5 Proven Online Betting Strategies to Know
Online sports betting is more than just a game of chance; it involves strategy, timing, and a deep understanding of odds. Whether you’re a casual punter or a seasoned pro, having the right betting strategies in your playbook can make a world of difference. At iBET, we provide an advanced sportsbook platform that caters to all levels of bettors. In this blog, we dive deep into the top five online betting strategies that every bettor should consider to maximize winnings and reduce risks.
1. Double Chance Betting: Minimize Risk, Maximize Potential
One of the most popular strategies in football betting, Double Chance betting, lets you cover two out of three possible outcomes with a single bet: Win/Draw, Win/Loss, or Draw/Loss.
Example: If Manchester United is playing against Swansea, and you believe Swansea has a fair shot at a surprise result, you could bet on “Swansea Win or Draw”. If either happens, you win the bet.
Pros:
- Higher chance of winning
- Great for underdog support or unpredictable matchups
Cons:
- Lower odds compared to traditional 1X2 bets
Best For:
- Risk-averse players
- High rollers looking for consistent returns
On iBET, our sportsbook offers dynamic odds for Double Chance markets across major leagues, making it easy to explore this safer betting style.
2. Back and Lay Betting: Play Both Sides Smartly
Back and Lay betting is a two-part strategy. “Back” betting means wagering on an outcome to happen, while “Lay” betting means betting on it not to happen.
Example:
- Back bet: RM10 on Liverpool to win the EPL.
- Lay bet: RM10 against Liverpool winning the EPL.
This strategy became popular with the rise of betting exchanges, where users bet against each other instead of traditional sportsbooks.
Pros:
- Flexibility to bet with or against the market
- Essential for matched betting and arbitrage
Cons:
- Can be confusing for beginners
- Requires careful odds tracking
At iBET, you can analyze sportsbook odds and use external exchanges to try this strategy effectively.
3. Back to Lay Arbitrage: Guaranteed Profits with Smart Timing
Back to Lay Arbitrage is a technique where you “back” a selection at high odds and then “lay” it at lower odds on another platform. If done right, the profit is locked in regardless of the outcome.
How it works:
- Back a bet at RM4.00 odds.
- Later, the odds drop to RM3.00.
- Lay the same selection, securing a profit.
Pros:
- Guaranteed profits if odds move in your favor
- Great for in-play betting and volatile markets
Cons:
- Requires fast reaction times
- Some sportsbooks prohibit arbitrage betting
iBET’s sportsbook offers fast-loading odds and in-play betting features, helping you act quickly when these opportunities arise.
4. Hedging: Bet Insurance for Smarter Play
Hedging involves placing a second bet to reduce potential loss on your initial wager. It’s especially useful for future bets or when your bet is close to winning but not yet guaranteed.
Example: If you bet on a team to win a tournament and they reach the finals, you can hedge by betting on the opposing team. Either way, you’ll walk away with a return.
Pros:
- Reduces risk
- Can lock in profits or minimize losses
Cons:
- Reduces overall payout
- Requires careful calculations
Best Used On:
- Future bets
- Tournaments with multiple stages
With iBET, our sportsbook makes it easy to track bets, giving you the tools to time your hedge bets perfectly.
5. Multi Bets (Accumulators): High Risk, High Reward
Multi bets, also known as accumulators or parlays, involve combining several bets into one. To win, all included bets must be successful.
Types of Multi Bets:
- Double: Two bets
- Treble: Three bets
- Accumulator: Four or more bets
Example: Bet on 3 football matches. If all win, your winnings are multiplied. If even one loses, you lose the entire bet.
Pros:
- Huge potential payouts
- Low stake, high reward
Cons:
- High risk due to dependency on all bets winning
- Not ideal for beginners
At iBET, our online sports betting platform allows seamless multi-bet creation with real-time odds calculations. Players can mix bets from different sports and markets for the ultimate betting thrill.
Final Thoughts: Use Strategy to Bet Smarter with iBET
Online betting is evolving, and having a solid strategy can give you a much-needed edge. Whether you’re hedging for safety or going bold with accumulators, each method has its place in your playbook.
The iBET sportsbook is tailored for Malaysian players seeking trusted and innovative online sports betting experiences. With real-time odds, live betting, and seamless interfaces, iBET offers the perfect platform to apply these strategies and elevate your betting game.
Start betting smarter today—only at iBET.
