Learning about the fundamentals of the football betting world and then the nuances of how to thrive in the market is all well and good, but if players don’t have a system for managing their money then they’re in trouble. Although it’s tempting to simply stake a random amount on a match based on emotion or “gut feeling”, the real winners in the game often have strategy for how much they’re going to risk on a particular game. Often based on a variety of factors, these football betting systems give punters the ability to make the most money possible when conditions are in their favour and limit the loss when they aren’t. In fact, using a football betting system is what separates the big winners from breakeven grinders in the virtual realm. Although some systems have proven to be less than useful in practice, others do have some real world value and in this article we’ve outlined the main betting systems as well as their relative strengths and weakness.
the most famous betting system
Probably the most famous betting system that works well in theory but falters in reality is the Martingale System. Although commonly applied to casino games such as blackjack, this system can be use on any straight wager where players receive even money on their investment. In the football betting world it’s possible to use this system when having a string of 1/1 (even money) bets on offer. For example, a player may find 20 even money shots in a single month across Europe. Thanks to the timing of each game it’s possible to ante-up on ten of these in a sequence , so a player decides to use the Martingale System to guide its bet amounts. In a nutshell, the Martingale system requires players to double their previous bet for every losing bet they make. For example, if someone bets on match number one was £5 and it lost, then he or she would have to stake £10 on match number two. This sequence continues until he or she wins a match; at which point a player would realise a one profit unit (this is equal to the size of a players opening bet) and then begin the betting sequence again. Essentially, the Martingale System forces players to double their wagers each time they lose with the aim that when he or she eventually wins he or she’ll be shown a profit. While this seems like a sure-fire way to win, the main problem is that is requires an extremely large bankroll.
Another system that’s similar to Martingale but has a little more success in reality is the Labouchere System. Based on mathematical principles, this system can also be used for even money bets in the football betting area. To put this system into action, players first need to decide how many units they want to win. For example, if a player wants to make a £50 profit, the player would then need to break this down into units (for example, £5). Once he or she has defined how much he or she would like to win, the player then needs to note this down in a linear form: 1 1 1 1 1 1 1 1 1 1 (ten total units of £5 equates to £50 in profit). Using this line of numbers, the player then takes the far left number and the far right number and add them together to form the amount he or she needs to bet on a single match. If this bet wins then people cross-off both numbers. However, if people lose then they place the sum of the two numbers on the right-hand side of the number line.
The final betting system
The final betting system that’s worth looking at is the Kelly Criterion. Used by professional punters around the world, this system has shown itself to be the most effective and most efficient system for football bettors. In fact, in comparison to the other methods listed in this article, the Kelly Criterion is by far the most useful for gamblers of all persuasions. Essentially, the Kelly Criterion is a money management betting system that sets out the perfect bet size based on the value offered. Essentially, money management is all about optimising the potential for winning at the expense of excess risk and the Kelly Criterion aims to find the optimum amount of a bankroll a player should wager on a bet in order to meet these conditions. The basic Kelly Criterion formula runs as follows: (bankroll) BR% = (PB) – 1 / odds – 1, where we let P be the probability of us winning (in decimal format), B the odds offered and BR% is the percent of the bankroll we should stake according to the Kelly Criterion. After applying this formula to a players data he or she gets a positive number for BR% that shows him or her how much of your bankroll to wager. If the number is negative, it simply means: Don’t bet. For example, if we are offered 1.91 (10/11 in fractional odds) that Arsenal will beat Tottenham and a player estimates that Arsenal has a 55% chance of winning, then the Kelly Criterion would suggest the following: BR% = (0.551.91) – 1 / (1.91 – 1). Plugging these numbers into the formula suggests that it’s optimal to bet 5.5495% of the players bankroll on this bet. Although players can run into problems using this system if their ability to estimate a team’s chances of winning are off, the system is almost bulletproof in terms of its theory and application in the football betting world and one players should use if they want to win more and lose less.