You might be wondering, “What are betting strategies that have no chance of winning?” If so, then this article will explain. Listed below are some of the most common betting strategies with no chance of winning. You can try one or a combination of these strategies. You might even have better luck if you focus on just one sport. For example, NFL prop betting is much easier if you focus on studying line movement and trends of the game.
Fading the public is betting the opposite of the public. Usually, the public bets on the favorite team. Therefore, the sportsbooks move the line in favor of the underdog team to attract more bets. Identifying cases when the public is pushing the line in one direction gives the smart bettor an advantage. This can lead to extra points on the point spread or pennies on the dollar when betting on the moneyline.
The negative progression strategy is also known as the Oscar’s Grind. In this betting strategy, you start by betting a single unit and increase your stake after every loss. Then, after every winning streak, you repeat this process. However, you must keep track of the overall winning percentage of the bets. Otherwise, you could end up losing all your money and no chance of winning. For this strategy, you need to keep track of the odds of the game and bet only on those that have the highest chance of winning.
The first tip for betting on sports is to set a budget and stick to it. Decide on how much you can afford to spend. Make sure to spread out your bankroll evenly to avoid spending more than 5% of it on a single wager. Remember, that 1% to 5% of your bankroll is a good rule of thumb. Refilling your bankroll only when your finances allow is a good strategy.
Lastly, a good betting strategy is to look for price comparisons. This is similar to building a diverse portfolio in the stock market. The more diverse your portfolio is, the less damage you will sustain during a bad stretch. Small stakes like $2 can withstand an early cold streak. One of my favorite betting strategies is called Sports Insights, which generates five to ten plays per day with an expected 54-55% win rate.
Several betting strategies have failed miserably, yet they are still viable in the short-term. A reasonable betting strategy is to bet less than 2% of your bankroll on each bet. Other strategies include betting on the banker’s hand in a hand game, taking the odds in craps, or betting on even money in French roulette. By using these strategies, you reduce the risk factor. Similarly, other risky betting systems are the Martingale and Labouchere systems. The Oscar’s Grind betting strategy is the safest betting strategy since it doesn’t increase your wager after a loss.