Tips and Strategies for Winning on Bet Platforms in 2024
There is no working formula for winning bets and seeing greens on your slips now and then. Of course, you can explore some strategies to maximize your profit but this does not guarantee that you will never make losses.
You are more likely to make losses when you are testing out new betting strategies to find out which one is perfect for you. Gambling is a game of chance and the probability of winning does not depend solely on past statistics—some unforeseen situations may also affect your games.
However, there are tips and strategies you can adopt to win consistently on betting platforms and potentially draw down on your losses. Kindly note that you may need to change or tweak your style of betting to make the most out of these techniques.
Now let’s dive in and get you on the path to big and continuous wins.
Best Betting Tips and Strategies that Work
It may take some time and of course, effort to find the best betting strategy for you. You will need to do a series of research and experiments to test what you have learnt so far. Depending on how you bet and what you expect, however, you can adopt strategies from the list below:
Create and stick to a staking plan
This might seem unnecessary but creating a staking plan for yourself will really help you in managing your money in the long run. When you create a staking plan and stick to it, you will not be able to place bets with amounts you are not comfortable losing.
If you plan to stake a maximum of N1,000 per game, stick to it and make sure you do not place any bet with any amount greater than this. This will help you cultivate discipline and accountability in your betting journey.
Pick a niche
As much as selecting games across different sports has its own perks, there are also drawbacks associated with it. In some cases, you may end up selecting games in sports that you are not very familiar with and lose your money because you do not properly understand it.
While picking a particular sport to work with, it is also important that you find out the options you are very good at predicting too. It could be overs/unders, moneyline, player props, corners, bookings, etc. Whatever it is, just try your best to stick to it when creating your bet slip.
If you are not sure which options are your forte, you can select a variety of options that you understand and work well with, add them to a single bet slip and stake a very little on it. Doing this a couple of times will eventually reveal your niche, and you can go for it.
Do away with insignificant odds
In betting, smaller odds indicate an increased probability of winning games but relying on this fact could become a disadvantage for you. Gambling involves upsets whereby teams or players given larger odds end up winning favourites with insignificant odds.
Personally, I do not add games with odds less than 1.2 to any bet slip I create—and this has worked for me so far. I believe that going for significant odds may not necessarily improve your chances of winning, but may help cut down on the possibility of upsets.
Draw a betting plan
Do you want to bet every day? Twice in a week? On weekends? Draft a plan indicating the periods you want to be gambling and how frequently you want to. I have come across people who have an average of 30 open tickets every morning with nothing to show for it at the end of the day.
If you are just starting, I’d advise that you stick to a maximum of 2-3 tickets every day, with each ticket not containing more than 4-5 events.
See betting as a fun activity
Betting should be primarily seen as a fun activity—making money with it should just be extra. You need to dump the mentality of having to make it big through gambling if you really want to hit it big through gambling. The moment you start seeing betting as the only ticket to a good life is when you start getting it all wrong.
While betting, it is important that you have a main hustle so you don’t spend all your time behind the screen searching for the best odds across several platforms.
Review your betting history periodically
From time to time, go through your betting history, not only to see your mistakes and how you can improve but to also see if you are sticking to the staking plan you have created. Sometimes, you may have exceeded your plans without even realizing it until you go through your betting history.
Also, check your bank transaction history. See how much allocation is going to your bet account daily, weekly or monthly. If you are comfortable with the losses, you can go ahead. However, if you realize that you are losing too much, it may be time to take a break.
Take breaks & don’t chase losses
Many bettors fall victim to their losses, chase them and end up losing more in the process. This is why a betting plan is important—to keep you in check even when you win or lose.
However, if you are already losing more money than you can beat, I advise that you take a break. Taking breaks in betting is very important for your psychology as well as your finances.
Don’t bet with your heart
You may be tempted to let your emotions take the wheel when placing bets. Just because you love a team or player does not mean that they will win every match or game they play. Remember to do enough research and work with statistics and H2H records when placing such bets.
If the inference from your research is that your favourite team or player would lose and you are not comfortable with it, then you might want to leave the event out of your bet slip for your own peace of mind.
Be realistic
Betting comes with a lot of euphoria and you may end up feeling like you will win every game you play. Of course, no one bets knowing that they are going to lose. However, being realistic will help you know what risks to take and if they are really worth it.
