The Kelly Criterion and the Importance of Bankroll Managementįollowing bankroll management fundamentals is key to effectively gauging your successes (or failures) at a sportsbook. When applied correctly, the Kelly Criterion not only helps you identify value bets, but also works as an important guide as to how much of your bankroll you should wager on a specific bet. There’s a reason that it’s been used for decades by sharp sports bettors. The goal? Identifying bets that offer you an edge. This article will introduce you to the Kelly Criterion, a formula that enables you to compare the perceived odds of a wager with the payout odds offered by a sportsbook. But while the development of advanced sports analytics and modeling strategies have kept pace with the rapidly-growing market of betting options, many sports bettors still don’t have a solid understanding of many the key strategies sharp bettors use to gain an edge over bookmakers. There have been massive changes in the sports betting industry in recent years, with sports bettors accessing more wagering options than ever before (as well as an abundance of tools to find the bets that offer the most value).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |