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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.
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BETTING TO WIN
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.
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.
BETTING TO RISK
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.
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.
BETTING TO RISK PROS AND CONS
Pros
One of the major pros of betting to risk is that you are in control of the amount you wager, no matter how the odds and lines are. This essentially means that you are able to make the most out of your bankroll for a longer time.
This is why the “betting to risk” approach good bankroll management as it helps you mitigate losses, even if it would mean smaller potential profit per bet. After all, an effectively managed bankroll is always better than a good win rate.
Cons
As mentioned already, betting to risk means you get to have lesser profit potential per bet. This can be tricky – betting on the underdogs often promise better profit yield if won, but might also mean a considerable amount of loss if the bet is not won.
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