This is a formula or system that provides guidance on how much you should wager on each bet. If you are planning on long term profits, you will need to come up with a staking plan. We explain the popular short and long-term strategies you can choose to follow. A betting strategy is a formula or system that when used consistently, will provide winning outcomes. If you want to profit from online betting long term, you need a strategic approach.

Read on for a more detailed explanation of betting odds. Becoming familiar with implied probability will allow you to evaluate the chance of your bet succeeding in the eyes of the bookmaker. This is the conversion of betting odds into a percentage that indicates the likelihood of an outcome eventuating. Whatever format odds are displayed in, the key fundamental underpinning a bookmakers’ quote is implied probability. If this is too complex, an odds converter tool will display any odds in any format you desire.

However, fractional odds and money line or American odds, are commonplace in other countries and may be used by international bookmakers. In Australia, we are familiar with decimal odds. Betting odds explainedīetting odds can be displayed in a number of different formats. But the best mode of preventing problem gambling is understanding how to bet sensibly, thinking rationally and recognising warning signs before problems arise. There are several agencies that can assist you with responsible betting. Whether you are a beginner seeking some fun, or a sports enthusiast hoping for additional income, or an advanced strategist seeking regular profits from online betting, you must be in control of your betting.

The fundamental principle to betting is to gamble responsibly.

Before you start betting, there are some basic principles that will help you navigate the online betting landscape.

Online sports betting guide