Two Sports Betting Formulas To Win 80-85% Of The Time
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Are you looking for a way to win more money on sports betting? If so, then you need to check out these two sports betting formulas. These formulas have been proven to win 80-85% of the time, so you can be sure that they will help you make a profit.
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Language | : | English |
File size | : | 969 KB |
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Print length | : | 34 pages |
Lending | : | Enabled |
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Formula 1: The Kelly Criterion
The Kelly Criterion is a mathematical formula that can be used to determine the optimal amount of money to bet on a given event. The formula takes into account the following factors:
- The probability of winning
- The odds of winning
- The amount of money you have to bet
The Kelly Criterion formula is as follows:
f* = (bp - q) / b
where:
* f* is the optimal fraction of your bankroll to bet * b is the decimal odds of winning * p is the probability of winning * q is the probability of losing (1 - p)
For example, let's say that you are betting on a football game and the odds of your team winning are 2.00. This means that you will win $2 for every $1 you bet. The probability of your team winning is 50%, so q is 0.5. Using the Kelly Criterion formula, we can calculate the optimal fraction of our bankroll to bet:
f* = (2.00 * 0.50 - 0.50) / 2.00 = 0.25
This means that we should bet 25% of our bankroll on this game.
Formula 2: The Expected Value Formula
The Expected Value Formula is another mathematical formula that can be used to determine the profitability of a bet. The formula takes into account the following factors:
- The probability of winning
- The odds of winning
- The amount of money you will win if you win
- The amount of money you will lose if you lose
The Expected Value Formula is as follows:
EV = (p * w) - (q * l)
where:
* EV is the expected value * p is the probability of winning * w is the amount of money you will win if you win * q is the probability of losing (1 - p) * l is the amount of money you will lose if you lose
For example, let's say that you are betting on a basketball game and the odds of your team winning are 1.50. This means that you will win $1.50 for every $1 you bet. The probability of your team winning is 60%, so q is 0.40. The amount of money you will win if you win is $1.50, and the amount of money you will lose if you lose is $1.00. Using the Expected Value Formula, we can calculate the expected value of this bet:
EV = (0.60 * 1.50) - (0.40 * 1.00) = 0.60
This means that the expected value of this bet is $0.60. This means that you can expect to win $0.60 for every $1 you bet on this game.
These two sports betting formulas can help you make more informed betting decisions and increase your chances of winning. However, it is important to remember that there is no such thing as a sure thing in sports betting. Even the best formulas can only give you an edge over the house. In the end, it is up to you to make the right decisions and manage your bankroll wisely.
4.1 out of 5
Language | : | English |
File size | : | 969 KB |
Screen Reader | : | Supported |
Print length | : | 34 pages |
Lending | : | Enabled |
X-Ray for textbooks | : | Enabled |
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4.1 out of 5
Language | : | English |
File size | : | 969 KB |
Screen Reader | : | Supported |
Print length | : | 34 pages |
Lending | : | Enabled |
X-Ray for textbooks | : | Enabled |