There are mainly two system of money management on football betting techniques. Their detailed information are as follows:
1.) Martingale: Design of this system was originally meant for the casinos. Later, professional punters started using it in football betting. You are able to control your stakes with the help of Martingale system. Even, if you are a terrible bettor with this system, you may still win money.The other name for this system is ‘Double Up’. It is a more common term with punters. According to this system, you double up your stakes for the next bet, if you happen to lose the first bet. On the other hand, if you win a bet, the stake for your next bet will be the same as your starting stake.
In other words, there is surety of profit. This example may help you understand the system better. If you have game odds as 2.0 for a home team victory and you placed a bet of £ 25 and unfortunately, you lose. Remember, the next time you need to place a bet of £50 on the game, and if you lose again bet for £100 on the game with 2.0 odds. If you happen to win the bet, your total stake will be 25+50+100 = £175 and you also win an additional £25 for the efforts.To follow this system, you need to have plenty of funds and there is no requirement for any maximum betting limit. Since Martingale involves heavy levels of progression, it is not for the average types of punters.
2.) Kelly Criteria: System such as Martingale uses high progression levels to make up for the losses of punters. In Kelly Criteria, the progression level increases with the winning rate and decreases with the losing rate. Next, depending on your funds, the percentage of stakes is decided. In this system, there are fewer chances of you going bankrupt. All you need is to have all the probabilities on your side, when using this system on football betting. In Kelly Criteria, you may bet even or better odds than the bookmakers.
For instance, if you think that the home team has 50% or more chances of winning, you need to bet on the home team, who has odds of 2.0. You earn money with this system by having a small advantage on each game you choose. You need to take care about your predictions and do not overestimate your betting amount, as this may lead to losses.
The best advantage of this football betting system is you lose less money, when you have low funds. The reason is the next stake will depend on the percentage of your present fund size. In other words, your stakes are also low, when your fund size is low. This system is not meant to make account bulky rapidly, because Kelly is such a system, where you not only bet for winning, but also get the satisfaction of true betting.
About Eric Y Smith
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