Why Did The Football Coach Go To The Bank Football Betting Tips – Money Management

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Football Betting Tips – Money Management

The search for profit does not end after finding the best soccer betting tips. There is still a lot of work to be done to ensure consistent profits. Money management is as important as using soccer betting tips.

However, in the rush to make money, most people overlook this important aspect of soccer betting. So what is money management? Let’s look at it in simple terms: You bet on two football matches. You know one has an 80% chance of winning and the other has a 50-50 chance of winning. You want to bet more money on a game with an 80% chance of winning, don’t you? This is money management.

It’s basically managing your money to deal with risk. So logic says that you should risk less money on risky bets and you should win more money on stronger bets. This may be common sense to you, but it is often overlooked.

Now the next question is: How do we calculate how much money to invest in a team? The most common method is to use the same amount (level share) in each selection. While this may work in the long run, in the short term you have to maintain a long losing streak from expensive football tips. Four or five losers in a row can drain your bank very quickly. Therefore, it is better to look for another way.

Another approach proposed by many is the Kelly Criterion. However, Kelly requires you to know the odds of winning. The size of the bet is then determined by first converting the bid price into odds. Then you need to calculate the probability of winning your bet. The difference between the odds of the sportsbook price and your odds must be positive. If it’s negative, you should drop that football tip like a ton of bricks and move on to another game. The bet size is then calculated using this difference in odds. A larger difference suggests a larger investment and a smaller difference suggests a smaller investment.

Now as you can imagine, the average person cannot calculate the probability of winning their football prediction. Therefore, this method is of little use to him. Yes, mathematicians and experts rave about this formula, and don’t get me wrong, it’s great in theory, but it fails in practice. If at least it fails for 90% of the people who try to use it, and I’m guessing that includes you and me.

Instead, I prefer to use the average available price. Sportsbooks study the matches in depth and often they get the prices wrong. So why not use this to our advantage? This makes our enemies their weakest strength. Yes, I know upsets happen, but if you look at sportsbook prices over a long period of time, you’ll see that if they quote the outcome at money, that outcome happens about 50% of the time.

So using this as the actual probability of the outcome we can calculate exactly how much to spend on each tip of the football.

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