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Analyzing Winning Streaks in Sports Betting

Analyzing Winning Streaks in Sports Betting

Last updated on November 9th, 2021


Winning Streak in Sports Betting

 

Winning and losing streaks are very common in the sports betting industry. Every sports bettor was able to experience hot and cold betting streaks somewhere down the road.

 

A winning streak is defined by the ability of a bettor to avoid losing over a given period of time. If you are an avid sports bettor, then you must be familiar with Billy Walters — a man perceived as the most successful bettor to have ever graced the world of sports betting.

 

Willliam T. Walters is famous for his tremendous winning streaks which reportedly extended for 30 years. For that reason, he was able to mint millions of dollars annually.

 

While many may have suffered from losing streaks, there are also a good number of sports bettors who have managed to taste the beauty of winning streaks.

 

winning probability chart

Courtesy of Pinnacle

 

Researchers from University College London (UCL) discovered that winning streaks really do happen. According to the study, the more you win, the more you are likely to develop a good premise on how to place your bets strategically.

 

However, it was then further revealed that winning streaks are determined by more than just being skilled in sports gambling. Whether you believe it or not, one of the unjustifiable elements that can trigger a winning streak is luck.

 

You’ve read that right. Luck is like rolling a dice and getting the exact number you want. Of course, sports bettors need to be skilled when it comes to analyzing their bets, but luck is an effective sports betting solution if you want to secure good profits at the end of the day.

 

The growth of sports betting services in the online gambling market is evident in 2020. Not to mention, its compound annual growth rate is anticipated to rise by 11.4% until 2026.

online gambling forecast 

Courtesy of Statista

 

While getting a winning streak does not solely rely on data, there are ways you can do to limit the chances of suffering a losing streak.

 

  • Evaluate Your Betting History
  • Focus on Targeting Your Favored Market
  • Create a Short-term Betting Goal
  • Avoid Emotional Sports Betting
  • Find a Reliable Sports Betting Provider

You can also check out these related articles about sports betting:

 

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