A lot of services are offering support for punters with a sports betting software. These programs are based on helping bettors in decision-making and finding values. Betting algorithms based on analytics and historical data can help to find overpriced markets and predict the outcome of an event.
Table of Contents
What is a sports betting software or algorithm?
An analytical program or algorithm can be created to support betting strategies.
Most of the time these programs are created by developers who have a strong skill set in coding and a decent knowledge about betting.
These complicated programs can be based on sports historical data or Artificial Intelligence.
If a professional bettor is able to build a script like this, the chance of becoming profitable is increasing. The role of a sports betting algorithm is to replace human actions.
A lot of the strategies require human action. It is very hard to write a code that can replace the intuition of a bettor.
Do sports betting models work?
After a short research on the internet, you will find a lot of services that offer sports betting forecasts and predictions. Some of them are using software based on betting algorithms.
Based on historical data they are trying to predict the outcome of future events.
But how successful are they?
Well, most of them are not taking enough information into consideration.
A lot of these betting software can be free too, but their data won’t help you in getting a real edge over the bookmakers.
Beating the bookies with simple betting analytics is not enough.
Think about it!
They have been in this industry for a lot of years. Some of them are offering betting possibilities for over 20+ years.
Do you think a free betting software that is on the market for 2 years can predict an outcome in a more accurate way?
Well, most of them don’t stand a chance. But fortunately, there are solutions to use analytics software and generate a decent profit from bookmakers.
Even the bookmakers are in a hard situation when they need to predict the real probability of an outcome.
Sports are beautiful because every kind of competition can surprise you. Even the smallest football team or a rookie in tennis can appear from nowhere.
After hard training, sometimes they can stand a chance against bigger players. These unforeseen events are making it possible for bookmakers to offer these services.
During these long years, some bookies have developed their betting models and algorithms to a high level. Those can predict the winners in a fairly accurate way.
This is the reason they are able to generate so much profit. Some of them are so good at it as even smart bettors can’t really conquer them.
So, my short answer: yes, sports betting models are working. At least for bookmakers, as we know at the moment. But keep reading to find out more!
Is there an algorithm for sports betting?
We already know that betting models are working. But is there a way for us, sports bettors to make profits based on betting or analytic software?
Based on my experience there are several ways to think about making money from this activity. The basic approach is trying to figure out which outcome might win.
A lot of websites and tipsters have based their service on trying to offer “accurate and winning predictions”. Some of them might be successful.
You might find tipsters with an insane amount of knowledge and experience. Following a sport with the intention of learning and developing strategies can help you become profitable.
This approach is very common by a lot of tipsters. But unfortunately, the successful ones are not offering any service for free.
Would you help anyone in this industry for free knowing that they are making thousands of euros?
Spending your time on figuring out winners for totally free?
Well, you can find some of these guys, but they are rare. Most of them are asking for a monthly fee between 20 – 100 euros.
Your only task is to find the one who suits your needs and finances.
Betting software for football or tennis?
These sports are the most followed when speaking about prediction algorithms. A lot of bettors are dreaming about placing a hand on a soft that will make them rich.
Some tech-savvy guys have created automated betting algorithms based on their own strategies.
These are generating decent profits, but they are not available for a wide audience.
Can you win in sports betting by using betting software?
There are a lot of betting softwares even for free, that can help you win. The first thing you need to accept is that predicting the winner of a match is not the best route to follow.
If you are a beginner, this is the hardest strategy to follow. On the other hand, I will show you techniques based on mathematics that can make you a winner in sports betting.
Every bookmaker is making mistakes on a daily basis. There is no way to generate odds without missing some information and offering overpriced markets.
Do you know what is the beauty in those wrong lines and odds? You will find out now!
These are offering loopholes for guaranteed profits. Thousands of bettors are taking advantage of them and this information didn’t go viral. To be honest, I can’t figure out why.
If you find these overpriced markets, you can place a bet on them. If you are covering the other outcome by placing a bet at another bookmaker, you will make a guaranteed profit.
No matter who wins, if your stakes are right, you will generate a decent income from these bets. This technique is called arbitrage betting.
You might be familiar with this name because it is used in the financial world too.
But how to find these sure bet opportunities?
There are several ways, but the most basic ones are searching them manually or using a bookmaker scanner software.
Both of them can be successful, but using sports betting software even a free one, will boost your chances.
Here you can read an article about these scanning programs and some of their free versions are listed too.
Want to make Big profits without risk?
Check my comparison table about the best free arbitrage scanners softwares!
Software for matched betting
Another strategy I would like to mention is matched betting. This is the most beginner-friendly technique for taking advantage of bookmaker bonuses.
They are offering these to attract as many new clients as possible and to keep the existing ones active.
With matched betting, you can complete almost every offer without losing your deposit or the bonus itself. It seems promising right?
Well, you can make 500 – 2000 euros in a month from this strategy itself. It depends on your possibilities of accessing bookmakers and how long you are willing to work.
I have several articles about matched betting. This strategy is fairly easy to learn.
If you are using services like OddsMonkey, your only task will be following their instructions.
They are guiding you from finding the best bonuses, through placing specific bets and withdrawing money. Here you can find my review about them.
Value betting software
Value betting is the kind of sports betting. It is based on finding overpriced outcomes and placing bets on them.
Based on mathematics if you can find odds that are bigger than their probability to win, in the long run, you can make profits on them.
This strategy is based on mathematics. Not covering the other outcome, in this case, is the key point.
Of course, with this tactic, you will risk your money, because a lot of the time you will lose your bets.
But if you are betting only on wrong odds, you don’t have to be afraid. In the long-run statistics are always winning. You may experience some losing and winning streaks too.
The good part of this strategy is that a lot of websites are offering services for value betting. Their algorithms are spotting overpriced markets.
These opportunities are displayed in seconds, so you can take advantage of them. A very useful software that I can recommend is RebelBetting.
In the following article about free arbitrage scanner software, you can find more details about them.
A more detailed review of RebelBetting.
During the years they have gained a lot of experience in this industry. The application they are offering for a fair price is useful for almost every betting strategy.
In this case, I would like to mention their value betting software. For a fair price, your only task will be to filter out your bookmakers and place every bet they are displaying.
Yes. A lot of betting software and algorithms are very useful and they can help you in beating the bookmakers.
A lot of algorithms are helping punters in betting. The most common ones are created for matched betting or value betting.
The best softwares for predicting the outcome of an event are created for value betting. They are scanning bookmakers for overpriced markets.