Although there are different forms of betting strategy, they are founded on two fundamental concepts present in almost every strategy. These concepts are the concept of value and the bankroll management strategy.
Value Betting
Under value betting, a bettor must understand that every set of odds a bookmarker offers has an implied probability. So the odds will give you an idea of how the event could turn out; hence since the odds are not 100%, your betting strategy could lead to a win, a loss, or a draw. The onus is on you to judge those odds. If you detect a value bet, you will get more money than you lose.
Bankroll management
A bettor who does not want to go broke must prioritize Bankroll management because even if you place bets on games that could be value bets, you could still lose your entire bankroll. Experienced bettors usually divide their bankroll into units of 1-3% of the total money and do not bet beyond these percentages.
With this in mind, here are the best betting strategies you can apply while engaging in e-sports betting
Return on Investment (ROI)
ROI is a general investment term; it is also known as Yield. It applies to online sports betting if you view your betting hobby as an investment. If you can view your bankroll as the initial investment, you will bet smartly to capitalize on it.
Kelly Criterion
The Kelly Criterion formula tells bettors the precise amount to bet, primarily depending on the person’s perception of value. You can easily use the formula to arrive at the amount to bet. It has been described as an aggressive strategy in online sports betting since it involves betting a large percentage of your bankroll in a single bet. The Kelly Criterion formula is relevant because of how precise the estimate of the value of your bet is calculated.
Gambler’s Fallacy
Gambler’s fallacy is probably the first strategy a beginning bettor must learn. Essentially, it helps you know that each bet is separate and different from the next. Players can separate intuition, wishful thinking, guesswork, or “gut feelings” from their bets.
Chasing Steam
Chasing steam is one of the guaranteed betting strategies proven to work for bettors. “Steam” describes major movements in the betting market. Hence, when odds are moving significantly, it is often because serious punters, like professional gamblers, are wagering on one side. Because their bets are often huge, it can tip the scales and make the bookies swerve their odds to pay out less money.
With chasing steam, the idea is that professional big rollers know how the game will spin out so that they will increase their bets; while you decide to move with their steam, you must monitor all odds on several sites. If odds are changing dramatically on many sites, trust a site that has not changed its odds yet. This balanced view will help you get a better value bet.
Fading the Public
This betting strategy is the direct opposite of chasing steam. So, instead of following how the odds are showing, you bet against them. When you do this, “you bet against the trend.” This betting strategy works in well-publicized events, particularly in football betting. The idea is that educated punters and ignorant bettors can often sway lines. So, since it can be hard always to trust the public choices, you can decide to bet against them.
Backing Heavy Favorites
Backing heavy favorites is a very common online sports betting strategy because all it requires is having a player or team you love. So basically, you can bet on a team or player that is your favorite without putting much thought or skills. In some sports, such as football or boxing, backing favorites have ridiculously high odds of winning. This strategy is not really solid because it comes with a lot of risks. After all, sometimes the favorite is not even worth the bet, and it can be tough to win the money back.
Arbitrage Betting
Arbitrage betting or arbing is an online sports betting strategy involving betting equally on both outcomes of an event in order to ensure a sure profit. Hence, regardless of the outcome, you get a win. This betting strategy may sound unbelievable, but if you find a bookie offering opposite outcomes, you will have a guaranteed win. However, it is hard to find such opportunities, but when you do, act fast.
Expected Goals
Expected Goals is a betting strategy primarily used in football betting and other ball sports. Essentially, the strategy checks through advanced metrics how well a team will perform based on the chances they get.
