The goal for sports punters would be to earn a profit whilst enjoying our favourite sport. The sad facts are that in most of gamblers, that is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.
There are two things to consider to benefit from sports gambling:
The initial, Bet Selection, is obvious – we need to back winners at least a few of the time. Let’s consider Horse Racing, anecdotally there are various professional punters who earn a cushty living from picking horses, but the key word here is professional. Research and analysis of every horse in the 59 racecourses over the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we have to use the advice of experts to accomplish some of the legwork for all of us.
Horse Racing Tipsters
UK horse racing does not have any end of self-proclaimed “experts” online charging up to ï¿½100 monthly. When selecting a horse racing tipster the most important factor we have to consider is longterm results.
THE WEB is awash with tipsters who’ve had one good month but go on to post a loss for another six – but you will only see that one month on their home page! Never follow any tips without first checking the tipster’s full result history. Select a tipster who publishes almost all their horse racing tips history, ideally where in fact the outcomes of the tips are published the very next day plus a complete history of most their tips.
Check out a Tipster Proofing site such as Racing-Index who grades the outcomes for a number of tipsters. Consider which tipster gives you gave 토토사이트 for money and fits with your personal betting profile – can you actually place the hundreds of tips each month some tipsters require?
Following tipsters alone is not more likely to earn us riches – the very best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The perfect solution is is to develop our very own system using tips from expert sources coupled with our own research. This is actually the strategy successfully used in greyhound racing by followers of the website. As with the majority of things; the more you placed into your system the more you’ll get out.
After we have a betting strategy set up it’s time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet exactly the same amount, for example 2% of our initial betting bank, every time on our selected horse, however we’d want to increase our wagers as our betting bank grows. This leads to Percentage Staking where a percentage of the current betting bank is wagered every time. This means once we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.
However, intuitively we realize these staking plans to be overly naive once we would be putting exactly the same amount of money on a horse with low odds in comparison to a horse with high odds. Once we are looking to maximise our profits we ought to be putting a more substantial stake on a minimal odds bet because the return will be less.
To obtain the optimal staking plan we’re able to take a correspondence course in statistics and dedicate many years into research. Fortunately we live in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where the optimal percentage of our betting bank is calculated from the chances of the bet and our own estimate of the probability of the horse winning.
Utilizing an online Kelly Strategy Calculator just feed in the values to find the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we have an initial run of high odds horses so we’re able to adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This might result in a slower accumulation of gambling profits but a less hair-raising ride.