Value BettingĮvery set of odds a bookie offers comes with an implied probability, reflecting how likely an outcome is expected to occur. While there are many betting strategies you can use, there are two central concepts that are present in almost every one of them: the concept of value and the importance of sound bankroll management. Still, with enough patience and the right betting strategy, you should be able to beat the bookies in the long run.
In fact, betting pros only win about 55% of their bets.
This is because most bookies have a house advantage of at least 2%-3%, and it takes a lot of focus and self-discipline to become a professional punter. Still, it can be hard to land consistent wins. There are a few forms of gambling that can lead to long-term profits, such as poker and sports betting. Statistical Methods of Betting Strategy.
