Flat betting can be an excellent approach to stake your sports bets, but it can be challenging to get your mind around this more complicated strategy at first.
If you’ve progressed beyond the fundamentals of betting, you’re undoubtedly curious about the methods and strategies that expert bettors use to make money over time.
One of the most significant differences between sharps and casual bettors is that sharps follow a strict plan for what to bet, how to wager, and how often to bet.
This guide will show you what you need to know about flat betting.
What Flat Betting?
Flat betting is a term that means you bet the same amount on every hand you play in both land-based and online casinos. Flat betting works on the principle of betting the same amount until you hit a winning streak.
To begin flat betting, as with any other betting strategy, you must first decide your initial investment, which might be anything between 1% and 5% of your bankroll.
What Is a Flat Betting Strategy?
The flat is one of the most common financial betting techniques today, and it stands out for its relative simplicity.
This technique is also known as “fixed stake amount” because the basis is that you set a stake amount at the start of the game and stick with it for an extended period.
Types Of Flat Betting
Flat strategy comes in various types, including static, aggressive, academic, and chaotic.
Static Flat Bet
When it comes to static flats, the stake amount usually is equal to 1% of the initial bank. So, for example, if your bank balance is $5000, you must stake $50 each time, regardless of whether your bank balance rises or falls.
Academic Flat Bet
In the case of an academic flat, the value of each bet might range from 1 to 3% of the starting bank, depending on your confidence in the selected event’s positive conclusion.
This method is especially beneficial for gamblers who are well-versed in a particular country’s championship games or specialty sports and can make the most precise forecasts. Put another way. You can bet 2-3% on events from a championship or popular sport and 1% on anything else.
If your losing trend continues, you can always increase your stake level to 1% for all competitions. This will protect you from incurring unnecessary bank losses.
Chaotic Flat Bet
A chaotic flat exists as well. However, it does not entirely suit the system’s definition. The truth is that some players don’t fully get the core of this gaming strategy and mean a fixed percentage of the bank under the flat without considering what that percentage should be.
As a result, bettors begin by wagering 10-20% of their initial bank, frequently resulting in a loss of funds. This sort of flat is undoubtedly efficient, but it is also the riskiest of the three.
Aggressive Flat Bet
The aggressive flat bet system entails keeping the initial stake size in the range of 2-3 percent of the bank throughout the game, irrespective of the intermediate outcome. Even if a string of losses overcomes you, you must stay the course and not reduce your bet percentage.
Flat Betting Strategies
The Miller Strategy
John R. Miller, the author of the book Professional Gambler and a well-known American bettor, invented Miller’s method. There are two sections to the system.
Miller’s System dictates that you concentrate your betting efforts on events with odds ranging from 1.85 (-118) to 1.91 (-110), or odds as close to 50/50 as possible.
The second phase of the game necessitates a precise staking strategy. First, you bet 1% of your total bankroll until the total value of your bankroll has increased by 25%.
To beat odds of -118 to -110 and gain money in the long run with this betting method, 53 percent of your bets must be graded winners. However, many bettors who have a decent understanding of the sport they’re betting on and are disciplined enough to stick to this approach should be able to accomplish so.
The Bank’s Fixed Percentage
Although this financial approach has many similarities to flat betting, it is frequently seen as a unique entity. For example, the proportion of the stake changes at “control points” in an ordinary flat bet, whereas changes in your bankroll determine the stake amount in fixed percentage betting.
Pros And Cons Of Flat Bet Strategy
The fundamental benefit of a flat bet system, primarily static and scholarly, is that it can produce a measurable profit over time.
Furthermore, unlike many other bet techniques, you have a far lower danger of losing your whole bankroll.
However, a few crucial considerations to consider when using this strategy can affect your earnings. First, you must successfully assess the chosen event because if more than 50% of your forecasts are incorrect, you will likely lose money.
Second, you shouldn’t expect to get rich quickly if you start with a tiny bankroll. This aspect frequently pushes gamblers to play with bigger stakes percentages. However, this is a risky strategy.
Advantages Of Flat Bet System
If you stick to the recommended strategy of betting lines ranging from -110 to -118 and betting 1% of your bankroll on each bet, you’ll make money in the long run if you hit at least 53% of your bets.
While 53% of bets may appear to be a significant hurdle to overcome at first look, keep in mind that you’re starting with a 50/50 probability on the bet.
You should be able to reach up to approximately 53% if you know the sport inside and out, understand how each team might match up, consider the weather, the home-field benefit, and a variety of other aspects.
As you can see, the flat betting method has several benefits, so thousands of bettors like it. However, another difficulty is that this approach has flaws, and you must evaluate whether the strategy is right for you. Although the flat bet system can be employed in practically any table game, it is most commonly used in roulette and blackjack. The flat bet is beneficial to newbies because it is easier to make a profit at the end of the game. After all, the chances are slightly against you. Furthermore, you will not be required to place a bet that you are dissatisfied with or refrain from placing a larger bet than you can afford.