Zack Wilson is an experienced sports writer with over a decade’s worth of professional work behind him. After cutting his teeth at Goal.com, one of the world’s biggest football websites, Wilson moved into the world of rugby league, and helped take Love Rugby League to its position as one of the UK’s premier rugby league websites. Particular highlights of his career include interviewing the dual-code rugby legend Jonathan Davies, and working in the press box the first time that Scotland played Australia, at Hull, and then England, at Coventry, in rugby league internationals.
1.01 Betting System Explained
When it comes to online gambling, there’s very little you can actually do to improve your chances of winning. Obviously experience helps, noticing particularly wide windows of profit is a great skill to have, but when all’s said and done it’s pretty much out of your hands…
Or so you thought. Over recent years professional punters have been desperately trying to utilise their skills to develop strategies and improve their online gambling odds, even for election betting, and throughout this article we’re going to explain exactly how savvy players are making money (in some cases, thousands) with relatively little risk – it’s called the 1.01 betting strategy.
Key Takeaways
Low wagers for low profit
Profit takes a long time to accumulate
Very low risk strategy
Requires a keen eye for opportunities
Can work with any level of stake (£1, £10)
An introduction to 1.01 betting
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It’s not easy to make money from online gambling, in fact most new punters could well be in a mindset where they don’t actually expect to make any profit whatsoever, and gamble purely for fun. Now there’s nothing wrong with this, but there’s no reason why you shouldn’t be able to make profit and have fun at the same time, so here’s our guide to 1.01 betting explained.
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Never stake more than you need to
The key to making this strategy work for you is in its name: never take a bet with odds lower than 1.01 (1/100). This may seem crazy to punters regularly engaging in online gambling, as no doubt they’ll be used to the classic accas and hail mary bets that we all know and love, but it’s the cornerstone of the 1.01 strategy.
To continue our guide to 1.01 betting explained, let’s look at the core fundamentals of this strategy. The idea here is that if you’re never going to lose a whole lot of bankroll in one swoop, and the odds are heavily stacked in your favour. More often than not, you’ll win your bet. Yes, you’ll only win a very small percentage of your original bet back, but these add up, especially when you’re utilizing this strategy correctly and regularly.
Stick to the denominations
Most punters that utilize this strategy stick to placing £1 bets, on 1/100, hoping to take £1.01 from the winnings. This probably seems like madness, but consistency is king: if you win 100 £1 bets at 1/100 odds, you’ll have doubled your money.
Keeping your stake this low ensures that eventually, if you’re placing your money wisely, you’ll make profit. Experienced 1.01 bettors have been known to raise their stake money to £10, making 10p on every win to expedite the process, but for this theory to work you generally need to always place the same low amount – especially when first starting.
Know your sports markets
There are many areas where you’re likely to see 1/100, most commonly and easily located in the Football markets. Favourites to win are regularly given 1/100 odds in-play when they have built up a lead, while teams that have become detached at the bottom of the table may become huge favourites for relegation.
It’s not just football though. Any crazy obvious match in any sport could well have these kinds of odds, although you have to be aware that it’s always possible for a crazy underdog story to spoil your “dead cert”. This can happen, and it will definitely be a setback to your strategy. As you become more familiar with your area of betting expertise though, it should happen less and less, making experience the key to improving your chances of earning with the 1.01 betting strategy.
Learn to Lay bets (properly)
It’s one of the newest tricks on the betting scene, with exchanges changing the way punters can earn money from online gambling. It’s not easy to get your calculations on the exchange right every time, but if you can develop the ability to lay your bets in accordance with your backed ones, you could be in for some serious profit. This type of strategy works great in conjunction with tennis betting strategies – even better, in-play tennis betting strategies.
More than the profit though, it’s about avoiding the risk. If you can get into the habit of making up for the potential losses of a backed bet, even at 1/100 odds, you’re essentially multiplying your future profits by mitigating your losses.
Bet live and in-play
In combination with laying bets, you want to be keeping an eye on the live odds at your chosen exchange and/or operator. Because we’re working with such small numbers when using the 1.01 betting strategy, even the slightest change in odds is significant; it might not seem a big deal that a 1/100 has increased to 2/100, but that’s double your profit.
It’s in these situations where laying a bet on the opposite outcome of your backed bet could be a perfect way to guarantee a profit (however small) or mitigate your losses substantially, should the worst happen. When you hear 1.01 betting explained in plain english, it’s not as hard as it first seems.
Don’t expect to win every time
If you’re using the 1.01 betting strategy properly, you’re probably not going to lose an awful lot of your bets. Sure, at first, your wins will be so small that it won’t feel like you’re actually winning, but you know for a fact you are.
This won’t always be the case. Although it’s a ridiculously small chance, you could easily lose once, twice, three times on the bounce. It’s the luck of the draw, so don’t immediately give up if you do give away a couple of wagers at a time. Remember: the cornerstone of this 1.01 betting explained guide is longevity. Eventually you are going to turn a profit if you dedicate yourself to finding the ring markets and wagers on a regular basis.
Other Strategies
We hope our 1.01 betting explained guide has helped to enhance your knowledge of this particular strategy – but it’s not just the 1.01 betting strategy that’ll give you an edge over the competition: there are a handful of clever tips and simple tricks to employ while you’re online gambling, and luckily for you we have a load of guides ready to give you the rundown of what’s hot and what’s not. Combining one or more of these tactics at any one time could easily result in a massive profit margin for your session, so we highly recommend you don’t miss out. Try our greyhound racing betting strategies or horse betting system guides for something a little more fast paced, read more about matched betting, or consider cricket betting strategies if you’re into ball games that give you massive intervals to make wagers within.
Conclusion
The 1.01 betting strategy isn’t for everyone. It takes dedication, practice and a lot of faith, because even when you’re winning, the minute profit margins are going to give you the impressions that you’re, in-fact, struggling. Should an unexpected loss come your way (Leicester could always win the league again) it’s going to take a huge chunk out of your collected profits.
The fact is, the 1.01 betting strategy is a theoretical winner. The odds are always in your favour, turning the tables on the bookmaker and putting you in the driver’s seat, meaning that if you placed 1000 wagers at 1/100 odds, you’re almost guaranteed to be in the money.
It’s a low-risk low-reward tactic that focuses on the likelihood of constant profit rather than the possibility of a massive one-off win. If you plan on playing for a long time, at regular intervals, the 1.01 betting strategy is definitely worth having a think about. We’re hoping this 1.01 betting explained guide has given you all the information you need to start a successful online gambling career.
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