Low Odds Betting Strategy
If you’ve spent even a little bit of time looking up sports betting strategy or guides to online betting, you’ve probably come across the notion that low odds betting strategy are the best way of making profits in the long run. How so, you might be wondering? And how does one make use of this principle? Keep reading to find out more. If you want to find bookmaker with big betting limits and bonuses, check best crypto sportsbooks in 2020.
What are Low Odds in Betting
Contrary to the usual meaning of low odds, in the world of betting this term is used to signify something that has a high chance of coming true. The “low” part just means that you won’t get a big return for betting on this sort of outcome. To avoid any confusion, the term “short” is often used in place of “low”.
Essentially, the idea is to make relatively “safe bet”. That means relatively small returns compared to your stake, but with an increases chance of actually winning the bet. Bets with odds of between 1.20 and 1.40, with some punters going up to 1.60 odds, are generally considered short odds betting or low odds.
Now, professional punters love this approach. The reasoning is simple. Pros rely mostly on statistics when determining how to bet, and statistics favour small profits over a large number of individual bets. Most of the betting theories confirm this notion.
That said, there are some advantages and disadvantages to low odds betting. Let’s start with the pros:
- As said, you are statistically more likely to see positive returns over a long period.
- Not having “all your eggs in a single basket”. Low odds generally means that you’re making a lot of separate bets. A bonus is that, if one of your bets happens to lose, it’s no big deal. The idea is to win more than you lose, not win all the time.
- Easier to find opportunities. A glance at the odds can often be enough.
Now, let’s look at some cons of low odds betting:
- Losses hurt more. If you lose one bet, it might take 2 or 3 winning bets just to even out, if we assume all of these were low odds.
- Requires more time. If you’re making a lot of small odds bets, you have less time to devote to research and figure out if every single bet is a valuable one.
With all that in mind, you should have a clear picture if low odds betting is for you or not. If the answer is yes, let’s take a look at some low odds betting strategies and tips.
Low Odds Betting Strategy: which bets to take and why?
Now, there is no real specific step-by-step guide to low odds betting. Just keep your odds short, bet big on low odds and make a lot of bets – and that’s it. However, there are some pointers we can give you to make low odds betting system and strategy more viable.
First of all, don’t automatically assume you can take all low-odds bets just because they are theoretically likely to succeed. As we said, a single loss can set your bankroll back substantially, so you need to make sure that the probability of the outcome you’re backing is high as well. Ideally, you want it to be higher than the odds imply – which is what value betting is all about.
Secondly, there is such a thing as too low odds. Backing a bet with 1.08 is technically extremely low odds, true. But at this point, you should be asking: what am I even risking my money for? Some bets are not worth taking, even if they’re almost sure to win.
The concept of value betting on small odds tips and strategy comes up again: if the odds offered by the bookie do not accurately reflect probabilities, that’s a terrible bet to make no matter how safe it may seem. You have to understand value betting not only so you can take advantage of it, but also to avoid bad betting offers.
Best Staking Plan for Low Odds Betting
Since you’ll be making a lot of separate bets, it might be a good idea to use a pre-determined low odds staking plan – to how much you put up as a stake and when.
The most common staking plan low odds is to just use flat stakes, or betting units. The concept is incredibly easy – just use the same stake for every bet. However, this approach has some benefits. For starters, it will be much easier to track your bankroll. Secondly, balancing your budget to account for the win-to-loss ratio will be substantially easier. That way, you won’t end up in a situation where a single loss robs you of all your winnings.
That being said, people who prefer the strategy of betting low odds often follow this principle: “stake high, win low”. The idea is to offset the low profits by having a big bet banks stake. For instance, a £100 stake on a 1.20 odds bet will net you £20 – which is fairly okay, all things considered.
The risks of betting big on small odds, on the other hand, should be obvious. So some punters employ this betting on low odds strategy: each time you win a bet, use the winnings as a stake for the next one. In our previous example, you would use the £120 as a stake for the next wager. Were you to bet on another 1.20 bet, the returns would be £144. Rinse, repeat, and your profits grow exponentially and you will not find better staking plans for low odds.
Low Odds Betting Tips
Now we’ll go through some other pieces of low odds betting tips that didn’t fit anywhere above:
- Avoid derbies or other high-profile matches. These games are much more likely to see surprise upsets, which is what you want to avoid if you’re backing favourites.
- Keep an eye out for other variables which might impact the favourites’ chances, such as:
- Low motivation
- Key players missing.
- Away games
- Pick the online bookmaker with the lowest margins you can find. Look at it this way: a difference in odds between 2.50 and 2.55 is not too substantial. It amounts to around a 3.5% difference in profits if you were to make that bet. However, let’s apply the same to betting on low odds. Between 1.20 and 1.25, the difference in profits is a staggering 20%. As such, the right choice of a sportsbook is more important than ever.
If you want find more articles about sport betting strategies, check out our betting strategies category.
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