contest to ensure a profit no matter what happens. Dutching involves determining the cost for each bet so that the overall payoff covers the potential loss of each wager, guaranteeing that a single winning bet offsets the losses of the rest.

For example, if you're𒈔 putting down money at a horse race and want to Dutch, you might wager on multiple horses instead of merely one, dividing your entire wager between them based o🍎n their lines.

Dutching calculators are commonly used to make these calculations easier and faster. Dutching may prove useful in markets consisting of fluctuating lines and when a𝕴 chance for profit presents itself in multiple scenarios.

The primary benefit of Dutching is the control of risks, which decreases the possibility of squandering an entire bet. Still, it has drawbacks, like the 🍰possibility of low profit margins and the hassle of handling several slips.

Plus, certain bookies may limit how much you can bet on specific outcomes, which causes the strategy to take a hit. E💙ven with the drawbacks, Dutching might be an effective strategy for experienced players seeking steady, yet miniscule⛎ profits.

Kelly Criterion

The Kelly Criterion is a method that measures the percentage of your existing bankroll that should be staked on a specific wager in order to maximize long-term growth. It balances risk and reward by considering the 🔯proꦐbability of winning, the odds of the bet and the likelihood of losing.

We’ll use a scenario in the following picture of BetMGM’s Eastern Conference Finals game 3 matchup between the Celtics and Pacers. If you bel🌠ieve the Celtics have a 55% chance of covering the🃏 spread, this is how the Kelly Criterion would calculate what percentage of your bankroll you should bet. We’ll say you have a bankroll of $1,000.

The Kelly Criterion formula is: f= bp-q/b To explain it, ꦯwe’ll show it typed out: (Decimal Odds – 1) x Decimal Winning Percentage – (1 – Winning Percentage)) / (Decimal Odds – 1) x Kelly Multiplier

Calculation

According to the Kelly Criterion formula, you would bet 5.49% (5๊.5%) of your bankroll on the Celtics to cover the 6.5-point spread because you believe🔯 they have a 55% edge. If your bankroll were $1,000, the wager would be $55.

Kelly Criterion Calculator

There are tons of Kelly Criterion Calculators available across the web for free, so you don’t have to calculate everything. It’s important to remember that sometimes the calculator will recommend betting a massive portion, such as 25% of your bankroll for underdogs with odds of around +150, for example. This is an extremely risky play and isn’t recommended. Using the calculator for bets closer to even money allows it to put out smaller percentages🎃.

Risks of the Kelly Criterion

The Kelly Criterion is susceptible to being improperly utilized in sports betting if bettors aren't good at estimating win or loss probabilities (already very diff🥃icult), resulting in inc🐻orrect bet sizes. A punter overestimating their edge is a prevalent mistake that may rapidly destroy a bankroll. In addition, the high variance present in wagering can result in huge immediate losses that the Kelly Criterion fails to account for, either psychologically or fiscally.

Overlooking♌ transaction expens🐻es and wagering limits enforced by sportsbooks can further skew ideal stake sizes. Another factor is the calculation assumes that all gains will be reinvested, which obviously may not be the case for all handicappers. The last factor we'll mention is that failing to employ more conservative techniques could expose gamblers to high levels of risk.

Best Betting Strategy by Sports

In this section, we’ll provide both generic and in-depth stra❀tegy tips for different sports leagues. Each bettor must formulate different sports betting strategies they deem successful. There isn’t an exact strategy that guarantees success.

NBA Betting Strategy

If you’re wanting to bet on the NBA, become a basketball guru. The deeper you learn about the NBA landscape, the more you'll benefit. This consists of organization weaknesses and strengths, the rules 🌼of basketball, matchups between players, coaching styles, and recent pat🐼terns in performance.

Researching and understanding data is also imperative. The tips mentioned in this article's “Use Data” section are prime examples of what data to study before staking an NBA player prop.

Other key details to be aware of are if a team is playing back-to-back nights because a coach might take the load off his star players and rest them. This provides opportunities for other players to fill the stats sheet (great for player 🎃props) or for opposing teams to upset. It also can affect the scoring total.

MLB Betting Strategy

One key aspect of MLB betting is to focus on the s🧜tarting pitchers. They greatly impact the outcome, so researching their recent form, prior performances versus ꦯother ball clubs and how fresh they are is critical. Another technique is to compare team success against different types of pitchers (righties vs. lefties) to discover value in matchups.

Paying attention to bullpen strength is also imperative to look for, as late-game performance can frequently affect the final score. Weather variables, such a🌺s the speed and direction of the wind, can also impact who wins. Analyzing the underdogs in certain circumstances, like if they boast a quality starting pitcher or have home-field advantage, can provide an edge compared to the books' odds.

NFL Betting Strategy

The NFL is the most popular sport to bet on in America. It offers a plethora of betting markets from moneylines, spreads and totals to player props s𝔉uch as yardage tota⛎ls and anytime touchdown scorers.

One key feature that should be taken advantage of is the alternate lines sportsbooks offer. Bettors can “buy half a point or a point.” For example, in a rivalry game that’s historically low scoring between the Baltimore Ravens and Pittsburgh Steelers, if the Ravens are 2.5-point favorites at -110, and you think the Steelers 🧸will lose by a field goal, then buying a ಌpoint is worth it.

Buying a point moves the Pittsburgh spread from +2.5 to +3.5. If you buy half a point to +3, and it loses by a field goal, your bet is a push. You’re going to pay either -120 or -130 in most cases, but many NFL games do come down to the wire. If you took the +3.5 and the Steelers went on to lose 20-17 (by a field goal), you’d c🍷ash your bet.

Theꦐ same scenario goes for teams favorited at -6.5 or underdogs at +6.5. For example, if you think the favorite will win by a touchdown, then bet on the 6.5-point favorite. Should you believe the underdog won’t lose by more than a touchdown, buy a point and move their ꦺline to +7.5.

Player props are also an excellent market to take advantage of. If you like betting on wide receiver yards, then research how the receiver does against certain defenses, how the opposing cornerback plays vs. top receivers. Make sure to also analyze the game script. If the yardage total is extremely high for WR Deebo Samuel of the 49ers aga൩inst a massive underdog, San Francisco win in a rout and run more. This would lean towards taking Samuel’s under.

Alternate yards parlays are also common. Two running backs might have eclipsed 50 yards rushiﷺng in 9/10 contests. They might both average around 90 yards per game, so parlaying them at -245 and -255 (combined odds: -104) to achieve near-even money might be worth it.

NHL Betting Strategy

A solid betting strategy for the NHL betting focuses on 🔥franchise form and matchups. Evaluate the latest developments, such as winning streaks and home and away records.

Away teams have historically🐽 performed well in the NHL, winning around 41% of games. This offers value for⛦ away underdogs especially when the public is siding with the home favorite.

Goaltending is crucial in hockey. Thus, alwꩵays keep track of the goalie stats, as an outstanding goaltender could have a huge impact on the contest's outcome. Assess teams' performance in different scenarios, such as power plays and their penalty kill effectiveness. It's als♉o useful to track injuries, particularly to star players, and how teams play when faced with back-to-back games on the schedule.

There are many markets for player props, such as the number of shots on goal for certain players or the anytime goalscorer. Find the averages, recent game logs, how often a player shoots against one team, and how often they score against a ♓certain opponent. You should also research how oth🌸er teams allow specific positions to perform in these categories.

Golf Betting Strategy

W💫hen betting on golf, it’s tempting for many punters to try and sprinkle bets on long shots to ꦕwin since some odds can reach as high numbers such as 300-1.

Taking a golfౠer to win outright is extremely challenging, especially with about 150 golfers in the field at a normal PGA Tour event.

If you’re going to build an outright betting card, it’s important to mix in favorites, longshots and players in the middle of ꦜthe pack (odds-wise). You want to even out your bet😼s evenly so you don’t overexpose yourself. A golf card usually consists of six golfers. It can have slightly more or less but needs the unit sizing needs to match up.

The worst t🦹hing you can do is bet on to𒉰o many players in the field, without taking the insurance we mention below, and a golfer who isn’t on your card wins.

The safest markets 🥃to bet on are H2H matchups, where two golfers face off on the book, and the one with the lower score at the end o🐟f the tournament wins.

Finishing positions are also a safer option than outrights. This includes picking a gol𝔉fer to finish in either the top 40, 30, 20, 10, or 5 at conclusion of the event. You🀅 can also do this with golfers you have bet outright as insurance.

Topics to research for betting players include their history on the course they're playing, how they perform onꦡ similar courses, how they putt on the type of grass the greens have and how the golfer does in different condiꦗtions. Some courses suit bombers off the tee, while others suit players who are excellent ball strikers.

The picture below featuring Bet365’s live odds of the Charles Schwab Challenge shows live finishing positions. If you thought Brian Harman, who has played well historically at Colonial Country Club, had a good chance of finishing inside the top 10 (he was in a tie for se🐟cond and one shot behind the solo leader Charley Hoffman at the time of the picture), then he might be worth a bet at -120.

Sports Betting Strategies Not Working Anymore

These three methods are not proven to work and involve increasing bet sizes. All three ca𝄹n cause enormous losses, be extremely stressful and result in errors of judgment.

1. Martingale System

   The Martingale System is a sports betting strategy first developed in the 18th century that focuses on chas💃ing losses. You place a tiny bet on any even-money wager (for example, a coin flip). Should you fail, you then double the stake amount on the next bet. The goal is to ultimately win a wager and recover all of your past losses and earn a modest profit.

   Nevertheless, the Martingale approach fails due to two major flaws. First, there is no assurance you will win before running out of funds. Losing streaks are easily possible, especially with a +100 wager (50% implied odds). Second, just because you bet on a team to win and ended up losing a few times doesn't mean you're “due” for a triumph.

   Depending on the stakes, sportsbooks impo𒁏se bett𝓰ing limits on certain quantities, so it might not even be possible to continue rolling over bets. As stated, this is an awful strategy and is not recommended.

2. The Negative Progression System

   The negative progression method is a sports betting technique in which you raise the wager size following each defeat. Some bettors♑ find it appealing as it makes you believe you're due for the win and can regain all of the damage with a single bet. There are several variants of this strategy, such as the Martingale method, but they all have the same issues.

   The faults of the Negative Progression🎐 System are practically identical to those coinciding with the Martingale♌ System.

3. The Labouchere System

   The Labouchere system generates a number sequence and bets on the sum of the first and last figures. Should you win, you cross those numbers out. When you fall short, you add the wager 🔯amount at the end of the sequence. Although it looks to be structured, it is ineffective because it rapidly increases the size of wa🎐gers during losing runs, exposing players to significant losses.

   This approach does not change the underlying probabilities or negate the sportsbook's advantage (vig). Furthermore, increased stakes ca🥂n cause fiscal and mental strain, resulting in errors in judgment. Ultimately, it is not a viable long-term betting strategy.

Why Use Sports Betting Strategies

Using a mix of techniques and understanding how they work can help when🧸 making decisions at the sportsbook. Sports betting strategies for beginners anღd experts alike should be well-rounded. We aren’t advising the use of any specific one in this article. Do so at your own risk.

Should you decide to use any, they’re permissible at any legal U.S. sportsbook. Some of the most popular bookmakers include FanDuel, DraftKings, BetMGM, Caesars, Bet365 and Borgata.

ThePuntersPage Final Say

Having a sports betting strategy is vital to making your money last longer and giving you a chance at success. Remember to try to find value by conducting in-depth research, focusing more on straight bets, using odds boosters for certain bets you find at🍃tractive, and taking early cashouts when necessary. Stay disciplined and stick to your bankroll.

Please bet responsibly. Never wager money yo🎉u can’t afford, set limits for yourself and never chase losses.