Gambling Strategies: How to Profit from Betting
Whether you enjoy betting on sport, playing casino games, or dabbling in online bingo, you will have dreamed of winning enough money to quit your job and retire to a life of luxury.
While most people will never achieve that goal, it is certainly feasible to make a regular profit from your gambling activities if you employ the correct strategy.
Self-discipline plays a crucial role in this, and if you can follow the right plan you will be well on your way to generating a healthy secondary income.
Taking a scattergun approach to gambling is a recipe for disaster, but sticking to a well thought out strategy in an area you are hugely familiar with can make a big difference.
Knowing which strategy to follow certainly isn’t easy, with the online gambling sector packed with tips and guides that can vary hugely in quality.
However, we have worked hard on your behalf to come up with some gambling strategies that we believe will improve your chances of securing regular winnings.
Use Offers & Promotions
The majority of companies in the gambling industry use sign-up bonuses and ongoing promotions to ensure that they attract new customers and retain their existing clientele.
For example, there is a wide range of bingo offers on sites such as Wink Bingo that you can utilize to increase your chances of winning significantly.
These can include matched percentage bonuses on your initial deposit, free spins to use on slots, and cashback offers for regular players.
It is a similar story elsewhere, with many sportsbook and casino operators using deals such as free bets or matched deposits to encourage you to play on their sites.
These types of offers effectively give you more money to gamble with and thus increase your chances of making a profit.
Whichever particular gambling genre takes your fancy, always make sure that wherever you play offers competitive welcome deals and further promotions once you have signed up.
Always check the wagering requirements attached to the offers to make sure that you can unlock any profits you make in a timely manner.
Using offers and promotions doesn’t necessarily guarantee a profit, but it does give you more ammunition to try and secure those all-important winnings.
Drawn Games & the Martingale System
The Martingale System is more commonly associated with roulette, but it can be successfully adapted to work within the sports betting arena.
The strategy requires punters to place a single bet at odds of Evens or greater and double their next stake if their selection loses. This continues until a winning bet is placed, at which point the mathematics behind the system will have guaranteed a winning return.
The Martingale is an ideal strategy to use on matches to finish as a draw in football, particularly with the odds of that outcome usually set at 2/1 or greater.
For instance, you could have bet £10 on Leeds United to draw their first match against Liverpool during the 2020/21 Premier League season. They lost that game before winning the next two, so your subsequent bets of £20 and £40 would also have been unsuccessful.
However, your £80 bet on a draw for their next game against Manchester City would have been a winner as the match ended 1-1.
Assuming odds of 2/1 for each game, your return would be £240. In this scenario, your profit is £90 (£240 – £10 – £20 – £40 – £80). You then revert to your original stake and begin the process again.
Matched Betting
Matched betting is a strategy that uses free bet promotions offered by online bookmakers and turns them into real money by manipulating betting exchanges to your advantage.
For example, a bookie has an offer of ‘Bet £50 to Get £50’ in free bets. Make a selection at odds of 2/1 or higher and stake your £50, before laying it on a betting exchange at the same price.
This will ensure that you neither win nor lose on the wager, regardless of the outcome. You will then receive your free bet offer which you can use to place another wager.
Stake the £50 free bet on a selection at odds of 2/1 or higher with the bookie and lay £50 on the betting exchange at the same price.
If your selection wins you receive £100 from the bookie, but lose £50 on the exchange. This will give you a profit of £50.
If the selection is unsuccessful you win £25 from the exchange and lose the free bet with the bookie which costs you nothing in the first place.
Using free bet offers across different sites can generate a steady stream of income – all you need is the time it takes to find the deals!
Live Betting & Big Favourites
The introduction of live betting (also known as in-play betting) has transformed the gambling industry over the past few years.
If used effectively, in-play markets can be used to extract better value from teams who have a high winning percentage in home matches.
For instance, during the 2018/19 National Hockey League season, Tampa Bay Lightning won 32 of their 41 home matches. In most of those games, Tampa Bay would have been short-priced favorites to win, making it difficult to extract any value from the odds on offer.
An example of how live betting could be leveraged to your advantage can be seen from Tampa Bay’s home game against the Florida Panthers. Lightning was priced at 1/2 to win the match, meaning that a £100 bet would have returned £150 if they were successful.
The first-period goal by Jacob MacDonald put the Panthers ahead, at which point the odds on a Lightning victory lengthened. Professional punters view this type of scenario as the ideal time to wade in, on the basis that the home team should be able to battle back.
Lightning eventually recovered to win the game 2-1, highlighting how striking at the right moment can help you obtain much better value on your sports wagers.
