How to beat the bookies
Betting on sports at the Betwinner casino is currently one of the most popular forms of gambling in the world. But betting on sports has in recent years been considered more a form of entertainment than a form of gambling. That may be the reason why it has come to be so popular all over the world.
Millions of people from all over the world place multi-billion dollar bets every day, and it’s no wonder that the sports betting industry has become one of the biggest and strongest entertainment or gambling industries in the world.
It has always been part of human nature to try to find the easiest way to do things. Because of this, it is no wonder that so many people have tried to come up with special strategies that can help them beat the bookies and win significant amounts of money. Some of these strategies have proven to be successful to a certain extent while some others have proven to be completely useless.
In this text we will give you information about some of the most famous betting strategies that people have come up with over the years, as well as information or rather tips on how to beat the bookies in their own games.
The betting system
One of the most common problems when it comes to sports betting is understanding the specifics of the sports you plan to bet on as well as understanding all the deals the sports games offer. Apart from this, it is very important that all people who are about to place their first bet on a certain sporting event to have a system to manage their money to at least be organized. Otherwise, your betting strategies or systems will collapse quite immediately and you will lose control of your gaming experience.
While it can be very tempting to just put certain amounts on the line without thinking about it and just see what happens, many call this method of gambling a path that leads to disaster. Many players who have proven to be successful have said that having the right betting system is crucial to being successful in betting. Because of this, betting systems have become known as something that offers players the opportunity to win as much as possible when the conditions are in their favor while minimizing the number of losses when the conditions are not in their favor.
Over the years it has been found that many betting systems have little or no value when it comes to betting on sports. But other betting systems have proven to have at least some value in the real world and in the next part of this text we will discuss some of the world’s most popular betting systems.
The Kelly Criterion
One of the world’s most popular betting systems, and more importantly, one of the most successful betting systems in the world is the so-called The Kelly Criterion. This betting system has proven to be successful for players from all over the world, especially when it comes to betting on football matches.
If you compare the Kelly Criterion with the Martingale or Labouchere betting systems, it should be said that the Kelly Criterion is clearly the most efficient and most successful betting system.
In essence, you can say that the Kelly Criterion is a system for managing money when placing bets. This betting system determines the ideal amount to bet for on a particular game based on the value that has been offered.
When managing money, the most important issue is to optimize the profit opportunities with some conscious risk. The Kelly Criterion’s main task is to find the right amount that you should bet for on a certain match in order to fulfill the aforementioned conditions.
The entire Kelly Crtierion betting system is based on the following formula: BR% = (P*B) – 1 / odds – 1. In this formula, P corresponds to the probability of the player winning and it is expressed in decimal form while B corresponds to the odds offered by the game and BR% is the percentage of the balance that the player should play on a particular match.
Once you use the formula with the information you have available, you will come up with the amount you should use to play for. Sometimes it is possible that the number you get is negative and this means that you should refrain from placing the bet.
In theory, this system is completely flawless. But we know that things that work in theory don’t always work in reality. This betting system depends largely on the player’s ability to estimate the chances of a particular team winning.
Because of this, it is also important to have an analytical ability when using this betting strategy.