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The introduction of online bookmakers in Bulgaria has seen a rapid rise in the number of published sports betting strategies. All claim to offer a strategic advantage that will lead to profitability. While this is advantageous in some ways, it is harmful in others as betting strategies are subjective and results are based on outcomes.
So without further ado, let’s jump into the top 5 strategies to increase profits with Bulgarian bookmakers.
Fixed Amount Betting
Fixed amount betting is a popular strategy that requires you to bet a fixed amount every time you place a bet. This is a common betting practice at sportsbooks like Bwin in Bulgaria as it allows bettors to reduce their risk. The reduction in risk is based on the probability of winning, meaning you’re not putting all your marbles in one bag. Instead, you focus on long-term gains versus instant gratification.
Proportional Betting
Proportional betting is a simple betting strategy whereby you to bet a percentage of your bankroll, and if successful, you increase your bet by the same amount. For example, if you bet 10% of a 1000 BGN bankroll and win 1000 BGN, your next bet would be 10% of 2000 BGN or 200 BGN. The philosophy of proportional betting is based on the odds that you when you win, the amount won will be greater than the amount lost.
Bet it All
The Bet is All system is pretty straightforward as it means betting your entire bankroll each time you place a bet. The advantage to using this strategy is obvious as it all means if your bet ends in a positive outcome, you win more. However, if the outcome does not result in a win, you lose your entire bankroll.
Use the Martingale System
The Martingale system, as noted by Investopedia, is one of the most recognized betting strategies used in sports betting. Its premise is to double your bets every time you lose so that when you win, the amount won covers your losses and generates a proportional amount of profit. For example, if you bet 200 BGN and lost, your next bet would be 400 BGN. This would continue until such time as you won, whereupon you can return to your initial bet amount and begin the process again.
Use the Fibonacci System
The Fibonacci system is another recognized betting strategy that uses a number sequence to determine the amount you bet. Using the Fibonacci system is a more advanced betting strategy as bet amounts are identified as units, and bettors determine the starting point in the number sequence.
For example, if your opening bet is 200 BGN or one unit and you lose, your repeat the bet, and if you lose again, your next bet will be two units. If that bet results in a win, you then revert back to betting one unit to mitigate your losses.
Summary
Whichever strategy you use in an attempt to increase your bankroll, sports betting is based on calculated risks. While a betting strategy can produce favourable results, they will only be successful if you predict the correct outcome in a sporting event. Therefore, the best strategy is doing your homework, and the second is finding the right betting system.
