Betting Ideas And Cash Management In Soccer Betting

Soccer specialists provide you with betting tips, the media publishes the latest news concerning the opponent groups and their key players, bookmakers support hundreds of betting methods. However, when you finally place your enormous wager on a sure favorite, this is the time to start praying. Sadly, the world of soccer betting is quite unpredictable. There are thousands of factors playing in opposition to 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 cash management and provides a statistical comparison of their efficiency based on betting odds and match outcomes of top European leagues.

The most common betting cash administration strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the primary do not require any prior info, Kelly criterion requires the punter to know the probability of a win.

Definitions

Before presenting the efficiency analysis, a short description of the above-mentioned 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 this time and promises positive profits, but requires intensive cash investments.

-- Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates each stake in a way that will enable him to make the deliberate profit. In case he loses, he ought to increase the next stack in such a way the profit will return each the money already lost 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. 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 probability and odds are high, a high stack will be positioned and vice versa.

Data and Methods

With a purpose to consider the performance 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 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 top leagues enjoying in the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.

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