Archive | July, 2007
bankroll-growth

Expectations and Bankroll Growth

We have defined our bankroll and staking plan we are going to apply and we may now calculate how much winnings we should expect and when we will make our first withdrawal. Because, after all, if we are not going to spend our hard earned money, what is the point to build our Betting System [...]

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lot-of-cash

Bankroll Requirements and Staking Plan

We have now arrived to the point we  are confident with our probability calculations  and understand value betting, and we want with no further delay to submit our bets and start making money. However, if we don’t bet according to a staking plan and not having defined any bankroll for our system, we will be [...]

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betting-system

Probability Calculations and Value Betting

Usually, inputing data, variables and stats into an excel spreadsheet is dull and when it’s done on a daily basis it can get frustrating. Now, the clever part of building a betting system is making proper use of those numbers in order to calculate a probability percentage as close as possible to the real probability [...]

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input-variables

Data Collection, Statistics and Input Variables

Having already discussed about selecting a sport to bet on in the tutorial series on how to build your own Betting System, it’s time to deal with the input variables of the system we are going to develop. Now, don’t panic, by saying “input variables” doesn’t mean we plan on building a nuclear reactor! We will [...]

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football-ball

Selecting a Sport to Bet on

So, you want to start betting with a system and not randomly huh? But where to begin with? Building a betting system looks like a labyrinth and a heavy task, but not in my book. There are some steps you should take in order to be successful and completing each one of them with the [...]

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betting-system

How to Build your own Betting System

We all have visited plenty of websites offering picks which are based on some betting systems and strategies. We never get the chance to see one, but we are happy to receive the picks in our emails and move on. How about this time to build our unique betting system and have the tips right in [...]

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moneypack

Who pays commission? How are odds affected?

Everyone pays commission in order to be able to bet on an event. This is true either in Betfair or another bookmaker. The bookmakers have “vig” representing the commission. Vig, which is short for vigorish, is a term used to describe the book’s theoretical edge, or commission, on each betting online wager. So, how does this [...]

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