Betting Ninja reveals a few betting strategies
Although there’s always an element of risk involved in betting, this doesn’t mean that there isn’t anything you can do to improve your chances of success. Have a read through our betting strategies before betting with one of the sites recommended by Betting Ninja, and you’ll find that you’ll be able to bet with more confidence the next time round!
Key betting tips by bettingninja.co.uk
Developing a sound betting strategy requires time and patience, but the results can be truly rewarding! Although our betting tips are intended to serve just as an introduction, Betting Ninja hopes they will help get you started by making you think more wisely about your strategy:
Bet on the underdog and go for live betting
In a lot of betting markets, the odds on underdogs, or the least favourites, provide much better value. Initially, you may be tempted to bet on the most popular team or on the team you support, and so will the majority of people. For this reason, sportsbooks offer unreasonably low odds on the favourites, which result in fewer returns. Our top tip for betting on an underdog is to take advantage of live betting, since this can give you a better indication about whether the underdog has a chance of winning, enabling you to get favourable odds before these change.
What’s more, you can also hedge the bets you place before the match by betting on the underdog before the match then backing the opponent during the event itself, once the odds on the favourite have changed due to the underdog’s strong performance. This strategy works best for matches on which there are only two potential outcomes, such as tennis and boxing, and in this way some bettors can secure a profit no matter what the outcome is!
Betting Ninja recommends arbitrage betting
Arbitrage involves backing all the possible outcomes of an event in order to take advantage of the difference in sportsbook odds. This is best explained by means of an example such as the below:
Imagine that Betting site A offers odds of 2.1 and 1.8 on a tennis match between X and Y. On the other hand, betting site B is offering odds of 1.9 and 2 on the same match.
Now imagine you bet £100 on X at betting site A and £100 on Y at betting site B, and you therefore spend £200 in bets.
If X wins the match, the bet with betting site A will pay out £210, generating a profit of £10.
If Y wins the match, your bet with betting site B will pay out a return of £200, which means no profit but no loss either.
In this way, you’ll make sure that in the end you’ll either break even or else earn a profit of £10.
Have patience… and a budget.
Of course, it’s not always easy to find arbitrage and hedging opportunities such as the ones described above, which is why betting requires patience, as well as a budget to make sure you don’t lose more than you can afford to. So make sure you take your time to shop around for the best betting opportunities, and bet wisely with the online sportsbooks recommended by Betting Ninja!