If you’re new to the world of sports betting or to world of betting on the races, then it would do you a world of good to get acquainted with the different approaches to betting that exist. This way you can pick out the best one for you, particularly with regards to the winning chances you’d be in for.
Applying the knowledge of a fan and supporter
Most bettors of team sports and of the races apply this approach without knowing too much about its classification, but it’s what it says on the tin, really. If you watch soccer for instance, you have a fairly good idea of which teams are likely to win their matches based on factors such as history, pedigree, current form, competition, etc. Unfortunately with this approach the next approach tends to seep in, which is that of letting your emotions drive your betting decisions.
No, this isn’t the official term for those platforms on which you can find specific information about races you’d be looking to bet on, such as betting on the Indy 500. Rather, it’s an unofficial reference to online info portals which list useful information you can then use to make more educated betting decisions with, in addition to other useful tools, like special promos and bonuses.
Nevertheless, betting indexes, as we’ll keep referring to them, makes for a quick and easy way to make betting decisions and not have to spend too much time trying to figure out what your best bet would be.
The emotional approach
The emotional approach to betting on sports and the races is perhaps an extension of the application of a supporter’s knowledge, simply because you ultimately go on a hunch that you have. Unless you’re a supporter of your home town club by mere virtue of it being just that, chances are there was some kind of emotional connection with the team you otherwise support. You want the team to win and so you will always pick it as a possible winner over any other team, even if everything points towards the other team coming out tops this time around.
When some of the emotion is taken out of the application of a fan’s knowledge, what you get is the betting trend which is built on trend-analysis. Here we’re getting into the territory of betting which perhaps gives you better odds of actually winning consistently, but the key to it is analysing long term trends, not just shortened cycles.
Purely statistical approach
You might have to pick up a mathematical stats book for this approach, but if you can master the mathematical stats approach then you’ll understand that although betting wagers are indeed driven by pure stats, from the point of view of the bettor, the many gaping holes which are designed into the system can only be filled in with a reliance on pure luck, in many instances. Hey, studying stats may not be a complete waste of time though, because there’s a lot you can do with a qualification around that subject.