Safe Online Gambling Knowledge 3598737534

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      rudytheodor72

        The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad truth is the fact that for many gamblers, this really is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

        There are two things to consider to make the most of sports gambling:

        Bet Selection – Staking Plan – Bet Selection

        The first, Bet Selection, is obvious – we need to back winners at least several of the time. Let’s consider Horse Racing, anecdotally there are various professional punters who earn a comfortable living from picking horses, but the key word here is professional. Research and analysis of each horse within the 59 racecourses across the UK takes a sizeable quantity of time and experience. If you want to become successful then it is a full time job! For a large number of us this means we have to use the advice of experts to do some of the legwork for us.

        Horse racing has no end of self-proclaimed “experts” online charging up to Ł100 per 30 days. When choosing a horse racing tipster the most significant factor we need to think about 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 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 all their horse racing tips history, ideally where the end result of the tips are published the next day together 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 excellent soccer – visit my website – a range of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you truly place the 100s of tips each month some tipsters require?

        Following tipsters alone is just not more 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 solution is to develop our very own system using tips from expert sources combined with our very own research. This really is the strategy successfully employed in greyhound racing by followers of the site. As with most things; the better you put into your system the better you can get out.

        Once 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, by way of example 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 portion of the current betting bank is wagered each time. This means since we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

        Conversely, intuitively we know these staking plans to be overly naive even as we could be putting the exact same amount of cash on a horse with low odds compared to a horse with high odds. Even as we are looking to maximise our profits we should be putting a bigger stake on a low odds bet as the return will be less.

        To locate the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we reside in age where this research will be at our fingertips. From probability theory we possess the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

        Using 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 give us some scary percentage stakes if we have an initial run of high odds horses so we could adapt it to a Half Kelly Staking Plan where we wager half the percentage advised through the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

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