Good Online Football 1236724559321574

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

You can find two things to consider to cash in on 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 an appropriate living from picking horses, although the key word here is professional. Research and analysis of each horse in the 59 racecourses throughout the UK takes a sizeable amount of time and experience. If you want to become successful then it's a full-time job! For nearly all of us this means we have to use the advice of experts to do several of the legwork for us.

Horse racing has no end of self-proclaimed "experts" on the net charging up to Ł100 every month. When choosing the horse racing tipster the most significant factor we need to think about 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 final 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 end result for a number of tipsters. Consider which tipster gives you 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 prone 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 produce our very own system using tips from expert sources combined with our very own research. This is the strategy successfully utilized in greyhound racing by followers of the site. Like with many things; the better you put into your system the more you could possibly get out.

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

Alternatively, intuitively we know these staking plans to be overly naive once we would be putting the same sum of cash on a horse with low odds when compared with a horse with good odds. As 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 can take a correspondence course in statistics and dedicate several years into research. Fortunately we are living in age where this research is at our fingertips. From probability theory we possess the Kelly Strategy where the optimal percentage of our betting bank is calculated from the odds of the bet and our own estimate of the probability of the horse winning.

Using an quality online casino football Kelly Strategy Calculator just feed within the values to get the portion 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 lead to a slower accumulation of gambling profits but a less hair-raising ride.