Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. These 'betting percentages' represent actual wagers placed on each game at the participating sportsbooks. This data is delayed 30 mins. Click on the linear graph feature located on the. Football Betting We adore the ‘beautiful game' just as much as you do. Thanks to global coverage of the major football leagues such as the English Premier League, La Liga, Serie A, Bundesliga and the leading continental club competitions like the UEFA Champions League, you can bet.
The easiest way to lose money all the time as a punter is to have no online sports betting strategy. One of the things that typically separates successful and professional punters apart from unsuccessful punters is the betting strategies employed. Successful punters recognize that one-size doesn't fit all sports and games, and can tailor their approach to the game at hand. But above all, they have a personal conviction in these strategies, and do not make their move with every suggestion they come across. Before diving into the different betting strategies, let's look at why betting strategies are super important.
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Here is an overview of the most popular betting strategies. Click on the link to learn more about each one:
Why Betting Strategies are Important
1. Betting strategies are important for punters who have adopted sports betting as a business and are committed to long-term success. This means you'll commit time to learn the betting strategies that exist and create a proper plan for your success. This is important, considering that sports betting can sometimes be unpredictable, thus the need to base all your strategies on value betting — identifying games where the odds presented are not representative of the likely outcome.
2. In the the long run, you'll identify specific strategies that work best for you, fit into your budget, and match your risk appetite. You'll have a model that makes betting simple and profitable for you. Having a unique betting strategy also sets you apart from other punters and increases the chances of you winning. This is because betting companies include popular online betting strategies into their models and try to mitigate them as much as possible. Like we mentioned above, sports betting is a business; even if your business isn't exclusive, you must develop your unique selling point or value proposition.
How to develop your betting strategies
As we inferred above, it would make a whole lot of sense to tweak the many betting strategies available today. But how do you get started?
1. Research and patiently read about all existing betting strategies. Our website extensively covers many general betting strategies. This research will form the foundation of your strategy and plans.
2. Be observant of the betting market and the sports you want to bet on. For example, the introduction of VAR into football has probably increased the number of penalties in football. This can be a starting point for a particular strategy. Be on the lookout for trends that jump out. However, make sure that the trends are not just perceived but also backed by facts and hard data, where applicable.
3. Now that the idea is formed, the next step is to seek other variables that may influence the idea you've identified. For example, a smaller stadium might make it easier for teams to concede corners. A stadium with a bad pitch may not favour an attacking brand of football in a match.
4. After settling on a strategy, the next step is to test and tweak. You test your theory/strategy with very small stakes and monitor how well you do with the bets you placed. With every result, examine if there's any way you can adjust the strategy to include variables you overlooked, or to remove variables that do not affect the outcome.
Here is an overview of the most popular betting strategies. Click on the link to learn more about each one. Let the articles inform your choices and form the bedrock of your betting strategies.
Back & Lay
The Back & Lay strategy is one of the most popular strategies in the market. While 'back'-bets are the most common kind of sports bets where you bet ON a certain outcome of a game/event, 'lay'-bet means you're betting AGAINST the same outcome. What makes this strategy so interesting is that you can deal and sell with your bets on book-makers like Betfair. […] Read more
Double Chance
The Double Chance bet is an online betting strategy that is particularly interesting for risk-averse bettors. In this case, you're betting on the probability that one of two events will happen. As a result of betting on two outcomes of a game, your odds to win the bet is enhanced by 33%.[…] Read more
Betting For Beginners
Halftime/fulltime bets
With this betting system, the risk is a little greater. No limit poker. In this scenario, you bet on both the half-time and full-time scores/result of a game. In our overview, we provide ideas on what this kind of bet looks like when it is won, and give you information about your chances of winning. Additionally, we show you the most suitable sports for this strategy. […] Read more
Handicap
Handicap Bets are more applicable when you expect a favourite to win…and to win handsomely. You simply give the supposedly weaker team an advantage (handicap) and expect the favourite team to overcome the advantage. This way, you can get higher odds for teams who are expected to win 9.9 out of 10 games. […] Read more
Head-to-Head bets
The name gives this strategy away. You back one individual/team against another in a contest. This is most interesting when betting on individual sports, but you can also bet on two competitors in a team sport, and let them virtually step up against each other. […] Read more
Hedging
Similar to real stock markets, you can hedge your bets against possible losses through selling and buying other bets. Betfair is the most common book-maker that offers possibilities to hedge your bet. If you want to learn how it works and get a short introduction and good examples, follow the link and learn more about this betting strategy. […] Read more
Multibet
The goal of Multi-bets is to gain high combined odds by adding multiple single bets (called 'legs') to one bet. You should keep in mind that with this betting strategy, your risk of losing the bet increases with each added leg. Multi-bets or Multiples are most interesting with football bets but you can make a good profit out of other sports as well. […] Read more
Last-Minute-Goal
In this article, we describe the attractive strategy of Last-Minute bets. Over the last few years, this strategy has become increasingly popular, especially with games that are being watched and where live bets are available. The further a game advances, the higher the odds of no goal to be scored gets. In this instance, you can bet against the current standings and you can earn some good profits. […] Read more
Lucky 15 bet
As an advancement of the Yankee Bet, the Lucky 15 Bet includes, obviously, 15 bets. These 15 bets comprise of 4 single bets, 6 two-leg multi, 4 three-leg multi, and 1 four-leg multi. How this strategy works and how big your chances of winning are, are shown in this article.[…] Read more
Over/under
This nice and simple betting strategy is easily explained. You have to figure out if the score/points during a game was higher or lower than the expected score. Although it initially only included betting on the number of goals scored during a football match, you are now able to bet on almost everything that is countable. That is why this strategy is not only available for football bets but also other sports like basketball, tennis or every other game.[…] Read more
Scorecast/wincast
In both the scorecast and the wincast you have to bet on a player to score a goal. The only difference between those two strategies is that, in addition to predicting the scorer of a scorecast bet, you have to guess the exact result of the game; while for a wincast bet it is enough to predict the winning team. In both cases, you need a little luck to win but also a good knowledge of the competing teams.[…] Read more
Surebets
Surebets or arbitration are bets that will bring winnings through combinations of specific single bets placed on different bookmakers. To successfully make money with sure bets you have to find the most lucrative quotas from different bookmakers and calculate if these bets are indeed sure bets. […] Read more
System bets
System or Yankee bets are most interesting when you want to play risky bets. It is similar to multi-bets in the sense that they both require multiple selections. However, the difference is that with system bets you can still win money, even if one from your selection loses. For multi-bets, that is not the case. […] Read more
If we have caught your attention for sports betting strategies and everything that deals with it, we recommend you our Livetipsportal bet calculator app, where you can calculate your odds easily on your smartphone.
With Michigan legal sports betting activating, Michigan residents can begin placing legal, online Detroit Red Wings bets as of Friday, January 22.
New to sports betting? SportsbookWire has you covered with a sports betting 101 guide to NHL betting, covering the money line, against the spread, Over/Under and mobile betting.
Be sure to sign up at BetMGM Sportsbook for their risk-free offer for new sports-betting customers within Michigan.
How to bet on Red Wings: Bet types
Money line (ML) NHL betting
The simplest form of sports betting and the first stop of all hockey bettors. The money line sets odds representing an implied win probability for both teams. Odds may range from -200 for a favorite to +200 for an underdog, or extend in either direction for more lopsided matchups.
2. In the the long run, you'll identify specific strategies that work best for you, fit into your budget, and match your risk appetite. You'll have a model that makes betting simple and profitable for you. Having a unique betting strategy also sets you apart from other punters and increases the chances of you winning. This is because betting companies include popular online betting strategies into their models and try to mitigate them as much as possible. Like we mentioned above, sports betting is a business; even if your business isn't exclusive, you must develop your unique selling point or value proposition.
How to develop your betting strategies
As we inferred above, it would make a whole lot of sense to tweak the many betting strategies available today. But how do you get started?
1. Research and patiently read about all existing betting strategies. Our website extensively covers many general betting strategies. This research will form the foundation of your strategy and plans.
2. Be observant of the betting market and the sports you want to bet on. For example, the introduction of VAR into football has probably increased the number of penalties in football. This can be a starting point for a particular strategy. Be on the lookout for trends that jump out. However, make sure that the trends are not just perceived but also backed by facts and hard data, where applicable.
3. Now that the idea is formed, the next step is to seek other variables that may influence the idea you've identified. For example, a smaller stadium might make it easier for teams to concede corners. A stadium with a bad pitch may not favour an attacking brand of football in a match.
4. After settling on a strategy, the next step is to test and tweak. You test your theory/strategy with very small stakes and monitor how well you do with the bets you placed. With every result, examine if there's any way you can adjust the strategy to include variables you overlooked, or to remove variables that do not affect the outcome.
Here is an overview of the most popular betting strategies. Click on the link to learn more about each one. Let the articles inform your choices and form the bedrock of your betting strategies.
Back & Lay
The Back & Lay strategy is one of the most popular strategies in the market. While 'back'-bets are the most common kind of sports bets where you bet ON a certain outcome of a game/event, 'lay'-bet means you're betting AGAINST the same outcome. What makes this strategy so interesting is that you can deal and sell with your bets on book-makers like Betfair. […] Read more
Double Chance
The Double Chance bet is an online betting strategy that is particularly interesting for risk-averse bettors. In this case, you're betting on the probability that one of two events will happen. As a result of betting on two outcomes of a game, your odds to win the bet is enhanced by 33%.[…] Read more
Betting For Beginners
Halftime/fulltime bets
With this betting system, the risk is a little greater. No limit poker. In this scenario, you bet on both the half-time and full-time scores/result of a game. In our overview, we provide ideas on what this kind of bet looks like when it is won, and give you information about your chances of winning. Additionally, we show you the most suitable sports for this strategy. […] Read more
Handicap
Handicap Bets are more applicable when you expect a favourite to win…and to win handsomely. You simply give the supposedly weaker team an advantage (handicap) and expect the favourite team to overcome the advantage. This way, you can get higher odds for teams who are expected to win 9.9 out of 10 games. […] Read more
Head-to-Head bets
The name gives this strategy away. You back one individual/team against another in a contest. This is most interesting when betting on individual sports, but you can also bet on two competitors in a team sport, and let them virtually step up against each other. […] Read more
Hedging
Similar to real stock markets, you can hedge your bets against possible losses through selling and buying other bets. Betfair is the most common book-maker that offers possibilities to hedge your bet. If you want to learn how it works and get a short introduction and good examples, follow the link and learn more about this betting strategy. […] Read more
Multibet
The goal of Multi-bets is to gain high combined odds by adding multiple single bets (called 'legs') to one bet. You should keep in mind that with this betting strategy, your risk of losing the bet increases with each added leg. Multi-bets or Multiples are most interesting with football bets but you can make a good profit out of other sports as well. […] Read more
Last-Minute-Goal
In this article, we describe the attractive strategy of Last-Minute bets. Over the last few years, this strategy has become increasingly popular, especially with games that are being watched and where live bets are available. The further a game advances, the higher the odds of no goal to be scored gets. In this instance, you can bet against the current standings and you can earn some good profits. […] Read more
Lucky 15 bet
As an advancement of the Yankee Bet, the Lucky 15 Bet includes, obviously, 15 bets. These 15 bets comprise of 4 single bets, 6 two-leg multi, 4 three-leg multi, and 1 four-leg multi. How this strategy works and how big your chances of winning are, are shown in this article.[…] Read more
Over/under
This nice and simple betting strategy is easily explained. You have to figure out if the score/points during a game was higher or lower than the expected score. Although it initially only included betting on the number of goals scored during a football match, you are now able to bet on almost everything that is countable. That is why this strategy is not only available for football bets but also other sports like basketball, tennis or every other game.[…] Read more
Scorecast/wincast
In both the scorecast and the wincast you have to bet on a player to score a goal. The only difference between those two strategies is that, in addition to predicting the scorer of a scorecast bet, you have to guess the exact result of the game; while for a wincast bet it is enough to predict the winning team. In both cases, you need a little luck to win but also a good knowledge of the competing teams.[…] Read more
Surebets
Surebets or arbitration are bets that will bring winnings through combinations of specific single bets placed on different bookmakers. To successfully make money with sure bets you have to find the most lucrative quotas from different bookmakers and calculate if these bets are indeed sure bets. […] Read more
System bets
System or Yankee bets are most interesting when you want to play risky bets. It is similar to multi-bets in the sense that they both require multiple selections. However, the difference is that with system bets you can still win money, even if one from your selection loses. For multi-bets, that is not the case. […] Read more
If we have caught your attention for sports betting strategies and everything that deals with it, we recommend you our Livetipsportal bet calculator app, where you can calculate your odds easily on your smartphone.
With Michigan legal sports betting activating, Michigan residents can begin placing legal, online Detroit Red Wings bets as of Friday, January 22.
New to sports betting? SportsbookWire has you covered with a sports betting 101 guide to NHL betting, covering the money line, against the spread, Over/Under and mobile betting.
Be sure to sign up at BetMGM Sportsbook for their risk-free offer for new sports-betting customers within Michigan.
How to bet on Red Wings: Bet types
Money line (ML) NHL betting
The simplest form of sports betting and the first stop of all hockey bettors. The money line sets odds representing an implied win probability for both teams. Odds may range from -200 for a favorite to +200 for an underdog, or extend in either direction for more lopsided matchups.
The most common two-way lines are for a winner either in regulation, overtime or a shootout. Three-way lines can be set and include overtime and shootouts as a 'tie' for a third option at higher odds.
Against the spread (ATS) NHL betting
Spread betting, also known as the puck line, is much less popular in hockey than it is in either football or basketball. Almost always, the line will be set at +/- 1.5 and asks whether a favorite will win by 1 or more goals. Odds are typically equal on either side of the line and most commonly range from -120 to +120.
Alternate lines of +/- 2.5 can be found for a greater profit on favorites should they win by 3 or more goals or as a safer play for the underdog to stay within 2 goals in a loss.
Over/Under (O/U) NHL betting
Most NHL games end in a goal total of either 5 or 6. The Over/Under is usually set at 5.5 with equal odds on either side asking whether the two teams will combine to score more or fewer than 5 goals.
Like spreads, alternate lines exist with more profitable odds or as a safer play with a higher implied win probability on one side.
Attention Michigan residents!
Betting Forum
Michigan betting is now legal online.
Get some action on the Red Wings or any NHL matchup with a legal, online bet at BetMGMin CO, IA, IN, MI, NJ, PA, TN and WV. New customer offer: Risk-free first bet up to $500, paid in free bets. Terms and conditions apply. Bet now!
Sports Betting For Beginners
How to bet on Red Wings: NHL futures
Instead of betting on a specific game, get some action on the Red Wings' 2021 season as a whole or on certain players like captain Dylan Larkin.
NHL Future Betting to win the Stanley Cup can range from +650 for a favorite like the Colorado Avalanche to the Red Wings' +10000 long-shot odds.
At +10000, the Wings have an implied win probability of just 0.99%, but a $10 bet would return a profit of $1,000 if they pull it off.
Player futures exist for the Hart Trophy (MVP), Vezina Trophy (top goaltender) and other end-of-season awards, or as Over/Under lines for goal or point totals.
Also see:
NBA Betting – How to bet on Detroit Pistons for beginner bettorsMichigan sports betting: BetMGM launches mobile betting appHow to bet on Red Wings: Live/mobile betting
BetMGM has an excellent sports-betting mobile app that allows Red Wings fans to get some action on a game from puck drop to the final whistle. Odds and lines adjust throughout the game to reflect the score or current events such as power-play opportunities or lopsided shot counts.
Following along with the game and knowing which team truly has the upper hand at any one moment can be a great way to get some value, i.e., if the pregame favorite were to give up an early power-play goal.
Get some action on the Detroit Red Wings or other NHL teams by signing up and betting at BetMGM.
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