How to cheat honestly in Sports Betting
When anyone mentions cheating, it’s assumed that whatever is happening is unethical. That might be true some of the time, but there are ways of ‘cheating’ in sports betting that are more of a strategy than actually cheating. Have a look at the good, the bad and the ugly side of trying to beat the bookies.
The difference between honest and dishonest betting
Most people would be able to explain to you what they think honest betting is. Placing wagers according to the usual systems, without trying to cheat the bookie, is the best way of sports betting. However, there’s a bit of a grey area that surrounds betting in general.
Some sports, such as baseball, have so-called ‘legal’ ways of manipulating balls and using secret signals to try to influence the game. However, even if it’s not 100% ethical, it’s not dishonest if you’re not profiting from the actions. If the people involved in the team get involved in wagering too, then this could become a problem.
Match-fixing or trying to influence the result of any sporting event is dishonest and, in some places, illegal. It has happened in the world of sport on more than one occasion, but when the truth came out, it didn’t end well for anyone involved. This is especially true if it meant that certain parties, who knew of the setup, placed large bets on the outcome.
What tactics or systems can you use to cheat bookmakers?
A common practice for many seasoned gamblers is to use more than one sportsbook. This is a good idea for a variety of reasons. Firstly, you can take advantage of ongoing sports bet promotions at each one. Secondly, you get to pick the best odds. It’s not unethical if it’s allowed, so spreading your risk across more than one sportsbook would be better in the long run.
You can cheat the bookies in a sense by only betting with the ones that offer better odds. When it comes to the actual betting strategy, you can use arbitrage betting or match betting to get an edge over the bookmakers.
It’s a risk-free opportunity to make a guaranteed profit on a particular betting market or sporting event. You’re exploiting the differences in odds offered between various bookmakers, typically two. The difference in the odds offered is so striking that you’ve got the opportunity to make a profit no matter the outcome.
Simply put, this wagering strategy means that you place bets on all possible outcomes of an event at odds that guarantee you a profit. Let’s take a look at an example with balanced odds:
Two tennis players are available at different bookies with the same odds.
- Player 1 has odds of 2.10 with bookmaker A.
- Player 2 has the same odds of 2.10 at bookmaker B.
If you place a bet of £/€/$100 on each – you should score a profit of £/€/$10. Player 1 gives you – £/€/$100, and player 2 gives you + £/€/$110.
Of course, with opportunities such as this consistency is the key to continuous profits.
This method is best explained as a betting technique that uses free bets offered by online sportsbooks for risk-free profit. It works by placing bets on both outcomes, so you’re guaranteed to win either way. You place opposing bets at two different places, one at your bookmaker and the other at the betting exchange.
It works as follows:
- First, find a sportsbook that has a free bet offer.
- Place a qualifying bet with your bookie.
- Place an opposing bet (or lay bet) at the betting exchange.
- Once the match is over, use your free bet to repeat the process with your bookie.
- At the betting exchange place, another lay bet.
- Repeat the process.
- The best sports to bet on using this technique are horse racing and football.
Which are the recommended tactics/systems and which aren’t?
When it comes to recommending a tactic or strategy, we can’t say that anything illegal or unethical is at the top of the list. The best way to cheat the bookmakers is to find a legitimate strategy and learn everything there is to know about it.
Once you’ve mastered the theory, put it into practice and place small bets until you know exactly how the strategy pans out in real life. The two approaches mentioned above are ones that aren’t illegal. However, they take practice to perfect, but once you start using them, you’ll find the best way to beat the bookie.
Another option that is neither a tactic or system is to get to know the game and the players. Often punters rely purely on betting odds and statistics and forget to look at the bigger picture of the sportspeople involved. A clinical approach to a sporting event might not always yield a good result.
Consider, for a minute, a well-established team that has just changed coaches, and two of its star players are nursing injuries. Their game is likely not to be as strong as it was before these changes occurred. If you’re passionate about a particular sport, study the participants, trends and statistics together as a whole to guide you in making a better decision.
5 Quick tips on beating the bookies
- The favourite doesn’t always win
It might seem logical, but it’s difficult for punters to ignore the price that bookies have given. Many times bookies overlook factors such as previous wins or upheavals in a team. They don’t include this in the odds.
This is where your attention to details and research can be useful. If you follow the sport closely, then you will pick up on subtle changes that you know might affect an outcome. Use it to your advantage when placing wagers that might not be all that clear cut.
- Loyalty is for dogs
Don’t stick to just one bookie; shop around. Brand loyalty is great, but it won’t help you increase your chances of winning. Check which bookmakers have the best prices for an event, especially if it’s a championship. Also, check out the offers available for specific bets. In football, for example, the first goalscorer market is one of the most popular bets. As a result, bookies all have their spin on it.
- Consider less obvious markets
It’s the obvious choice to wager money on your favourite team to win an event, except that every other supporter is doing precisely the same thing. Consider placing bets on other available markets. Perhaps your favourite team has a great scorer that’s placed top in the league. Placing a bet on him to score anytime during the game is probably a safe bet and is likely to offer some good odds.
- Don’t bet with your emotions
You have your favourite team, and you believe in them, and you continuously place bets on them to win because you’ve convinced yourself that it can happen. In the long run, you end up losing more money than you earn because you let your heart, instead of your logic, guide the bets. Bookies love this, and they rake in the dough with a smile on their faces. If you aim to make money, then be clinical in your approach, you won’t beat the bookies with your head in the clouds.
- Follow less popular sports
Bookmakers are always expanding their markets and offering new and exciting events. This includes covering sports that some of us don’t know much about. A great example is MMA which is a sport that’s rising in popularity. There are no clear cut winners, and often the underdogs make a surprise turnaround and beat down the champion. Again, this presents a chance to use your research abilities to study the techniques and strengths of fighters that might not be obvious to the bookies.
If there were a magic formula, legal or otherwise, we would all be millionaires. The truth of the matter is that it’s better to have a stable and ethical strategy that works to give you constant wins. You won’t win all of your wagers, but if you earn more than you lose, it sounds like the perfect tactic to pull one over the bookies.