Bitcoin Forum

You can find the extensive lists of Betting Strategies & Betting Psychology here: https://sportstatist.com/betting-strategies/

As you know, some players prefer to bet following certain betting strategies. At the same time, some players use their own betting strategies, and some do not even know about their existence, or do not believe in their effectiveness. In short, this topic is intended to discuss betting strategies and the psychology of betting as well...

Sorry to say this that if I should read that book (the articles on the link) that is included in the OP before I should start to bet, that means I will never bet in my life time. I think I do not have to be like I am going on an educational journey like schooling before betting.

But I will like to know about expected value. I checked this while I clicked on the link: How much should you risk per bet? (http://sportstatist.com/how-much-should-you-risk-per-bet/)


I have preferred to just use 5% or less of my weekly income on gambling, this has been helping me, but this is new to me and I do not really understand what expected value really is. Can you illustrate it?

Let us take example from Club A and Club B.
If the odd for club A to win is 1.8
While the odd for club B to win is 2.4
If odd for draw is 3.5
How is the the expected value calculated using EV = Po - 1? To know if it is positive or negative.

I think we should able to manage our risks when it comes to gambling rather than reading multiple online articles on gambling psychology and strategies to use which can drastically reduce the way we gamble to zero. Gambling is more of risk than what we are looking to make from it which I think we should be able to handle ourselves.

Even without using a betting strategy especially in sport betting, we can sti make good profits and earn more than those than are relying on a particular strategy to gamble and make winnings. I do prefer betting in a way that suit my interest than forcing myself to dance to a particular strategy that may choke my earnings later.

Basically the expected value, is the average value you can expect from a game or a bet.
To compute it from a bet you need to know the real likelihood of the outcome to happen.
If you are likely to win 1$ half time and lose 1$ the other half you will get 50 times $1 and 50 times - $1 if you repeat the event 100 times. The average winning value will be then 1+1+1...(50 times)+(-1)+(-1)+(-1)...(50 other times) divided by 100
That is to say ( 50 x 1 + 50 x -1 ) / 100 = 0

Here with a 1$ bet on a Club A victory @1.8 we would be expected to win $0.8 and to lose $-1 an unknown number of times if we were able to repeat the match in the same conditions 100 times.
If we think this number of Club A victories would be 60 for 100 matches against Club B, that is to say if the real likelihood of their victory is 60% then we will get
EV = 0.8 x P(Avictory) - 1 x P(Anovictory) = 0.8 x P(Avictory) - 1 x (1-P(Avictory)) = 0.8 x 0.6 - 1 x 0.4 = 0.08

Now if we want to include the expense of the stake.
We can consider we will lose it each time (100%), get it back with the winnings($1.8) 60% of times and not receiving anything($0) 40% of times, then we will get
EV = 1.8 x 0.6 + 0 x 0.4 - 1 x 1 = 1.8 x 0.6 - 1 = 0.08

So we can conclude that EV of one bet is its european odds (1.8) multiplied by its real likelihood to happen minus the stake ie 1 if we compute it for a one dollar bet.

You are definitely right about this.

Assuming I am collecting $500 weekly, and I use just $10 (2% of the weekly income) to gamble weekly. If I lose the $10, would I think about it? I can not think about it and I can not be depressed at all. Gambling is risky, the best approach by gamblers is to know that gambling is risky, they should just take it that way. Using little amount of money that would not harm our life is better. I too win than lose when I bet appropriately and not going betond my capability in term of money to bet with.

Thanks. I appreciate your calculation. But if I should be sincere, is this necessary for a gambler? I think using the amount of money you can afford to lose is enough. Or is it not? Rather than to be making a calculation that most gamblers are not using at all (not you, I mean the article).

Yes I agree with you, I don't think many people are doing those calculations because it's not possible to correctly guess the real likelihood of a match outcome, unlike gambling games like roulette or dice for example where it's fixed and known.
But it's still important to always evaluate its order of magnitude I think, even unconsciously.
If you have a @1.01 odds while you think the team has only 50% chances to win, it's not a good deal. A good deal is an odds above the inverse of the real likelihood(or your own evaluation of it actually). That is to say above (50%)^-1 = 1 / 0.50 = 2.00 here.

I think that despite sport betting involving also skills beside luck there is still luck there,one example is the number of times the favorite team may not win and may hit the bar once or twice during the game,that is called bad luck and luck is absolutely the king in every single way of betting being it sport betting,slot machines or poker games.

The title of this thread says it greatly,Betting Psychology,meaning that those numbers are only there to make us feel good when we are placing the bet and also during the time that we are waiting for the outcome of a soccer match we have high hopes that the bet is going to be won by us because of those numbers.

When a losing streak sets in, no strategy will help, no one is safe from this. If you play consistently for a long period of time, then everyone will have a losing streak at a distance, it is during this period that there will be the most nerves and loss of money, it is during this period that it would be worth stopping, but the desire to win will force you to play further. I've never been able to make money this way.

I was really surprised to find such a very detailed list! It can a good resource for any professional bettor or someone who has decided to take betting very seriously to have as a reference material for any particular strategy they intend to check out. But for others, It can become an exhausting read if your read without a motive and no intention to learn anything in particular. Understanding strategies in betting can increase your chances of winning, but it doesn't ensure victory still completely.

Most of the "strategies" you read about are basically trying to make you a smarter gambler and make more calculated bets, but personally I like to risk a small amount of money to win a large amount. Parlay betting which is extremely risky as you have to win every game you pick, but if you are correct you can turn a small amount(like 2$) into $1000+.

If you make 50 parlays over the course of a year with 50:1 odds and a $2 bet, you only have to hit 1 to be in profit.

There's a LOT of stuff there I must say, I'd probably suggest going there if you only have a specific issue or strategy in mind you want to check. Might even be better if OP's recommendation had a summarization for newbies and then specific articles for the other stuff.

I think most people don't really use strategies or don't mind them is because it only makes their betting efficient, but not effective (If I used those terms correctly). It's not a guaranteed way of profiting, like a 100% win rate for example, but rather if you use strategies and whatnot, you can potentially out win your losses in the long term.

Yes, indeed, luck is the most important factor in gambling and here you can use absolutely any strategy or, in fact, acting relying on your gut or intuition, but still thank you for the link to the OP strategy book.

The material is really encompassing like you said and in fact it is capable of confusing a bettor on the strategy he has been using especially the winning strategy. It is the guide for bettor who has been finding it difficult to be lucky in winning


I use to know confidence as one of the good factor to get you convinced to place a bet but I read somewhere in the link that confidence can make the bettor change emotion to the bet. Quite a large material to learn from.

This might be helpful if I am a college undergrad looking to create a thesis for social studies, but apparently gamblers won't read that long of an article/paper before they make their bet. It's helpful that it's there whenever someone will need it for their researches and whatnot but as a gambler, we want something direct and straight to the point.


True. When a lose streak sets in, that's when you have to pray to the gods that you'll get it cut, or you just have to stop and call it a day. No strategy is applicable on a lose streak on luck-based games, and the best one can do on those situations is just walk away.

I just notice that OP is spamming the link that he posted here on all the gambling discussion threads even on the discussion that has nothing to do with his link and he's been doing this for the last two years based on his trust rating and posts history, I will not be surprised if he gets ban or gets an additional tag, why not just wear a signature created for his websites to avoid being flagged as spammers he will only spend $30 for a signature.

He'd been doing that for a while already in every thread he created, it's why he was tagged by TwitchySeal. Obviously, he had his aff link on those web pages he posted. He created several websites to spread it. I don't think this kind of method still works since most internet users today already know this sort of spam.

Anyway, with a series of losses experienced by betting on casino games, a gambler would realize soon it's not worth using the strategies because no matter how good the strategy is, it still depends on luck such as having good cards.

Many think that strategies in sports betting can produce and can be applied in an integrated manner, for me there are many strategies and choices that can be made in soccer betting.
For example:
• Optimal strategy, single soccer betting strategy and Handicap betting strategy.
Everyone who has ever bet on soccer knows about that strategy, but what I often use is optimal and handicap, but if I look at the website you show above there are points that can be taken.

Talking about the psychology of soccer betting, it is necessary to pay attention to what else online betting, to achieve good results in soccer gambling, usually someone has the ability and understands psychology carefully, I mean the personality of the bettors themselves, especially in soccer predictions, team predictions, focus and also regularly following the team we want to bet on.
I think the characteristics of psychological emotions, every soccer betting bettor must be able to control it well, otherwise Greed, excitement and fear can be dangerous for themselves, especially in soccer betting.

it is fine if he will only post the link in one thread only in the related board. but if he will post the same link in several threads, then something is wrong with this picture. but checking the link , that's a very long list. maybe, some gamblers will find it helpful one way or another. but did they really write those articles originally as i couldn't find any reference at the bottom of each article?

Interesting article, but I already have my own strategy, maybe it's more or less the same as some of the notes on your link @OP. If I read all entirety of the article it possibility also take a long time to understand it, that's a lot. Besides that, I also prefer parlay bets same as yahoo62278, I also looking for the sensation of high wins with small bets, although at the beginning of this season I haven't had any success in winning any bets, but I enjoy it because it's small amount.

This is true, A high risk high reward bet is less hassle and eliminates a lot of human error in the process compared when playing the long game with calculated risk. Gambling is still base on probability which means you are just decreasing the chance of losing by managing your risk when you use different strategies but it doesn’t change the fact that you are still gambling with a chance of losing the moment you place a bet.

On your sample was you are betting a small amount for a chance of winning big to save time on going through the hard process of winning bits by bits on a small odds.

I think this has something to do or associated with superstitious beliefs where people would follow a certain technique or mantra that will help them ease their anxiety.

While that may be the case, there are some betting strategies that have been used over the years. Personally, I practiced using the Martingale system of betting in order to recover quickly my losses. The only downside is, I have to prepare a huge amount of capital every time I bet since my betting fees grow exponentially every time I lose.

Thanks for sharing the list, i've read a couple of strategies that caught my attention like the teasers but it's unfortunate that most crypto sportsbooks still don't have that option so I don't think i'll be able to use that strategy anytime soon. Also the other strategies on the list were fun to read as i've used them at one point and made me remember my past betting experience.  

As far as my own opinion on the use of betting strategies, I believe that they can mostly only help mitigate potential losses if used correctly, nothing more. Therefore, I strongly recommend everyone to use them with great care, as there is not really a single 100% winning strategy.

All the lists on the page provided by @OP are articles that people can read. But I'm not sure if it will work according to the situation and circumstances because I think when the situation changes, we have to be able to adapt too. But at least it can help people who want to learn more about sports betting but better have their own strategies that can suit them.

over this short period of time that i am in sports betting i have realized that even if the person uses so many strategies at the end of the day the person will come out with losses, unless of course they are very lucky to win a lot of money at once and then just keep making bets with little money, that being said I mean that I do the following:

1 - I don't bet on a single game even when odds are 1.50 or 2.00

2 - I just bet a very small amount even when I lose I keep the same small amount of bet

3 - I prefer to place multi bets with odds above 4.00 because this is the only way to become profitable in the long run, of course making a multi bet has more risks

Strategies are pointless in luck based games. Martingale, reverse martingale or any other complex algorithms/sequences do work but not for you. They work for the casino because there is that thing called house edge and the house edge makes it sure that you lose if you play more and any of these strategies make you play more.

As far as the psychology goes, you should only know when to leave the table and never ever double down on our losses. (that's called martingale)

It won't be called gambling if it purely relies on skill but that can be called a job already because the pay is guaranteed once the task is done. So yeah, sports betting needs some luck because good players cant always perform better at all times and what if accidents happen in the field? This can affect their gameplay which can cause them to lose so you will lose your bets as well.

The weather, the audience, etc are also a factor. Match fixing can also ruin your better experience but I think this is intentional and not really a cause of bad luck. Gambling involves psychology but I think this one can be easily bypassed only to not feel bad whatever the results we are getting.

Being knowledgeable about betting and gambling is not just enough, you need to develops skills and strategies too particularly in sports betting. But honestly, in most cases, if you are not lucky, you will make less profits in gambling. Even in sports betting, luck is still essential as gambling is more on chance and luck, the reason why some gamblers still often lose their money no matter how good they are in betting.

It's a consolidation of different strategies, good compilation I should say. I like that it has different articles about betting psychology too. Well, I haven't read most of them but the topics are interesting to me.

It could work for some but we know that not every strategy works best for everybody. So, if there's some of the strategies that could work for some then they should try it out.

But if it's not working, better not to push it and be hard on it unless you want to face the consequence of it.

Strategies work in our psychological giving us hopes in vain we can beat the house and profit through them. Strategies improve a gambler's self-confidence, excitement and desire for playing, because somehow they work like a shield which makes the gambler believe he is protected and immune against the risks of gambling, especially the so feared long loss streak.

On the other hand, we can't give up on strategies when gambling. They are an important aspect of every responsible and successful players, because without strategies you play without rules and end losing more money than you can afford to lose. The point is that a gambler has to balance the strategy he is going to adopt, without escaping from the harsh reality that even though you are strategical you are still exposed to risks in gambling.

This is particularly important to serious bettors, those who are betting all the time and those who are betting with big amounts. It is really important to strictly observe proven and tested betting strategies and betting psychology if they want to go into betting full time. But for those of us who are only betting every once in a while and wager only small amounts, those who are betting exclusively for fun, there's really no need to get into tiny details of betting strategies.

No betting strategies can make you win because we bet on matches and we cannot be certain about the outcome of the match. Yes, betting strategies can be for money management as to how much risk should we take in each bet and how to control the risk in case of loss and all such stuff.
Betting psychology also helps to avoid emotional decisions and to remain calm during wins and losses. Don't get too disappointed on losses and also do not be overconfident on winnings.

I didn't read the article you included but surely there are many strategies that every bettor uses, for example, bettors who only place bets on the most favorite team or athlete in the tournament every time they will compete, indeed the odds of betting on the favorite team/athlete will be small but the chance to win the bet is bigger, or also bettors who use statistics and H2H to choose their bets.
However, whatever strategy is used, it will not always work as expected, sometimes the strategy used will be wrong, but if the strategy used is often wrong, it will be better to learn and change it to a new one.

That's for sure because having enough knowledge will help us know what we can choose and which team has a higher winning potential than its opponent. But indeed, winning in gambling is still related to luck so we must also think about it and not rely too much on strategy because if the situation on the field changes, the strategy will not be successful. In addition, whatever bet you make, you have to be ready with the result because there are only two results you can get: winning or losing.

It would do no harm if we'll read some articles regarding gambling psychology or gambling strategy. After all, psychology really plays a role in a gambler's life. It explains the way how a gambler place bet and how consecutively they bet. This reveals gambling style and explains why a person has that kind of thinking and method when it comes to playing. Although despite claiming that reading brings no harm, of course, we must still know to fact-check so that we won't absorb false information and knowledge that may lead us to the wrong directions.

Risk management should be done every time if someone do not want to go bankrupt and lost in his gambling journey. If someone do not know how to determine a risk, then he is in trouble. Because gambling possesses so many risks and if someone do not know how to minimize it or let alone distinguish one, then he might fall in web of chaotic situations. Learning and knowing several gambling and betting styles aside from what you are used to could be of great help in playing. So, it's not really bad to discover new things once in a while.

Some people are playing lottery games by using the same numbers over and over again. This is something like a strategy(a pretty simple strategy). Other lottery players are using different number combinations and different numbers, which are somehow related to their lives(birthdates of their relatives for example). Those lottery strategies don't increase their chances of winning the jackpot at all, but they give them a cense of control, of having a plan and a purpose. The same thing applies to gambling games. The betting strategies have a delusional placebo effect and nothing else. Sports betting is different than dice/slots games or the lotteries, but many people play sports betting the same way. Maybe I should call them "low IQ gamblers" if it doesn't sound too offending. ;D

I have to say, I am not a professional Sport bettor, but I certainly learnt a lot about Sport betting from this article. It is a lot of information to take in.. and it might be challenging for people with no math background, but it can still help you.. even if you failed it.

There are a lot of science behind the calculations being done to be successful and even if you master that, you will still not be successful, because the casino will limit your account or they will simply close it.  ::)

It is not compulsory to know the professional mathematics before you will bet, people do not have to learn so much before betting and making some profit. Betting guild can be very simple and educational.

If you keep to the terms and conditions of a reputable casino, they can not close your account. But it is very possible that a casino can limit the amount the person can bet with, this has not happened to me before, but I have heard of cases like this. 

Either way, both the player who is playing for fun and the one playing with bigger amounts will yield result in every outcome, no player will reject a winning ticket, so basically having some strategies in the pocket is not a bad idea but the problems with strategies is that they are theoretical. Most often than not, gambling involves thinking about how to make moves usually filled with emotions. It will surprise you even as a player that you will not remember all the strategies you have learned to handle some situations, the only thing that does help out sometimes are instincts and the mind.

I think just focusing on few strategies is best for a gambler, this article has too much of a strategy and psychology but for sure if one focus on few things that will be enough for sure useful in the present or future use. The psychology is something worth to read I guess since we will learn more about the thing that's tricky to most gamblers.

We have different strategies and there's no single specific strategy that is effective for everyone since we have different target goals. There are only a few strategies being used by gamblers nowadays and I don't think complex strategies would still work for everyone. Psychology would also help in the strategic growth of a gambler.

Was a good read through your betting article, I even found out a few new things I didn't know before. Like you said, everybody has a betting strategy he follows, even if he isn't aware of it out brain will use it subconsciously. This is probably due to the nature of humans, we humans like to follow patterns and routines. Our brain searches for pattern in the most random environments. For me martingale is the best strategy for gambling, with one win we offset all the previous losees. I am aware that martingale approaches have drawbacks and are no guarantee for a profit. But it helps me to be methodical about my betting amounts and keep track about my past losses. Also martingale can be added on top of many different strategies.

psychology will determine the final outcome. Strategies that are made from scratch or special strategies will be affected by psychology. Each strategy used by a gambler will indeed be different but there are some of the gamblers using the same strategy. the ultimate goal remains to make a profit. Organizing and training psychology from an early age will be very useful so that psychology is not unstable and remains on the strategy that was made at the beginning.

It actually depends on the game. There are still betting games which could be won with certain strategies. Although there is still some luck involved, certain strategies could indeed influence to a certain extent how the game would end.

Strategies in terms of money management is also very important. It could make or break a gambler. It could mean fun or disaster. Betting psychology also matters a lot. The effects of gambling could actually influence a person's behavior even outside the casinos, even hours and days after gambling.

Again, all this matters more to serious gamblers and high rollers compared to those who only makes a bet occasionally.

I tried to see the link you shared, but it took me some time to read it even more to understand the essence of betting strategy and betting psychology from the article. it seems that this article is very interesting for me to read further, moreover there may be a lot of information that I don't know about sports betting.

however, when it comes to sports betting, we have our own strategy and it is quite effective for me personally. maybe I'll try to compare it after I read the whole of the article you shared.

Wow, that has to be the most extensive list of betting articles I've ever seen and it would take days or weeks to read through all of them. It seems a lot are based on a thorough understanding of mathematics and this is a key thing that many gamblers struggle to get. Unless you're playing a timeless game like poker which involves a lot more psychology than most games, then you also need to understand that the more people who figure out and use the strategy - the less you'll end up making on it over time until eventually it barely hits break even. Unless you're playing with pure honed and statistically repeatable over a long time skills, you will eventually revert to the average.

Exactly. I think complex strategies works to those who likes it, and to be honest they are not that complex if they understand it, it's just have been seen as complex if we don't know how it works. As far as I can tell, some complex strategies tend to works well too but depending on the outcome most still relies on that good luck.

Strategies couldnt really be precisely be that effective if we do make use of it on luck based ones which is common sense but if you do apply strategy on games which do fully
rely on strategy then it would be somewhat effective but well we know that when we do talk about betting and gambling then it do pertains about being lucky most of the time.
Psychology would really differ on each person but we would really be realizing on what are the things needed when we do able to get actual experience
but well it does vary since we do have different impressions when it comes to this.

At least we have to select it to find a strategy that we can use and can give us victory. It's not easy, but that's what we must do to win. But using strategy does not guarantee us to be able to win the game we play, so keep that in mind and don't rely too much on strategy. And if we just want to play and get pleasure from gambling, we don't need to use any strategy.

Applying a strategy could be like trial and error. We can try and pick the ones that will fit our trading style. A single strategy won't fit everyone's trading journey so we must have the courage to choose the one that will be effective as we trade. Some of the strategies given on the list are proven effective but it depends on how we will apply them.

Luck will never be gone and out of strategies. That's what we used to say and believe and you're right about having those complex strategies, they're not complex when you understand them.
And if it's new to you, you'll have that feeling that it's a complex one until you start doing it and you're making good results out of it. To be fair, some non-complex strategies are also working too so, it's really a matter of choice what works best for each gambler.