Betting Ideas and Money Administration in Soccer Betting

Soccer experts give you betting tips, the media publishes the latest news about the opponent teams and their key players, bookmakers support hundreds of betting methods. Nonetheless, whenever you finally place your large wager on a certain favorite, this is the time to begin praying. Unfortunately, the world of soccer betting is sort of unpredictable. There are millions of factors taking part in towards us. How can we reduce our betting losses? The only solution to do it is by using cash management strategies. This article summarizes the strategies and strategies of betting cash management and offers a statistical comparability of their performance based on betting odds and match results of high European leagues.

The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the first two don't require any prior data, Kelly criterion requires the punter to know the likelihood of a win.

Definitions

Earlier than presenting the performance evaluation, a short description of the above-mentioned strategies is necessary:

-- Martingale strategy means doubling the stack after a loss and returning back to the starting stack after a win. This strategy is the most well-liked right this moment and guarantees optimistic profits, but requires intensive money investments.

-- Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates each stake in a manner that will allow him to make the planned profit. In case he loses, he should enhance the following stack in such a means the revenue will return each the cash already lost and the planned income for the lost games. This strategy is less aggressive than Martingale but nonetheless dangerous.

-- Kelly criterion: mathematically proven to be the very best strategy in the lengthy run. Nonetheless, it requires knowing the probability of a win. The stacks are calculated in proportion of the dimensions of your funds and in response to the relation between the probability of a win and the betting odds. When likelihood and odds are high, a high stack will be positioned and vice versa.

Data and Methods

With a view to evaluate the efficiency of each strategy, we analyzed the prediksi Togel sidney betting odds set by bookmakers for the highest European leagues. Imagine that bookmakers are punters who place a stake on a favorite with minimal betting odds. One can simply estimate the likelihood of a win by dividing the typical number of house/draw/away outcomes by the total number of games in a season.

The betting odds and outcomes are taken from the 4 European high leagues enjoying within the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.

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