Strategies such as these use knowledge of mathematics to profit over a distance. One striking example is an experiment by three mathematical scientists from Australia, Brazil and Japan who studied statistics and developed match selection criteria. The betting amount was fixed at $50.
A special programme found suitable matches. For five months, they played according to their methodology, earning a profit of 8.5%.
The information about the betting was made publicly available by the scientists. The example shows that mathematical calculations are capable of generating profits without the bettor’s involvement.
The second case is the research work of a Swedish mathematician who managed to make a 27% gain in the pot over a couple of months. He investigated long-term expectation trends. Having discovered certain regularities, the professor used his knowledge to play with bookmakers.
The result was the aforementioned winnings. These are examples of win-win strategies in betting. They were the result of scientists’ work, about which you can find out more by referring to a search engine.
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Causes of bankruptcy
Even the best strategy does not guarantee consistent profits in betting. The percentage of players who have made betting a reliable source of income is very small. The reason for this is not just the bookmakers’ dislike of them, seeking to cut their limits.
The main problems are trivial; they play into the hands of betting shops:
- deviation from the chosen financial strategy;
- irrepressible gambling;
- Let us consider them in more detail.
Lack of discipline
This factor tops the list because following a strategic plan is the most important thing in a sensible long term betting game.
Neglecting discipline leads to mistakes and, consequently, to losses.
Discipline is just as important here as it is in the army, where people risk their own lives. There is money at stake, sometimes a lot of it. If you are not disciplined, you can lose all your hard-earned money.
Neglecting financial strategy
Even seasoned gamblers can resist the urge to bet more money on a “sure bet”, either to win back or to win the big one. This is a “disease” that results in frequent failures. Financial planning helps to keep your bankroll from being drained. If this factor is neglected, everything can collapse precipitously. By moving away from the financial strategy, you can first achieve a win, which will inspire and spur the desire to repeat. But sooner or later the luck will run out, and the desire to win back quickly will lead to collapse.
Lack of discipline is a recipe for bankruptcy 99.9% of the time.
Sports betting and gambling are very compatible. They fuel the feelings of sports fans while watching a match. But for betting, the goal of which is to make a profit, excitement is unacceptable. Decide right away what is important to you – enjoyment from the game or increasing the bankroll.
If it is the latter, you must be sober, without the slightest influence of excitement. You can cheer for the team or anticipate winning, but so that it does not affect your decisions and actions while betting. Otherwise a win-win sports betting strategy won’t work.
It is inherent even to professional bettors. It is always easier to play for fun and try out your prediction skills. Betting for profit is a lot harder. It requires perseverance, attentiveness, working with information, and the discipline mentioned above. All this can cause procrastination and banal laziness. All work requires effort. The result of laziness is mistakes, leading to a decrease in the number of bets won. In such a case, even the best strategy will not save you.