The goal for sports punters would be to earn a profit whilst enjoying our favourite sport. The sad truth is that for the majority of gamblers, that is an elusive dream. However by developing and carefully following a stratagem anyone could make this dream a reality.
There are two factors to consider to profit from sports gambling:
The first, Bet Selection, is obvious – we must back winners at least a number of the time. Let’s consider Horse Racing, anecdotally there are lots of professional punters who earn a cushty living from picking horses, however the key word here’s professional. Research and analysis of every horse in the 59 racecourses over the UK takes a sizeable amount of time and experience. To be able to be successful then it is a full time job! For the majority of us this means we need to utilize the advice of experts to do 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 selecting a horse racing tipster the most crucial factor we need 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’ll only see that one month on their home page! Never follow any tips without first checking the tipster’s full result history. Choose a tipster who publishes all their horse racing tips history, ideally where the results of the tips are published the next day along with a complete history of all their tips.
Take a look at a Tipster Proofing site such as for example Racing-Index who grades the results for a number of tipsters. Consider which tipster offers you gave 토토사이트 for the money and fits with your own betting profile – is it possible to actually place the hundreds of tips each month some tipsters require?
Following tipsters alone isn’t 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 can be a strategy successfully used in greyhound racing by followers of the website. As with most things; the more you put into your system the more you’ll get out.
Once 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 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 leads to Percentage Staking where a percentage of the existing betting bank is wagered each time. This means once 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 once we would be putting the same sum 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 more substantial stake on a minimal odds bet as the return will be less.
To get 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’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 get the percentage of the betting bank to put on each horse. Now the Kelly Strategy can provide us some scary percentage stakes if we have a short 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 create a slower accumulation of gambling profits but a less hair-raising ride.