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In both cases, it is not rational or statistical reasoning but the emotional high of a win that motivates them to play further. Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor—are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.
Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
If you or someone you know has a gambling problem, call the National Problem Gambling Helpline at , or visit ncpgambling. The Bottom Line A betting opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker. Furthermore, the odds on display never reflect the true probability of an event occurring or not occurring. The payoff on a win is always less than what one should have received if the odds had reflected the true chances.
Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. By exploiting the line change you can place an opposite bet to your first wager and sometimes win them both.
Keep reading for an example to make it really clear. This can happen for a few different reasons including too much action being placed on the underdog by the betting public or by things like injuries or other player factors. If the favorite wins by 8 or 9 points exactly, you win both your bets. The downside is that you will take a small loss when this happens due to the commission vig charged by the sportsbook.
Read our full guide to betting the middle for more information. Sportsbooks also want to attract roughly equal action on both sides of a bet to protect themselves from a potentially massive loss. Being able to identify cases when the public is pushing a line gives smart bettors an edge because the line is moving relative to the money coming in rather than the likely final score of the game.
As such, you can bet in the opposite direction and reap the benefit of extra points in your favor on the point spread or extra pennies on the dollar with the moneyline. To fade the public you need to pay close attention to line movements. There are also free resources online that can tell you the distribution of action on specific bets.
This is because those leagues use a playoff format when it comes to home and away games. The higher seeded team plays at home for the first two games, as well as the 5th and 7th, if necessary. The zig zag theory works on two main concepts. First, home teams have a real advantage. Second, when a team is coming off a loss they generally play harder and have a statistically better chance of winning.
The zig zag theory works best when a team is at home AND coming off a loss. In the NHL the historical percentages are different and even when the home team takes game 1, the lower seed comes back to win game 2 on the road one-third of the time. In these moments, with the public betting heavily on the home team to replicate their game 1 success, look to find great value on the road squad.
If the leading team has won by close margins the public may still overvalue them by emphasizing the series lead rather than a rational analysis of how the games actually played out. Of course, if they really worked then everyone would be rich and casinos and sportsbooks would be bankrupt. Martingale System — In this system the bettor simply doubles the bet amount after any losing bet in an effort to recoup their money plus a small profit.
An obvious problem with this is that any bad losing streak will require a huge amount of money just to get back to even. The Negative Progression System a. Compared to the Martingale system which only requires your last bet to win, this system needs your overall winning percentage to out-number your losses. The Labouchere system — a. The Cancellation System — This system is also called the split Martingale system. First come up with a base betting unit. Then write down a common Labouchere sequence like To choose your bet amount, take the first and last numbers from the sequence.
If you lose a bet, add the number of units you bet to the end of the sequence. When you win, cross out the first and last numbers in the sequence. Continue until all numbers in the sequence have been crossed out. The truth is, none of these systems can guarantee a win, even if they promise to do just that. Using Sports Databases and Stats Sites to Discover Trends One of the most important things both savvy punters and oddsmakers utilize is data and trend analysis software. These days there are several online options that offer these services for free or for a low fee.
It takes a bit of work to learn to use them at first but once you learn how to use these tools they can be an absolute game-changer for your results. Not only can you figure out how the most common trends are calculated and used, but you can also explore your own trend ideas and potentially find edges that have eluded the sportsbooks and other bettors. You never know what you might find. Perhaps NHL road underdogs, after long homestands, who start their back up goalie in the first game of a back-to-back are much more likely to cover the puckline.
It may seem random, but with data analysis tools you can find real trends that can help guide your bets. For example, over the past 13 seasons the underdog has covered the spread It measures how teams perform against the point spread, not just against their opponents.
Check out our best NFL picks against the spread to get an advantage over the sportsbooks. That is an incredible stat to ponder. It makes it seem that no matter what strategy you employ, your point spread bet is a coin toss. That extra three percent represents a massive difference for your bottom line so look for those opportunities.
One advanced strategy punters use at the start of a new NFL season is the Pythagorean wins strategy, which is a name you might remember from math class in school. It takes into account the amount of points scored by a team and compares it to the number of points scored against them. Amazingly, from to the Super Bowl was won 11 out of 16 times by the team that had the highest Pythagorean wins stat, not just the most outright victories.


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Most of the matches or sets end in a short time. The faster a bet is finished, the more times you can use your money for new bets. This technique is not for making large profits on tennis. In the first year of matched betting, you can make a monthly — euros, depending on a lot of factors. Sounds interesting? Check my matched betting guide , and you can start taking advantage of these bonus offers. The main advantage you will experience is the sustainability and the lack of risk you need to take.
Oddsmonkey is offering a great service for making your learning period shorter. They are supporting your matched betting activity even at the beginner stage. You can read my OddsMonkey Review here. The beauty of this sport is that you need to learn less about certain players than in football betting. I know guys who made hundreds of thousands of euros betting on tennis based only on their knowledge about players.
If you are following a tipster like this, you can make a decent profit in the long run. Tipstrr is offering the possibility for individual bettors to offer predictions for their subscribers. Their only way to earn from this tipster service is if they are offering accurate predictions. These must be profitable in the long run too. You need to follow the right tipster who is handling this as a business.
This way you can be almost certain that you will make decent profits in the long run. Find a tipster who: Has a betting history of at least bets Uses odds over 1. You need to follow the championship standings, motivations, new coaches, team owners, etc. Open my free account As an additional tip, I would mention the importance of betting on the highest odds possible every time.
Using a second or third bookie that has slightly higher odds in the same market will drastically boost your profits in the long run. For tennis, Pinnacle is offering the most accurate odds every time, which are also very high. They are not available in most countries. Arbitrage betting on tennis: fastest money generating system This strategy is based on finding wrong odds, and overpriced markets with the help of odds comparison services like sure bet finders.
The bookmakers are making a lot of mistakes in tennis. Those can cost them a lot because smart bettors are taking advantage of these loopholes. The basic idea is to find these mistakes, bet on them, and cover the other outcome at another bookmaker. This way, no matter which outcome wins, if you calculated the stakes right, you will make a guaranteed profit on every tennis bet.
In the following review, you can read how to find free arbitrage bets. For beginners, this technique might be dangerous for in-play tennis. But if you are willing to learn enough, you will have better chances to delay getting limited by the bookies. Unfortunately for them, spotting a bet placed on wrong odds in live betting is fairly hard.
If you are fast enough, you can make a decent and guaranteed profit from tennis. If you have the goal to make a decent income even for a living from tennis betting, this could be your best option. It is very similar to arbitrage betting. Your basic task will be spotting the outcome with the wrong odds.
If you can pick bets where the odds are higher than their real probability to win, you can make good profits in the long run. If you are not familiar with value betting , you might be confused right now. Finding these odds might seem a hard task that requires a lot of experience.
Well, this is not the whole truth. There are several methods to find these opportunities without knowing too much about tennis. A lot of services are offering value bets for tennis and for other sports too. I already mentioned Pinnacle Sports as one of the best bookmakers for getting sharp odds. Tennis odds comparison between your bookie and Pinnacle Pinnacle Sports Review will guide you in the right direction for finding the wrong odds.
They are not the only ones who can offer these true odds. Sometimes Bet and other soft bookmakers like WilliamHill can have decent lines. RebelBetting is one of the best services for value betting. The easiest method to begin value betting on tennis is by using scanner services. Down below you can find my detailed table about the best arbitrage and value betting scanners. Your only task is to set up the filters with the bookies you need and start making money.
Best Value Betting Software 5. Tennis betting strategy on dropping odds I think tennis is one of the best sports if you are looking for different betting strategies. The odds are moving very fast before the match and in-play too. These shifting lines and prices are opening insane opportunities for smart bettors. Of course, they can offer a fairly accurate odd, but in the end, the bettors will always have more information. This will always mean that a sharp bettor can spot the wrong odds.
Many sites are offering services for these strategies. They are scanning every bookmaker and odds movement. If a player has an odd that is wrong there will be at least one bookmaker that has better information about it. One of these bookies is Pinnacle. They were and still are the best in figuring out the sharp lines.
Here you can check my Pinnacle Sports Review. Every time a bookie is slow in reacting, they will offer an overpriced odd. Your only task is to follow bookies like Pinnacle and spot the opportunities when the odds are dropping enough. In this situation, your only task is to find a bookie that has a slow reaction time. This way you can place a bet before the odds could drop. Best Value Betting Software 6. Tennis betting strategy for pre-match A lot of systems and betting techniques are based on placing bets before the start of the event.
Based on my experience a lot of experienced punters are putting trust in tennis betting analytics. Most of them are not successful in the long run. The main reason for this is to avoid using the best odds possible for their picks. Those who can spot odds holding real value are the ones who can be successful in the long run. Betting on tennis or any sport for a living is a dream for a lot of gamblers. Almost every punter is following some kind of strategy in the hope of winning.
Many pre-match techniques are following sharp lines or true odds offered by Pinnacle Sports. This is the main reason why so many prediction sites and tipsters are using them as a guideline. For pre-match tennis betting, comparing each bookmaker with their lines is a proven, working system. Live tennis betting system The most profit can be made on in-play tennis betting. The biggest odds movements are generated by underdogs who can offer surprises even for the bookmakers.
Major odds movements and good opportunities are caused by unexpected events like game breaks or quality serving. Professionals are looking for these wrong odds and lines. Their basic strategy is based on taking prices that are higher than the real probability to win them. Based on mathematics, if you are placing bets on overpriced markets, you will end up in profit in the long run. A lot of betting strategies are based on wrong odds. The most famous and simple techniques are arbitrage and value betting.
Handicap betting on tennis Based on my experience, Pinnacle is offering the sharpest betting lines for handicap markets on tennis. When I was value betting on tennis, I used their lines for figuring out the real probability of an outcome. I checked the handicap lines at Pinnacle, and if a bookie offered significantly higher odds I took advantage of them. This market is still offering hundreds of betting opportunities when tennis is on. The most important tennis betting advice I can give for handicap betting on tennis is the following: Find a bookie that is offering in-play markets for tennis Use a bookmaker scanner service like BetBurger and compare your bookies with Pinnacle Each handicap arbitrage opportunity above 1.
Asian handicap betting bookies are making many mistakes in these markets. The beauty of this is the big number of entry points. Having at least two sets is giving you the chance to spot many overpriced opportunities. Your only task is to choose which strategy you want to use: Arbitrage betting for instant and guaranteed profit Value betting for bigger long-term profits but taking risks I have used this market for every betting system.
If you want your money to work faster, this should be your number one tennis market. In most cases, your bets will be finished in under 1. Even the shortest tennis match can offer 12 entry points on the next game market. Of course, it has many downsides too. The smallest emotion, injury of a player can have a large effect on this market. I often saw tennis players with intense emotions. Been there, and profited from that. Tennis betting tips Tennis is one of the best sports for betting.
I have been betting on tennis since , and I can proudly say that this sport offered me the most betting opportunities and profits. In this topic, I would like to share some important tennis betting tips. It has a lot of characteristics that are allowing even beginner bettors to make decent profits on it. A lot of professional bettors made a fortune just from it. If you are a beginner in betting, learning about a sport, players, or teams could seem difficult and time-consuming.
For some strategies this is true. A lot of professional gamblers based their profitability on their knowledge and experience in a certain sport. Their edge against bookmakers comes from a long period of learning and sometimes even losing money. Tennis is an individual sport, profit from it It seems even the best crypto bookmakers are less likely to keep up with every information they might need.
Missing minor information can have a big effect on the outcome of a match. I know many bettors who followed the top tennis players for many years. Knowing the personality of a player and the way they react to certain situations is a gold mine. A small example would be Djokovic or Nadal. They might lose 1 or 2 sets in bigger tournaments. But they are like robots. If they are not injured, they easily come back and destroy their opponent. Profit from fast-moving tennis odds The players are gaining points in a relatively fast way.
In tennis, you will see surprise points and game-winners breaks. These moments are generating opinion differences among bookmakers. Overpriced odds and outcomes can be used as a loophole for guaranteed money. Tennis is one of the best sports for these kinds of betting techniques. This dropping odds strategy is the basis of most smart betting techniques. Even a single match can create over entry points for great tennis betting systems. Getting specialized in tennis betting is fairly easy You will have to gather information about only two players in single tennis matches.
If you are using the right sources, you can predict an outcome even better than a bookmaker. I already mentioned people who follow many players. But knowing the dynamics of tennis is also enough to profit from it. After several months of arbitrage betting on tennis, you can figure out how certain markets and odds are moving. If you see a player being destroyed, but the odds for the break are not dropping enough, it can create great opportunities.
I think BetBurger is by far the best sure bet finder for in-play tennis betting. Focus on In-play tennis betting strategies If you are following a tennis event in play, you will notice a lot of opportunities for making money. Many strategies for tennis are based on live betting by watching the stream and reacting to certain mistakes or events. The odds can move in any direction. If you are not lucky enough you might lose a good portion of your profits.
I made the mistake of being greedy after seeing massive wrong odds. If you are value-betting, it might be a possible option to place bets on them. But for other strategies, like arbitrage betting, this is a guaranteed route to disaster. Place tennis bets when the number of games is odd The breaks between games are significantly longer when the number of games in that set is odd ; ; ; etc. Both tennis players are taking a longer rest, so you have more time to make calculations and place your bets.
Know which outcome has the wrong odds This will require more experience and knowledge about tennis. Instead, you should look for reverse line movement. This is when the majority of bets are on one side of a market but the line moves in the opposite direction, indicating that sharp bettors have placed massive bets on the other side.
To find reverse line movement, look for markets that have the majority of bets on one side of the market but the line is moving against it. How to fade the public: Find data on the percent of bets on each side of a two-way market. Bet whichever side has the lower percentage. How to find reverse line movement: Find data on the percent of bets on each side of a two-way market.
Look for instances where the line is moving in the opposite direction of where the majority of the bets are placed. Bet on the opposite side of where the majority of the bets are placed. Such a strategy will eventually make it easier for you to find an edge. How to do it: Pick a sport and a single bet type. Spend time studying that market to notice good betting opportunities.
While you can have a manual approach, this is sometimes just too time consuming to pay off.
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