Sports betting inherently favors the bookmaker due to the house edge. To mitigate this disadvantage, successful bettors must utilize strategic approaches. One such strategy is the 2-odds approach. Properly applying this strategy will improve the win probability of your bets.
Wondering how to proceed? Our guide provides the answers.
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What is the 2 Odds Betting Strategy About?
Before getting into the 2 odds betting strategy, why do we not try to understand what odds are to begin with? Let's go.
Betting Odds
These figures, commonly found in all sportsbooks, represent the probability of an outcome coming to pass during a sports event. They come in different formats, depending on the platform you are on:
- Decimal.
- Fractional.
- American.
Decimal odds represent the total payout, including the stake, that you will receive if your bet wins. For example, if the decimal odds are 2.5, you will receive a payout of $2.50 for every $1 you wager.
Fractional odds represent the ratio of your potential winnings to your stake. For example, if the fractional odds are 3/2, you will win $3 for every $2 you wager.
American odds represent the amount of money you need to wager to win $100. For example, if the American odds are -150, you need to wager $150 to win $100. A positive American odd (e.g., +150) means you will win $150 for every $100 you wager.
More on 2 Odds Betting Strategy
Basically, this betting plan involves finding events with outcomes having 2 odds. This way, you can almost guarantee doubling your original stake. To apply this strategy in the best way possible, you need to analyse potential events carefully.
You need to understand the sports in question, as well as the players involved. Also, you must identify factors that can tilt the scale in your favour or against you.
It is right to make educated guesses through research rather than relying on instincts when applying this strategy.
Benefits of Adopting the 2 Odds Betting Strategy
The pros of the 2 odds betting strategy supersede its cons, thereby making it a recommendable option for newbies and experienced gamblers. These benefits include:
- Improved chances of success: You are staking on an outcome with a 50% probability of occurrence. These winning chances represented in odds are safer than most others, especially with enough research.
- Relies on Research and Analysis: This strategy is not just about finding 2 odds but also researching the events to proffer informed decisions. With proper research, achieving success with a 2 odds betting strategy is most likely.
- Flexibility: You can apply this strategy to a wide range of popular sports like Football, Basketball, Tennis, and Horse Racing.
Set-Backs Accompanying the Use of 2 Odds Betting Strategy
Of course, there are some notable downsides to adopting the 2 odds betting strategy, including:
- Small Payouts: These 2 odds bets involve fewer risks, thereby providing lesser payouts compared to riskier bets with high odds and payouts.
- Finding 2 Odds Bet: Identifying probable outcomes with 2 odds can be challenging. There are very few 2 odds options on bookmakers from time to time, and they can be very volatile.
Profiting from Using 2 Odds Betting Strategy
To effectively use the 2 odds betting strategy and incur gains, you should employ the following practices:
- Fulfill your due diligence in research and analysis.
- Set aside a bankroll and stick to it.
- Do not rush your decisions – select matches carefully.
- Manage risks effectively and never chase losses.
- Be mindful of the eventual outcome and analyse why they happened.
- Learn from your own mistakes to improve consistency and discipline over time.
Approaches to 2 Odds Bet Strategy
Determining the value of 2 odds on certain outcomes is the goal here. This strategy involves finding situations where outcomes have a higher occurrence than 50%.
The 2 odds denote a 50% chance of occurrence; thus, you will be getting value for your bets with this strategy.
Below are some of the routes you can go through when adopting the 2 odds betting strategy.
Going with the In-Form Team
The quality of players in sports teams sometimes does not determine the outcome of matches. There have been cases where a team gets outmatched by its opponent in terms of quality but still ends up winning the tie.
One way to go is by finding events with 2 odds involving a team with a strong form. Usually, a team's form can be an upsetting factor in sports betting.
Also, you should consider teams' home or away records and not just rely on how good the players are.
Teams with big names that should normally win can turn into underdogs for reasons, including:
- Team injuries.
- Struggles with form.
- Poor home or away record.
- Coaching problems.
Winning Horse and Trainer Combo
In horse racing, you can keep your eyes peeled for winning horses as well as jockeys. The right combinations often have a higher chance of winning horse races. Now, go further to research the combinations' successes on various tracks before making an assertion.
Head-to-Head Bets in Tennis
The 2 odds betting strategy also applies in tennis, especially the lawn version. Instead of just going with the better player, you may want to research the players' head-to-head record.
This perspective helps you to gauge what the possible outcome might be and if you are getting value off your 2 odds bets.
It is quite unlikely you would get 2 odds on a tennis match involving Djokovic and Berdych since the latter has lost to the former 25 times in 28 games.
Instead, you may find 2 odds on close matchups like Djokovic and Murray, with Murray having 8 wins out of 19 final matches.
Conclusion
With the 2 odds betting strategy, you are on track to balancing risk and reward. With adequate research and analysis of teams or players, you will be able to make informed decisions on your 2 odds bets.
This strategy makes you adopt a data-driven approach when sports betting, thus driving you towards identifying the value in odds through proper research.
With 2 odds, you will double bets without being exposed to a lot of risk, especially after doing your due diligence in research.
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