Following on

Following on from our post the earlier day, today we are going to start talking about the other kinds of betting systems that are available.

We’ve looked at flat betting and why it is attractive –

Today we are going to take a look at variable bet sizes, and why or why not to use them. This is a popular betting strategy with horse racing but it can be applied for any sport if you know how to change the parameters. Today we give a brief synopsis and in the following week or two we will outline the details.

Take a look at this rule below.

Optimum bet size consists of three things.
1. Your Bankroll
2. The Chances of Winning
3. The Odds at which you will be betting.

This is essentially the formula behind variable betting.  You work out the bankroll, how much you can afford to wager, your experience and knowledge of the sporting event works out your likely chance to win, and the bookmaker tells you the odds he will give you to win – so with that information you can work out how much you need to bet to reach your target profit.

What is the biggest problem with this system?
Rule number 2 – Unless you can statistically analyse how your team or your player is performing and calculate it like this to give you an unbiased win – we are no-doubt unconscionably going to favour our team and give us inaccurate results.

So – there lies the problem with variable bet sizing.  It is dependent on our knowledge of the game, and our ability to be honest with ourselves. 

This is essentially it. 

Next time we take a look at a variable betting system that is apparently documented to work.  We’re going to review it and let you guys test it for free.

So come back soon, and remember and let us hear your comments!