Online Gambling Agent 3

The search for profit does not end once you have found the most effective football betting tips. There is still a great deal to be done to make certain consistent profit. Money management is just as important as using the correct football betting tips.

However within the rush to get their cash on, most individuals overlook this important area of football betting. So what is money management? Let's look at it in simple terms: You are betting on two football matches. You realize that you may produce a profit 80% of the time and the other has a 50-50 chance of winning. You would want to put more money on the match having an 80% chance of profit wouldn't you? That is money management.

It's basically managing your money to cope with risk. So logic says that on the risky bets, you should risk less money as well as on the bets which are stronger, you will need to stake more information income. This may seem like common sense to you, but it really is often overlooked.

Now the next question is: How do we calculate how much to put on a team? The most usual method is to use the same amount (level stake) on each selection. Even though this can function in the long haul, within the short term you will need to watch out for long sequences of losers from the bigger priced football tips. Four or five losers in a row can quickly deplete your bank. Therefore it may be better to look for another approach.

Another approach suggested by many is the Kelly Criterion. On the other hand, Kelly requires you to understand the probability of a win. The bet size is then determined by first converting the price on offer in to a probability. You then have to estimate the probability of your bet winning. The real difference between the sports book's price probability as well as your probability must be positive. If it's negative, you should drop this football tip like a ton of bricks and move on to the next match. The size of the bet is then calculated using this difference in probability. A larger difference would suggest a larger investment and also a small difference would suggest a small investment.

Now when you can imagine, an average person can't estimate the probability of his football prediction winning. So this method is of little use to him. Yes, the mathematicians' and professionals rave about this formula, and do not get me wrong, it's great in theory - but it fails in practice. If fails for at least for 90% of the individuals who attempt to use it, and I'm guessing that's you and me included.

Instead I prefer to use a normal price available. Sports Books have studied the matches detailed and it's not often that they get the prices wrong. So why not use this to our advantage? This makes our foes greatest strength their weakness. Yes, I realize that upsets happen, but if you look at sports book prices over a long period, you shall find that should they quote a result at even money, that result will occur very close to 50% of the time.

So by utilizing this as the true probability of the result we can accurately calculate how much to invest on each football tip.