Now that you know the basics, let's look at some specific sports betting strategies that have proven to work when done right. These strategies can help you make smarter betting choices and boost your chances of winning.
1. Hedging Your Bets
Hedging means placing extra bets to cut potential losses or lock in profits. It's often used in futures bets or when you have multiple bets left in a parlay.
When you hedge, you're betting against your original bet. This creates a balanced situation that guarantees a profit no matter what happens. By changing the size of your hedge bet, you can control the amount of risk and potential reward.
For example, if you bet on a team to win the championship and they make it to the final, you can hedge by betting on the other team. This ensures you make a profit regardless of who wins.
Hedging is a great way to manage risk and ensure you get something back from your bets. However, it requires you to carefully consider the odds and how much you stake to get the result you want.
2. Betting the Middle
Betting the middle, or middling, is a strategy that takes advantage of changes in point spreads. You place two bets on the same game with different point spreads, hoping that the final score lands in between, so you win both bets.
To use this strategy, watch for line movements and find big differences 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 offers +10 for Team B, you can bet on both. If the final score difference is 8-9 points, both bets win.
Betting the middle takes good timing and finding the right chances. It can be risky, but the rewards can be high if you pull it off.
3. Betting Against the Public
Betting against the public, or fading the public, means betting against what most people think will happen. The idea is that the public tends to overvalue popular teams and ignore underdogs, which creates good odds for betting against the popular opinion.
Sportsbooks adjust their lines to get 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 other team, creating value for those who bet against the crowd.
To find chances to bet against the public, watch line movements and public betting percentages. If you see a line moving in favor of an underdog, it means the public is heavily backing the favorite. This could be a good time to bet against the public and take advantage of better odds.
Betting against the public requires careful thought and a willingness to go against the grain. By doing so, you can find value in underdogs and potentially make profitable bets.
4. Zig-Zag Theory
The zig-zag theory is a betting strategy often used in NHL and NBA playoff series. It takes advantage of the home team advantage and the shifts in momentum that happen during a playoff series.
In the NHL and NBA playoffs, teams play in a 2-2-1-1-1 format. The higher-seeded team hosts the first two games, as well as the crucial fifth and seventh games if needed. The zig-zag theory uses the idea that teams often play better at home and bounce back after a loss.
According to the zig-zag theory, if 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 good strategy.
Also, when the lower-seeded team wins the first game in the NHL playoffs, they have historically won the second game on the road about one-third of the time. This gives you a chance to bet on the lower-seeded team as they try to keep their momentum going.
The zig-zag theory requires carefully looking at team performance and the specific details of each playoff series. By using home advantage and momentum shifts, you can potentially make profitable bets during playoff games.