The search for profit doesn’t end as soon as you have found the most effective football betting tips. There is still a lot to be done to make sure that consistent profit. Money management will be as vital as using the right football betting tips.

However within the rush to get their money on, most individuals overlook this important area of football betting. So what is money management? Let’s look-at it in basic terms: You are betting on two football matches. You know that one will produce a profit 80% of the time as well as the other has a 50-50 chance of winning. You would want to put more money on the match having an 80% chance of profit wouldn’t you? Which is money management.

It’s basically managing your money to deal with risk. So logic says that on the risky bets, you should risk less money and also on the bets that can be stronger, you will need to stake additional money. This may seem like common sense to you, but it’s often overlooked.

Now the next question is: How do we calculate the amount to put on a team? The most usual method is to use the exact same amount (level stake) on each selection. Although this may work within the long term, within the short-run it is important to watch out for long sequences of losers from the bigger priced football tips. Four or five losers in a row can quickly deplete your bank. Therefore it may be better to look for a different approach.

Another approach suggested by many will be the Kelly Criterion. On the contrary, Kelly requires you to know the probability of a win. The bet size is then determined by first converting the price on offer Going In this article to a probability. You then have to estimate the probability of your bet winning. The difference between the sports book’s price probability and also your probability must be positive. If it’s negative, you should drop this football tip like a ton of bricks and move on to the next match. The size of the bet is then calculated using this difference in probability. A larger difference would suggest a larger investment and also a small difference would suggest a small investment.

Now when you can imagine, a normal person cannot estimate the probability of his football prediction winning. So this method is of little use to him. Yes, the mathematicians’ and professionals rave concerning this formula, and don’t get me wrong, it really is great in theory – but it fails in practice. If fails for at least for 90% of the individuals who attempt to use it, and I am guessing that is you and me included.

Instead I prefer to use a normal price available. Sports Books have studied the matches detailed and it’s not often that they get the prices wrong. So why not use this to our advantage? This makes our foes greatest strength their weakness. Yes, I realize that upsets happen, but if you look at sports book prices over a long period, you shall find that whenever they quote a result at even money, that result will occur very close to 50% of the time.

So by utilizing this as the true probability of the result we can accurately calculate simply how much to invest on each football tip.