How To Pick The Right Bets



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How To Pick The Right Bets

Betting School ImageThe betting school lessons on individual sports give an insight into understanding how betting on each sport works and some of the best methods for spotting good bets. For all sports there is a general process in selecting the right bets and placing your bets and beginners should start here before examining how to make money in their particular sport preference. If you aren’t going through a process very similar to this then it is highly unlikely you’ll ever make a profit.

Research

To find your bets you are going to have to do some research. This might sound boring but it’s the only way you are going to find some bets without being given a red hot tip or a great piece of information and it can also be one of the most fun parts of your betting life.

  • Use the internet - you have a wealth of information at your finger tips.
  • Need the best sites? On the OLBG Forum at the top each sport page you’ll find suggested sites from OLBG members.
  • Evaluate the information you’ve found. It will usually be a list of fixtures or a race card.
  • Think about what areas of the sport you know best and how you’ll gain an edge over the bookies. If you have some information the bookies don’t have you’ll have an advantage.

Your research is going to involve stats of some sort, don’t forget that every previous result you look at for any sport is a statistic. Using stats, select the outcomes in each event you think are most likely to win. If you aren’t sure about a particular match or race then simply move on, it is hard enough to win on the bets you are most sure of so betting on events you are unsure of is a sure way to lose money fast.

Other Markets

Don’t forget to look for bets in several different markets. As you become more experienced with betting you will know which markets you are most skilled at picking winners in but try out a few markets in the early days and your betting and see how you get on. You might find some great betting opportunities. This means football fans shouldn’t be restricted to betting on which team will win a match, think about what games might be low scoring, which might be high scoring, when in the match the goals are likely to go in and who might be most likely to score them.

Value and Odds

Betting School ImageOnce you have a shortlist of bets you need to decide exactly which ones to back and to do this you’ll need to look at the odds of each selection and decide if those odds reflect the chances of the selection being a winning bet. Backing the most likely winners isn’t as sound a betting strategy as it sounds. You’ll need an incredible strike rate to make a long term profit. Value betting involves backing selections where the odds are bigger than the chance of the selection winning and if you are a decent judge this strategy will make a profit in the long term. The better value you find, the more profit you will make.

So cross out any bets that you had picked out where the odds were too short for the chance of the bet winning and you are left with your value bets for the week. For more on value betting read the full lesson here.

Odds Comparison

An important part of the placing a bet process involves odds comparison. Odds comparison sites such as ValueChecker show odds from all the major bookies on each event and market so that you, the punter, can easily pick the bookie offering the best odds for your selections. If you aren’t getting the best odds possible you are going to find making a profit much tougher so make sure you use odds comparison before putting your bet on.

For more information on how to use odds comparison click here.

Learn

Making a long term profit from betting isn’t always easy and you always need to learn from not only your mistakes but also your successes. When you find certain events or markets are the ones you win on you should look to concentrate on those events and markets in order to exploit them. The more you learn as you repeat the processes above the more money you should make in the long run.

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Comments from the Forum

  • monkeytennis

    <r>What part of the process of picking the right bets is the most important and the key to making long term profits?<br/>
    <br/>
    <URL url="http://www.olbg.com/school/lesson23.htm"><s></s>How To Pick The Right Bets<e></e></URL><br/>
    <br/>
    Think this Betting School lesson needs anything else added to it? Disagree with anything written above? Let us know your thoughts and your insight could be included in the OLBG Betting School!</r>
  • Demarks

    <t>Every part of the process of picking the right bet is important which includes Research, checking out the different Markets, deciding on Value and Odds and Odds Comparison; however, I think that the Value and Odds plus Market mix section is very key to long term profits.</t>
  • pumpdaball

    <r><QUOTE author="monkeytennis"><s></s>What part of the process of picking the right bets is the most important and the key to making long term profits?<br/>
    <br/>
    <URL url="http://www.olbg.com/school/lesson23.htm"><s></s>How To Pick The Right Bets<e></e></URL><br/>
    <br/>
    Think this Betting School lesson needs anything else added to it? Disagree with anything written above? Let us know your thoughts and your insight could be included in the OLBG Betting School!<e></e></QUOTE>

    Without going too deeply into this, "Picking Bets" is really "Predicting the Future" and until the predicted future event is over, we have no clue if we were right or not, at which point we cannot make changes to that prediction. Therefore I think the most important key to making long term profits is "Discipline" followed by a methodology. Look at a football manager, all the predictions he has to make for every single position of each player for every single game, and we get very upset if our team do not win. that is stressful pressure but in reality it is all predictions, he doesnt know until the game is over if he was right or not. so he has a methodology / a gameplan. to assist his predictions. which is what the punter who wants to make long term profit must have. <br/>
    conclusion to the question. Discipline and Methodology / Game Plan</r>
  • mukinu

    <t>how can you ever know that a certain bet is the best value?</t>
  • monkeytennis

    <r><QUOTE author="mukinu"><s></s>how can you ever know that a certain bet is the best value? <e></e></QUOTE>

    This is all down to personal opinion. The most profitable punters will have the best perception of value and the least profitable punters will have the worst perception of value.<br/>
    <br/>
    The best way to think of value is to look at the odds and then consider how many times your selection would win if the event was re run several times. <br/>
    <br/>
    For example, if you are betting on a 10/1 shot you'd need it to win at least once in 10 runnings of an event to produce a profit. The more often out of those 10 runnings you'd expect it to win, the better value it is.</r>
  • Harkinyhemmy

    <t>how can you ever know that a certain bet is the best value? Any way to know these?</t>
  • Jim Brown

    <t>@Harkinyhemmy see the post above yours. It answers the same question asked before you.</t>
  • 79london

    <t>To make a good pick you must think 2 times and than follow the hart</t>
  • drifter777

    <t>Good pick is not just to take some. It is about following some stats ,teams mad players\' performances.</t>
  • oscar205

    <t>have few teams in your list study their performances and also watch out for red card for key players of the team if you are football fan because it will likely going to affect the team next performance .</t>
  • ifemau

    <t>To make success in betting, you need to study the stats, injury, red card and the teams target. You also need to consider home and away advantage.</t>
  • Robmull

    <r>In my opinion, finding value bets is the key to making a profit on a long term basis. <br/>
    <br/>
    The true case study towards the end of the following blog may prove of interest to readers, together with some of the methods for identifying value whatever the punter's chosen sport. <br/>
    <br/>
    Naps Of The Day – How To Choose Value Selections<br/>
    <URL url="http://www.olbg.com/blogs/post.php?id=410221">http://www.olbg.com/blogs/post.php?id=410221</URL></r>
  • shotashota

    <t>amdeni axsna ra sajiroa</t>
  • jmfwwfc85

    <t>Selecting the correct bets is a tricky business if the overall goal is to stay in the green. In my humble opinion you need a mixture of; solid research, good prices, great value, a plan, discipline and bankroll management. For example, without good research you'll be making 'gut feeling' bets which in my opinion is the fastest track to a busted bank. However, even with solid research, losses will occur, so the prices you are getting for your selections need to ensure your bank can take the losses and still be in the green at the end of the day. Saying that, good prices alone will not guarantee your success either and a solid knowledge of value and real probability is also needed. I've found though, that the hardest parts of staying in profit are discipline and bankroll management. As a footnote, I would also mention how dangerous betting on sports where you have limited knowledge can be. I've busted one or two banks betting on tennis and golf, both sports where I have limited knowledge. </t>
  • raggie68

    Selecting the correct bets is a ever changing thesis that consists of many components. Things like does the horse perform at that course, does the Jockey have a good record on the track & on the particular horse. Then you start to bring in weights & track conditions. One of the most significant things to watch for is when there seems to be a plunge, the strike rate of big gambles these days do seem to work more often than not.One thing that I pay particular attention to is the change in the gear that the horses wear, as some of these can correct the littliest problem & change a horses mannerisms overnight. Speed maps are also useful as it is always a good practice to attempt to understand how a race may be run.Good Luck & Good Punting

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