How to Profit From Sports Gambling

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 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 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 earn a comfortable living from picking horses, but the key word here is 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 have to use the advice of experts to do some of the legwork for us.

Horse Racing Tipsters

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

The Internet 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 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 along with a complete history of all their tips.

Take a look at a Tipster Proofing site such as Racing-Index who grades the results for a number of tipsters. Consider which tipster gives you gave for money and fits with your own betting profile – can you actually place the 100s of tips each month some tipsters require?

Following tipsters alone is not likely to earn us riches – the 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. This is the strategy successfully used in greyhound racing by followers of the site. As with most things; the more you put into your system the more you will get out.

Staking Plan

Once we have a betting strategy in place 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 leads to Percentage Staking where a percentage of the current betting bank is wagered each time. This means as we win our stakes are larger and conversely the stakes shrink when the betting bank decreases.

However, intuitively we know 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 should be putting a larger stake on a low odds bet as the return will be less.

To find the optimal staking plan we could take a correspondence course in statistics and dedicate several years into research. Fortunately we live 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 own estimate of the probability of the horse winning.

Using an online Kelly Strategy Calculator just feed in the values to get the percentage 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 by the Kelly Strategy. This would result in a slower accumulation of gambling profits but a less hair-raising ride.

The most important sports gambling advice to heed is only bet with funds you can afford to lose. Always gamble responsibly – if you feel you need help and advice with problem gambling visit http://www.gambleaware.co.uk.

How To Make Easy Money Betting on Soccer and Other Sports Online

There is no limit to how much money you can make in online Sports Betting. Just how successful you become will depend entirely on your own little efforts.

OK! You may be one those people who loses lots of money regularly on sports betting. I’ve been there many times and from my experience it hurts so much to lose money. After many trials and errors, I stumbled upon the Key to successful betting. Am about to reveal to you this lucrative online business as the easiest and cheapest investment ever on the internet.

Sports Betting

For those just starting out. Sports betting is all about betting against bookmakers. It is quite different from betting against other people the way most people do. It is also different from pools betting. Bookmakers are betting companies that provide the platform for betting activities. They also provide the prices and expected winnings on each football match.

All you need to do is to determine the outcome of a particular match or a series of matches. You don’t need to predict the exact score line. Though there are bets where you can predict the exact score line. The price per match will be determined by how hard or difficult it is. The easier the match, the lesser the potential returns. The harder the match, the higher the potential returns.

Let use soccer (football) for illustration:

Assuming TEAM-A on top of the league table wants to play TEAM-B who are at the bottom and out of form at home, we all know there is a very high likelihood that TEAM-A would win if in good form plus all the advantages to their side. The money you are expected to win if you bet TEAM-A will beat TEAM-B will be very small in fact.

On the other hand, if you say TEAM-B will beat TEAM-A, then the expected monetary returns would be high. It will be high as well if you say it will end in a draw.

Okay. Let’s move on.

Predicting that TEAM-B, the under-dog will beat TEAM-A, the odds could be 4/1. That means that if you bet with $1 you will win $4 plus your initial $1 which makes your total earnings $5. I’ve used US dollars above as an example. Most bookies operate in Pound Sterling, dollars and Euro. So if you want to bet on it, what would you do? Start analyzing and seeing possibilities.TEAM-A to win at 2/7 simply means to win $2 you have to play with $7. You need to ask yourself is it worth risking $7 to win $2? Or will you back the weaker TEAM-B to win at 4/1? You only need to put in $1 to win an extra $4. But will TEAM-B beat the stronger TEAM-A at home? The greater the risk the greater the potential returns, the lesser the risk the lesser the potential returns. That is where your football mind and knowledge is needed.

Let’s Understand Prices/Odds more using real soccer teams for example.

Take a look at this match in the fixture and price. Lets say Chelsea F.C. to beat Manchester City at home is priced at 2/5. That is you bet with $5 to win $2. That is a total expected returns of $7.

(Always remember that the figure at the end is what you stake with and the one in front is what you will win)

The match is 11/4 for a draw and 6/1 for an away win for Manchester City. It means 1/1. You play with $1; you win an additional $1. You play with $100 you win an additional $100.

Other Kinds of Odds…

Not all odds are written in fractions. As in not written like 3/1, 1/5, 4/9 and so on. Some odds are written in decimals like 1.35, 2.42 etc. If you see 2.42, it simply means if you bet with one dollar, you will earn return of 2.42 dollars. Whatever figure is shown, it means that it is what will be returned if you place $1. So you can calculate your expected earnings according to what you want to bet on.

There are also the American Odds presented in form -110,+220,etc. The Decimal odds seem to be by far the easiest to calculate. The bookies (bookmakers) can determine what kind of odds they will be using. Actually some bookmakers allow you to choose the odd type that suits you. Whatever Odd you use the result is the Same. However, chose only Odd type you are comfortable with.

Bet Types

There are many types of bet provided by Sport books to suit your needs. The basic bet types are the 1X2 (three outcomes, Home Draw Away), the 12 (only two outcomes, Win or lose), the 1X, 2X (Win or Draw), Not Draw. Other extended betting types are Number of goals, Half/Full Time result, Odd/Even number of goals, Asian Handicap, Live or in-play betting option, exact score line, etc. While sports like boxing, tennis, etc have fewer basic betting options, soccer has the most betting option.

It’s very easy alright making unlimited cash betting on sports online. Now you are thinking: if it were so easy how come people lose money at all? Answer! Is most of the time you do guess-work; try-your-luck, inadequate or no information, etc.

But that’s no good business or investment doing guess-work. You know what it is? It’s called gambling. An investment mind-set is a vital ingredient to make money in Sports betting backed by good knowledge.To be successful punter making tons of dollars on sports betting you need reliable, tested and proven information, systems and strategies to guarantee profits and high returns.

Why you need reliable information.

Ever seen even the strongest teams on top of a league lose to under-dogs at the bottom of league table? Causing bettors to lose lots of money? Why for instance should a team like?Manchester United lose to black even when they have over 90% chance of winning? It hurts a lot lose this kind of bet.Yeah it happens. 99% of all soccer punters (bettors) THINK they know who will win the game and which team will go over or under the total and end losing almost all their bets and a lot of money, which leaves 1%. Those 1% are professionals that make a living betting on soccer and other sports.

Why? It’s because there some secrets in Sports betting that can only be unlocked with the right kind of information that gives knowledge. This is not knowledge of how the games is played but knowledge of how to make money betting on games played.

Knowledge is power in a general sense is but in sports betting the knowledge is money.

Yes, you need a system that works most times to become an investor making lot of money on sports betting. Sports betting should be seen as an investment, that way you make money most of the time. Though fun in sports betting cannot be left out for those who have passion for the games, the passion can be converted into lots of cash using proven betting systems and strategy. Football (soccer) has most systems and strategies because it offers more betting options than any other sports.

How to Make the Money.

One way, is to do it yourself by applying proven systems and strategies. Another is to get others to work for you through professional Tips service. However there are free and paid professional Tips service to give you betting clues and predictions.

The SECRET of this lucrative online business is information. With the right information you are sure to become super RICH from this easiest and cheapest investment online anyone from 18 years old can make. That is the legal age for gambling in most countries that regulate top Rated Sport books or Bookmakers. Some reputable sports books require IDs to confirm the age compliance among other things.

GAMBLE RESPONSIBLY. BET ONLY THE MONEY YOU CAN AFFORD TO LOSE!

Contact: [email protected]

The Advantages of Online Sports Betting

Just one short decade ago, it was virtually impossible to engage in legal sports betting if you live in the United States or in Canada. Both countries prohibit betting on almost all organized sports, in any form at all. The exceptions have always been parimutuel betting, which is only applied to two or three different sports (among them dog and horse racing).

Outside of those sports, the only legal bets one could place on sports in North America had to be made in the state of Nevada. For whatever reason, sports betting seemed like a reasonable thing to do deep in the desert, but nowhere else.

The coming of age of the Internet has changed the face of sports betting forever. First of all, it has opened up whole new opportunities for those interested in making legal wagers on their favourite teams or events. No longer does a person have to wait to make a trip to Las Vegas in order to place a bet on the Final Four during March Madness. Instead, those bets can be placed with a Vegas bookmaker online, from the comfort of one’s own home.

And Vegas is not the only town in on the online sports betting action. All over the world, major bookmakers have opened online sites for those wishing to place a wager. This means that you can place a bet on virtually any sport in the world, from American football to lacrosse, in any league you want be it amateur or professional.

Of course, the governments of some nations (America in particular) are concerned with the prevalence of online sports gambling, so there are some sites which will not take bets from American customers. However, there are plenty that will, at least until the legality of the practice is determined by the governing bodies of the nation.

In the meantime, though, sports betting online means that there is more money floating around than ever before, all thanks to ease of access.

Aside from the many options offered by the number of bookies online alone, those wishing to engage in football betting, basketball betting, or placing bets on any other type of sport can also take advantage of alternate betting opportunities. Traditionally, sports bets have had to be made through a bookmaker. This business sets the odds and takes a cut of the action as well. The rise of the online betting exchange, however, has meant that bettors can make or take their own odds, often increasing the value of their bets. There are also opportunities to bet against a team or individual in a sports betting exchange, rather than just on a team to win.

Finally, online access means that people betting on sports have more information at their fingertips which can help them decide which bets to make. Sports information lines have up to the minute records of teams, statistics, rosters, and odds which can all factor into the responsible gambler’s bet day decisions.

The growth of the Internet has revolutionized many different industries, and sports betting is certainly among them. More information and a lot more options are two of the main strengths of online sports betting.