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How to Profit From Sports Gambling

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 carrying out a stratagem anyone can make this dream a reality.

There are two factors to consider to benefit from sports gambling:

Bet Selection
Staking Plan
Bet Selection

The initial, Bet Selection, is obvious – we need to back winners at least a few of the time. Consider Horse Racing, anecdotally there are plenty of professional punters who earn a cushty living from picking horses, but the key word here’s professional. Research and analysis of every horse in the 59 racecourses over the UK takes a sizeable period 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 have to use 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 �100 per month. When selecting a horse racing tipster the most crucial factor we must consider is long term results.

The Internet is awash with tipsters who have had one good month but go on to create 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 almost 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 all their tips.

Take a look at a Tipster Proofing site such as 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 – can you actually place the 100s of tips every month some tipsters require?

Following tipsters alone isn’t likely to earn us riches – the 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 own system using tips from expert sources combined with our own research. This is the strategy successfully found in greyhound racing by followers of the site. As with most things; the more you placed into your system the more you’ll get out.

Staking Plan

After we have a betting strategy in place 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 instance 2% of our initial betting bank, each time on our selected horse, however we would want 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 as we win our stakes are larger and conversely the stakes shrink once 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 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 find the optimal staking plan we’re able to take 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 odds of the bet and our very own estimate of the probability 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 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 might create a slower accumulation of gambling profits but a less hair-raising ride.

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