# Category archive: Betting Guide

## The Advantages of a Flat Bet

The flat bet system means that you are always using a fix amount of money or a fixed percentage of your monthly income when making bets. If is the safest betting system for beginner as well as experienced betters. The biggest advantage of this system is that it allows you to avoid financial instability.

## Arbitrage betting – Minimum risk investment

Arbitrage betting uses investment betting concepts in order to minimize the risks of a bet. This concept applies to certain favorable situations in which different bookies have different odds for an upcoming game. In order to apply this concept you need to make two bets on two different teams.

## From Probability to Betting Odds

It is very easy to convert probability to betting odds if you use the decimal format. In order to do this you must have a very good understanding of the basic principles of probability and frequency distribution. Once you grasp these concepts, you will be able to determine the odds of a game.

## The Martingale Betting System

The Martingale Betting system has been around since the 18th century and it is based on a very simple theory. If you lose when making a bet, you continue to bet on the same team but you double your stakes until you eventually win. This theory is recommended for professional betters who can control their emotions and have a steady bankroll.

## How the Confirmation Bias Can Affect Your Chances of Winning Sports Bets

The confirmation bias is a psychological concept which refers to a person’s tendency to get attached to the decisions which he takes using a subjective approach. In the betting world, the most common people who are affected by this bias are the passionate supporters of a certain team.

## Types of Betting Probability: Unconditional, Conditional and Joint

Betting probability can be classified according to various factors. In this article we explain conditional, unconditional and joint probabilities. These odds are calculated according to certain events which condition the outcome of a bet. These events can either happen in the same time or in a row.

## How the Bandwagon Effect Can Influence Your Bets

The bandwagon effect can be very dangerous in the betting world. This bias refers to the situation when people are afraid to be wrong so they prefer to make the same decisions as the majority. In the betting world this effect works against the gamblers and in favor of the bookies.

## Understanding Parlay Odds

Parlay odds are usually used by beginner betters who want to have fun while also making some money. These sort of bets are a lot riskier than simple bets as it is very hard to research and calculate the odds of victory for multiple teams. In order to increase your chances of winning a parlay bet you should use a sports tip website.

## Betting Probability Explained

A betting probability represents the likelihood of winning a bet. There are three main types of probabilities that you can use in order to calculate your winning chances: empirical, subjective and priori. The best thing to do is develop a priori algorithm based on as many factors as possible.

## Should it be illegal to bet on sports?

A lot of people lose their reason and everything they own in sports betting. However, these are isolated cases. According to betting statistics, over 99,5 % of people who bet on sports are mentally capable for gambling. Should these people be deprived their right for entertainment due to the fact that certain people are not suited for gambling.

## The Principles of Value Betting

Value betting is one of the fundamental concepts of sports betting. Value is the difference between the odds set by the bookie and the odds estimated by the gambler. In order to apply the principles of value betting in favorable situations you need to arm yourself with a lot of data and statistics.