Now that we've covered the basics, let's explore some specific sports betting strategies that have been proven to work when properly applied. These strategies can help you make more informed betting decisions and improve your chances of success.
1. Hedging Your Bets
Hedging is a strategy that involves placing additional bets to minimize potential losses or lock in profits. It is commonly used in futures bets or when you have multiple bets remaining in a parlay.
When hedging, you bet against your original wager, effectively creating a balanced position that guarantees a profit regardless of the outcome. By adjusting the size of your hedge bet, you can control the level of risk and potential reward.
For example, if you have a futures bet on a team to win the championship and they make it to the final, you can hedge your bet by placing a wager on the opposing team. This ensures that you will make a profit regardless of which team wins.
Hedging is a valuable tool for managing risk and ensuring a positive return on your bets. However, it requires careful consideration of the odds and stake sizes to achieve the desired outcome.
2. Betting the Middle
Betting the middle, also known as middling, is a strategy that takes advantage of line movements in point-spread bets. It involves placing two bets on the same game with different point spreads, creating an opportunity to win both bets if the final margin falls within a specific range.
To execute this strategy, you need to monitor line movements and find a significant difference in point spreads between different sportsbooks. By betting on both sides of the middle, you create a "window" where both bets can win.
For example, if one sportsbook offers a point spread of -7 for Team A, and another sportsbook offers +10 for Team B, you can place bets on both sides. If the final margin falls within the range of 8-9 points, both bets will win.
Betting the middle requires careful timing and finding the right opportunities. It can be a high-risk, high-reward strategy, but when executed successfully, it can result in significant profits.
3. Betting Against the Public
Betting against the public, also known as fading the public, is a strategy that involves placing bets against the majority of public opinion. It stems from the concept that the public tends to overvalue popular teams and overlook underdogs, creating favorable odds for betting against the public sentiment.
Sportsbooks adjust their lines to attract balanced action on both sides of a bet. When the public heavily favors one team, the sportsbook will adjust the line to encourage more bets on the opposing team, creating value for contrarian bettors.
To identify opportunities for betting against the public, monitor line movements and public betting percentages. When you see a line moving in favor of an underdog, it indicates that the public is heavily favoring the favorite. This presents a potential opportunity to bet against the public and take advantage of inflated odds.
Betting against the public requires careful analysis and a contrarian mindset. By going against popular opinion, you can find value in underdogs and potentially make profitable bets.
4. Zig-Zag Theory
The zig-zag theory is a betting strategy commonly used in NHL and NBA playoff series. It takes advantage of the home team advantage and the momentum shifts that occur throughout a playoff series.
In the NHL and NBA playoffs, teams play in a 2-2-1-1-1 format, with the higher-seeded team hosting the first two games, as well as the crucial fifth and seventh games if necessary. The zig zag theory capitalizes on the concept that teams often perform better at home and bounce back after a loss.
According to the zig zag theory, when the home team loses a game, they are more likely to win the next game, especially in the NBA where no team has ever come back from a 0-3 game deficit. This theory suggests that betting on the home team after a loss can be a profitable strategy.
Additionally, when the lower-seeded team wins the first game in the NHL playoffs, they have historically won the second game on the road one-third of the time. This presents an opportunity to bet on the lower-seeded team as they strive to maintain their momentum.
The zig zag theory requires careful analysis of teams' performances and the specific dynamics of each playoff series. By taking advantage of home court/ice advantage and momentum shifts, you can potentially make profitable bets during playoff games.