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Simply put, the sportsbook will give you enhanced odds for a limited time on a certain market. It could be the match winner, the first goalscorer, or anything else. You will often see such special deals for popular competitions like the English Premier League and the Champions League. The increased odds already give you an advantage, but you could go one step further and secure profit no matter what happens. You can do that by using the services of a betting exchange to lay bet against the same outcome or find another bookie and place a bet on the opposite outcome on odds that will bring you a profit in any scenario.
To work out the profit open the matched betting calculator. Sometimes the maximum bet is limited by the bookies for prices that are boosted. However, there are countless opportunities each week. If you put the effort, you will certainly find enough games where the arbitrage is possible thanks to the football price boosts.
The best website for following price boosts and other bookmaker offers is Profit Maximiser. Another type of promotion you will often see are the so-called refunds. As the name suggests, instead of losing you will get your wager back in certain cases. A good example of that would be the classic football refund offer if a game finishes A lot of bookies will give your money back if you placed a bet on another correct score.
This is probably the most common example, but you will be able to find plenty of different promotions that will bring your bet back under certain circumstances. This often provides great opportunities to find some positive expected value. The first step would be to find a correct score option different from where the odds of the bookie and the lay odds on a betting exchange are close.
Place your bet that qualifies for the promotion at the bookie and lay the same outcome in the betting exchange. The next step would be to place another lay bet, this time on the correct score. The key here is that the odds are low enough which creates an opportunity to win. Also, you should place an underlay bet, which is similar to the standard laying with one big difference. You aim at being break even if your lay bet on the exchange wins and get a huge profit if the bet at the bookie wins.
The same principle applies to all refund offers. You have to find solid odds for the back option at the bookie and the lay at the betting exchange first. Then check the lay price for the outcome that could be refunded. As you can see in my previous example of profitable strategies, using the services of a betting exchange is essential. It gives you the flexibility to back or lay various outcomes, trade live, and much more. The biggest betting exchange out there is Betfair and it offers the highest number of markets, a lot of liquidity, and tons of opportunities to make money.
A good example of a football strategy you can use on Betfair is called Laying the Draw. However, there are still opportunities to make money with low risk. As the name suggests, you will be laying the draw in certain football matches. For a start, you have to select a game where one of the teams is a clear favorite to win, usually the home team.
Then, the first thing you do is lay the draw. Your intention is not simply to wait for the game to end and take profits. You can secure a win much earlier or take a tiny loss depending on the way the match is unfolding. Usually, the favorite will be ahead at some point and this is when the price for a draw will skyrocket. You will be able to back it at much higher odds compared to the lay price you took before the game.
This will guarantee a profitable outcome no matter what. Of course, sometimes there will be no goals until the th minute. In such cases, you could back the draw at smaller odds and take a loss. In such cases, you usually should wait up to the th minute mark and see how it goes.
Should the underdog is ahead by two goals or more, you will be able to secure a huge profit by backing the draw at a large price. If the underdog is still ahead by one goal only, it becomes a bit tricky. You could risk it and hope they hold on. Alternatively, you could back the draw at a low price and take a small loss.
The strategy is really simple and profitable, if you follow a couple of important rules:. The good news is that experience helps a lot when you lay the draws and it should become easier to find good opportunities. They including trading and also value betting systems. They have all been proven to work over a number of years for many users.
Click here to read more. A lot of people bet on various sports with the hope of making money. Read the article to understand how to make money gambling! There are lots of great betting system reviews on the internet just now. These are informative articles that let you see the pros and cons of different approaches. However, will you read the right ones? All successful in-play bettors have a few key approaches that are based on attention to detail and a few key notions.
In-play betting experts will take advantage of the live streams to watch as many games as possible that they are betting on in-play. Knowing what is happening in a match and then betting accordingly is probably the greatest advantage live betting has over pre-match betting. But, remember football is a game of two halves.
Experienced live betting punters will know this. But in-play betting offers a way to exploit these occurrences in a game. If a team is pressuring heavily and looking like scoring, then you can utilise certain bet types to take advantage of this. Minute markets are one example.
You could, for example, bet on a goal to be scored in the next 10 minutes, if a team is looking like scoring, but you know that team is likely to relieve the pressure in the second half, or is unlikely to go on to win the match. Minute markets are available for things like goals, cards, corners and many more things, so watch the game closely and you can profit from using these bet types. The most used and well known in-play strategy is to utilise the cash out function.
Any online betting site worth its salt will have a cash out function now, which can be used on any in-play fixture and most bet types. We touched on using the cash out feature earlier, which can be used to close a bet early and walk away with the profit. Of course, the profit is based on different factors, like the time remaining and the odds of other events occurring which would cause the bet to lose.
Many punters like to use the function to minimise risk and walk away with smaller profits. For example, one approach is to use your research to find games where teams usually score or concede early or in the first half and to bet on over 1. Most betting sites have partial cash outs now too. Utilising the partial cash out, in this instance you could cash out the profit, while leaving the rest of the bet to play. Again, this is a way of minimising risk. However, almost all the best football betting sites offer some kind of welcome bonus and you can still make them work to your advantage.
Simply signing up and depositing at a bookmaker is usually enough to get the welcome bonus. In the past, many punters would have accounts at all the top betting sites, simply to get their hands on the welcome bonuses. Some bookmakers, like NetBet , offer a standard funds type bonus.
Sounds simple? Unfortunately, most bookies insist that you roll-over the funds at least 3 times. This should be no problem for smart punters, but be aware that the initial deposit is at risk with any welcome bonus.
There are also many other types of sign-up offers that could make you some profit. Some operators will offer free bets, such as the Paddy Power welcome bonus, or there are other unique types, such as the Blacktype. A good mathematical mind is another great attribute to help with successful footie wagers.
As well as enabling you to quickly work out value on the fly, there are a couple of football betting systems that rely almost entirely on a mathematical methodology. The Kelly Criterion is a system that will work out the optimal bet size based on the value offered from a bet.
If you want to go deeper in to this idea, you can read more on the Kelly Criterion on Wikipedia. There are two versions of the method; full and fractional. The first is the most risky since it applies the full suggested amount while the latter uses a fraction of the recommended amount. This is taking the formula we used earlier to work out value a step further by working out the optimal amount to bet on top.
To work out what percentage of your bankroll to bet, you can use the following formula:. Check out the picture above to see the formula put into action. Note that the probability is your subjective probability and not the probability ascribed by the odds. To apply this formula, we must always convert the odds to decimal, which in this case would be 5.
Since Arsenal have many players injured and are in a bad run of form, we fancy Crystal Palace to have a better chance of winning, more like a 0. This means the probability of failure is 0. Taking a fractional approach to this system allows a punter to bet a percentage of the optimum bet recommended by the kelly formula. This approach is obviously more risk averse and helps to protect the budget, but the returns are of course smaller too.
The percentage of the optimal bet amount staked is completely up to the punter and the best plus to this approach is the protection against variance and shock results. This is a well-known one that has come under lots of scrutiny in recent years. Simply put, the Martingale system is doubling up the previous stake on each losing bet.
This is because you would need an extremely high bankroll to start off with and also because betting limits of certain bets may prevent you betting the amount the system requires. If you have a knack for accurately judging perceived value then value betting is an approach that should always pay off in the long run.
Getting value from bets is a key strategy that successful punters employ to make sure they turn a profit over time. Always be on the look out for bets where you think the bookie has made a pricing mistake and take advantage.
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