The Sportsbook segment on KheloSports has seen a significant growth spurt in 2023, thanks to the increased internet access and higher disposable incomes of the Indian masses. The affordability of smartphones has also contributed to this growth, thanks to the mobile-friendly nature of the platform.
The online real money gaming industry includes online casino games, slot games for real money, and Live sports wagering. A total revenue of ₹13,500 crore was generated by the industry in 2022, with sports wagering contributing to the majority of the portion of this figure.
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Predicting the outcome of a sports event involves various factors such as player performance, weather conditions, and referee’s decisions, to name a few. With extensive research, knowledge of the sport, strategy, discipline, and sometimes a bit of luck, users can take advantage of the exciting opportunities to earn substantial rewards through KheloSports’ Live Sports Wagering segments—SportsBook and Exchange segments.
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While there are no guaranteed methods for winning in sports wagering, here are some tips and strategies to improve your chances of success:
Research and Analysis
Understand the rules of the sporting event you are about to wager it would be necessary. Then, conduct thorough statistical research of the historical data, recent records, form, and key players of your team before wagering your money.
Furthermore, considering team sheets, injuries, substitute players, and other current conditions affecting teams or players, will help you make a rewarding investment.
Utilizing Wagering Strategies
Wagering strategies are systematic approaches and techniques designed by money-wagering enthusiast to increase their chances of winning. These strategies encompass various aspects of the Live Sports Money Wagering world including bankroll management, odds assessment, and selection. By employing the strategies mentioned below, Money wagering enthusiasts can make informed decisions and reduce the risk of losses.
● Bankroll management
Bankroll management in live sports management refers to the effective management of the money allocated for wagering to maximize long-term profitability and minimize the risk of significant losses. The strategy involves setting a budget, determining the sizes of money to wager, and maintaining discipline to ensure sustainable wagering practices.
Effective bankroll management is essential in live sports wagering due to the constantly changing and often unpredictable nature of live events. Proper management of your wagering funds helps ensure long-term sustainability and maximizes your chances of success.
● Value Wagering
The Value Wagering strategy involves identifying wagering opportunities where the probability of an outcome is higher than what the bookmaker’s odds suggest. This approach is based on the concept of finding value, which means that the investor believes the odds set by the bookmaker do not accurately reflect the true likelihood of a given outcome. This probability can be identified by conducting extensive research and statistical analysis of the true probabilities of the ongoing event.
Matched wagering is a risk-free wagering strategy that leverages wagering promotions offered by bookmakers to secure guaranteed profits. This approach involves wagering money on all possible outcomes of an event using both the free and corresponding lay options on a wagering exchange.
Flat wagering is a money-wagering strategy often used by beginners due to its simplicity and effectiveness in managing bankrolls. It is a straightforward and disciplined approach to sports wagering where the user wagers the same amount on every wagering opportunity, regardless of the perceived confidence level or odds. This helps in managing the bankroll and avoiding large losses from a single wager.
● Hedge wagering
Hedge wagering is a risk management strategy used to minimize potential losses or guarantee a certain profit regardless of the outcome of an event. This is achieved by wagering money on different outcomes of the same event. The main goal of hedge wagering is to reduce the financial risk associated with a wager, this can be accomplished by wagering money on different outcomes, to limit potential losses.
Additionally, in some cases, hedge wagering can be used to lock in a profit regardless of the outcome. This approach is particularly beneficial when the initial wager has favorable odds or when an unexpected event occurs that alters the probability of various outcomes.
● Dutch Wagering
Dutch wagering, also known as “Dutching,” is a money-wagering strategy where you spread your stakes across multiple selections in a single event to guarantee a profit regardless of the outcome. This technique is named after Arthur Flegenheimer (alias Dutch Schultz), who was known for using this approach in horse racing.
In this strategy, Users divide their stakes across multiple selections, instead of wagering on a singular outcome. With enough winning outcomes covered and wagered upon, a profitable loss-managed outcome is garnered, regardless of the result.
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Conclusion:
While implementing certain tips and strategies can significantly improve your chances of success, these are no guaranteed methods for a winning money-wagering venture. Therefore, by conducting thorough research, managing your bankroll effectively, understanding odds and value, and maintaining discipline, users can enhance their overall wagering experience and increase their potential for profitable outcomes.