Low-risk betting strategies
Bookmakers are divided into two types. Some people want to hit a huge jackpot overnight and bet on high quotes, collect long express bets with odds of 100 or even more. The risk of losing such a bet is simply enormous, 99% +, but this does not stop adrenaline lovers. Others, on the contrary, seek to reduce risks to a minimum and choose only the most likely options for bets. How to reduce risks in sports betting? Let's talk about this today.
What are low-risk game strategies for?
Primarily in order to win more often and lose less often. A high pass rate is much safer for the bankroll, and such a game drains the bettor's nervous system much less. Of course, you have to forget about big jackpots, but for the second type of players, reliability is a priority.
The concept of “risk” in our context is the probability of losing a bet. The lower it is, the lower the risks. Each bet, even “victory 1” in the match between “Real” and “Shinnik” carries certain risks, so you cannot do without them at all. But to reduce them to a minimum is quite possible.
Risk reduction can be achieved by using:
- Reducing the number of bets;
- Decrease of the played quotes;
- Reducing the size of the bet;
- Use of special game strategies.
Obviously, the higher the odds, the higher the risk of losing the bet, that a single bet is less risky than a multiple of three or four events, and the probability of being left without a bank when the all-in bet at 40.00 odds tends to 100%. Below we will discuss in what specific ways you can reduce the risks, what are the pros and cons of each method.
Ways to reduce risk in sports betting
The main and easiest way is to play at lower odds. Odds of the level of 1.90 most often have a loss probability of about 50%, as well as a win. If you lower your average odds to 1.70, you will win more often - about 60% of the time, and the risk of losing will drop to 40%.
At the same time, you should not flirt with very low odds. There are risks and disadvantages of a different property, we discussed this issue in detail in one of our materials. The optimal level of odds is from 1.65 and above, within reasonable limits.
Other options:
- Reduce your bids. The chances of a critical downstream for the bank will immediately drop sharply, and with them your chances of tilting and starting to take rash actions will also drop. If, for example, you bet 3% of the bank, then for a week, with one bet per day, in the worst case, you will get a drawdown of -21%. In this case, a whole week will pass, during which many events can occur in other areas of your life. This will smooth out the impression of the drawdown. If you put 10-15 bets daily and everything went wrong today, then you can lose a much larger part of the pot, and in one day.
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An important clarification: if you have a confirmed positive model of the game, then this method does not quite suit you. In this case, on the contrary, you should make as many bets as possible and reduce risks in other ways. Otherwise, you will simply lose part of the profit.
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- Reduce the percentage of the bank by one choice. If you bet 1% of the bank instead of 3%, then, of course, you will also lose exactly three times in profit. But at the same time, the risks will also decrease proportionally. It is almost impossible to lose a bankroll quickly with a flat of 1% with a reasonable number of bets per day and normal odds.
- Use conditionally win-win game models, for example, arbs or bonus hunting. We have discussed these types of betting more than once, and in fact, there are certain risks there too. However, they are not comparable to the 50% probability of losing a bet with an average odds.
- Use incomplete arbs, anti-corridors and corridors. These strategies also have certain risks, but they are decently reduced by themselves by the conditions of the strategies. In addition, by playing with incomplete surebets, anticorridors or corridors, you have the opportunity to independently regulate their riskiness. The gaps in them can be narrowed to one basketball point, which will bring the probability of winning as close as possible to 100%.
- Use scalping or hedging tactics. We also had separate materials on these topics, if interested, then check out. The bottom line is to control each of your transactions in live, and exit it in time, either with some profit, or minimizing the loss.
- Play “for other people's money”. In the sense that you always withdraw your initial deposit when you achieve at least some profit, preferably even with a small percentage. Any financial strategies are suitable here, even catching up, even a ladder, it is important only at a certain moment to take your money out of them and continue the game with the funds already won. There is, of course, the risk of losing at the very beginning, but with a reasonable approach, it is not so great.
Conclusion
All of the above methods are not a panacea, and not a way to win 100% at bookmakers. They only reduce risks, that is, the likelihood of losing both a single bet and, in general, losing money over a distance. There is no risk-free betting, this is the first thing that every novice bettor needs to learn.
The better you calibrate this parameter, the less often you will lose, the less you will lose from each bet, and the longer you will maintain your bankroll in prolonged drawdowns, which are bound to happen. Of course, risk is a noble business, but you definitely shouldn't go down to the 1.20 level ratios. In everything, as in betting, balance and the concept of the appropriateness of the decisions made are important.