Football Betting Tips -- Money Management from Douglas's blog

The search for profit does not end once you have found the best football bets tips. There is still a lot to be done to ensure consistent profit. Money management is just as important as using the right football bets tips.

Employing the rush to get their money on, most people overlook this important factor of football bets. So what is money management? Let's view it essentially: You are bets on two football matches. You know that one will produce a profit 80% of that time period and the other has a 50-50 chance of winning. You would want to put more money on the match with an 80% chance of profit wouldn't you? That is money management.

It is basically managing your money to face risk. So judgement says that on the risky table bets, you should risk less overall and on the table bets that are stronger, you need to pole more money. ทางเข้า ufabet มือถือ This may seem like common sense to you, but it is often overlooked.

Now the next question is: How do we calculate how much to put on a team? The most common method is with the same amount (level stake) on each selection. While this can work in the long run, at any given time you have to take into consideration long sequences of losers from the bigger priced football tips. 4 to 5 losers in a line can quickly deplete your bank. Therefore it may be better to look for a different approach.

Another approach suggested by many is the Kelly Qualifying measure. However, Kelly requires you to know the probability of a win. The bet size is then determined by first changing the price on offer into a probability. You then have to estimate the probability of your bet winning. The difference between the sports book's price probability and your probability has to be positive. If it is negative, you should drop this football tip like a ton of bricks and move about the next match. The size of the bet is then calculated using this difference in probability. A more substantial difference would suggest a more substantial investment and a small difference would suggest a small investment.

Now as you can imagine, the average person can't estimate the probability of his football prediction winning. Which means this method is of little use to him. Yes, the mathematicians' and professionals rave about this formula, , nor get me wrong, it is great theoretically -- but it fails in practice. If fails for at least for 90% of the people who try to use it, and I'm wondering that's all of us included.

Instead I prefer to use the average price available. Sports Books have studied the matches in depth and it's really not often that they get the prices wrong. So just why not make use of this to your advantage? This makes our invaders greatest strength their a weakness. Yes, I know that upsets happen, but if you look at sports book prices over a long period, you will find that if they quote an outcome at even money, that result will occur very close to 50% of that time period.