Is betting to win for guaranteed returns better than betting to risk for higher payouts. This article will cover the pros and cons of each sports bet.
Why do you bet on sports? Most people would say that they bet to win. After all, they are in it to make a profit and hopefully build a career as a professional bettor. However, others are willing to “bet to risk.”
How do these two types of betting work? What are the differences between bet to win vs bet to risk? Here are the things you need to know.
BETTING TO WIN EXPLAINED
When you bet to win, you wager a pre-determined amount based on the odds of the game, with the main intention of handicapping the bookies and maximizing your potential profits. Most of the time, if you are betting to win, this would also mean that you are going to wager more money in order to secure the highest potential earnings.
To better understand how betting to win works, take for example an NFL game with a favorite moneyline odds of -150. If you are betting to win, your most likely move on this is to wager $150 on the favorites so that if they win, you get to have your wager back plus a $100 profit. On the other hand, losing would of course mean losing your $150 wagered.
Take for example betting on the Super Bowl 2022. Currently, the Tampa Bay Buccaneers are the biggest favorite by the sportsbooks, with odds of -500. This means betting $100 on them would yield a profit of $500. For people who bet to win, taking this pick might seem like a no-brainer, as the potential profits look very enticing.
The potential for higher rewards, in the long run, is one of the reasons why betting to win is what professional bettors are doing. After all, most people bet on sports in hopes of making money out of winning bets and getting rich. People who are also after making the most money in the shortest time or in as few bets as possible also often bet to win.
Since bettors who get to win also have a pre-determined amount they are willing to wager, they often find odds and lines that can fit into their “budget” and go for it.
Those who prefer to bet to win consider the potential profits more than any other factors.
BETTING TO RISK EXPLAINED
Betting to risk is a little different as it is focused more on controlling the risk well rather than making sure that every bet is as profitable as it can be.
Those who do this often describe betting to risk as a better choice for a long-term profit in sports betting. What makes betting to risk different is that punters who do so do not wager their money based on the odds given by the bookies – they can bet a bigger amount to make a bigger profit, or they can also bet a smaller amount to make a smaller profit but with lesser risks.
Take for example an odds for a favorite at -110, and $10 to bet. Those who bet to win will have to bet a dollar more at $11 – since those who bet to win always try to handicap the bookies by putting the vig into consideration.
On the other hand, if a punter bets to risk, they would bet $10 even if the potential profit would only be at $9.09. Still, for those who bet to risk, this would mean they lose a dollar less should they lose the bet.
In simpler terms, betting to risk can be easily explained to newbies as the principle in betting wherein you do not rely on what potential profit the odds tell you. Also, those who bet to risk do not fret over the potential amount they potentially lose just because, say, they are betting only $90 in an odds of -110 rather than a full $10 for the rounder profit.
Thus, for punters who bet to risk, evaluating the risk and managing it is more important than making sure that you get the most profit out of a wager. This is a means of improving a bettor’s ROI and minimizing the losses instead of getting rich from a lucky wager.