Thursday, May 14, 2009

Betting strategy

What is betting strategy? Generally, these are methods thanks to which we can minimize the risk present in bookmaker bets, thanks to which we will start to gain profit on the bets. A betting strategy or betting system is a structured approach to gambling intended to counter the inherent bias held by the house in casino and card games and by bookmakers in horseracing and sports betting. A successful strategy should increase the odds of winning in order to produce long term profits from a pursuit which under normal circumstances will only ever result in a long term loss.

There are numerous systems, some are more and some are less efficient. Some require considerable knowledge on given sports field, others practically none – basing purely on probability and mathematics. Some require greater financial back-up, others smaller. What everyone needs to remember, however, is the fact that there is no 100% successful system, foul-ups or losses occur. However, if you apply the chosen system over a longer period of time, despite losing, possible losses are covered and you start earning.

The most established betting systems includes Martingale (doubling bet after each loss until a win is achieved), Card counting, Hedging, Arbitrage, Surebets (risk free? based upon differences in bookmakers odds), Handicapping.

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