By Michael K 
Data Bridge Market Research informs us: “The sports betting market in Asia Pacific is set to grow from 2023 to 2030. CAGR will be 9.5% during the forecast period. The industry will reach USD 118,393.74 million by 2030.”
The rise of sports events and the development of digital infrastructure are key factors that drive the growth of sports betting. Below, we’ll cover the key terms for newcomers and some promising strategies.
Understanding the Basics of Betting
In sports betting on 1xbet MM, you risk money on the outcome of a sporting event. If your prediction is correct, you win. If not, you lose the bet. Gambling activity requires knowledge of key rules and concepts that shape your experience.
Basic Terms to Know for Successful Betting
It is important to master the basic concepts to build a foundation in betting. Realizing them will greatly improve your tactic.
- Odds. These are numbers that indicate the likelihood of an event occurring. It determines the potential payout.
- Win. This is the total amount you receive if your bet wins, including the initial investment.
- Handicap. This is a situation in which one sportsperson has a handicap in an event to even out the odds.
- Bankroll. This is the total amount of money set aside for betting.
- In-Play Betting. This is placing bets on events that are happening at the moment.
- Cash Out. This is a feature that allows you to settle a bet for a certain value before the tournament ends.
Read more about the terms listed to make it easier to choose a strategy.
Explore the main types of bets
Bookmakers like 1xbet MM offer different categories of sports bets. Below we will look at the most popular options.
| Bet Type | Explanation |
| Moneyline Bets | This is a standard bet on the winner. These bets are suitable for new users as they are easy to understand |
| Score Spread Bets | This is a bet on a team to win by a certain number of points. |
| Totals or Over/Under Bets | Bets on the total score of both teams, over or under a selected amount. |
| Prop Bets | These are bets on specific game events, such as who will score first. This is a risky option for new users. |
| Parlay Bets | Combine multiple bets into one. All bets must win to receive a payout. This increases the risk and potential winnings. |
| Futures Bets | You can bet on future results, such as a team winning a tournament. |
If you’re new to sports betting, moneyline betting is a great option to start with.
Analyze and understand the odds
Before you place a bet, you must understand the odds. They represent the likelihood of an event occurring and determine the potential return on your investment. Bookmakers use several types of odds.
| Coefficient type | Example | Explanation |
| Decimal | 2,00 | It represents the ratio of the winning amount to the bet size. It shows the total payout for 1 local currency bet. |
| Fractional | 3/1 | It represents the winnings proportional to the bet. The fraction 3/1 means that you win 3 for each unit of local currency bet. |
| American | -200/+200 | The minus sign shows that you must bet the specified amount to win 100. The plus sign demonstrates the payout amount if the bet is 100. |
Beginners should understand how to calculate potential payouts for different odds formats. They must compare odds on various events to identify profitable options. Take the time to study match statistics, team results, and other factors that affect the odds.
Use sports betting strategies
Making long-term profits in sports betting can be difficult, because the bookmaker’s edge is at least 2-3%. Becoming a professional player requires self-discipline and careful analysis. Experienced bettors win about 55% of their bets. However, with enough patience and a clear strategy, you can beat the bookmaker in the long run. Below, we will analyze famous strategies.
Value Betting
Value betting is when a user receives higher odds on an event than they should. When flipping a coin, the probability of heads or tails is 50%. The actual odds for each side should be 100/ You can bet 100, and get 100 units of local currency.
If the odds on heads were 120 (bet 100, get 120), it would be a good bet. This is because you are betting on odds that are higher than the actual probability of heads.
Bookmaker odds are just an opinion. No one can accurately assess the outcome of a particular match because there are too many variables. Portals’ opinions are backed by statistics, data, and experience, but they can still be wrong. If you can estimate the probability of certain events happening in a match more accurately than the bookmaker, you have an advantage.
Kelly Criterion
This formula enables you to determine the optimal bet size based on the probability of winning and the potential gain.
Kelly percentage = W − [(1−W)/R]
- In this formula, W is the probability of winning,
- R is the ratio of potential gain to loss.
This tactic is aimed at increasing your capital in the long term and reducing the risk of bankruptcy. It is suitable for players who know the probability theory and expected value.
While the Kelly Criterion can lead to long-term growth, it is a complex approach that may result in short-term volatility. For this reason, some bettors prefer fractional Kelly, where they bet on a smaller percentage of the Kelly Criterion to reduce risk.
Martingale strategy
This tactic involves doubling the bet after each loss with the idea that the player will eventually win and recoup past losses. This algorithm is based on the assumption that the probability of winning after a series of losses is higher, allowing the bettor to recoup their losses quickly.
Let’s assume that your standard bet on The Indian Cricket League (ICL) matches is 100. Below, we will examine the betting system that utilizes the Martingale strategy. We will assume the odds are equal to simplify the calculations.
Game 1:
- Stake: 100,
- Result: loss.
Game 2:
- Risk: 200,
- Result: loss.
Game 3:
- Risk: 400,
- Result: loss.
Game 4:
- Risk: 800,
- Result: loss.
Game 5:
- Risk: 1600,
- Result: loss/
Game 6:
- Risk: 3200,
- Result: win.
Total income: +100.
Theoretically, this strategy works, but it is risky and can lead to significant losses in the event of a long series of failures.
Hedging, dutching & middling
Here are some more advanced strategies to increase your profits or reduce your losses at 1xbet MM.
Hedging involves betting on the opposite event to guarantee a portion of your profits. This strategy works well if you have a big underdog whose line has changed significantly. You can bet on the favorite to make a profit regardless of the outcome.
Dutching has many similarities with hedging, but it is suitable for bets with multiple options. If the user prefers long-term bets on the NBA, he might find it challenging to decide between the Boston Celtics and the Denver Nuggets, with both at +500 odds. He should bet a smaller amount on each team to increase your winning chances.
Middling can also provide good profits, but it requires access to several gambling platforms and maximum concentration. In some less popular sports, including college tournaments, you can find bets on totals that have changed significantly from the initial level. Let’s say you placed a bet on the under, but the over/under line moved down five points. In this case, betting on the updated over will provide a nice profit if the count ends up in the middle. Even if it doesn’t, you’ll still win one of the two bets and won’t face significant losses.
Sports betting tips for beginners on 1xbet MM
We have also collected some tips from professional bettors that ensure a profitable and safe gaming process.
Start small
Start your journey with small bets to reduce risks and explore the dynamics of betting. Such a start will allow you to feel the process without risking large amounts. This tactic is especially relevant at the initial stage, when you can make standard mistakes for beginners.
Once you gain confidence and get used to the 1xbet MM website, consider gradually increasing your bets. This growth should be proportional to your budget and level of confidence. It is important to ensure clear financial monitoring and risk minimization.
Increasing bets with correct management will increase your payouts and ensure the growth of skills and understanding of bets.
Proper bankroll management
The correct distribution of funds is key to success for any sports bettor. This is the only way to generate a long-term profit.
When managing your bankroll, you are essentially betting a certain percentage of your total available money to avoid running out too quickly. You can maintain a standard bet size, such as 2% of your bankroll. Adjust it according to your level of confidence in the results. Never bet more than 5% of your budget on a single bet, as long-term losses can ruin your bankroll. We recommend you to keep track of your bets in a spreadsheet to see which ones are most profitable.
Bet Sober/Don’t Tilt
You have probably heard about Las Vegas casinos offering free alcohol to visitors. Such drinks can affect your ability to make rational decisions. Avoid getting drunk if you want to achieve good results in sports betting.
The second part of the recommendations is related to tilt. This term in the gambling industry refers to users who allow emotions to take over. Playing in a state of depression or disappointment leads to making wrong decisions.
Stay calm and focused when betting on sports. We recommend keeping track of your bets in a spreadsheet to identify which ones are most profitable.
Final words
Sports betting is gaining popularity in Asia. Several countries in the region have already legalized wagers. With this growing interest, new users must study effective betting strategies. Learn about the sports and betting types, budget carefully, and avoid emotional actions to achieve success. Newcomers can enhance their chances by following the algorithms outlined above.