Tag Archives: performance
Online Betting : A Fun-filled Way to Earn Money
Are you an ardent football fan? Do you love to play football? If the answer is yes, then you might be aware of the vast popularity of National Football league. It is one of the most popular activities in which not only the players but even the spectators enjoy from the core of their heart. Besides, being able to witness the splendid game of football, the spectators also get an opportunity to enjoy online betting. During the whole duration of the league, people from various parts of the world remain indulged in playing the Nfl betting.
Have you ever tried Nfl betting? The football league doesnt just provide entertainment to numerous spectators but also provides them the satisfaction to win the bets by placing the odds in favor of your favorite football team. However, before placing the bets, it is a must on your part to consider a variety of factors. If you are not aware on which factors can have an important role in betting, then consider the Nfl betting lines. Some of the best sports analysts, game hosts, online casinos and many more provide the gamers with their nfl lines. These lines help the enthusiasts to place better bets and win huge prize money on their bets. Do you know how these betting lines are placed? These depend on the analysis derived from the record of the football teams from the past game season. These betting lines can be categorized into defensive or offensive line.
While considering the defense line, you might have observed that the analysts propose their prediction on the basis of previous season performance of a particular team. You can quickly browse the web and check the football lines. It will give you an exact idea about how well a particular team had played in the past season against a particular opponent. Sports analysts also provide prediction on the basis of higher and lower rank. Higher ranks are awarded to those who have performed well and have won the games with high scores. On the other hand, lower ranks are awarded to those with bad performance and requiring an improvement in performance. These predictions are provided to spectators to give them a brief idea on which teams are capable of making to the finals. Understanding the Nfl betting lines can help you in placing better bets so that you have an improved chance of winning the bets.
You must understand that betting as well as gambling can be tricky at times. Therefore, it is a must to carefully consider all the points in advance before placing a bet. Football odds and Baseball odds will depend a lot not only on the performance of the team and individual players but also on the location of the game. Some of the best playing teams have a poor track record at specific locations. Therefore, never fail to consider this important factor. A quick browse across the web will lead you to numerous betting lines. Choose the one which you find the most suitable and reliable. To get an insight about the betting lines provider, check out their reviews.
Betting Tips and Money Management in Soccer Betting
Soccer experts provide you with betting tips, the media publishes the latest news about the opponent teams and their key players, bookmakers support hundreds of betting methods
However, when you finally place your huge wager on a sure favorite, this is the time to start praying… Unfortunately, the world of soccer betting is quite unpredictable. There are thousands of factors playing against us. How can we cut our betting losses? The only way to do it is by using money management strategies.
This article summarizes the methods and strategies of betting money management and provides a statistical comparison of their performance based on betting odds and match results of top European leagues.
The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the first two do not require any prior information, Kelly criterion requires the punter to know the probability of a win.
DEFINITIONS
Before presenting the performance analysis, a brief 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 popular today and promises positive 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 way that will allow him to make the planned profit. In case he loses, he should increase the next stack in such a way the profit will return both 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 best strategy in the long run. However, it requires knowing the probability of a win. The stacks are calculated in proportion of the size of your funds and according to the relation between the probability of a win and the betting odds. When probability and odds are high, a high stack will be placed and vice versa.
DATA AND METHODS
In order to evaluate the performance of each 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 easily estimate the probability of a win by dividing the average number of home/draw/away outcomes by the total number of games in a season.
The betting odds and results 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.
SUMMARY
— The results show that Kelly criterion is the best money management strategy of the three with an average profit of +5% compared to +1% (Row) and +1.2% (Martingale).
— The most profitable was the French Ligue 1 with a betting profit of +22% (Kelly), +9% (Row) and +10% (Martingale).
— The least profitable was the English Premier League with a betting loses of -10% (Kelly) ), -9% (Row) and -8% (Martingale).