Sports betting is an area in which mathematics and the ability to manage finances play a big role. It is necessary not only to understand sports disciplines and collect information about championships, leagues, clubs. Equally important is the observance of strict discipline in the management of the game bank in a tactical and strategic perspective. Sports betting schemes are conditional models of financial management in gambling. They will not provide mandatory winnings, but they will help to avoid an annoying bankroll drain. The use of such schemes is a mandatory skill for a player who plans to make a profit from sports betting at a distance. If you like bettin you may try casino promotions.
Sports betting is a multifaceted activity. To achieve success in betting, it is not enough just to understand the specifics of a particular sports discipline. Systematic thinking, the ability to plan in the short and long term, and implement various mathematical and financial models play an equally important role.
This material is devoted to the analysis of the most popular schemes in sports betting. By themselves, they are not the key to successful betting. But in order to better understand the essence of the game in a bookmaker’s office, to understand the mathematical measurement of bets, you need to have at least a general idea about such schemes.
What is a betting scheme and how does it differ from a strategy?
In betting, the categorical apparatus and slang are not precise, and many concepts are used with different meanings. When it comes to the words “strategy” and “scheme”, most often they are considered as synonyms.
But we will draw a dividing line:
Strategy – a long-term betting plan focused on getting a stable profit over a distance. It includes not only a financial and mathematical model, but also analysis of sports events, value betting, statistics analysis and much more.
A scheme is precisely a mathematical model in which the numerical measurement of betting plays a basic role – odds, probabilities, bet amounts.
Obviously, strategy is a broader concept. The betting scheme can be included in one or another strategic plan as a technical, tactical means of achieving short-term goals.
Sports betting schemes, which we consider below, are formally divided into two large blocks:
Financial models that help implement long-term strategies. These are schemes for managing a game bank as an investment in long-distance betting. This includes concepts such as flat, fixed percentage, Kelly criterion, etc.
Purely tactical schemes – different types of catch-up, forks, corridors, etc. Such models are often designed to be successful over multiple wagers. That is, they cannot be called strategies in the general sense. Moreover, to implement many of these schemes, you don’t even need to understand the sport you bet on.
There are many materials on the net that analyze the specifics of such models. We have compiled them into a single guide so that the reader can cover the full range of possibilities and choose options that are interesting to him.
Sports betting financial schemes – what are their benefits?
Financial, mathematical models in betting are the formal side of the game. But understanding it is useful for various reasons:
- A better understanding of the nature of betting quotes. It is useful for a beginner bettor to read about different sports betting schemes in terms of education. There is no need to immediately try to implement them. Understand how the odds of bookmakers are formed, how they reflect the probabilities of outcomes, how they correlate with each other.
- Increasing financial discipline. Sports betting schemes pose an important problem for a beginner – to learn how to rationally distribute a bankroll. The study of such tactical models gives an understanding that the choice of the size of the bet is the most important element when playing at a distance.
- The study of the nuances of the betting painting. Many schemes are focused on specific betting markets. For beginners, it is useful to learn as many types of markets as possible before choosing a strategy and proceeding with its implementation.
Basic Schemes Every Player Should Know About
To begin with, let’s dwell on the key financial management schemes that underlie the management of a gaming bankroll when using long-term betting strategies.
Flat – play carefully but confidently
The word flat is translated from English as “flat”, “smooth”, “straight”. Already from the meaning itself, you can understand the specifics of this tank management scheme in sports betting. In some cases, flat is even used in the meaning of “sluggish”, “calm”.
The disadvantage here is that it is too conservative. With a fairly successful choice of rates, you can count on just a few percent of the profit over a considerable distance. And if there is a drawdown, going into the red, then winning back will also take a lot of time. Then the profit will have to wait a very long time.
The advantage is that the player is protected from instant bank drain. Therefore, flat is recommended for beginner bettors. Even if you fail to earn money, invaluable experience will be gained without losing large sums of money.
Fixed percentage from the bank – we focus on our own achievements
In this scheme, too, everything starts with choosing the bet size, which corresponds to a certain percentage of the initial bankroll – approximately 1-3%. But after calculating the first bet, then we put not the same amount as it was in the flat.
After winning or losing, the pot will change accordingly. Now we take the same percentage of its current size. That is, if the bankroll grows, then the amount of each bet increases. And vice versa.
The downside is that with a drawdown, the bet sizes decrease, which means it becomes more difficult to recoup. The process of returning to the initial level can take a long time.
Plus – a beginner will not quickly merge all the money. Therefore, this scheme is recommended for beginners. Although it may well be suitable for successful bettors who are steadily building up the bank thanks to a qualitative analysis of sporting events.
Catching up schemes – bets for those who are far from sports
If the schemes described above require the player to have a good understanding of the sport and the specifics of bets, then the tactic of catching up is akin to playing in a casino. You can not know anything about sports at all and bet according to schemes of this type.
In pursuit, the principle prevails:
Of the two opposite events, the probability of which is approximately equal, each will occur at one time or another with a constant repetition of iterations.
Based on this, you need to constantly bet on one of the two choices until the next bet comes in. The amount of each next bet increases enough to cover previous losses and make a profit.
Most likely, catch-up was invented specifically for playing in a casino on roulette for betting on “red / black”. If you constantly choose one color, in the end you will win. Just double your bets on each next step and you will be in the black.
But there is an interesting catch here. An equal probability of occurrence of conflicting results is that for each step separately. There is no pattern for the manifestation of one of the outcomes in the series. It is likely that 10, 15, 20 times the opposite of your option will fall out.