- Do you need strategies?
- Pros and cons
- The most profitable football betting markets
- Best wagering strategies for making money
- General betting tips for making a profit
- Final Words
Football Betting Strategies – Useful or Not?
Football, also referred to as soccer, is one of the most popular sports in Europe. There are several different professional leagues worldwide, with games taking place almost all year round. Betting on football has been around almost as long as the sport itself; punters are continually looking for ways to make a few extra pounds by wagering on it.
If you’re new to football betting, you might be wondering how to make money from wagering on it, or how it stacks up against other sports. Perhaps you’re new to the sport in general, and you’re curious about how football betting works before you place your first wager. Do you want to know more about injury time, or about how long the football betting season is? Perhaps you’re looking for some tips on how to make money while wagering on football, and the best strategies to do so.
Conversely, perhaps you’re already a seasoned football punter, and you’re looking for a few refreshers. Either way, we might have something for you in this article. Let’s start by taking an in-depth look at the advantages and disadvantages of betting on this sport.
Pros and Cons of Football Betting
Wagering on any sport comes with advantages and disadvantages, and football betting is no different. Here are some of the advantages and disadvantages of trying to make money while betting on football:
- Football season lasts almost the whole year
- Many profitable types of bets and betting markets
- A popular sport that’s available at most online bookies
- Many technical terms and betting types to learn
- Requires time, patience and persistence to make money consistently
Football Betting Types to Earn you a Profit
There’s a massive amount of markets available for football betting. Understanding all of the different types of bets can get tricky. With the right betting strategies, you can make a profit, but it’s always a good idea to find a kind of bet that suits you best. Niche betting allows you to specialise and to become an expert.
But which markets should you bet on? We certainly can’t list them all, but here are some of the most profitable betting markets that you can bet on:
Correct score is one of the simplest types of bets to understand, but it’s a tricky wager to win. Instead of picking a winner, you need to predict the final score of the game. Since it’s one of the harder things to guess, the odds can be lucrative, so it’s worth considering.
Top Tip: Do some research into the two teams’ performances leading to their matchup, compared to other times they played against each other. This could give you a bit of an indication of what to expect.
The Asian Handicap adds a defect to one of the teams at the start of the match. For example, it might add a -2-goal handicap to a team which is then calculated into the score at the end of the match. Asian Handicap betting does offer attractive returns.
Top Tip: These bets can be particularly profitable as part of an accumulator bet, as the wager will have a greater chance of being correct.
Half Time/Full Time
Half Time/Full Time is an extremely popular betting market, in which you guess the score at half time and again at full time. Before placing your wager, make sure to shop around for some of the best odds.
Top Tip: Try to make liberal use of historical statistics here. There are no guarantees, of course, but using the right info here can help you to make a more accurate prediction.
With Double Chance, you can choose two of three possible outcomes to a football match, giving you a higher chance of winning.
Top Tip: You’ll get shorter odds for this type of bet, so you need to shop around for the best odds. It’s also a good candidate for accumulator betting strategies.
Both Teams to Score and Win
You must have heard of this common soccer bet. This market is probably one of the most popular in many professional bookmakers, and it’s available at most bookies suitable for newbie punters as well. To win, both teams must score, but you also need to pick the outright winner of the match.
Top Tip: Teams with great attackers, but poor defenders, are prime candidates for this type of bet.
First Goalscorer is a great way to make a relatively easy profit. Simply bet on who you think will score the first goal of the match and, if you’re right, you’ll win a few pounds regardless of who wins the match.
Top Tip: Knowing your players, especially your strikers, will benefit you here.
Draw No Bet
This is probably one of the safest betting markets, and it removes the option of a draw from the game. If you’re not sure that a team will win or lose, you can still bet on them as the winner. However, if the match ends in a draw, your stake will be returned.
Top Tip: Remember, if the team you placed the bet on loses, you still lose. The removal of the draw just gives you a little bit of insurance.
With Win-Draw-Win, you’re picking a team to win the match or wagering on a draw. Most bookies make this option available.
Top Tip: If there’s a clear favourite to win, this is a good bet to place. Make sure to research the states carefully before placing any wagers, though.
Over/Under betting is very straightforward. You’re given a set number, and you aim to say if more goals will be scored, or less. Depending on the odds, these bets can return a relatively good profit.
Top Tip: Over tends to be more popular than under, running for the full game. Make sure that you consider your picks carefully, especially for an accumulator bet.
Football Betting Strategies for Making Money
Having a good betting strategy can make a big difference. Here are a few of our favourite football betting strategies for making money.
Back and Lay betting, also known as Arbitrage betting, is one of the most popular betting strategies used today. It goes hand in hand with Matched Betting, which uses an arb strategy combined with free bet offers.
The idea is to place a bet both for and against the same outcome. You won’t be able to place both of these bets at a bookie. Instead, you’ll need to place a back bet at your preferred bookmaker, while placing your lay bet at an exchange like Betfair, for instance. There’s risk involved, though. The profits aren’t notable, and you’ll have to place a lot of wagers to make a more substantial profit. If you make a mistake while wagering, like misreading the odds, it will cost you a significant amount of money.
Bookmakers also don’t like it when players use this strategy, so be wary. If they find out, you might just find your account limited or blocked.
Value betting is probably one of the easiest strategies to understand, but one of the hardest to implement. The trick with value betting is having an in-depth understanding of a sport. You need to know statistics, player information, team details and it involves hours of research and mathematical calculations.
That said, it’s one of the most popular strategies among seasoned punters for a reason. Value betting is, in essence, a strategy that gives you an edge over a bookie. Experts use value betting by calculating their odds independently and then comparing it to those offered by bookmakers.
Your calculations need to be as accurate as possible for a game of chance. If you don’t calculate your odds correctly, then the entire strategy falls apart. However, if you’ve calculated your odds accurately, then you’ll be able to spot when there’s a significant difference between your odds and those offered by the bookie.
If the bookmaker’s odds are shorter than yours, you’ve found yourself a value bet. With value bets, you can consistently make money on football betting – as long as you put in the time and effort to do research and calculate accurate odds.
General Tips for Making Money When Betting on Sports
We’ve given you several tips for betting on football and, hopefully, you now understand it better. However, there are a few more general tips that we can give you to help you improve your betting experience. No matter what sport you’re betting on, there are a few things you can do to protect yourself against losses, improve your chances of winning and improve your overall skill.
Here are a few of our top tips for punters who want to get the most out of their football betting experience.
1. Bankroll Management
Managing your bankroll properly is probably the most important advice we can give. The chances of you becoming a successful bettor with poor money management are slim to none. It can be difficult to stop losing at spots bets, and you need to be exceptionally disciplined.
Find ways to limit your spending and protect your profits. Make it as difficult as possible to place impulsive or emotional bets.
2. Research and Watching the Games
This might be one of the biggest mistakes that new punters make, and it’s one of the easiest ones to avoid. If you’re going to be placing wagers on a sport, it’s important to actually spend time learning about it and watching it.
Researching facts and statistics about a player, team or sport is essential, but dry information can only give you so much to work from. Watching the games and following the news will provide you with a deeper insight into the abilities and habits of different players. If you want to make money from wagering on football, then you’ll be better off if you already have an interest in the sport.
3. Understanding Markets and Niches
Football has one of the widest varieties of betting markets available today. One of the biggest mistakes that many punters make is trying to bet on all of them. Making money from football betting isn’t about the number of wagers you place, but about making smart bets. Find those betting markets that you understand the best and learn as much about it as you can.
4. Shop Around for Odds
Say there’s an upcoming game between Barcelona and Real Madrid. Tickets everywhere are sold out, but you’re lucky enough to find two operators that still have a few tickets left. The one is offering tickets at £/€/$35, while the other is selling them for £/€/$32. Obviously, you’ll go for the cheaper option.
The same applies to odds. Instead of sticking with one bookie, you should shop around to find the ones with the best possible odds. With better odds, you can make more money by spending less.
5. Log and Analyse Your Wagers
You’re going to make mistakes as you go. It’s inevitable, and it’s one of the ways that punters learn how to refine their strategies, what works and what doesn’t. By keeping a logbook of your wagers, wins and losses, you can go back and analyse your performance.
Reviewing your bets can give you a deeper insight into which strategies are successful, and which ones don’t work.
Making money from betting on football isn’t difficult if you know what you’re doing, and provided that you bet smart. Understanding the sport is particularly important, especially the different types of betting markets, strategies and best practices.
Many punters make their money from wagering on football, but you need to have the time and discipline to make money from it. You’ll need to research games and statistics, develop strategies and more. Most importantly, you’ll need to be able to face up to any mistakes, or you won’t be able to identify problems in any betting strategies you use.
Hopefully, this article gave you a bit of insight into how to go about making money from wagering on football. All we can say now is, good luck!Published on 16 June 2020