Gambling successfully over a long period of time does not require a stratospheric IQ or inside information, as many believe. What is needed is a sound intellectual framework for making decisions and the ability to keep emotions out of all operating procedures.
Value Betting is a betting technique where players bet when a bookmaker offers much higher odds than the real probability of an outcome. The player has to come up with specific criteria to define the correct odds of an event. In reality, he has to do a bookmaker’s job to compile his own odds and then search the market to see who is offering higher odds than these and bet on them.
Sports trading, also simply known as Trading, is backing and laying odds for a profit before the end of an event. We have identified Trading as a smart gambling type among others. This is the riskiest type.
Arbing, also called Sports Arbitrage, is a betting technique where a player simultaneously places bets on all possible outcomes of an event at odds that guarantee a profit, whatever the result of the event will be. These bets are also known as arbs.
Matched Betting, also known as back bet matching, lay bet matching or double betting, is a betting technique to profit from free bets, bonuses and other incentives and promotions offered by bookmakers. Many believe that matched betting is a risk-free method of exploiting bookmakers but this is not entirely true.