There are plenty of different ways in the industry to bet; with casino games and sports betting available, they are all designed with the same fundamentals in mind, which is to take a return from the player. However, there are certain strategies and ways that bettors can beat these fundamentals, such as using different techniques to make the most of their betting! These techniques are what is known as advantage gambling, and these are known as legal strategies that bettors can use in different casinos and sports betting to gain an advantage. Here at OddsMonkey, we will look through what advantage gambling is, how it works and the different forms of advantage gambling.
Understanding Advantage Gambling?
One of the most important things to understand about advantage gambling is that all these strategies are legal strategies, meaning bettors are allowed to use them. However, just because they are legal, it does not mean that certain casinos or betting sites will not ban you if you are caught using these strategies, and they can get your account gubbed or restricted. We have a guide at OddsMonkey for those who are looking to participate in advantage betting, such as matched betting while gubbed, showcasing the fantastic tips that OddsMonkey has to offer!
Unlike cheating, advantage gambling exploits innate characteristics of games and sports to give bettors an advantage, whether that is against the house, other bettors or the bookmaker. As there are many different forms of betting, there are techniques that can be used for slot games, casino games, and even sports betting to give bettors a better chance of making a return. Some of the strategies, like value betting, will not necessarily lock in any returns, yet techniques such as matched betting can lock in value if done correctly!
Advantage gambling is more about risk management than it is luck. By analysing expected value, bettors can determine what is worth placing bets on and what is not worth placing a bet on.
Different Types of Advantage Gambling
As previously mentioned, advantage gambling comes in a wide range of forms that can be seen across lots of different betting games. For example, there are a variety of ways for bettors to form advantage bets throughout casino games:
- Blackjack – Card Counting
- Craps – Dice Control
- Poker – Angle Shooting
However, there are also sports betting forms, such as arbitrage betting and matched betting. Arbitrage betting is all about finding different odds at bookmakers and betting exchanges. Bets are placed on all outcomes of the same sporting event. By finding these differences in odds, users are able to make a profit no matter what result occurs throughout the event. Arbing is extremely popular throughout the industry, yet it is especially popular for those who are able to use larger stakes, as the potential profit is usually quite small when using arbitrage betting.
One of the most popular and effective ways to take advantage of certain bets is through matched betting. By placing a ‘back’ and ‘lay’ bet on the same event and with careful mathematics, bettors are able to lock in a profit as the player will receive a return no matter what the result is. However, matched bettors are targets for bookmakers who will look to restrict accounts that consistently place matched bets. To make sure that bettors are using matched betting techniques correctly, OddsMonkey conveniently has a matched betting calculator which allows bettors to see how much potential profit they can make and what they could return with different stakes and ensures that users are using the correct mathematics!
Matched Betting At OddsMonkey
OddsMonkey is the hub for matched betting tips, tricks and guides, and if you want to make sure you can make the most of the matched betting techniques, every bettor should try their best to ensure their accounts remain untouched by any bans or restrictions. This is essential as many matched betting techniques can come from making the most of promotions and free bets.
One way to do this could be through placing ‘mug’ bets, which users can find out more about in our mug betting guide!
OddsMonkey is also home to many more calculators, which can be essential for those trying to make the most of their sports betting. Bettors are able to use calculators such as our accumulator calculator and our each-way bet calculator on site.
