The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, this is an elusive dream. However by developing and carefully carrying out a stratagem anyone could make this dream a reality.
There are two things to consider to benefit from sports gambling:
The first, Bet Selection, is obvious – we need to back winners at least a few of the time. Let’s consider Horse Racing, anecdotally there are several professional punters who earn a cushty living from picking horses, however the key word here is professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable period of time and experience. If you want to be successful then it is a full time job! For the majority of us this means we must 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” on the web charging up to ï¿½100 monthly. When choosing a horse racing tipster the main factor we have to consider is long term results.
The Internet is awash with tipsters who’ve had one good month but then go on to create a loss for the next six – but you will only see this one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose 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 along with a complete history of all their tips.
Take a look at a Tipster Proofing site such as Racing-Index who grades the outcomes for several tipsters. Consider which tipster gives you gave 토토사이트 for the 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. Here is the strategy successfully used in greyhound racing by followers of the site. 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 is time to look at a staking plan. The easiest is Fixed or Level Stakes where we simply bet exactly the same amount, for example 2% of our initial betting bank, each time on our selected horse, however we’d desire to increase our wagers as our betting bank grows. This results in Percentage Staking in which a percentage of the existing betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.
However, intuitively we know these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. Once we are looking to increase our profits we have to be putting a larger stake on a minimal odds bet as the return will be less.
To find the optimal staking plan we could have a correspondence course in statistics and dedicate several years into research. Fortunately we live in age where this research reaches our fingertips. From probability theory we’ve 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 likelihood 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 up each horse. Now the Kelly Strategy can provide us some scary percentage stakes if we’ve 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 would result in a slower accumulation of gambling profits but a less hair-raising ride.