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General Sports Betting Strategy1Ensure Good Bankroll Management. Effective bankroll management is essential for long-term success. ... 2Be Research-Driven. ... 3Track Your Results. ... 4Use Value Betting. ... 5Shop Around for the Best Odds.Hedging bets is by far the most successful betting strategy. This is where you're able to place multiple bets to cover all possible results and still make a profit regardless of the outcome of the game.