Great Online Gambling Agency Knowledge

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

You will find two factors to consider to benefit from sports gambling:

Bet Selection - Staking Plan - Bet Selection

The first, Bet Selection, is obvious - we need to back winners at least some of the time. Let's consider Horse Racing, anecdotally there are many professional punters who are earning a comfortable living from picking horses, although the key word here is professional. Research and analysis of each horse within the 59 racecourses through the UK takes a sizeable amount of time and experience. If you want to be successful then it is a full-time job! For the majority of us it indicates 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" on the web charging up to Ł100 per 30 days. When choosing the horse racing tipster the most important factor we need to consider is long term results.

The net 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 own 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 next day in addition to a complete history of all their tips.

Take a look at a Tipster Proofing site for example Racing-Index who grades the results for a range of tipsters. Consider which tipster provides you with 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 isn't more likely to earn us riches - the most effective tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to create our own system using tips from expert sources combined with our very own research. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you placed into your system the better you are certain to get out.

Once we have a betting strategy in place it really is time for you to look-at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, as an 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 present betting bank is wagered each time. This implies since we win our stakes are larger and conversely the stakes shrink in the event the betting bank decreases.

In contrast, intuitively we know these staking plans to be overly naive even as we would be putting the exact same sum of money on a horse with low odds in comparison to a horse with high odds. Since 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 discover the optimal staking plan we might take a correspondence course in statistics and dedicate several years into research. Fortunately we reside in age where this research is at our fingertips. From probability theory we have the Kelly Strategy where 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.

Using an online gambling (have a peek at this site) Kelly Strategy Calculator just feed within the values to get the number 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.