You might think of the word "strategy" in terms of complex calculation and formula when you hear the word. The reality is that betting strategies are more about maxims bettors have set through experience. If you're just starting out or need to advance your betting acumen in Uganda, using local sites like quick bet ug can be an easy way to use strategies in a local environment.
Good strategies do not ensure success, but they prevent you from making mistakes that others have already done. Bankroll management strategies are especially important, as they assist you in controlling the money you use for betting.
Testing Betting Strategies
Experienced gamblers suggest that one must not employ real money itself while testing a new system. In order to become accustomed to the system, understand how to select matches, and understand the rules, start by testing the strategy on paper or in a spreadsheet. Select matches and decide on the bet size according to the rules of the strategy, but don't place real money bets. Record or track the results in a demo account, then see how effective the strategy was.
If you are successful within one month or longer, consider converting to actual bets. Consider, however, that actual money betting can mentally complicate rational match and bet selection.
⚽ Summary of 9 Famous Betting Strategies
1. Martingale Strategy
Martingale strategy requires you to double your wager following each loss so that you can cover past losses and earn a profit that matches the initial bet. For instance, if you place a bet of 100 units and lose, your next wager would be 200 units. If you lose again, your next wager would be 400 units, and so forth until you win.
In order to achieve a net win, bet on events with a percentage of odds 2.00 or higher. Gamblers usually determine in advance how much money can be lost on bets without hampering their bankroll. Normally, it will not exceed 1-2% of the bankroll.
However, this system has the possibility of losing your entire bankroll when a losing streak catches you. Second, bookies also limit the betting amount, and hence you won't be able to place the amount required.
2. Alternative Martingale Strategy
Modify the Martingale system if you are prepared to bet on odds greater or lesser than 2.00. To achieve this, become capable of computing the size of each subsequent bet considering the odds, loss, and target profit.
Use the formula: (Current loss + Target profit) / (Odds - 1).
For example, if you already bet 100 units and lost, you want your desired profit to be 100 units, and you want to make your next bet at odds of 3.00, do the following calculation: (100 + 100) / (3 - 1) = 200 / 2 = 100 units.
3. Quarter Betting Strategy in Basketball
The Martingale system is indeed used as part of other systems, for instance, in basketball quarter bets. The underlying assumption is that a team never loses all quarters in one game.
Bet on the underdog to get a quarter. If the odds are too low or too high, take a handicap. Double the bet in case of loss for the next quarter. Continue doing this until you win. If the previous quarter was not won, follow the Martingale strategy in the next game.
Experienced players recommend betting on teams with minimum consecutive losses in quarters and choosing matches without overwhelming favorite bias.
4. Ladder Betting Strategy
To bet small amounts with minimal risk, use the "ladder" strategy. The strategy is mathematical, and we place bets on odds between 1.10 and 1.30. Bet small amounts, and if we win the initial bet, bet the whole winnings on the subsequent match. Do this again and again.
Decision beforehand of number of bets (steps) on the ladder. When at the top, start again at the bottom one, keeping the net profit.
Even the shortest odds, however, can eventually lose, and one loss will exhaust your entire bankroll. So, the ladder is not a foolproof betting system.
5. Bets on Favorites in Words
There is an assumption that among all the possible matches, players can select those where it is obvious that favorites will win. These are the so-called "sure" bets with minimal risk. The main drawback is low odds. Therefore, players prefer to combine several "obvious" results in one express bet.
Update this tactic by wagering not just on favorites but on other solid alternatives: total over in a high-scoring game, positive handicap on the underdog, etc.
But never wager on favorites who are overrated, since that gives the bookmaker more of an edge over you.
6. Wagering on Underdogs
On tennis, experienced players bet on underdogs with a positive handicap and categorize wagers on underdogs into the following sets:
- On an unpredictable underdog in women's tennis.
- Against a young player who beat a more experienced opponent last round and who is overestimated by the bookmaker.
- Against a favorite with a lengthy winning streak.
- Against a favorite who plays on an unfavorable surface.
In football, players wager on underdogs in matches:
- When the favorite field a reserve lineup.
- When an untournament-motivated team meets an untournament-motivated team.
- When the favorite is without a key player.
7. Statistical Betting System
There are bettors who place bets solely on sport statistics: corners and free kicks in football, shot attempts in ice hockey, successful serves in tennis. The more popular the sport and the broader the bookmaker's line, the higher the chances of statistical bets.
A great limitation is that the margin on these small markets is very high, and so it is difficult to compensate for the fallibility of estimating probabilities. So, you must be deeply familiar with the sport that you're wagering on to find lucrative statistical wagers.
8. Flat Betting Strategy
The flat betting approach entails betting a consistent sum every time. It has no dependence on odds, size of bankroll, or chance of an occurrence.
This is the simplest bankroll strategy and can serve as a starting point for beginners. Although, since it is entirely static, winning with it is most challenging.
9. Fixed Percentage of Bankroll Strategy
The strategy adjusts bet size based on your bankroll. Typically, players bet 1-2% of the bankroll, and only experienced bettors reach as high as 5%.