Casino Gambling Betting

There is no shortage of people who would like to establish a regular income from betting on soccer but one aspect of this recreational activity that many people have difficulty with is understanding soccer betting odds.

Being able to understand soccer betting odds is crucial and can sometimes make the difference between turning a profit and taking a loss. There are several different types of odds used in different parts of the world.

Fractional odds are hugely popular in the United Kingdom especially among the traditional high street bookmaker and followers of the horse racing betting scene. Despite this popularity, there are many novices who struggle to grasp fractional odds.

Decimal odds were for a long time only used in European countries however the birth of the betting exchanges changed all that as decimal odds became the preferred choice for most betting exchange users. Decimal odds are much easier for a newcomer to understand and these days most online bookmakers offer odds in decimal as well as fractional format.

Moneyline odds are favoured by American bookmakers so are not widely used in the United Kingdom or Europe. Moneyline odds offer just two possibilities which are either positive or negative.

Regardless of which type of soccer betting odds you are using there are many free resources which can assist in the conversion of odds. Using these conversion tools can explain just how much money you stand to win or lose from a particular bet by taking into account your stake size and the odds concerned.

When you have developed a better understanding of soccer betting odds you can then concentrate on using these skills alongside your knowledge of soccer to create a source of additional income.

To read more articles relating to soccer please visit English Football Blog for the latest news and comment on the English soccer scene.

The author is an experienced sports journalist and has a keen interest in sports betting, poker and financial trading you can see some of his work at Football Betting System which is a popular soccer betting resource for use on the betting exchanges.

Soccer fans are having double enjoyment with the matches and also through soccer betting. Many fans grow up playing soccer and then supported their favorite clubs through good and bad time and eventually also try betting on soccer games to leverage their knowledge of game. These fans eventually ended up being professional football bettors and they make a very good living out of it.

By being serious in sports betting and treating it like an investment, one would be able to earn as much money as possible. However, to increase your chances of winning, it is good to know some important tips on betting soccer games.

The secret key to be a successful soccer bettor is to analyze all the factors involved in the betting process. This is one of the few tips that punters always missed out. Instead, many would just recommend analyzing the factors affecting the game or principles of the betting systems. However, you should not ignore these advices as well. The process starts from selecting the tournament to the team to placing the specific bet at a specific time. Of course the best ending to the process is to collect your winning.

In order to make it simple for you, you need to know how and where you can bet too. Find the safest and most convenient way for you. Choose either online gambling sites or your local sports bookmaker stations. Compare them and find favorable deals by weighting the risks and advantages of different betting systems. Lastly, your ultimate key in winning bets is to analyze the odds.

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Lawmakers have been thus penned down to make tough new measures to crack down on corruption in sports related betting. Bets are placed on individual player’s performances, the winning team, scores in the game, etc.

Technology aids available

Today you can bet on the Internet, at casinos, through national lottery and also on cell phones. Growth of Internet betting exchanges has made sports more vulnerable to fraud and match fixing. Now betting is done with the help of GPRS technology, which is a more faster and reliable way for account holders to place their bets. Users are charged for the volume of data rather than the time spent using the service. But the police are now resorting to the use of electronic surveillance techniques to track down the alleged racket.

Advantages over other sports

Precisely betting on a football game has been an extremely popular form of winning big money for years, producing far better prize money amounts for relatively low stake money. Today a punt on the football pools or spot the ball for a quid could win you thousands upon thousands. A bet on a horse cannot produce the same odds. This is perhaps a clue to the nature of betting on a football. Complete change in the lifestyle for a stake that he can afford to loose and demand for no work in return is what allures an aspiring punter to football betting. This is the lure for many working class punters, both male and female regardless of their taste for football. Football betting is the most appropriate technique to make money for those who want to skip the hurdles and mushroom their profits without taking any pains.

Thus the lawmakers have called for various sports governing bodies to have a say in the type of bets offered to punters and to make bookmakers set up “audit-trails”, something the new betting exchanges already do, to allow suspicious betting patterns to be traced. Lawmakers have also called for the governing bodies of various sports to devise common standards on who may bet on their sport, types of bets that can be placed on the concerned sport and what the other logistics for placing a bet on their sport should be.

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Soccer experts provide you with betting tips, the media publishes the latest news about the opponent teams and their key players, bookmakers support hundreds of betting methods. However, when you finally place your huge wager on a sure favorite, this is the time to start praying. Unfortunately, the world of soccer betting is quite unpredictable. There are thousands of factors playing against us. How can we cut our betting losses? The only way to do it is by using money management strategies. This article summarizes the methods and strategies of betting money management and provides a statistical comparison of their performance based on betting odds and match results of top European leagues.

The most common betting money management strategies in our days are: Martingale, Row of numbers and Kelly criterion. While the first two do not require any prior information, Kelly criterion requires the punter to know the probability of a win.

Definitions

Before presenting the performance analysis, a brief description of the above-mentioned strategies is necessary:

– Martingale strategy means doubling the stack after a loss and returning back to the starting stack after a win. This strategy is the most popular today and promises positive profits, but requires intensive money investments.

– Row of numbers means planning a series of constant profits. Given betting odds, the punter calculates each stake in a way that will allow him to make the planned profit. In case he loses, he should increase the next stack in such a way the profit will return both the money already lost and the planned profits for the lost games. This strategy is less aggressive than Martingale but still dangerous.

– Kelly criterion: mathematically proven to be the best strategy in the long run. However, it requires knowing the probability of a win. The stacks are calculated in proportion of the size of your funds and according to the relation between the probability of a win and the betting odds. When probability and odds are high, a high stack will be placed and vice versa.

Data and Methods

In order to evaluate the performance of each strategy, we analyzed the betting odds set by bookmakers for the top European leagues. Imagine that bookmakers are punters who place a stake on a favorite with minimal betting odds. One can easily estimate the probability of a win by dividing the average number of home/draw/away outcomes by the total number of games in a season.

The betting odds and results are taken from the four European top leagues playing in the 2008/2009 season: English Premier, French Ligue 1, German Bundesliga 1 and Spanish Primera Division.

Summary

– The results show that Kelly criterion is the best money management strategy of the three with an average profit of +5% compared to +1% (Row) and +1.2% (Martingale).

– The most profitable was the French Ligue 1 with a betting profit of +22% (Kelly), +9% (Row) and +10% (Martingale).

– The least profitable was the English Premier League with a betting loses of -10% (Kelly) ), -9% (Row) and -8% (Martingale).

SciBet.com offers soccer betting tips, live scores and bookmakers’ betting odds. Soccer predictions are provided for 120 European Leagues and Cups between the years 2005 – 2010.

Most punters like to wager on top flight football especially the English Premier League (EPL). Millions of dollars are wagered on every match.

Why is there the tendency to focus on elite football?

Because the punters believe they have better knowledge and thus greater confidence. They like the winning consistency of the big clubs. However, the odds for such consistent winners are often low and without value.

It can pay dividends to concentrate on the lower leagues. Let me share with you an interesting incident. On 21st Feb. 2009, there was a match between English non-league side Weymouth and Rushden & Diamonds. Weymouth was trashed 9-0. But Weymouth fans laughed all the way to the bank. The bookmakers paid out more than one million English Pounds in one of the biggest betting coups in non-league history.

What went wrong for the bookmakers?

In the lower leagues, the punters have an edge if they are able to obtain the latest team news faster than the bookmakers. In this incident, Weymouth fans found out “before the bookmakers” that Weymouth’s first team, which had not been paid at all this year because of the club’s debts, went on strike after discovering that there was no medical insurance for the game. The club had no choice but to field its inexperienced youth team. In this match, the bookmakers were caught with their pants down.

Those punters who are prepared to spend the same amount of time applying the same research criteria in the lower divisions can profit immensely. The following four reasons will convince you :

1) Smaller Squad

Most lower division teams do not have huge squads and cannot replace their star players easily with players of the same quality. Injury or suspension of certain key players can upset the performance of the whole team.

2) No Powerhouses

Unlike the elite league like EPL, for the lower divisions, there are no powerhouses who dominate the league for multiple seasons. There are no so-called Big Four. This gives the lower leagues a more level playing field and creates more opportunities for value betting.

3) Better Odds

Manchester United is the reigning EPL champion and the odds for any of its Home games are hardly worth making a bet. However, the equivalent leading league favourite in a lower division could get as much as three times the odds with an almost equal probability chance of winning. During the season, lots of such instances will crop up which the punters can capitalise on.

4) Same Punting Options

With the growth of online betting, lower division football now has the same type of markets and punting options as the top tier football. However, the bookmakers tend to dedicate most of their time on the top flight leagues. For the lower divisions, there is a tendency for them to make more mistakes when setting the prices. There is value to be spotted.

Conclusion

Betting on the lower leagues is an area waiting to be exploited. If the punter is diligent in doing his homework, it is not difficult to acquire a betting edge. The above incident is a classic example. So, it all depends on :

* How knowledgeable you are OR

* How misinformed the bookmakers/public opinions are

Stanley Ong is a Chartered Accountant with extensive experience in football betting. Football has been his passion since young.

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