Wednesday, July 1, 2009

Betting Strategies

Here is a short description of the two betting website strategies and money management
Normal Betting:
You pick a team you believe in, without having the odds in your consideration. You concentrate on current form, missing keyplayers, special conditions and your own impressions.
Value Betting:
When you do Value Betting, you compare the odds from the bookmakers with percentage-estimations. Estimations can be created in many ways, for instance using a computerprogram such as Sortilegus. Playing matches with a high value will in the long run generate a profit.
The formula for valuebet is: Odds x Estimation >100
A result higher than 100 makes a valuebet. E.g. if the result is 115, you will earn a 15 %-profit in the long run.
Money Management:
In Money Management you concentrate on odds and stakes. In some types of Money Management, you increase one or both of these in order to win back what you have lost in the previous bets. A classic example is the Casino-method. There are also other kinds of strategies, e.g. 'Kelly´s Criteria', which is designed to maximize the growth of your bankroll (e.g. a bettingfund) over the long term. The amount depends on odds and estimations. For more specific information about the different strategies, look here.