Sports Betting SystemWith more than a billion dollars spent online each year, more people are looking at one form or another of a sports betting system. Creating a sports betting system revolves around the theory of probability and gambling mathematics. Some people gamble on what they feel in their gut, others opt for more scientific proof. Let's explore the options.
Today there are numerous programs which will calculate the odds based on their own mathematical formulas. Look at which sports event you are going to bet on. If you are trying to develop your online betting system for horse racing the first step is to start handicapping the horses. This can be done as follows. If the horse has never won a race at this course or distance or over the last 6 races has not once ended up at least 3 lengths behind the winner, eliminate it from your card. What you would be left with are your possible winners, short of an outsider. Compare your list with tipsters and online handicappers for that race and select the horses that are on your list and on those of the professional handicappers.
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It is always better to bet on a favorite in a small field, as the likelihood of an outsider winning is minimal. That being said there will always be losing streaks and upsets, as no sports betting system could ever be perfect; not only in horse racing but in any other sport. Globally 40% of all sports betting takes place on NFL football.
Football is another example where many use a simple formula based on past performance. Preseason performance is not as important as last season's stats. Look at the amount of "rushing yards" that the team did. Stats have shown that the more rushing yards a team does the more likely it is to win. So many concentrate on trying to figure which team will have the most "rushing yards" based on past performance and pick their team. Looking further ahead, the NBA also attracts numerous punters to the game. Based on the past performance of NBA teams most people believe that a younger team will do much better than an older team and those who have the most new players will make the most mistakes, thus possibly causing them the game.
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Over the years numerous people have used difference views on creating their own sports betting system. Not all sports betting systems will deliver, however you only need a 54% winning strike rate in order to stay profitable.
by Mario Mancini at 1800-sports.com updated on November 22, 2012
Sports Prop Betting
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