Most Successful Gambling Tips

The aim of sports gamblers is to earn money while enjoying the sport we love. It is a sad fact that for the majority of gamblers this is an unattainable dream. However , by planning and applying a strategy, any person can turn this dream a reality.

There are two elements to take into consideration when deciding whether to make money from gambling on sports:

  • Bet Selection
  • Staking Plan

Bet Selection

The first, Bet Selection, is obvious – we need to back winners, at a minimum, a majority of the times. Let’s take a look at Horse Racing, anecdotally there are many professional gamblers who earn a comfortable living from picking horses, however the primary word here is professional Gala Bingo Analyzing and analyzing each horse on the 59 racecourses across the UK requires a significant amount of time and knowledge. If you want to be successful then it’s a full time job! Most of us this means we need to seek out the help of experts who can do a bit of the work for us.

Horse Racing Tipsters

UK horse racing is not without limit to self-proclaimed “experts” on the Internet that charge as high as PS100 each month. When selecting an expert horse racing tipper, the most crucial thing we should consider is long term results.

The Internet is full of tipsters who have had one good month but then come back to post an unprofitable number of times over the next six months – however, you’ll only see one month on their website! Do not follow any advice without first looking up the complete history of the tipster’s result. Select a tipster who has published the entire horse racing tips background, and in the ideal case, where the results of the tips are published the next day and include a full record of their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grade the results for a variety of tipsters. Look at the tipster you gave for money and fits with your betting preferences Are you able to put the 100 tips each month some tipsters require?

A simple approach to tipsters is not likely to make us rich The most effective tipsters are locked out for the first time members, or they charge such high rates that the profits go to waste immediately. The solution is to develop our own system using information from reputable sources with our own research. This is the method that has been successfully used in greyhound racing by followers of the site. Similar to most things, the more effort you put into your system, the more will be able to get.

Staking Plan

Once we have a betting strategy in place it is time to look at a staking plan. One of the most basic one is Fixed as well as Level Stakes where we simply put the same amount bet like two percent of the initial betting bank, each time on the horse we have chosen, however , we’d want to increase our bets when our betting account increases. This leads to Percentage Staking which is where a certain percentage of the current betting bank is wagered each time. That means that as we win the stakes get bigger while the stakes decrease when the betting bank decreases.

However, intuitively we know the stakes plans are too naive since we’d be putting the exact amount of money on an animal who has low odds, compared to one with a high odds. As we are looking to maximize our winnings, we should put more money into a low odds bet as the returns will be lower.

In order to determine the best stakestaking strategy, we could enroll in a correspondence course in statistics and invest an entire year to research. We live in a time where research like this is at our fingertips. From the theory of probability, we have an idea of the Kelly Strategy where the optimal proportion of our betting bank is calculated from the odds of placing the bet and our own estimate of the odds that the horse will win.

Using one of the online Kelly Strategy Calculator just feed in the values to get how much of your betting bank to put on each horse. The Kelly Strategy can give us some scary percentage stakes if there is a first race of high stakes horses therefore we could change it into an Half Kelly Staking Plan where we wager half the percentage recommended by the Kelly Strategy. This would result in less accumulation of gains, however it would be a less tense riding.

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