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Making Money

30 January 2016, blog andrewchain
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Although it may seem like you are making your money last for longer, what you are actually doing is making it even harder for yourself to break even.  Suddenly you will need to win even more bets in order to retain your bankroll and soon enough you will find yourself chasing the impossible.  Having said that, it is healthy to constantly re-assess your bankroll and your betting percentages.  However, just remember not to decrease the size of your bet.

The other broad money management strategy is a progressive betting system. The best known of these systems is the Kelly Criterion.  Essentially, a progressive system is based on the bet value being offered.  Kelly´s system is a mathematical formula based on the odds of the chosen event multiplied by the probability of winning.  This is often regarded as a more sophisticated method of cricket betting.  Whether it really is more `professional´ or not is open to debate, but systems such as the Kelly Criterion most certainly require a little more thought and more precise calculation than the flat betting alternative.  Whichever system you choose though, the most important money management tip in sports betting is quite simply never to bet beyond your means.


Автор: andrewchain

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