Having sustainable success in sports betting is a dream of enthusiastic punters. To maximize their winnings, sports bettors learn to make informed decisions and manage their bankroll. But is there a ‘perfect’ sports betting strategy that is guaranteed to make money in the long run? Is it possible to outsmart sportsbooks in the dynamic world of sports betting? In this article, we’ll equip you with the knowledge of whether there is a perfect sports betting strategy or not. First, let’s delve into the theory of sports betting strategies.

What Are Sports Betting Strategies And How Do They Work? 

To analyze any topic, it is important to define it first. As practice shows, players who are in a permanent search for a ‘magic’ sports betting strategy, endow it with different properties. In the sports betting community the concept of “strategy” is applied to a very wide range of algorithms. There are two types of sports betting strategies: financial and gambling. ones. Financial sports betting strategies or bankroll management strategies refer to managing betting finances (bankroll or betting budget). One of the common financial sports betting strategies is the flat betting strategy. Gambling strategies are sets of rules for selecting championships, teams, matches, and parameters in which specific bets are made. Here is a brief overview of some of the most popular financial and gambling betting strategies:

• Flat Betting Strategy. 

• Proposition Betting Strategy. 

• Kelly Criterion Betting Strategy. 

• 1-3-2-6 Betting Strategy. 

• Value Betting Strategy. 

• Arbitrage Betting Strategy. 

• Martingale Betting Strategy. 

• D’Alembert Betting Strategy. 

• Oscar Grind Betting Strategy. 

• Paroli Betting Strategy. 

• Fibonacci Betting Strategy. 

• Fixed Income Betting Strategy. 

• Matched Betting Strategy. 

• Handicapping Betting Strategy. 

• Hedge Betting Strategy. 

To avoid confusion, some authors try to get away from the terminology strategy for all this variety. The strategic level, however, here is financial. They game algorithms. These algorithms formalize tactical and operational levels. To game them, they apply definitions: models, methods, and schemes. However, the average person smears it all with one word. So we are forced to adjust to this terminology. We have to find a win-win strategy or prove it impossible. This must happen at two levels: financial and gambling sports betting.

Is There A Perfect Bankroll Management Or Gambling Strategy In Sports Betting? 

A ‘perfect’ bankroll management strategy has to generate profits and never lead to a bettor losing his entire bank, or even part of it. Believing in a ‘perfect’ bankroll management strategy means believing in clever, certain rules. They are for the distribution of bankroll. It means believing they work all the time, no matter how the forecasts are. It doesn’t seem to be real, does it? But let’s assume there is a perfect bankroll management strategy. One way to confirm or disprove theories is to assume they are true. Then, you logically spin the facts until the theory is confirmed or a contradiction disproves it. First, let’s discuss a couple of purely logical questions. There might be a certain person who discovered an algorithm that allows punters to always win when placing sports bets. 

If someone started to beat the bookmakers, not just now and then but in every bet, a bookmaker could easily see the pattern this person uses. Large bookmaker’s offices calmly treat a small percentage of professional bettors. And the bookmakers realize that the success of these few is due to a complex of reasons, not some ‘perfect’ strategy. Sports betting has existed for over 2000 years. If there were secret strategies, we would know them. Someone who invented the strategy and spread it to the masses would close or change the bookmakers’ offices. So, those who search for win-win strategies on the Internet, either encounter promises of scammers or meet just good or bad algorithms. To bet on sports successfully, even experienced bettors need not only to use proven sports betting strategies, but set clear goals, and have a stable mental background. 

As for gambling sports betting strategies, there also aren’t perfect ones. Gambling sports betting strategy is an algorithm for selecting bets on certain parameters including achievements of teams and odds. For example, a strategy for a late goal in live betting. The player evaluates the match. The current score does not suit the cooler, stronger team (except for the score 0:0, as he does not get involved). It is played live for a total greater than 0.5 10-15 minutes before the end of the match. This strategy isn’t ‘perfect’ because its use depends on the knowledge of a bettor. A bettor needs enough info about the current form, the teams’ state, their lineups, the calendar’s density, and the odds. Without it, he will lose, no matter the strategy. Therefore, the success of the strategy depends on the experience of the sports bettor and his ability to distinguish good bets from bad. This is already the condition for achieving betting profit, clearly beyond the financial or gambling strategies.

Final Thoughts

Unfortunately, there aren’t any ‘magical’ sports betting strategies for returns. Searching for a ‘perfect’ sports betting strategy is a waste of time. Professional sports bettors achieve profitable betting experiences not due to the ‘magic’ strategies. Financial and gambling sports betting strategies are only some of the factors for long-term betting success. Good strategies and skillful forecasts ensure everyone wins here. So do life insurance and fixing mistakes after lost bets. Bettors should not search for a magic strategy. They have to consider many aspects, manage their bankroll wisely, and work out their strategies.