Outright betting, also known as futures betting, is a long-term betting strategy that involves placing bets on the outcome of a competition or event before it starts. This can include betting on the winner of a tournament, the top goal scorer in a league, or the team to be relegated at the end of the season.
Here are some tips for implementing an outright betting strategy:
- Research the teams/players: Before placing your bet, it’s important to research the teams or players involved in the event. Look at their recent form, head-to-head statistics, injuries, and any other relevant factors that could impact the outcome of the event.
- Consider the odds: Outright betting often offers longer odds than standard match betting, which means there is the potential for bigger payouts. However, it’s important to assess the value of the odds on offer and whether they reflect the true probability of the outcome.
- Be patient: Outright betting is a long-term strategy, and it may take several weeks or months for the event to be completed. Be prepared to wait for the outcome, and don’t be tempted to cash out early unless the odds significantly change or there are other significant factors that impact the outcome.
- Manage your bankroll: As with any form of betting, it’s important to manage your bankroll and never bet more than you can afford to lose. Consider placing small bets on multiple outcomes rather than betting all your money on a single outcome.
- Take advantage of promotions: Many sportsbooks offer promotions and bonuses for outright betting, such as free bets or enhanced odds. Take advantage of these offers where appropriate to boost your potential returns.
Overall, outright betting is a long-term strategy that can offer the potential for significant payouts. However, it requires patience, research, and a disciplined approach to bankroll management to be successful.
Let’s say you want to place an outright bet on the winner of the English Premier League at the start of the season. Here is an example of how you might approach this:
- Research the teams: You look at the recent form and past performances of the top teams, such as Manchester City, Liverpool, Chelsea, and Manchester United. You also consider any new signings, injuries, and other relevant factors that could impact their chances of winning the league.
- Consider the odds: You find that Manchester City are the favorites to win the league, with odds of 2.00. Liverpool has odds of 3.00, while Chelsea and Manchester United have odds of 7.00 and 9.00, respectively. You consider the value of each of these odds and the likelihood of each team winning the league based on your research.
- Be patient: You place your bet on Manchester City to win the league, and you’re prepared to wait until the end of the season for the outcome. You resist the temptation to cash out early unless there are significant changes in the odds or other factors that impact the outcome.
- Manage your bankroll: You decide to place a small bet on Manchester City to win the league, rather than betting all your money on a single outcome. You also set a limit on your betting bankroll and never bet more than you can afford to lose.
- Take advantage of promotions: You find that the sportsbook you’re using is offering a free bet for outright betting on the Premier League. You take advantage of this offer and place an additional small bet on Liverpool to win the league.
Overall, this approach to outright betting involves a combination of research, patience, and disciplined bankroll management. By carefully selecting your bets and taking advantage of promotions where appropriate, you can potentially make a profit from long-term outright betting.
