The goal for sports punters is to earn a profit whilst enjoying our favourite sport. The sad facts are that in most of gamblers, that is an elusive dream. However by developing and carefully following a stratagem anyone can make this dream a reality.

There are two factors to consider to profit from sports gambling:

Bet Selection
Staking Plan
Bet Selection

The initial, Bet Selection, is obvious – we must back winners at least a few of the time. Consider Horse Racing, anecdotally there are various professional punters who earn a cushty living from picking horses, but the key word here’s professional. Research and analysis of each horse in the 59 racecourses across the UK takes a sizeable amount of time and experience. If you want to be successful then it’s a full time job! For the majority of us this means we must use the advice of experts to do some of the legwork for all of us.

Horse Racing Tipsters

UK horse racing has no end of self-proclaimed “experts” on the Internet charging up to �100 monthly. When selecting a horse racing tipster the main factor we need to consider is long term results.

THE WEB is awash with tipsters who have had one good month but then go on to post a loss for another six – but you’ll only see that one month on their home page! Never follow any tips without first checking the tipster’s full result history. Select a tipster who publishes all their horse racing tips history, ideally where in fact the outcomes of the tips are published the next day plus a complete history of all their tips.

Have a look at a Tipster Proofing site such as for example Racing-Index who grades the results for several tipsters. Consider which tipster offers you gave 토토사이트 for the money and fits with your own betting profile – is it possible to actually place the hundreds of tips each month some tipsters require?

Following tipsters alone isn’t likely to earn us riches – the very best tipsters are locked out for new members or charge such high rates that any profits are lost immediately. The solution is to develop our own system using tips from expert sources combined with our own research. It is the strategy successfully found in greyhound racing by followers of the website. As with most things; the more you put into your system the more you’ll get out.

Staking Plan

After we have a betting strategy set up it is time to look at a staking plan. The simplest is Fixed or Level Stakes where we simply bet the same amount, for instance 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 results in Percentage Staking where a percentage of the existing betting bank is wagered every time. This means once we win our stakes are larger and conversely the stakes shrink once the betting bank decreases.

However, intuitively we realize these staking plans to be overly naive as we would be putting the same amount of money on a horse with low odds compared to a horse with high odds. As we are looking to maximise our profits we have to be putting a larger stake on a minimal odds bet as the return will be less.

To get the optimal staking plan we’re able to take a correspondence course in statistics and dedicate many years into research. Fortunately we live in age where this research reaches our fingertips. From probability theory we have the Kelly Strategy where in fact the optimal percentage of our betting bank is calculated from the chances of the bet and our own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to obtain the percentage of the betting bank to put on each horse. Now the Kelly Strategy can provide us some scary percentage stakes if we’ve a short run of high odds horses so we’re able to adapt it to a Half Kelly Staking Plan where we wager half the percentage advised by the Kelly Strategy. This would create a slower accumulation of gambling profits but a less hair-raising ride.