Sunday, 2 February 2014

What are betting tips and How to use them while betting for soccer



Betting tips are nothing but probabilities or predictions, and can be found widely in the internet. The basic steps to be followed for betting on soccer:
·         Firstly, deciding your maximum budget for betting is very important. This budget should not be very high for people betting for the first time.
·         Divide the maximum budget between multiple games.
·         There are some betting categories, choose which category is suitable for you. In football, two basic categories are full time result and total under/over 2.5 goals. Three possible game outcomes under full time result are home win, draw or away win. Total under/over 2.5 goals means selecting if the total number of goals scored is above 2.5 or under 2.5.
·         Now, the sum of the probabilities of these match outcomes must sum up to 100%. For example, probabilities for full time result can be assigned as, home win – 60%, draw 25% and away win 15%. The sum is 100%. 0% implies no chance and 100% implies sure bet. This is where the betting tips come into play.
·         Now, bookmakers define fixed odds for each of match outcomes. For full time result, the odds can be, home win : 1.5 , draw : 4 and away win : 7. This implies that if 100 bucks is placed on home win, you will get back 1.5 * 100 = 150, or lose 100 bucks.
·         Calculate the inverse of the odds, and multiply by 100, this will give the probabilities for each match outcome. The sum will be 110% though; the 10% addition is the bookmaker commission.
·         The bookmaker with the highest odd for the chosen outcome should be selected. Standard way to compare is to multiply the odds and the probabilities and choose the highest among them. But on the other hand, you also have to give equal importance on the probability, the multiplication result may be high due to high odds, but the probabilities may be low. So a perfect balance between the odds and the probabilities should be chosen.
·         Stake has to be calculated as follows:
Stake = 1/100 * Budget * (Probability – (100%-Probability) / (Odds-1)).
Stake should always be greater than 0. Or else the bet should not be placed.
·         Final step is choosing the league. Compare the tips provided with the actual match results, and choose the site where the difference between the site’s and bookie’s prediction is biggest.
Follow these simple steps, and win money, and never forget to select the website providing the best soccer betting tips.