In today’s article we will address the issue on which the whole range of bookies responds poorly. The question is this: would you rather Farmers planted a greater number of bets and had a 54% success rate, or would you prefer to bet less often and had a 60% success rate? Most bettors would say that it prefers the second option, ie to bet less frequently, but have a higher percentage of success. However, this is the wrong answer. The more you earn, even if you have a lesser degree of success, but you can bet more often (of course you must have a fixed size bets).
How exactly does it work? If the bettor makes 100 bets, each bet $100 and 60 stakes wins & 40 loses, then wins $6 000. After deducting losses from losing bets (40x $ 100) he has less net profit is $2 000. But if he bet 1000 bets on a constant size $100 540 would win & 460 would be lost, then won $54,000 and lost by $ 46,000, so his net gain would be $8 000. (For demonstration purposes always count on the fact that we are relying on betting opportunity with odds of 2.00)
Now rephrasing the question: Should you rather gain $2,000 or $8,000? The answer is probably obvious. And yes, it really is that simple. In the second scenario, your profit is 4 times higher. Now think about how it would look if you were in this way (and with stable size bets) planted a long time.
The volume of bets beats success rate
That punters need to reach sky-high level of success we’ve been able to in Article I 55% success earns you a lot of money. Sure they therefore know that even with 54% success rate reached a decent profit. And do not even think that the success rate will be even slightly higher – perhaps 56%. Your profit would have been even higher, with 56% success rate is really nothing is impossible. The volume of bets thus defeating the success rate (assuming that your success is betting on the “plus” side).
Another interesting thing is that these situations do not count the fact that with increasing bankroll grow the size of your bets. The resulting gain so there may be an order of magnitude higher.
Really goes more or less of it, bet on every game where you need to be 52.3% chance of winning and do this day after day. In our example, I expected the 1000 stakes, this number if you would like to achieve in a year, it’s absolutely no problem it is some 20 to 24 bets per week. This is certainly not an exaggeration or a time somehow impossible. For professional betters this is the lower standard.
In the first scenario, doing roughly 2 bets per week (100/52). That’s nothing. If someone act in that way, certainly can not be considered enthusiastic punter. Such a person is betting as a hobby, so in effect it does not earn a lot of money (and probably it’s not too much bother). But if you study the strategy of betting & want to improve and make money, you have to invest your time and money into it, you bet larger volume of bets.
The importance of proper bankroll management
Of course, you still need to find betting opportunities with good value. In this regard, for example, help information in our article 3 tips to gain an advantage when betting. And you have to think about the proper bankroll managment and grow your bankroll. With the growing bankroll because you will be able to (or rather, you definitely should) proceed to increase the size of your bets, which will result in an increase in total profit. Remember that 2% of the 20 000 CZK = 400 CZK, but 2% of eg 50 000 CZK = 1000 CZK. The difference in the resulting profit will be truly remarkable.
Whatever the size of your bankroll any, remember that you should never risk more suddenly than 5% of your funds designated for planting. In fact, it is even more reasonable when you bet, for example, mentioned two (or possibly three) percent. If you have a bad streak and your bankroll will shrink, you can proceed to reduce the size of bets.
That’s because you will with 54% success (and plenty of betting) earn more than the bookmaker, which has 60% success rate should be, but rather that relies only sporadically.