With the Martingale betting system, you basically double your wager following every loss. That way, if you lose 3 bets in a row, you could get back to even by winning your 4th bet. If you lost 7 bets in a row, you could get back to even by winning your 8th bet, and so on. Well, yeah, but you need to have enough money to be able to catch up in case you lose 10 in a row — which will probably happen eventually.
NHL betting can be like the roulette wheel. Streaks happen, both good and bad. With the Fibonacci, you try to win what you lost on your previous two bets. As soon as you win a bet, you go back to your original bet size. See the pattern? Basically, the Kelly Criterion means basing the size of your bet on the edge how much advantage you think you have you have on the bet.
Before you can make bets based on the Kelly Criterion, you need to be able to estimate what your probability is of winning a bet. The formula would be: 1. Flat betting means that every bet size is the same. You can do this in a few different ways:. The amount you risk or try to win is based on a percentage of your starting bankroll, which is commonly known as a betting unit.
It takes patience, though. You bet the outside numbers together: If you win, you cross out the numbers. If you lose, you add the total loss at the end of the list. Instead of aggressively pushing forward with each loss, in this system you scale back. It keeps you from losing exponentially and chasing, but it also limits the winning potential.
While negative progression focuses on winning back your losses quickly, positive progression is about building off the winners. This system is relatively easy: After a win, double your bet. Do that three times before scaling back to the original wager size, guaranteeing a positive gains outing. This highly popular wagering strategy includes picking multiple events to hit, with just one wager. On a three-team parlay, for example, you must win all three plays to win your one wager.
You can use our parlay calculator to calculate potential payouts. The Fibonacci offers a numbered system that tells you how many units to bet on each game. It starts as 1, 1, 2, 3, 5, 8, 13, 21, 34 and For each loss, you move up one number on the scale. For each win, you move down one spot. This is a popular system that allows bettors to add opinion to the wager size.
Bets you like the most can garner the higher amounts. You choose how much to bet on each event and stick with it. The ultimate high-risk, high-reward strategy. Obviously, this is not a strategy for the long-term sports bettor. It takes a lot of self control not to chase losses or attempt to win big.
They not only provide a calculated strategy that can maximize winners or prevent major losses, they build in checks and balances to your bankroll. Sticking to the system and leaving emotion out of the equation creates a higher likelihood that goals will be reached. It requires extensive research plus a high level of knowledge for a sport and which stats are most important in determining game outcomes. Pick a sport: Every sport is different and the statistics for each are unique.
The first step is to pick the sport you want to focus on first. Choose the stats: Second is to select the stats that have proven to be conducive in winning in that sport. For the NFL, yards for and against are basic stats that can tell a story. Yards per play, turnovers and turnover differential and team strengths vs. Create a checklist: Once you know the key stats to focus on, you need to create some sort of checklist that helps decide which games are worth further scrutiny.
This is a trial-and-error practice, one that can be changed throughout the process of building a winning system. It can mean putting those picks in a simple spreadsheet and seeing if they hit. Placing small wagers solves that issue and will give you confidence or motivation to further continue the quest. Never stop tweaking: Leagues change, oddsmakers change, everything changes with time.
So too should your system. Updating and evolving ensures you keep up with the power brokers. Each betting system for sports has proven to be successful in certain situations. The goal is to find the one that works best for your betting style and bankroll management strategy. Bet must be placed using real money in combination with the Odds Boost Token. Offer applies to Sport bets only. Customers have 60 days after registration to use the Odds Boost token. Customers who deposit using Neteller, Paysafe, Skrill or Skril 1-Tap will not be eligible for any free bet offer.
New Customers. If first settled bet loses, free bet credited within 24 hours of bet settlement, use within 7 days, Stake not returned. Paypal not accepted.
It covers all the basics, such as explaining the different ways to bet on the NHL and how to read the odds. For those of you that are ready to continue, here is how to build profitable NHL betting tips. Firstly, all your betting strategies must be created in line with a bankroll management plan.
Ensure that you have money set aside specifically for NHL betting. This is why bankroll management and progressively increasing bet sizes is so important. The next step to building a NHL betting strategy is by looking to find value. You need to understand the relationship between the chance of a team winning and the betting odds available.
If the odds are way higher than they should be, there is great value in that bet. There is also the scenario when the underdog upsets the odds and beats the strong favorite. Not many people would think to bet on the underdog…. But experienced sports bettors will. For example, the LA Kings recently beat the Lightning, even though they were priced as a heavy underdog.
Here are the historical odds from Oddsportal:. Making value bets, no matter how uncomfortable you may feel about betting on improbabilities, is the key to long-term success in sports betting. More data is recorded in sports matches than ever before which leads to more accurate and reliable betting systems. However, the key is knowing what statistics are important and which ones to ignore.
Remember, while data is great for sports bettors, sportsbooks also have access to the same information. The reason why most NHL bettors lose in the long run is that cannot use this information correctly. If you want to become a successful sports bettor, avoid the things that the rest are doing.
Collect as much data as possible, store it in a spreadsheet and analyse any trends you find to create unique theories. The more unique, the better as you will found an edge over the sportsbooks. Think of trend analysis as an equation:. Never worry about how much data you collect. Once you have developed a number of betting strategies, you should then back-test them to see if you are on to something.
If your system shows that it can beat results from previous seasons, it may have a good chance of working. Sportsbooks are always updating their own strategies. Another thing to be wary of when back-testing is how far back you go. You need to backtest against at least two or three seasons before a connection can be made. Back-testing is just another step in creating a betting system.
It will only tell you if your system has promise, not that it will be profitable. We have done a whole separate article on back-testing sports betting strategies. The final step in creating a profitable betting system is evaluating it. Some systems may only work for certain periods of the season. Some never actually work! Long-term success from sports betting can only be achieved by testing new ideas and improving existing strategies.
This is because if you alter more than one and you test the theory, you may never be sure what caused a change in result. Following these rules will ensure that you can create long-term and profitable NHL betting strategies. The constant movement is enough without the constant battles with your opponents.
Imagine playing games a week, for the next 6 months or so. This is why the NHL travel schedule is important. If a team is on a 5-game road trip, travelling from city to city after being battered and bruised every night, they are unlikely to have as much time to recover as their opponents that are in the middle of a home streak.
So, the strategy here is rather straightforward:. Then what? Eventually, it will cost you. The Martingale system is sort of similar to the all-in approach, except you get more aggressive when you lose bets instead of when you win them. With the Martingale betting system, you basically double your wager following every loss.
That way, if you lose 3 bets in a row, you could get back to even by winning your 4th bet. If you lost 7 bets in a row, you could get back to even by winning your 8th bet, and so on. Well, yeah, but you need to have enough money to be able to catch up in case you lose 10 in a row — which will probably happen eventually. NHL betting can be like the roulette wheel. Streaks happen, both good and bad. With the Fibonacci, you try to win what you lost on your previous two bets.
As soon as you win a bet, you go back to your original bet size. See the pattern? Basically, the Kelly Criterion means basing the size of your bet on the edge how much advantage you think you have you have on the bet. Before you can make bets based on the Kelly Criterion, you need to be able to estimate what your probability is of winning a bet.
The formula would be: 1. Flat betting means that every bet size is the same.
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