Betting Tips And Money Administration In Soccer Betting
Soccer consultants provide you with betting ideas, the media publishes the latest news in regards to the opponent teams and their key players, bookmakers support hundreds of betting methods. Nevertheless, when you lastly place your huge wager on a certain favorite, this is the time to start praying. Unfortunately, the world of soccer betting is quite unpredictable. There are literally thousands of factors enjoying towards us. How can we lower our betting losses? The only way to do it is by utilizing money administration strategies. This article summarizes the methods and strategies of betting money administration and provides a statistical comparison of their performance based mostly on betting odds and match outcomes of top European leagues.
The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the primary two don't require any prior data, Kelly criterion requires the punter to know the probability of a win.
Definitions
Earlier than presenting the performance evaluation, a short description of the above-talked about strategies is critical:
-- Martingale strategy means doubling the stack after a loss and returning back to the starting stack after a win. This strategy is the preferred at present and promises positive profits, however requires intensive money investments.
-- Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates every stake in a way that will enable him to make the deliberate profit. In case he loses, he ought to increase the following stack in such a way the profit will return each the cash already misplaced and the planned profits for the lost games. This strategy is less aggressive than Martingale but still dangerous.
-- Kelly criterion: mathematically proven to be the very best strategy in the lengthy run. Nevertheless, it requires knowing the probability of a win. The stacks are calculated in proportion of the scale of your funds and in keeping with the relation between the probability of a win and the betting odds. When probability and odds are high, a high stack will be positioned and vice versa.
Data and Methods
As a way to consider the efficiency of every strategy, we analyzed the betting odds set by bookmakers for the top European leagues. Imagine that bookmakers are punters who place a stake on a favorite with minimal betting odds. One can simply estimate the probability of a win by dividing the common number of dwelling/draw/away outcomes by the total number of games in a season.
The betting odds and outcomes are taken from the four European top leagues playing in the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.
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The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the primary two don't require any prior data, Kelly criterion requires the punter to know the probability of a win.
Definitions
Earlier than presenting the performance evaluation, a short description of the above-talked about strategies is critical:
-- Martingale strategy means doubling the stack after a loss and returning back to the starting stack after a win. This strategy is the preferred at present and promises positive profits, however requires intensive money investments.
-- Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates every stake in a way that will enable him to make the deliberate profit. In case he loses, he ought to increase the following stack in such a way the profit will return each the cash already misplaced and the planned profits for the lost games. This strategy is less aggressive than Martingale but still dangerous.
-- Kelly criterion: mathematically proven to be the very best strategy in the lengthy run. Nevertheless, it requires knowing the probability of a win. The stacks are calculated in proportion of the scale of your funds and in keeping with the relation between the probability of a win and the betting odds. When probability and odds are high, a high stack will be positioned and vice versa.
Data and Methods
As a way to consider the efficiency of every strategy, we analyzed the betting odds set by bookmakers for the top European leagues. Imagine that bookmakers are punters who place a stake on a favorite with minimal betting odds. One can simply estimate the probability of a win by dividing the common number of dwelling/draw/away outcomes by the total number of games in a season.
The betting odds and outcomes are taken from the four European top leagues playing in the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.
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