Want to know how to win on bets? Then you’ve come to the right place, as there are no bigger and better sports betting experts than our team, and we’ve got your back.
We can help you learn how to win more bets by simply thinking outside the box and taking a different approach to most sports bettors. Below, we’ve provided you with everything from some winning betting picks and advice, to full-bodied explanations of some key concepts that will help your bets.
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What is +EV Sports Betting? A Beginner's Guide To Finding Value Bets
What is +EV Sports Betting? A Beginner's Guide ...
Promoguy Youtube – 19/01/2024
+EV Sports Betting Explained: Hey guys! In this video we run you ...
Promo Guy
2023-06-08 15:16
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If you want to figure out how to win at sports betting, the first thing that you need to do is simple – just change your mindset. The majority of sports bettors use betting as a means of adding an extra element of excitement to the sports that they love watching. However, if you really want to embrace a winning method in betting, you have to start thinking of each bet in terms of numbers, stats, and analytics, among other things. It may sound complex, but when broken down, it’s actually pretty simple.
Value is key
At the end of the day, the most important thing is finding valuable bets that have a realistic chance of winning. Of course, the best way to do this is to first shop around for the best odds and spreads. However, other factors also come into play, including
sportsbook promo codes
and bonuses, and calculating your expected value. We cover all of these points and more throughout this article.
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How can I win a bet easily?
This is the wrong question to ask – what you should be asking is how to win a good bet. It’s easy to win a bad bet, but the key to betting success lies in learning how to win good bets. Confused? Allow us to explain a little further.
Let’s say you’re looking at a one-sided moneyline bet where the favorites are being offered at odds and spreads of -450. If you bet on that team, the chances of you winning are 81.8%, meaning that the bet offers a pretty safe and easy win. However, if you bet $10, the profit that you stand to make is just $2.20. Now ask yourself this – is it worth risking an 18.2% chance of losing $10 for the potential to win just $2.20?
The key to learning how to win at betting every time lies in making smart bets that balance your chances of winning with great potential value. Combine this mindset with your sporting knowledge,
winning betting picks, and you’ve got the perfect formula.
How to win betting – the five basic pillars
What is the
best betting strategy? We’ll get into some more specific strategies and formulae for making winning bets a little later on. However, as we mentioned above, you can go a long way by simply switching your mindset from being more casual, to one of a more shrewd and calculated gambler. Below, you can find our top five tips that should help you to learn how to win on bets more often than you are doing now.
A 100% win rate in betting is nigh-on impossible, the question that you should be asking is
“how can I make a profit in betting over time?”. The first step towards giving yourself the best chance of doing this is to create a simple bankroll management strategy.
First of all, you need to create your initial budget, which shouldn’t be any more than you can realistically afford to lose. You should then set aside a percentage of that budget to use per wager - we generally recommend that you use between one and five percent of your total budget per wager. This is the first step towards tracking and taking control of your sports betting finances.
Use a strategy
Once your bankroll management is set up, you then want to make at least a very basic strategy. Now, we’re not saying that you have to jump right in at the deep end and look into complex betting strategies here. Even if you are a casual bettor who’s looking to make a long-term profit, you need to at least make a plan for what you are going to bet on. Your bankroll management will count for nothing if you are just betting on games impulsively and wind up losing it all.
Make a weekly or monthly plan about the games and events that you are going to bet on. Does that mean that you can’t and shouldn’t bet on any last-minute bets? Not necessarily. If, for example, you are a fan of in-play betting, or find a
betting sure win, simply incorporate that into your strategy - set aside a proportion of your bankroll for that purpose and at least have a loose idea of the game(s) that you might use it on.
Understand the importance of value
We can’t stress enough how crucial gaining a deeper understanding of value is when it comes to learning our winning method in betting. Value is something that we encounter in everyday life. On the face of it, you might think that value is simple to understand – a $1.50 beer from the store offers better value than paying $8.00 for the same beer in a bar, right?
But what if a conference is taking place in the bar where you buy the $8.00, and at that conference, you have the chance to network and get offered a new job with a higher salary than you earn now? Which beer now offers you more value – the cheap beer bought in a place where you have almost no chance of meeting someone who will offer you a new and better job? Or the expensive beer bought in a place where you could have a 50-75% chance of being offered a new and better job?
This is how you need to think about value if you want to learn how to win at betting every time. As well as thinking about the odds and spreads, you also have to think about other factors, including bonuses and the implied probability of each outcome. The key to betting success here is learning the Expected Value (EV) formulae, which is at the core of what we do here and will be explained in detail further down this page.
Understand how the sportsbooks set their odds and spreads
They say keep your friends close, and your enemies closer, and that’s definitely true when learning how to win on bets. The key to finding value in your bets is understanding how the other side works – you need to understand how the sportsbooks function behind the scenes and how they set their odds and spreads.
Assumption is the mother of all errors, and the biggest mistake that most casual bettors make is thinking that odds and spreads are set and shift based solely on what happens on the field. However, what actually matters the most when it comes to sportsbooks’ odds and spreads is what’s happening behind the scenes.
Sportsbooks need to protect their profits, and so they will always have an added percentage across both outcomes known as the overround. They will then move the odds and spreads based on the money that they see coming in on each outcome. If a lot of money is coming in on one team, they will shorten on that team and lengthen on the opponent to balance the books.
Study the sport
So far in our tips for how to win at betting every time, we’ve solely been focused on the betting element. However, it’s important not to forget that, at the end of the day, it’s the sporting outcomes that will ultimately decide if each of your bets wins or loses. While learning and implementing all of the above is essential when it comes to learning our winning method in betting, it’s also vital that you don’t take your eyes off the sport.
If you were already a sports fan before, you now need to become an ultra-dedicated and geeky sports fan. Study your stats like never before, read our
sportsbook reviews, keep up with the news and rumors, and ultimately try to find out everything happening both on and off the field of play that could potentially influence the outcome of your bets.
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The key to our winning method in betting – EV explained
As we mentioned above, Expected Value is key to helping you to win more sports bets, but what exactly is it? The classic way to explain it is by using the count flip. If you were to wager $10 on heads and your friend were to wager $10 on tails, you’d both have a 50/50 chance of winning. Therefore by the law of averages, if you were to flip the coin time and time again, you would both wind up making neither a profit or a loss. This would mean that you have an EV of zero, making it a bet that isn’t really worth your time.
Now let’s say that your friend wants to make it more interesting for you, by offering you a better deal, whereby you still pay your friend $10 if it lands on tails, but stand to win $11 if it lands on heads. What you are now left with is an EV of +$0.50, making it a bet that is more worth your while, as statistically, you would end up with a small profit were you to flip the coin time and time again.
How to win on bets – EV in sports betting
So how does this apply to sports betting and how is it calculated? This is where you need to become more studious and think like a professional gambler. You can start by checking out the
sports betting odds and spreads
and working out the sportsbook’s profit margin. From there, you multiply your potential profit by your probability of winning as a percentage and then subtract it from your potential losses (your stake) from your probability of losing. The figure you are then left with will tell you whether or not you have a positive or negative EV.
A winning method in betting – the conclusion
Before we leave you here today, let’s summarize the key things that we have learned here today. If you want to know
how to make money from home
and how to win at betting every time, the most important thing is understanding the importance of value and how to find it in your bets. In addition to that, managing your bankroll and devising at least a basic strategy is key. Finally, you need to combine these things with your knowledge and understanding of both the sports that you are betting on and the sportsbooks you are betting with.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
The best way to increase your chances of winning at betting is to learn a few tips and tricks of the trade and combine them with some basic strategies. If you want to find a full and extensive guide on how to do this, then join us here at PromoGuy, the sports betting experts. Our
online betting guide
takes you through everything, from studying the sport to the sportsbooks themselves.
✅ What is the easiest option to win a bet?
Everyone wishes that all of their bets could win every time, but not everyone has that kind of luck. If you want to tip the odds and spreads in your favor and win more then follow the extensive sports betting guide here at PromoGuy, where you will learn how to win more. Additionally, you can find the best
sportsbook bonus codes
right here with us.
🤔How do you bet without losing?
Do you want to bet without losing, or place more winning bets? We recommend switching to a positive mindset – which is the first step towards placing more winning bets. Interested to find out more? Then follow the link to our betting guide.
Whatever the sport. Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.
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