For me sports betting isn’t all about winning bets. It’s more about using my sports bet to improve the enjoyment factor of the sports I choose to watch. As I’ve said on more than one occasion having a bet on makes watching the game that more exciting.
Having said that if I have a chance to improve the chance of winning a bet I’m going to take it.
That brings to mind the post I wrote a while back called improving your odds on a sport bet. The problem with that example is that the team you back have to win for the bet to pay off.
For todays post I’m going to give you an example of covering your bets to increase your chances of winning.
Covering Your Bets To Increase Your Chance Of A Win
My bet of the week today was on the Adelaide United vs Melbourne Victory game tonight. I decided on the covering your bets option after Lady Luck advised me against placing a bet. I checked my favourite online bookies before placing a bet to see who offered the best odds. This time it turned out to be William Hill.
As you can see I placed $10 on Adelaide United to win as well as $5 on Melbourne Victory to win. The only way I can lose this bet is if it’s a draw or if the win happens in extra time. I wrote about that in the post When a Win Is Not A Win. I tell you, it was a bit upsetting when that happened to me the first time but now that I know all bookies apply that rule I’m now fine with it.
Covering your bets may not always come out in a win win situation, as this one did. It all depends on what odds were being offered. If the odds on Melbourne victory was any lower I wouldn’t have bothered applying the covering your bets rule and just placed a straight bet on Adelaide United to win.
By applying the covering your bets option an Adelaide United win will net me a profit of $6. If Melbourne Victory wins I only win $1 but that’s better than not winning anything at all. Either way it increases my William Hill sports betting bankroll. And, increasing your sports betting bankroll is always a good thing. :drunk: