Our Strategy Guides
There are strategies you can use in pretty much any form of gambling. As we have already explained, our view of a strategy is that it is actually doing something that can basically improve the odds for you. This is usually done by adopting specific methodologies or by learning particular skills.
Our website features a number of strategy guides on the most popular forms of gambling. Here’s a look at them in detail.
There is a strong argument that poker is not a form of gambling at all, but is in fact a game of skill. We don’t really disagree with this argument although it cannot be ignored that there is an element of chance involved too. Ultimately though it doesn’t really matter what label you put on it, the bottom line is that you can play poker for money and risk your money to try to make a profit.
In terms of strategy, there is an awful lot of it involved in poker. Poker strategy is really quite a complicated subject, although there are plenty of basic strategies that beginners should be able to understand reasonably easy. There is also a lot of advanced strategy which is far more complex.
Put simply, poker strategy is about being better than your opponents. If you put the effort into learning all about the game and how to play it, then you have every chance of becoming a winning player. We have compiled a comprehensive guide to poker strategy that will help you improve your skills.
Playing casino games is different to betting on sports or playing poker in that there is ultimately nothing you can do to put the odds in your favor. The house edge is always stacked against you. That does not mean it’s impossible to win, it just means that the casino has the advantage. It basically comes down to whether you can get lucky enough to having a winning session.
With that being said, there are certain games in the casino that do involve some degree of strategy. In these games, making the right decisions at the right time you can greatly improve your chances of winning. You can learn about the relevant strategies in our casino game guides, and we also have a section looking at some general strategies that can be used in the casino.We should mention that there is one casino game where it is technically possible to actually put the odds in your favor. That game is blackjack. There is a strategy known as card counting that, if implemented correctly, can give you a small advantage over the house. It is not an easy strategy to master, and casinos will do everything they can to stop you counting cards successfully, but it can be done.
While betting on sports is unquestionably a form of gambling that involves some degree of luck, there is also a significant skill element. Indeed, there are many skilled professional gamblers in the world who make a good living from their betting activities. Most of them are successful because they are well disciplined, and know which strategies to use to consistently beat the bookmakers.
Sports betting strategy is largely about understanding the sport you are betting on and knowing how to choose which bets to make and when. It is not exactly easy to be successful, but it is certainly possible if you are prepared to put in the required effort.
There are also several specific strategies that you can use when betting on sports to help improve your chances of winning some money. We have covered these, and much more too, in our sports betting strategy section
Staking: One method to improve your betting
Discover why staking methods are important in betting
Learn about the most common staking methods
Find out which staking method is best
The five systems are outlined below – which letter do you think each line corresponds to?
Strategy 1: Bet everything, every time
Bet your entire bankroll on each bet. The advantage is that you get big returns, fast. The downside? As soon as you lose, you’re out of money and out of the game.
Strategy 2: Fixed wager
Bet a fixed amount for each bet, and don’t vary no matter how much you win. In this example, it was $100. If your chance of winning 55% on a 2.000 bet, this method means you’ve dramatically reduced your chance of losing your entire stake. Unfortunately, it means your winnings are limited to increase in a “slow and steady” fashion.
Strategy 3: Martingale
Bet double your stake after any failed bet, to cover your losses with the next bet’s winnings. This gives a quicker increase than fixed wagers (as you’re doubling up to cover any losses). If you experience sequential losses, however, the required stakes continue to double, and you’ll very soon be betting large amounts to cover your losses.
Strategy 4: Fibonacci
Increase your stake in a Fibonacci sequence, to your losses with the next bet’s winnings. This method has similar drawbacks to Martingale method in sports betting, but it reduces how quickly the stake increases if you’re on a losing streak (and therefore also reduces the rate at which you win).
Strategy 5: Proportional betting
Bet a fraction of your bankroll in proportion to your edge. In this simulation, we used the Kelly Criterion formula for proportional sports betting. With this method, your bet should be your edge divided by the odds. In this example, as the edge is 10% and the odds are evens, 10 / 1 is 10.
Therefore 10% of the $1000 wallet should be bet: $100. Should that bet be successful, the next bet would increase to $110, 10% of the new $1100 wallet. This means winnings increase quicker than in the fixed-wager system, and losses slow down.