How to Profit From Sports Gambling

The goal for sports punters would be to earn a profit whilst enjoying our favourite sport. The sad facts are that for the majority of gamblers, this is an elusive dream. However by developing and carefully following a stratagem anyone could make this dream a reality.

There are two things to consider to profit from sports gambling:

Bet Selection
Staking Plan
Bet Selection

The first, Bet Selection, is obvious – we need to back winners at least a number of the time. Consider Horse Racing, anecdotally there are several 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 across the UK takes a sizeable amount of time and experience. In order to be successful then it’s a full time job! For the majority of us this means we must use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

UK horse racing does not have any end of self-proclaimed “experts” online charging up to �100 monthly. 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 then 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. Choose a tipster who publishes all their horse racing tips history, ideally where the results 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 several 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 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 answer is to develop our own system using tips from expert sources coupled with our own research. This is the strategy successfully used 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.

Staking Plan

After we have a betting strategy set up it is 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, every time on our selected horse, however we would want to increase our wagers as our betting bank grows. This leads to Percentage Staking in which a percentage of the existing betting bank is wagered every time. This means once 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 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 maximise our profits we should be putting a more substantial stake on a low odds bet because the return will be less.

To obtain the optimal staking plan we could have 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 have the Kelly Strategy where in fact 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 obtain 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 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 by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

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