Sports betting gives you a chance to win big. To win big, follow these 5 basic steps. Think of a theory. Develop the theory. Backtesting; The theory of strategy scale betting can be anything from betting against patriots on the road to betting on the underworld after a team has lost twice in a row. Development of the theory. This includes adding variations to your original theory. This gives you bias and makes you more likely to find a theory that will not only make you more profitable and open to new theories. Going back to our example with the Patriots, one option we could include in our strategy is to always bet against the Patriots when it is not raining. The point is that you can do it in a number of ways.
At the moment, it doesn’t matter if they work or not, that’s still theory.
Backtesting This is the most important step. If we follow the example of our Patriots, we would test this way. First, we need to collect data from the last three seasons, including odds, points won and awarded, and any other elements of theory. Then just test the theory, as if we were betting on the outcome, and see what the outcome is.. The same two-step process applies to any theory in all sports. It sounds like a lot of work, but it’s worth every second. This will give you valuable information on whether your theory has worked and if it could work for future bets.
Note: If a theory is not profitable for all three seasons, it should be discarded. Going for strategy Once you are convinced that your theory has been profitable for the past three seasons, it is time to put it into practice this season. Follow a fund management plan and stick to a betting strategy. When the season is over, be sure to add this data to your tracking system. If the first year produces significant returns, consider increasing your bets based on this theory. Scale This is where your money grows. To increase your chances of winning, instead of a strategy, create a 4 or 5 that is equally confident in winning. This way, if you get “bad” results, you have many other profitable strategies that will continue to grow.