Your go-to sports betting risk management strategies? - page 2.

coolcoinz

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Quote from: alastantiger on March 08, 2024, 08:15:14 AM

1. Hedging - Basically it is placing another bet to reduce the potential losses or risks associated with your first bet.

3. Cash Out: When you cash out in betting, you take a portion payout from the bet before the game is over

Hedging usually also reduces your potential win because you effectively make a bet against yourself, or you make another bet with high odds, but low pay, just to win anything if the first bet fails, but then there's no assurance the second bet will not be a losing one, despite high odds.

Cashing out is the same. You reduce your potential win just to get anything out. Casinos allow you to do it because it works in their favor.

If you don't want high risk and sure win, just buy bonds or something. They'll pay you 5% a year and you'll be done with all that unnecessary risk Wink

electronicash

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hedging can be good since you have already the strategy to make wins. what i always do is a single parlay with just a few matches and then bet on single matches that i think i can sure win. with just a few USD on parlay and then give at least wage a little bigger on single bets.

arbitrage is for the very experts, very technical to me. and cashing out looks tempting but i would rather finish the game.

Zlantann

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Quote from: alastantiger on March 08, 2024, 08:15:14 AM

*The list is inexhaustible. You can add your favorite if it is missing.

Arbitrage betting would cost the bettor more money since one will have to stake on more than one outcome. This strategy will also require good planning to execute it correctly. I am not comfortable with this strategy because I bet with a small amount of my income and I rely mostly on luck. I can adopt matched betting since it costs nothing. But most online betting platforms don't allow it because gamblers can take advantage of it. It is important to check the terms of service of casinos to see if matched betting is allowed. Cash out is on of my best strategy. For me, it is better to win or lose little than to win nothing or lose more. I am always willing to cash out because I don't have the guts to take high risks.

Yatsan

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Low odds, high amount. It is likewise with low risk and just increasing the amount a little bit in order to have better rewards. I do this often whenever I do feel like betting but not having enough time to analyze the match, which is why this is my 'go to' betting strategy. Of course downside is not knowing or having guarantee of a winning outcome but at least, risk won't be that much, in accordance with the majority of bettors as displayed by odds. There are also instances wherein I just enjoy watching the game without any bet involved just to be safe from regrets; I do believe that analysis would still be handful in betting industry.

Quote from: SamReomo on March 08, 2024, 08:33:40 AM

My simple risk management strategy in sports betting is to not bet of the teams with odds higher than 1.05 because I have lost even when I placed bets on teams with just 1.10 odds so that's why after learning from my experience I built my strategy which is to never place any bets if odds are more than 1.05 even if odds are 1.07 I still avoid placing any bets.

Well, that is because of majority's expectation however, as I've said, nothing is certain. You ca go against higher odds in order to recieve higher rewards but expect nothing less than higher risk of losing. Managing the risk when it comes on team or fighter selection, won't be missing with sports betting if you don't have that much time to look for advantages and disadvantages of your bet.

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Quote from: alastantiger on March 08, 2024, 08:15:14 AM

If you are using risk management strategies in gambling, you are both gambling for fun and you are gambling to win. What I opine about risk management in gambling, it is not to prevent you from losing but to present you the best possible strategies to make you win a bet. It turns you from an emotional loss chasing gambler to a logical event winning and profit making gambler.

With a fine risk management strategy it doesn't only puts you in an edge for a possible win but also prevents the gambler from losing so much than he could have lost to gambling if he's to gambling without risk management strategy. Having a strategy also guide against getting into addiction or going compulsive as the strategy based on its risk management guides the gambler against unwholesome gambling habits.

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*The list is inexhaustible. You can add your favorite if it is missing.

I don't have a definite strategy but when making my bets I stay away from big odds and I mostly cash out when I felt it's necessary.

blckhawk

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Arbitrage is a go-to for me, sure that I'm spending more money to cover the possible outcomes, it's still gives the profit at the end of the day because when I get a big win, it's going to be either break even or a profit to me, I don't do this much though as it's really tiring to do but it's a good strategy if you want a dumb win in your betting. My second risk mitigating strategy is for me to just follow the lowest odds and do accumulated bets, it doesn't work all the time though but the risks are definitely lower. Take note though that when you do arbitrage, you risk getting your accounts being blocked so take care not to be caught, it's not illegal, a lot of casino just don't like it.

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Every gambler, especially sports betting fans, will have their own strategy in dealing with every risk that arises and of course every gambler will have some kind of belief that the steps or decisions they take are the best for them.
There are lots of betting strategies that are often used by gamblers, and you mentioned 4 good strategies that are probably often used by most gamblers in general.

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3. Cash Out: When you cash out in betting, you take a portion payout from the bet before the game is over
It is do to guarantee a profit or minimize losses, especially when the original bet is winning or losing.

There is one strategy here that I often use to minimize losses from every risk that is present, namely doing cashout.
This is the single best strategy in my opinion for managing the risks that are present in every bet, but you have to really follow and watch the game in order to make good cashout.
I will make cashout if the chance of winning the bet I made has started to disappear or there is the potential for defeat, but I still fail quite often because I miss matches so I can't take steps to make cashout.
But I will say again that this is the best risk management strategy.

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2. Most casino is prohibited these, you can ended your account getting blocked (especially on online casino)
4. Always have limited amount, most the time small amount.

Always, take a look on your strategy especially on (sportsbook) remember casino hatting losing. They most the time limited any player from (BJ with Card Counter or Sportbook user).

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Quote from: alastantiger on March 08, 2024, 08:15:14 AM

2 Arbitrage Betting - Here you bets on all possible outcomes of an event with different bookmakers to secure a profit no matter of the outcome.

This is the most effective strategy but I think this option shouldn’t be in the choices since casino deem this strategy as taking advantage with their odds error. You will violate their ToS if you will caught using this so even if this strategy is working effectively I doubt that you can still use this without encountering problem long term.

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4. Matched Betting: It is involves the use of free bets and promotions from bookmakers to cover all possible outcomes of a game and guarantee a profit.

This is my favorite strategy too but just like arbitrage betting, casino will not allow user that is just betting with promotion. They will just exclude you on participating the promotion just like what happened to me before.

In reality, there will be no working strategy that will give you almost sure win because casino will just ban that strategy. Sports analysis is still the best method so that you can just place a straight bet.

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Quote from: Oshosondy on March 08, 2024, 08:21:50 AM

I have wanted to try hedging and arbitrage betting but I did not know how it can result to winning from my calculations. The outcome of the game can be in a way that no matter what, you will lose.

I have tried cash out before and I noticed I should not use it anymore because it can result to losses also. I do not think anyone that is gambling with small amount of money will want to cash out.

I enjoy free bets.

Most times, I prefer to cash out my games rather than wait till the end of it especially if the games are in my favour and I learnt this the very hard way as I’ve hard several games with just one ending games leading to my loss and that’s why the moment I get a satisfactory cash out option, I walkways go for it without hesitation.

I’ve also thought about arbitrage betting and personally I see this as even more risky because at the long run you might still end up losing both bets especially if the game booked are more than one.
I also think arbitrage betting works more efficiently when we play high amounts on one or two games and do the reverse on the next slip.

SamReomo

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My simple risk management strategy in sports betting is to not bet of the teams with odds higher than 1.05 because I have lost even when I placed bets on teams with just 1.10 odds so that's why after learning from my experience I built my strategy which is to never place any bets if odds are more than 1.05 even if odds are 1.07 I still avoid placing any bets.

Frankolala

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Quote from: alastantiger on March 08, 2024, 08:15:14 AM

If you are using risk management strategies in gambling, you are both gambling for fun and you are gambling to win. What I opine about risk management in gambling, it is not to prevent you from losing but to present you the best possible strategies to make you win a bet. It turns you from an emotional loss chasing gambler to a logical event winning and profit making gambler.

Which of these is your go-to sports betting risk management strategies?

1. Hedging - Basically it is placing another bet to reduce the potential losses or risks associated with your first bet.

2 Arbitrage Betting - Here you bets on all possible outcomes of an event with different bookmakers to secure a profit no matter of the outcome.

3. Cash Out: When you cash out in betting, you take a portion payout from the bet before the game is over
It is do to guarantee a profit or minimize losses, especially when the original bet is winning or losing.

4. Matched Betting: It is involves the use of free bets and promotions from bookmakers to cover all possible outcomes of a game and guarantee a profit.

*The list is inexhaustible. You can add your favorite if it is missing.

Only gamble with the amount of money that you can afford to lose, so that you don't get worried over lost bet. I think that is the most important, because it will allow you to be able to control your emotions, and prevent more loss.

You should have a time limit on your gambling activities, so that once the time elapse, you quit gambling, winning or losing. Have a gamble budget for the week and once it has been exhausted, you should not gamble again, until it has been refilled.

Gambling is a game of luck, and what you listed out in the OP, will only mislead people that are gambling for profit, because if you are not lucky, you will run at loss. The cash out option is what I see cool for gamblers that feel they are okay with the little win on the bet. Freebet is good and you can use it to have fun for sometime, and if you are lucky, you win.

danherbias07

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I only use Hedging and Cash-Out. Arbitrage is too much work and the profits ain't really that high.

Cashout is a great feature in betting but we must also be aware that the button won't open if there's an ongoing game or if does it must mean your next bet is winning so we must keep on monitoring our bet.
Those who make long parlays with a 1 hour to 1 day timeframe difference on each game can take advantage of this great feature which we don't see on physical bookies. I've used it before with other games that I have not much knowledge about but on my recent bets, I'd rather finish the parlay I made and claim all the profits because I trust my own analysis.

It's different with hedging though which I do in my "Same Game Multis".
If I am doubting one player to achieve the props that I set for him, I will take him out on my next set and try to achieve the best possible result to win a bet. This happens a lot of times for me when my instincts are telling me to change the parlay especially if I made a mistake and already made the bet.

Oshosondy

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I have wanted to try hedging and arbitrage betting but I did not know how it can result to winning from my calculations. The outcome of the game can be in a way that no matter what, you will lose.

I have tried cash out before and I noticed I should not use it anymore because it can result to losses also. I do not think anyone that is gambling with small amount of money will want to cash out.

I enjoy free bets.

alastantiger

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If you are using risk management strategies in gambling, you are both gambling for fun and you are gambling to win. What I opine about risk management in gambling, it is not to prevent you from losing but to present you the best possible strategies to make you win a bet. It turns you from an emotional loss chasing gambler to a logical event winning and profit making gambler.

Which of these is your go-to sports betting risk management strategies?

1. Hedging - Basically it is placing another bet to reduce the potential losses or risks associated with your first bet.

2 Arbitrage Betting - Here you bets on all possible outcomes of an event with different bookmakers to secure a profit no matter of the outcome.

3. Cash Out: When you cash out in betting, you take a portion payout from the bet before the game is over
It is do to guarantee a profit or minimize losses, especially when the original bet is winning or losing.

4. Matched Betting: It is involves the use of free bets and promotions from bookmakers to cover all possible outcomes of a game and guarantee a profit.

*The list is inexhaustible. You can add your favorite if it is missing.

Topic: Your go-to sports betting risk management strategies? - page 2. (Read 210 times)