Sports have been around for as long as humans have been coming together in communities. Competing for glory, money, or fame seems to be an inherent drive in people, and some get the opportunity to reach the big leagues, to become the most notable football players in the world.
Others are content just to watch and cheer on their favorite players, teams, or clubs. Yet, even the fans have found a way to compete among each other. We are of course referencing sports betting. Online businesses like the Novibet sports betting website have made wagering a lot more accessible, which has led many to question; are there any strategies I can incorporate when betting on sports?
Betting strategies
The first thing to note is that sports betting is largely based on two factors: odds and luck. Odds are statistical representations of a club’s chance to win the game. For example, if Benfica is playing against Sporting CP, odds makers will go over their history and current standing, and attempt to deduce which club will win the game.
Sometimes, the two clubs may be evenly matched. At that point, victory is really up to luck. Or rather, external factors. Perhaps the players on one team are not feeling their best? Maybe the weather is negatively affecting the goalkeeper of the other club. All of these factors are beyond anyone’s control, but do have an impact on the game’s conclusion.
If you’ll notice, both of these factors are outside of bettors’ control. Meaning, there is no amount of strategy that can change the outcome here. So, where do betting strategies come in? Well, it is right there in the name. The strategies come into play when you actually decide to place the bet.
Progressive betting
Knowing when to bet, how much (or how little), and by how much to increase your next wager could all be said to be a part of a strategy. Indeed, gamblers in general have been formulating “betting” strategies for as long as casinos have existed. These strategies could just as easily be applied to sports betting.
One of the most popular types of betting strategies are progressive betting tactics. As the name suggests, the idea here is that punters increase each subsequent wager, at least until they win once. Then, the whole process repeats all over again. The most popular progressive betting strategy is the Martingale.
Martingale strategy
The Martingale strategy is, surprisingly, quite simple, and any punter could learn it quickly. However, knowing when to apply it is a different matter altogether. So, “just what is the Martingale strategy?”, you may be asking. Allow us to explain.
The concept is quite simple, you start out with a relatively small wager, let’s say 5 Euros. With each loss, you double your wager, and this goes on until a win. The idea is that, in the event of a victory, the bettor would not only earn back the cash they’ve lost, but also a little something extra.
The important thing to remember is that betting strategies like the Martingale or Fibonacci, don’t increase your chances for a win. So, use them responsibly, so you avoid falling prey to compulsive betting or problem gambling.
