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Category archive: Betting System

Money Management in The Betting World

Money management is a very important part of the betting world. In order to advance from a recreational better to a professional one, you need to establish a monthly betting bankroll and learn how to divide it into several bets. The bankroll represents the money that you are left with after you cover your monthly expenses.

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The Kelly Criterion

The Kelly Criterion is a rather simple money management betting system. However, in order to make use of this system, you must be very thorough with your sports analyses so that you can deduce an accurate probability of winning. This system is not recommended for recreational betters.

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The Permutation Betting Systems

In order to use permutation betting systems you need to familiarize yourself with both permutation math and parlay bets. There are a lot of such systems that you can use and they all have a different number of wagers ranging from 7 to 247. It is best if you start with simple systems like the Patent before trying out the more complex ones.

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The Advantages of a Flat Bet

The flat bet system means that you are always using a fix amount of money or a fixed percentage of your monthly income when making bets. If is the safest betting system for beginner as well as experienced betters. The biggest advantage of this system is that it allows you to avoid financial instability.

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Arbitrage betting – Minimum risk investment

Arbitrage betting uses investment betting concepts in order to minimize the risks of a bet. This concept applies to certain favorable situations in which different bookies have different odds for an upcoming game. In order to apply this concept you need to make two bets on two different teams.

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The Martingale Betting System

The Martingale Betting system has been around since the 18th century and it is based on a very simple theory. If you lose when making a bet, you continue to bet on the same team but you double your stakes until you eventually win. This theory is recommended for professional betters who can control their emotions and have a steady bankroll.

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Understanding Parlay Odds

Parlay odds are usually used by beginner betters who want to have fun while also making some money. These sort of bets are a lot riskier than simple bets as it is very hard to research and calculate the odds of victory for multiple teams. In order to increase your chances of winning a parlay bet you should use a sports tip website.

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The Principles of Value Betting

Value betting is one of the fundamental concepts of sports betting. Value is the difference between the odds set by the bookie and the odds estimated by the gambler. In order to apply the principles of value betting in favorable situations you need to arm yourself with a lot of data and statistics.

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