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Online gambling has had a hard time in the British media as many people who partake in the past-time don’t have the skill, patience, discipline and understanding to give themselves the best chance of success.

However, online gambling isn’t just a story of bankruptcy; there are many people out there who know what they are doing and know how to make a profit when gambling. If you are interested in taking it up as a means of getting more income, you need to do your research. There are places to go to find the very best sports betting odds, betting tips and betting strategies. Check out online comparisons such as WinningSportsBets, to help you on your way to a successful sports betting career. Here are some of the ways you can avoid the pitfalls of gambling and start making money…

Online Sportsbetting

Know Your Sport

You have more chance of making a regular profit from online sports betting than online casinos. This is because sports betting is much more focussed on skills and knowledge rather than luck. Trying to make a living as an online casino player would be very tricky; it’s much more likely that you’ll be able to make a living through online sports betting. This isn’t easy however (or everyone would be doing it). If you have good skills and a decent eye for a good bet, then you can do it. Sure, it’s tough, but people do it.

If you go to the basics, it’s as simple as joining one (or more) online sportsbook and start making correct betting predictions. That needs work though. First things first – you need to start off with a sport that you know the best; preferably a sport that you really enjoy, so you can start doing lots of research. Then, either come up with a betting strategy, or find one that works for you, so you can start accurately predicting outcomes and bet productively on games.

If you don’t choose a sports you know well, then you’ll be basing a lot of your bets on luck, rather than skill, which can spell disaster for a person who wishes to make a living from it. Sports betting is much more diverse than simply betting on who will win and who will lose. There are many other aspects of the sport you can bet on: the number of points / goals scored; number of fouls; number of aces; who scores first etc. The amount of possible betting options and possibilities are endless. The more in depth you go into the betting, the more research is required – but the higher the rewards.

If you were to bet on the possibility of Isner getting more than 3 aces in one tennis match, it wold require a lot more knowledge than if you were to bet on whether the total number of games played in the match would be odd or even. The first bet is to do with skill and research, the second is more about luck. The first bet would mean you would need to know about the strength of Isner’s serve, his ace history and also the strength of his opponent’s return. The more you know, the riskier bets you can make and the more money you can make. Whether there are an odd number of games or even, is simply luck. You may try and make an educated guess, but that’s all it is – a guess. That’s not to say you can’t make any money off of these bets, but they are unpredictable and unreliable.

Set Realistic Expectation

If you want to earn lots of money with no work – or very little effort, then you need to re-evaluate your ideas a little. You need to treat it as you would do a new start out business. Maybe have it as a side line at first and build up your bankroll – and your experience. This takes off any pressure from trying to make a living off it first of all. You can then decide when the time is right to start to try and earn enough to cut down on your regular job. Keep doing it this way until it makes sense practically and financially.

Find the Value

The only way to really be able to make money out of betting is by finding value bets. Value betting is the way to get the highest possible return from your wagering. The idea of value betting is as follows:

If you take a bet with odds of evens (1/1), then realistically you might expect to win half of the time. However, really, anything could happen – you could lose 5 tosses of a coin in a row. Having said that, over a larger number (i.e. 100,000 coin tosses), it’s much more likely to be an even split of head and tails – and it will be very close to, if not exactly 50% heads, 50% tails.

This means, that if you want to break even and get a return, you would need to make hundreds – or even thousands of bets. With this type of betting, you may go through a bad point, but in order for it to even out, you would need to carry on betting, as it is highly likely to turn around You will need to have patience and discipline in order to see it through from the bad times to the good.

A real value bet is when the odds don’t reflect the chances you feel your team / player / choice has. For example, if you believe that your football team has a 75% chance of beating its opponents, then its odds should reflect that and the odds should be around 3/1. However, if the books offer odds of 6/4, they are saying that they think the chances are 60%… so this is a value bet. The chances of the team winning are higher than the odds suggest.

You should only ever really make a bet if the bet is a value bet if you want to make a profit. However, to work this out you really do need to know your sport.

Take a Chance on the Underdog

This needs to be done carefully and with a lot of thought. This can be quite a risky strategy as an underdog is usually an underdog for a reason. Don’t simply go ahead and keep putting your money on every underdog in the hope that it comes though. Eventually it probably will, but you might have lost a lot of money in the process.

This is another reason you need to know your sport carefully. An example of this is in tennis. Rafael Nadal, the Grand Slam master and King of Clay, took on the lesser known and lesser titled Fabio Fognini. They were playing a head to head on clay, in the final of the Barcelona Open.

On paper, just looking at the overall facts, Nadal should be the winner. He has already won this tournament 8 times. Because of this, he was a huge favourite with the bookies. In fact, some backed him to win so much that he was given odds of 1/10. This made Fognini very much the underdog in the eyes of the bookmakers.

However, if you knew your sport and had done your research, you would know that Just a few months earlier, Fognini had beaten Nadal on a clay court when the faced off in Rio De Janiero. Also, Fognini had a pretty impressive record of beating top seeds. If you had known that, then odds of 8/1 seem worth a shot after all. In actual fact, he ended up beating Nadal in straight sets. Knowing your stuff and betting on an underdog would have made you some pretty decent profit here.

There are other times when this strategy works as well. If a top football team are playing in cup matches and they have a non-important game against an easy team, it may rest its top players. Here you have another chance to bet on an underdog as the top team won’t be playing its best, giving the underdogs a fair shot.

This is a strategy that needs to be looked at carefully. You need to know your sports, know the situation and know your chances.

Shop Around the Bookmakers

There are heaps of different bookmakers out there. Many offer different odds and promotions. You don’t gain anything by just sticking to the one religiously. Obviously bookmakers will reward loyalty, but don’t be fooled into thinking that’s the best way to get the best deals. You still need to shop around.

Using comparison websites, such as WinningSportsBets, you can check all the offers and odds available for certain bets. For example, if you pick a market such as ‘first goal scorer’ in football, lots of different bookmakers will have lots of different odds and offers. It’s definitely worth looking out to see where you can get more for your money. You need to look at all the different offers to see which one suits you best.

Don’t Go OTT

It may sound obvious, but don’t go OTT with your selections. The fewer you have, the more likely you are to be successful. Obviously, sometimes you read stories about someone who places a small bet on a 20-fold accumulator and a miracle happens. However, that’s exactly what it is… a miracle. This is unlikely to really end up as anything but a waste of time and money.

Gambling to make a long term profit is a bit like losing weight – you don’t go out to do it all at once, you have to work on it bit by bit. You need to go for plenty of small wins as opposed to one huge one.

However, if you do fancy putting your money on a long shot, for whatever reason, do not try and give yourself a bigger accumulator by picking lots of odds on choices. If you do this, not only are you decreasing your chance of actually winning your accumulator, but you’re not even increasing your win my much.

Imagine you are betting on Wimbledon. In the early rounds, there are many top seeds against unknown players. It might seem like a great idea to bet on all of them together in a multiple bet and win some easy money, but that would be a bad idea. In the world of online sports betting, tennis is famous for giving bad prices on match betting. Therefore, if you put a ten-fold bet on these ‘obvious’ bets, you may still only get odds of 3/1. Then, there’s the chance that one will fall through. It would be much more sensible to find a player with potential and favourable odds and put one bet on them.

Maybe Try a Less Popular Sport

Bookmakers offer far more sports these days than just football, tennis and horse racing. Many offer odds on over thirty different sports, many not very popular in the UK market. Because of this, there may well be sports that they don’t know that much about. Consequently, their odds may be off – meaning you can take advantage.

An example of a sport that is currently good to start betting on is Mixed Martial Arts (MMA).It’s becoming more and more popular on television and is becoming easier to research as a result. Bookmakers don’t have the time to research everything in depth and as such can make big mistakes.

An example of this is when Ronda Rousey, the world Bantamweight champion, fought at UFC193. She was declared to be the strong favourite against Holly Holm, who was getting odds as high as 9/1 for a win. However, if you took time to look at both fighters, you’d see that these short prices weren’t reflective of her skills. Holm was actually a boxing world champion and Rousey had quite weak striking skills. Also, despite Rousey’s strength being judo, Holm had managed to defend all of her take downs.

Looking at the actual facts, this was never going to be a one sided fight as the odds suggested, so even if you got last minute odds of 6/1 as the fight started, that would have still have been a bargain. You’d not only have got a value bet, but a winning one at that as Holm knocked out Rousey in two rounds.

Money

Ultimately, it’s all about money management. You need to be completely disciplined. You should only ever bet what you have put aside for your wagers. You need to set yourself limits and stick to it. If you say £50 a week, stick to it at all costs. This means you should never fall into the common trap of chasing your losses. Everyone goes through bad streaks; you just have to ride it out. If you plan your money carefully, you’ll never lose anything you can’t afford to.

Ultimately, betting for profit is a game of skill and patience. It’s tough and it can be complicated, but it is possible. You need to invest time and money if you want to succeed. You need to be totally disciplined, do your research, do your maths and check all around all of the best bookmakers.

Just remember, if it was easy, everyone would be doing it. It’s all about research, tactics, strategies, tips, value betting, time and patience. Get all that and you can gamble your way to a living.

Many mathematicians have tried and failed to create the perfect betting strategy. Each betting system has its shortcomings no matter how badly someone tries to convince you that their strategy is guaranteed.

But does this mean that all betting strategies are total junk?

No, some strategies do have merit and provide short or even long-term results. The only catch is figuring out which betting systems are worth using.

Let’s discuss 10 wagering strategies that work. Some of these systems only work on specific games like baccarat or roulette, while others can apply to any casino game.

1. Betting 2% or Less of Your Bankroll

A common scenario for casual gamblers is to walk into the casino with around $200 dollars and make bets between $10 and $25.

This seems harmless in theory, if you’re gambling with expendable income. But the problem is that you’re very likely to run out of money this way.

One good idea that comes from sports betting is only risking 2% or less of your bankroll on any given wager.

Professional and serious amateur sports bettors do this to minimize their short-term risk. But you can really apply this system to any casino game.

• Your bankroll is $2,000.
• 2% of your bankroll is $40.
• You can place bets worth $40 or lower.

Pros of Betting 2% or Less of Your Bankroll

The biggest benefit to wagering 2% or less of your bankroll is that it keeps you in the game. You’re not risking chunks worth 5. 20% of your bankroll like most players.

This is helpful in any casino game from blackjack to Caribbean stud poker. But it’s especially useful in skill-based games like daily fantasy sports (DFS), poker, and sports betting.

The reason why is because skill-based games are prone to more streakiness than house-banked games. In these games, it’s common to experience long dry streaks that make you question if they’ll ever end.

The best way to get through them is by risking small amounts of your bankroll on each wager. Furthermore, you’ll dramatically lower your risk of ruin.

Cons of Betting 2% or Less of Your Bankroll

The first problem with this system is that most players don’t have a large enough bankroll to only wager 2% or less per bet. Under this system, you’ll need at least $1,000 in just to make a $20 wager (2%).

Professionals can afford to be disciplined like this because they have large bankrolls. But if you’re just a casual blackjack or craps player, you probably don’t walk into the casino with thousands of dollars.

Another downside is that some players find that this system doesn’t offer enough action. These same players may like varying their wagers from big to small depending upon how lucky they feel.

But, as long as you have a large enough bankroll, this system is definitely worth using.

2. The Martingale

The Martingale betting strategy has two things going for it:

• It’s easy.
• This system will theoretically provide a profit every time.

The Martingale calls on you to double bets after every loss. The goal is to always win back your losses and earn a small profit in the process.

You should also make even-money bets with the Martingale in order to simplify things and minimize your risk.

• You bet $10 and win (+10).
• You bet $10 and lose (0).
• You bet $20 and lose (- 20).
• You bet $40 and lose (- 60).
• You bet $80 and lose (- 140).
• You bet $160 and lose (- 300).
• You bet $320 and win (+20).
• Next bet returns to $10.

Pros of the Martingale

The Martingale’s best aspects include its ease of use and how it can theoretically be successful.

As long as you have the funds to continue doubling bets after losses, you’ll eventually win back your money. You’ll also book small profits along the way every time you win.

The Martingale is one of the best systems for those looking for consistent short-term profits.

Cons of the Martingale

The Martingale’s downside is that it’s an extremely risky strategy. You’ll be betting far more than your original wager after 5 to 6 losing wagers.

This can make you hesitant to pull the trigger on the next double bet. Even worse is that your bankroll will vanish if the losing streak continues.

Another problem is that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Otherwise, Mark Zuckerberg ($56 billion net worth) would always win with the Martingale because his bankroll would likely never run out.

You’ll eventually run into a losing streak that’s long enough to hit the table limit. In this case, you take a big loss because you can no longer double wagers to win everything back.

3. The Martingale in Skill-Based Games

We just covered how the Martingale is a very risky betting strategy. What’s more is that this system doesn’t do anything to alter the house edge.

But what if you could combine the Martingale’s effectiveness with skill?

This betting strategy can be profitable in skill based games like DFS and sports betting. Not only can you win back your losses with the Martingale, but you can also swing the odds in your favor with enough skill.

Here’s an example of how this works in DFS:

• You lose a $10 + $1 (fee) head to head contest (- 11).
• You lose a $20 + $2 head to head contest (- 33).
• You lose a $40 + $4 head to head contest (- 77).
• You win an $80 + $8 head to head contest (- 5).
• You win a $10 + $1 head to head contest (+5).

The tough thing about DFS contests is that you have to pay an extra 10% entry fee to the sites. But as the above example shows, the Martingale strategy can still help you book a profit even if you lose the majority of contests.

Let’s look at one more example involving sports betting:

• You lose an $11 bet (- 11).
• You lose a $22 bet (- 22).
• You lose a $44 bet (- 77).
• You lose an $88 bet (- 165).
• You win a $176 bet and earn a $160 profit (- 5).
• You win an $11 bet and earn a $10 profit (+5),

The drawback to sports betting is that the house takes 10% juice from the losing side. But the Martingale can still help you be profitable when you string together two or more wins.

Pros of Using the Martingale in Skill-Based Games

The great thing about using this system in skill-based contests is that you can overcome short-term variance by consistently winning back losses.

The sports betting example above shows how you can earn back your losses plus a small profit even after several losing wagers.

Another advantage is that you’re not just using the Martingale in a casino game with a house edge. Instead, you’re playing skill based games.

The end result is that you get the enviable combination of getting your losses back and having a chance to win long-term profits.

Cons of Using the Martingale in Skill-Based Games

You’re taking a risk on three fronts with this betting strategy:

• You might be at a skill disadvantage to opponents/other bettors.
• You’re still dealing with the Martingale risks.
• You must pay 10% fees (DFS) or 10% juice on losses (sports betting).

The first point is key because you could be facing an even worse proposition than house-banked casino games if you’re not better than opponents.

Add in the standard Martingale risks along with sportsbook/DFS fees, and non-skilled bettors are looking at a potential bankroll disaster.

4. Betting on Baccarat’s Banker Hand

Baccarat gives you three different betting options, including the banker hand, player hand, and tie bet. And the top system for playing baccarat involves making the banker bet every time.

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The reason why is because the banker hand only has a 1.06% house edge. Compare this to the player hand and tie wager, which have 1.24% and 14.36% house edges, respectively.

Given that all you need to do is bet on the banker hand every time, baccarat is great for casual players who don’t want to deal with in-depth strategy.

Pros of Betting on the Banker Hand

The banker hand wager is one of the best in gaming. Only a handful of casino games offer a lower house edge than 1.06%.

The other advantage to wagering on the banker hand is that you don’t have to study strategy. Instead, you simply need to make the same bet every time.

Cons of Betting on the Banker Hand

The banker hand’s 1.06% house edge isn’t as harmless as it seems.

Mini baccarat games see anywhere from 120. 200 hands dealt per hour. This is 2. 3 times the hand rate that you’ll see in blackjack games and this exposes you more to the house edge.

Let’s look at the theoretical losses that you’d be facing in a fast-dealt baccarat game:

• You’re making $10 bets on the banker
• The table is seeing 200 hands per hour.
• This adds up to $2,000 in total hourly bets.
• We take 2,000 x 0.0106.
• Your theoretical losses are $21.20 per hour.

5. Value Betting

Value betting is the process of getting maximum value out of situations where you have a long-term advantage. This term is most often used in poker, but it can also describe how blackjack card counters operate.

Value betting requires being able to spot and take advantage of favorable situations.

One example is when a poker player believes they have the best hand and bets in a way that extracts maximum value from their opponent. Going further, their wagers need to be large enough to get the most value from the opposing player, yet small enough that the opponent won’t fold.

Another example involves how card counters keep track of the deck until the count swings in their favor. They then make larger bets to maximize situations where the deck is rich in 10s and aces.

Pros of Value Betting

Anybody who wants to make long-term profits through gambling can benefit from value betting. This is how poker pros and card counters earn their living.

In poker’s case, being good at value betting can separate you from opponents. Getting the most value out of your great hands will improve your profits in the long run.

Cons of Value Betting

The problem with this betting strategy is that it calls on you to have the following qualities:

• Being good at math.
• Being skilled in the game you’re playing.
• Being able to walk a fine line with betting.

Wagering too little prevents you from capitalizing on your best poker hands. Wagering too much pushes your opponents out of hands and keeps you from making money on future streets.

For card counters, betting too high in favorable situations can attract the casino’s attention. In turn, they’ll find out that you’re a card counter and ban you for life.

6. Taking Craps Odds

The best regular bets in craps include pass line, don’t pass line, come, and don’t come. But there’s another craps wager that’s even better than these called odds.

Craps odds is the best bet in the casino because it doesn’t have a house edge. Instead, you’re paid at your true odds of winning. And one of the top betting strategies that you can use includes continually backing regular bets with odds.

To place an odds wager, you need to first make a pass line or don’t pass line bet after a point has been established. You should also inform the dealer that you’re making an odds bet.

Here are the payouts for when you back a pass line bet with odds (a.k.a. taking odds):

• 2 to 1 on point numbers of 4 and 10.
• 3 to 2 on points of 5 and 9.
• 6 to 5 on points of 6 and 8.

Here are payouts for when you back a don’t pass line wager with odds (a.k.a. laying odds):

• 1 to 2 for points of 4 and 10.
• 2 to 3 for points of 5 and 9.
• 5 to 6 for points of 6 and 8.

Pros of Taking Craps Odds

Odds is the only bet where the casino doesn’t have a house edge. And what’s great is that you can reduce the house advantage to almost nothing by taking higher odds.

Here’s a look at how far the house edge is reduced based on the odds you take:

Cons of Taking Craps Odds

Casinos cap the size of odds because they don’t make long term profits off these wagers. The highest most casinos go is 5x odds, while others don’t even allow this amount.

A few Las Vegas casinos offer anywhere from 10x to 100x odds. And this seems like a dream based on how higher odds reduce the house edge further.

But the problem is that most players don’t have the bankroll to continue taking the highest odds available. If you put $10 on pass line and take 20x odds, you need an additional $200.

The average gambler doesn’t have this kind of money for a single bet, even if there’s no house edge involved.

7. The Labouchere

The Labouchere (a.k.a. cancellation system) is a negative progression betting strategy like the Martingale. The main difference, though, is that it’s less risky.

You start this system by creating a unit size. And the simplest way to do this is by choosing the table’s minimum bet.

The next step involves deciding how many units you want to win during your session. After deciding this, you create a string of numbers that adds up to your desired unit win.

You then add the first and last number in the sequence to determine your bet.

You cross off both of these numbers after a win. And you add the combined number to the end of your string after a loss.

Here’s an example of the Labouchere in action:

• You want to win 18 units.
• Your number string is: 3, 4, 5, 3, 3.
• Your first bet is 6 units (3 + 3).
• You win and your new string is: 4, 5, 3.
• Your next bet is 7 units (4 + 3).
• You lose and your new string is: 4, 5, 3, 7.

Pros of the Labouchere

One good thing about the Labouchere is that it gives you more freedom than most betting systems. You decide your unit size, desired profit, and how to achieve this profit.

Another good aspect to the cancellation system is that it’s not as risky as systems like the Martingale. Rather than doubling your bet following every loss to win back losses, you’re merely wagering a certain amount of units.

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Cons of the Labouchere

The biggest problem with this system is that you’re forced to make a series of big bets during a losing streak. Let’s look at how this works by going back to the number sequence in the first example:

• Your number sequence is: 3, 4, 5, 3, 4.
• Your first bet is 7 units.
• You lose and your new string is: 3, 4, 5, 3, 4, 7.
• You lose a 10-unit bet and your new string is: 3, 4, 5, 3, 4, 7, 10.

This isn’t as bad as doubling your bets after every loss. But most players won’t feel comfortable wagering between 7 and 10 units for several bets in a row.

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8. Making Even-Money Bets in French Roulette

Roulette offers three main variations, which are American roulette, European roulette, and French roulette. The best version is French roulette because it only has a 1.35% house edge.

French roulette is played on a European wheel (37 numbers). But the difference between European and French roulette is that the latter has the la partage rule.

La partage pays half your bet back on losing even-money wagers that land on zero. This effectively cuts the European roulette house edge (2.70%) in half as long as you stick with even-money bets.

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Pros of Even-Money French Roulette Bets

The best aspects to making even-money bets with French roulette include the low house edge and excellent probability of winning.

As for the latter, you have a 48.64% chance of winning red/black, odd/even, and high/low. This is even better than your chances of winning a blackjack hand (42.22%) or baccarat hand (45.85%) when ties are accounted for.

The high probability of winning and the low house edge combine to create low volatility. And this is perfect for players with small bankrolls who want to last in casino games.

Cons of Even-Money French Roulette Bets

The biggest problem is that you can’t find French roulette in most land-based or online casinos.

France, Germany, and Monte Carlo offer a fair number of French roulette games. But the game is sparsely found in most other countries.

Any online casino with Microgaming or Realtime Gaming software will offer French roulette. Cryptologic (NYX Gaming) also has a European roulette variation that’s actually French roulette.

But beyond this, you’ll have a hard time even finding French roulette online.

9. Oscar’s Grind

Oscar’s Grind is another negative progression strategy in the same vein as the Martingale or Labouchere. But this one is more complicated.

You start off by betting 1 unit. And you keep your unit size the same when you’re in a winning or losing streak.

You increase your bet by 1 unit whenever you win following a loss. The bet size stays at this level until you lose, then win again.

The overall theme is to chase losses following losing streaks. Here’s an example to illustrate Oscar’s Grind:

• You bet 1 unit and lose – Bet stays the same (bankroll at. 1)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 2)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 3)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 4)
• You bet 1 unit and win – Next bet becomes 2 units (bankroll at. 3)
• You bet 2 units and lose – Bet stays the same (bankroll at. 5)
• You bet 2 units and lose – Bet stays the same (bankroll at. 7)
• You bet 2 units and win – Next bet becomes 3 units (bankroll at. 5)
• You bet 3 units and win – Bet stays the same (bankroll at. 2).
• You bet 3 units and win – Next bet becomes 1 unit (bankroll at +1).

Once you book a profit following a losing streak, you start the process over again.

Pros of Oscar’s Grind

The good thing about Oscar’s Grind is that it allows you to chase losses without going overboard. You’re only increasing bets by 1 unit following a losing streak, which is less risky than both the Labouchere and Martingale.

The other benefit is that Oscar’s Grind is less likely to reach the table betting limit than the other two systems. This minimizes the problem of running into the table limit during a lengthy losing streak.

Cons of Oscar’s Grind

The first downside to Oscar’s Grind is that it’s more confusing than both the Labouchere and Martingale.

Examples help with learning Oscar’s Grind. But it’s not the easiest to start with if you’re new to betting strategies.

The other problem is that this system is also subject to risk and table limits if you use it over a long time period. The risk is minimized with Oscar’s Grind, but there’s still a small chance that you’ll run into a table limit.

10. No. 12 Seed vs. No. 5 Seed in March Madness

One of the worst kept secrets about March Madness betting is that No. 12 seeds are a good bet to beat No. 5 seeds.

The four No. 12 seeds in the NCAA Tournament usually face long odds to beat the No. 5 seeds. But they also have a high success rate when considering the disparity in rankings.

At least one No. 12 seed has beaten a No. 5 seed in the first round in 16 of the past 17 NCAA Tournaments. Over the past five years (2013 to 17), nine No. 12 seeds have triumphed in the first round.

Pros of Betting on No. 12 Seeds

You can win quite frequently by betting on No. 12 seeds to beat the spread.

In the last nine March Madness events, No. 12 seeds have gone 23-12-1 against the spreads (ATS). This includes an impressive 11–4–1 ATS over the past five seasons.

These low seeded teams can also earn you big profits through straight up bets. No. 12 seeds have a decent chance of winning versus the long odds they carry.

Cons of Betting on No. 12 Seeds

The problem with betting on No. 12 seeds is that they lose a majority of the time.

This isn’t to say that you shouldn’t still bet on No. 12 seeds, because they’ve been profitable over a long time period. But you still need the handicapping skills to determine which No. 12 seeds have a chance of winning, or at least covering the spread.

One more drawback is that you only have four chances to make these bets every year. This leaves you with a very limited opportunity to take advantage of No. 12 seed bets.

Conclusion

Betting strategies should never be viewed as a way to make guaranteed profits and replace your day job. But some of them can be highly effective over the short run and spice up your gambling sessions.

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The most reasonable strategies include betting less than 2% of your bankroll, wagering on the banker hand, taking craps odds, and making even-money bets in French roulette. These help you pull in consistent wins and limit the risk factor.

Riskier systems include the Martingale, Labouchere, and Oscar’s Grind. The latter is the safest of these betting systems because you don’t increase your bet as much following losses.

You can also make long-term profits with betting strategies if you’re skilled enough. These strategies include value betting, using the Martingale in skill based games, and wagering on No. 12 seeds in March Madness.

As you can see, there are a variety of working systems that cater to different interests. And wagering strategies can also make gambling more exciting.