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 can make this dream a reality.
There are two factors to consider to benefit from sports gambling:
The first, Bet Selection, is obvious – we must back winners at least a few of the time. Let’s consider Horse Racing, anecdotally there are various professional punters who earn a comfortable living from picking horses, however the key word here’s professional. Research and analysis of every 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 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 net charging up to ï¿½100 per month. When selecting a horse racing tipster the main factor we have to consider is long term results.
The Internet is awash with tipsters who have had one good month but then go on to post a loss for another six – but you’ll only see this one month on their website! 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 outcomes of the tips are published the very next day along with 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 offers you gave 토토사이트 for money and fits with your personal betting profile – is it possible to actually place the hundreds of tips every month some tipsters require?
Following tipsters alone is not 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 the strategy successfully found in greyhound racing by followers of the site. 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 instance 2% of our initial betting bank, each and every time on our selected horse, however we would want to increase our wagers as our betting bank grows. This results in Percentage Staking where a percentage of the current betting bank is wagered each and every 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 once we would be putting the same amount of money on a horse with low odds in comparison to a horse with high odds. As we are looking to increase 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 reside 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 probability of the horse winning.
Utilizing an online Kelly Strategy Calculator just feed in the values to have the percentage of the betting bank to put on each horse. Now the Kelly Strategy can give us some scary percentage stakes if we’ve 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.