Quality Soccer 9

The search for profit doesn't end as soon as you have found the top football betting tips. There is still a great deal to be done to ensure consistent profit. Money management is simply as critical as using the proper football betting tips.

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

It is basically managing your money to manage with risk. So logic says that on the risky bets, you should risk less cash and on the bets which are stronger, you need to stake extra money. This may seem like common sense to you, but it really is often overlooked.

Now the next question is: fantastic online gambling site How do we calculate how much to put on a team? The most usual method is to use the exact same amount (level stake) on each selection. Even though this may work within the long run, within the short term it's important 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. Conversely, Kelly requires you to learn the probability of a win. The bet size is then determined by first converting the cost on offer into a probability. You then have to estimate the probability of your bet winning. The main difference between the sports book's price probability and 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 bigger difference would suggest a bigger investment and also a small difference would suggest a small investment.

Now as you would ever guess, the typical 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 concerning this formula, and do not get me wrong, it really is great in theory - but it fails in practice. If fails for at least for 90% of people who try to use it, and I'm guessing that's you and me included.

Instead I want to use a typical price available. Sports Books have studied the matches complete 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 know that upsets happen, but if you look-at sports book prices over a long period, you shall find that whenever 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.