When it comes to betting strategy, there is only one thing that really works. And the reason whythis thing works is due to factors like mathematics, facts, and probability.This reason is the same one why major betting websites like Bet365, has turned in since 2019,high profit of over 2.9 billion in annual revenue.These betting websites, will never divulge their secrets, instead they will have you looking in theall the wrong directions – it doesn’t matter if you pick a winner 8 times out of 10, spot a horsewith a good turn effort or even find a team with new up-and-coming players. All of these thingsare what the traditional media wants you to focus on, and it is completely wrong.And this is what we will prove to you in this article on developing a betting strategy that works.You see betting strategy when you know how to use it, is incredibly simple, especially when youfactor in all the tools and technologies that is now available to bettors online.So, in this article on Betting Strategy that works | Make an income betting on sports, we willexplain what makes a successful betting strategy and how you can find value for yourself. Betting Strategy: How It WorksHere, we have discussed how betting strategy works and key factors that influence it. ProbabilityAt the core of every betting strategy is probability or an implied chance as it is sometimesreferred to. Knowing the implied chance is the most accurate way to gauge if betting odds havevalue or not. And to be successful in betting, you need value to win.You see, it doesn’t matter if you choose the right horse four times out of five in a race, if youweren’t getting value the short-term results would be random distributions, but over the long termyou’ll lose.It is a fact the true payout is inline with probability. And this is how bookmakers make moreprofit, using simple mathematics. They take the probability of something happening, convert theprice into betting odds and then offer you a lower one. So, to have a successful betting strategy you must do the complete opposite as it is the only thingthat works. This leads us to the next point in this article. Identifying ValueAs a bettor, how do you identify value for your betting strategy? The first thing you need toknow is the implied chance of an outcome or true odds, as it is sometimes referred to.But, this could be a problem, as it is a complicated task, so we’ll suggest a quicker and easierway for you to do this.Just look at the betting exchanges close to the start, it’s the closet indicator to true odds you’llfind, especially when you learn to consider trading volumes.The reason why this works is simple, the wisdom of the crowds; a well-documentedphenomenon based on the law of averages. Being close to the event start is also important, as itprovides the most efficient results with a larger data sample.Although, that is only the first part as it will give you a good indication of a true price, then youwill be the one to find a bigger price on that outcome. By doing this you’ll massively increase theamount you win. The more you do this, the more you win.For example, if your selections got a 25% chance of winning, the odds should be 4.0. If you getthe 20% price even though your bet has a 25% chance of winning, over the long term there is a5% profit margin.That’s to say, if you bet 10 pounds a 4.0 over a hundred sample bets you’ve more than likelybreakeven with 25 winning bets at 40 pounds return, totaling a thousand pounds return. Which isthe same amount you staked in the first place a 100 bets at 10 pounds.If we take the same example, but add in a 5% margin, the results will be 10 pounds at 5.0 over ahundred bets, you get 25 winning bets of 50 pound return, totaling a return of 1,250 pounds.However, keep in mind that you only risked the same 1000 pounds in the previous example. Thisis 250 pounds value for you. StakingThere is more to maximising profits, and once you know the true price and find one of value,then you move to staking because that’s another part of the puzzle. The stakes must be relative tovalue. If there is a bigger margin, the stake is bigger.This is simple, like in business if you had a product with a bigger margin and the opportunitypresented itself, you should work hard to sell more of those products. Doing the opposite is not avery smart move. ChangeRemember, everything is about price, not the horse, team or player. These things are allirrelevant, the easiest way to find value is in change. Sports with fast changing odds are theeasiest way to find value.Horse and grey hound racing are good examples of this fact, specifically in the last ten minutesbefore the start of the event. Learning about what moves a price is key in this respect.Anticipating a move and being one of the first bettors to exploit price is the most reliable bettingstrategy you will ever come across. When it comes to adopting a betting strategy that works for making more income, the first thingyou don’t want to do is make decisions based on gut feeling or fancy, or even worse listen to atipster, particularly if they want you to click their link.Instead map out for yourself clear betting strategy that were formed based on reliable methodslike probability, real value, stakes, and changes, like the one we have listed out in this article.