The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is that in most 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 initial, Bet Selection, is obvious – we need to back winners at least some of the time. Consider Horse Racing, anecdotally there are lots of professional punters who earn a comfortable living from picking horses, but the key word here’s professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. In order to be successful then it is a full time job! In most of us this means we need to utilize 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 Internet charging up to ï¿½100 per month. When choosing a horse racing tipster the most crucial factor we must consider is long term results.
The Internet is awash with tipsters who’ve had one good month but go on to create a loss for another 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. Select a tipster who publishes all their horse racing tips history, ideally where in fact the results of the tips are published the next day along with a complete history of most their tips.
Have a look at a Tipster Proofing site such as Racing-Index who grades the outcomes for a number of tipsters. Consider which tipster offers you gave 토토사이트 for the money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?
Following tipsters alone isn’t 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 solution is to develop our own system using tips from expert sources combined with our own research. This is actually the strategy successfully used in greyhound racing by followers of the website. As with most things; the more you placed into your system the more you will get out.
After we have a betting strategy in place it’s time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 2% of our initial betting bank, each and every time on our selected horse, however we’d desire to increase our wagers as our betting bank grows. This results in Percentage Staking where a percentage of the existing betting bank is wagered each and every time. This means as we win our stakes are larger and conversely the stakes shrink once the betting bank decreases.
However, intuitively we know these staking plans to be overly naive as we would be putting exactly the same sum 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 larger stake on a minimal odds bet as the return will be less.
To get the optimal staking plan we could have a correspondence course in statistics and dedicate many years into research. Fortunately we reside in age where this research reaches our fingertips. From probability theory we have the Kelly Strategy where in fact the optimal percentage of our betting bank is calculated from the odds 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 achieve 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 a short run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would create a slower accumulation of gambling profits but a less hair-raising ride.