If you are a regular punter or even if you are a rookie in sports betting who is just getting started, you must have certainly come across the phrases “Bet to win” and “Bet to risk”. In fact, these two phrases reflect the two main approaches or, better yet, the two main philosophies in wagering.
Every time you go to an online sportsbook or casas de apostas legais em Portugal to place your bet, you are called to enter the amount to win or the amount to risk. That’s exactly what we are talking about when we are referring to the two approaches. Let’s see the whole issue in more detail.
The ‘bet to win’, in its most simple explanation, is the bet you place in order to win a desired profit, which, rather obviously, is the maximum profit you can get from a wager. Your staking depends on the odds offered by the casas de apostas desportivas and, as such, it is not constant. Rather, it is adjusted according to the odds and the desired payout.
You bet an amount to win – an amount that you have in mind in advance. In other words, you bet in order to gain a certain amount of profits (should your bets win, of course!).
The ‘bet to risk’ approach is totally different. Here you place a bet irrespective of the odds. You don’t change your stake to adjust it to your goal regarding the payout. You have a stake (too often is pre-determined by your betting strategy) and you place bets without taking into consideration the odds. In simple words, the bookmakers’ odds don’t dictate your bet. It is you who has the absolute control of your staking and betting.
Okay, the two approaches are different from a staking perspective, but are there any other implicit or explicit differences impacting your betting?
Betting to win means that your wagers are not precisely consistent with a solid bankroll strategy or a specific betting game. Rather, they are set and adapted on the basis of what the offered odds suggest. You are staking so as to win more, but if you lose you can lose big time.
Think, for example, a punter who wagers on a basketball game, choosing to back the Milwaukee Bucks who are -150 favorites to win. Betting to win $100 will get the punter to put in $150. Now, if the Bucks win, then the punter gets a total of $250 back, with the profit being the $100, while the remaining being the initial stake. If the Bucks lose, the punter ends up losing his entire stake, which is $150.
Now, let’s see it with the bet-to-risk approach. The punter bets $100 and this is the amount that he puts into risk if the bet doesn’t win. So, if the Bucks don’t make it at the end, then the punter loses his stake. But if they win, the punter gets a profit of nearly $67 and his $100 back.
The main difference is how much you win and how much you lose. The risk tolerance is much higher in the bet-to-win approach because you are risking different amounts for different odds. For the favorites, you are risking to lose more compared to bets on the underdogs. On its own, this is a by-default complex, because if you are a bettor who generally chooses to back the favorites and regularly wagers on the favorites, then you’ll have to come to terms with the fact that you will be constantly risking a lot of money. If you win, you’ll win a lot, but you risk a lot as well.
On the other hand, betting to risk mitigates the exposure to excessive risk and gives greater control to the bettor. You get to decide the stake irrespective of the odds. You decide how much you stand to risk (and possibly lose) to get a profit. It might not sound that significant if you think of isolated bets, but in the long run, controlling the risk and setting limits to what you can risk losing is absolutely critical for your betting performance.