Are you one of the millions of sports fans that place wagers on your favorite sporting events? Do you follow the sports pretty closely and if so, you might have a little bit of knowledge on past performance, a hunch on a certain team or even a feeling that a certain match might be a lock.
If you felt like you could be betting on a winner, you could save yourself a lot of time and trouble by following a sports betting system that guarantees you will win 97% of your bets. In fact, a system like this would likely earn you a decent living – if you can follow the instructions and employ a bit of common sense.
Betting on sports success, as opposed to betting on your favorite team is not about predicting outcomes. In fact, betting on any team you like is better than betting on your favorite team. It is relatively simple to follow a system like this and it can be very profitable if you follow the instructions and employ a bit of common sense.
Placing winning bets on the eventual outcome is not that difficult to do. You may not always win, but consistently following a recommended system can pay dividends. If you follow the instructions and employ a bit of common sense, you will be in no danger of losing money on your bets.
One popular betting system uses a mathematically inducing betting formula called the Kelly Criterion. Site your bets on team A. If you lose, you should bet on team B. If you lose, you should bet on team C. If you lose, you should bet on…
The conditions in the Kelly Criterion method are that your stakes be the same on all the selections according to the predicted outcome. The actual chance of each team winning is not taken into account and the results are much more reliable since the stakes are the same.
Since you never actually bet on the team that wins, the stakes automatically increase for you. The system advises you to bet two to three times more on the winning team and the amount by which the stakes are increased will depend on the number of winners versus the number of losers.
Unfortunately, there are downsides to the Kelly Criterion system. Since your stakes are the same on all your bets, you are not increasing your chances of winning or losing any. You are effectively allowing the casino or sports book to take a commission of around 10% on your losing bets. This may not be enough to wipe out your bankroll and stack of chips.
If you are not winning, you should not expect to win any time soon either. There is another strategy you can try, one that is often recommended by many forums and blogs, that is called the Martingale System.
The Martingale System is even simpler to use than the Kelly Criterion and places your bets on the same color winning team before you start. You then double your bet if you lose. If you lose again your next bet will be on the same color again. In this situation you are somewhat safer because the probability of you losing twice in a row is lower.
However this system is even simpler to use, and you can see why this betting strategy is soon becoming the strategy of choice for most online sports betting players. The Martingale System is the basis for many other more complex strategies, including the dilution system, the accumulator system and the Winter Theory, named after the WSOP 2003 Main Event Champion WSOP winter, or MVP, strategy.
The Kelly Criterion, in its simplest form, can be applied to any casino game such as baccarat or roulette. Here the probability of the event happening is established by the number of outcomes remaining after deducting one from the total number of possibilities.
In the case of baccarat, you have twelve options a player can bet on (player 1 to 12 are nine, player 13 to twelve are ten, player 13 to twenty are twenty and so on). The number of possibilities after the first bet is twelve. The number of combinations remaining after the second bet is nine. The number of combinations remaining after the third bet is eight.
The numbers are twelve, nine and eight each have their own payout based on the probability of them occurring. The payout is for those combinations of either eleven or less that have not already occurred.
The number of possibilities after the first bet is twelve. The number of combinations remaining after the second bet is twenty (players one to twelve are nine, players 13 to twenty are ten and so on). The number of possibilities after the third bet is twenty. This is a total of thirty-seven combinations to choose from with forty-seven different combinations of colors. Of course two of the players would have to win to raise the balance to fifty-three.
The payout for the bet on the “Rtp Slot Live Hari Ini” area is seven to one.