Other Bets Props and Futures Some other fun bets that can be made on basketball include prop bets and futures. How To Bet News. Handicapping Your Basketball Bets When oddsmakers set the lines, they take many factors into consideration. If you have even one loss, you lose the entire bet. On the other hand the Magic must either win outright or lose by 3 or fewer points for a Magic spread bet to payout.
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Well, in order to make a profit from betting long-term you must bet with value. It doesn't matter if the next 10 tips win or lose, as long as they have value then there will be a profit over many months. Here's the problem: once word gets out about a winning tipster and follower numbers increase, value is eroded as more people scramble for the best prices and nobody makes as much profit as before.
The only way to prevent this from happening is for tipsters to limit the number of their followers. We have had to do this with our Trade Your Bets site which is closed to new members almost all of the time. However, you can join our waiting list and we'll let you know when places become available.
If only all tipsters understood the risk and did this! What is the alternative? It's safe to say that there are far more people trading football for a living than betting. I wouldn't say it's easy and there's a lot to learn but, once you have some experience of using Betfair football trading strategies, a whole new world of opportunity opens up without having to rely on tipsters.
Think about it Bookmakers create their own market models based on these and offer odds from them. A very simplified example of this would be, if 2 teams are playing, and both of them have been involved in games that had 3 goals or more in their last 3 games, then the bookmaker would logically reduce the odds they offer on that game being over 2.
The big problem for the bookmaker is how much to adjust their odds based on the historical statistics and recent form. If their model is wrong, then we can find the inefficiencies in their model and can bet on value odds that will beat the bookmaker margin over the long term. Very simply put, we want to bet on matches where bookmaker odds are being offered above their true value. Betaminic has a tool, the Betamin Builder, that helps find those inefficiencies in bookmaker models trends of value odds that can make profit if followed long term.
You can beat the house if the house odds are wrong. Description of the Over 2. If you bet on every game in certain leagues where both teams have not played in games with 3 or more goals in their last 3 home or away matches, then the next fixture is likely to have upwardly adjusted odds which become value odds above their true value. This strategy wants to take advantage of those odds Read more about this concept by clicking here Basically, the recent streak suggests an under 2. The odds for the next game being over 2.
But we are betting against the short term trend and the next game was indeed a away win for Real Valladolid with 3 goals scored in the game, so the over 2. This match was indeed selected by our strategy and had odds of 2. We can see how the opening odds were 2. Many punters must have seen the recent form and decided that this game was likely to be an under 2.
Indeed, that may be the case since the odds for over 2. By value, we mean that consistently betting on such matches long term, we have a chance for profit since the odds are above their actual probability. You can follow this strategy easily with this simple guide. Opening and Closing Odds Betaminic uses the opening odds to filter matches as strategy selections or not.
We then use the closing odds to calculate the profit and loss. The reason for this is because the opening odds are the best reflection of the bookmaker model before it gets pushed around by open market forces. The opening odds often change quite quickly and it is unlikely that users will be able to get these odds after they have been published for a few hours. We use the closing odds to calculate profit and loss for a strategy since these are likely to be closer to the actual market odds available at most bookmakers close to Kick Off.
This means you can place the bets at almost any bookmaker and the strategy will still work since the closing odds are likely to be close to the open market average odds near Kick Off.