We keep these blogs short on purpose, to get our point across! Learning how to bet successfully is a process, and you need to start by getting the basics right. On that note, we want to make it instantly clear. If you do not understand profitable betting is all about getting value odds, you will not be winning!
We should start by saying stick with the maths. If a bookmaker is offering odds of 2.10 heads and 1.90 tails, bet heads. While conspiracy theorists might believe one of the odds is shorter for a reason, we in the real world know they are talking bullshit.
Sports betting is not the same as throwing a coin, so finding value is not always straightforwards. With that said, applying basic logic is a minimum requirement.
DO’S & DONT’S FOR VALUE BETTING – PROFITABLE BETTING IS ALL ABOUT GETTING VALUE ODDS
- Do not take fallen odds without good reason. Imagine you were subscribing to a winning tipping service, and they advised a bet at 4/1, but you could only get 3/1. This bet is no longer value, so write it off!
- Do not take lower odds than those readily available. It does not matter how many betting accounts you have this could happen to the best of us. If established bookmakers have significantly higher odds than those you can get, stay away! While it would be nice, reality tells us it is impossible to have betting accounts with every bookmaker!
- Do not try to profit from bookmaker mistakes. If best odds with other bookmakers are 2.0 and you see a bookmaker offering 3.00, avoid the temptation! Such bets are void under the palpable error rule, and those trying to take advantage could have accounts closed.
- Use betting exchanges to guide. When there is plenty of betting liquidity, and exchange odds are competitive (100% book), try and find higher odds with bookmakers. Anything over the Betfair lay price could be considered value.
- Use Pinnacle to guide for big leagues and sports. Learn to adjust Pinnacle betting lines to a 100% book price, and bet if you find higher odds. Check out our tutorial section for more on the subject.
- Use odds comparison websites to see bookmaker betting lines. By comparing you get to see the potential value. Most sites show odds history and in which direction they are moving.
- Understand in-play betting is harder for bookmakers to control. Betting markets move a lot quicker, and risk managers are less likely to spot advantage betting.
- Learn to time your bet by market watching. Some professional gamblers do not understand the first thing about sports modelling, but they can read the market. Odds often have swings and readjustments, learn and earn!
- Tipster betting needs to be quick and efficient. Knowing at what time bets are released could give an advantage. Under no circumstances be tempted by betting unviable odds.
- If you are clued-in, open a betting broker account. When legally possible such betting accounts give access to Asian handicap bookmakers who accept winners. Broker accounts offer clients a single wallet solution (move funds between bookmakers), and many have a central betting platform with amalgamated best odds.
The last thing we want to mention, ask yourself why odds are changing. Consider new dynamics such has team news or weather conditions!