Now, it should be clear from this explanation that the Kelly Criterion is used only to exploit an edge, not to create one. This yields a -5 percent Kelly Advantage… which is no advantage at all. Please read this carefully: You cannot, via any wagering method, scheme or spiritual revelation, turn a negative return on investment ROI into a positive one.
The Kelly Criterion only works if one has an advantage over the game they are playing. You can turn a negative ROI into a positive one — at least in games of skill like horse racing — through greater education and better information. Of course, this begs the question: Why use the Kelly Criterion at all? If one already has an edge, what difference does it make whether he follows the advice of John Kelly or R. The answer is simple: It gives one an idea as to how much she should bet on each race to maximize profits again, assuming one has an inkling as to what his betting statistics are — and they show a positive return.
The first race is for 3-year-old state-bred maidens and your records show that you typically hit 20 percent winners at average odds of in such affairs. This means you have no edge in the race and should pass or bet very lightly. If following your request, you wish to reinstate the casino games or the Sports product as applicable please contact Customer Service. We reserve the right at any time disable either the casino games or the sports product provided to you through the website.
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Since it is an exchange where punters go up against other punters and not the house, the prices tend to be amongst the best in the business. Besides, there is always the best odds guarantee on the UK and Ireland races. The bundle of promotion offers may be small in comparison with the bookmakers, but Betfair more than makes up for this disadvantage in terms of prices. One can find that Betfair happens to possess the best prices more often than not.
Besides this advantage, Betfair also offers all the usual features like being able to catch the live stream of events provided the punter has come in with a small wager to start with. There are also a large number of tools to help find value or analyse the games. The analysis can be done due to the wealth of information that is available over on the site. Since Betfair is an exchange, it happens to possess all the top horse racing betting systems around.
Ladbrokes — Best for Promotions and Best Odds This is a bookmaker which has a lot of pedigree when it comes to horse racing in the world. It specifically focuses on UK and Ireland races. After having acted as an agent for the horses back in , this institution has come a long way.
Today, it has all the bells and whistles expected from a top online gambling institution. A punter will be able to play all the horse racing betting strategy learnt from several locations due to the sheer variety of prices and streaming options available. There are no shortage of options through which this free bet offer can be applied, as the bookmaker provides best odds guarantee to ascertain its nature as the top of the line bookmaker.
The availability of three extra place boost and odds boost are a few added advantages that punters can enjoy while signing up with this institution. Claim Now Betway — Best for Guaranteed Odds and Free Bets Betway may be one of the new entrants into the world of online betting after having been established only a decade ago.
Yet, it has quickly grown into a top ranking institution due to a wide range of services available for users. Apart from being able to access the casino and poker sections, Betway also enables users to go deep into the world of sports betting — especially horse racing. The modern nature of Betway is straightaway apparent with the site offering class leading user experience and graphics. In this regard, few can match Betway, which also manages to shine in terms of bonuses. They can also do so in great confidence knowing that the institution manages to offer the guarantee for the best odds.
Hence, Betway would increase the payout for a player if the odds offered for a horse are lower than the SP. It has a long-standing association with comes to horse racing. While it specialises in covering UK and Ireland races, William Hill also goes one better by offering live stream on these races. More importantly, users are also get their hands on live stream content for horse races that take place in the United States. Not many bookmakers can offer this advantage, but the list does not stop here with users receiving plenty of news, statistics, and information regarding the races.
Apart from providing a huge arsenal of sports in their line-up, Unibet specialises in horse racing with markets available for all races in United Kingdom and Ireland. The bookmaker specialises in offering extraordinary prices and promotion offers for Cheltenham Festival and other top events in the UK. This is in addition to the money back offers. Part of the Kindred Group, Unibet was established in and today comprises of more than 10 million customers around the world.
It was established in and it has now been able to spread its wings to online casinos, poker, and gambling options. One of the trusted names in the business, Stan James specialises in providing the guarantee of Best odds for its users. The institution may be several decades old, but it manages to offer the latest technologies to assist the user in every form.
In play betting and the presence of live streams are a few of the advantages here. Even though it was established only in , it has quickly grown into one of the top names in the business. The importance provided to horse racing is especially evident from sport sponsoring stands at the Fontwell Park racecourse.
Apart from being institution that guarantees the best odds for races in Ireland and UK, sport also provides live stream of every race that takes place in the region. Some of the promotion campaigns at sport include a free bet if a selection finishes a close second. Bet — Leading Horse Racing Specialist with Price Promise Bet is one of the biggest names in the business when it comes to all forms of betting. The bookmaker is extremely popular in the United Kingdom, as it manages to cover almost every sport around the world.
The gambling institution has its license from the government of Gibraltar and it is one of the established names in the business. Even then, it continues to provide multiple forms of advantages to users through race promises, Best odds guarantee, and racing value. Players open up account with Bet can enjoy the races with a range of live streams.
They are: Starting Price A starting price SP is awarded to a horse so that a punter gets the option of either going with the current odds or the starting price depending on their preference. The SP is taken out of the equation just before betting is suspended for the rest. Like in every other sport, there is a lot of money flowing in to the event just before the start. This results in a huge amount of changes with regard to horse racing best odds.
This causes the punter to potentially miss out on value. Hence, SP offers a great alternative in this regard, as it is a price set by the industry. All the bookmakers and the horse betting sites will be sticking to this price. This eliminates any advantage while going with any particular punter, but it also provides a lot of stability. It is an ideal option for punters who do not like to drift around and want to get a good price as early as possible.
Favourites Just like in every other sport, every race has a horse which is overwhelmingly strong compared to the rest of the field. This horse would be expected to crush the rest of the field due to positive elements like recent form, weight, age, or any other factor. As a result, these horses would tend to get the lowest prices even at the best horse racing betting sites. This may be one of the difficult elements to predict, as there are likely to be a number of horses capable of winning the race in the case of an event with a large field.
Punters to get the opportunity to pick a favourite by going with the specific option at the starting price. Some of the best online bookies for horse racing though offer the opportunity to even place money on the second favourite at a race. Each house is given a Starting Price SP which is an industry standard figure.
Now, let us assume that a punter goes with a selection which has been placed under a guarantee. If the odds that are provided by the bookmaker are lower than the SP, the punter is automatically switched over to the bigger odds so that they stand to get a higher payout. However, the odds will still remain the same if the SP turns out to be lower than the price provided by the bookmaker.
Hence, this translates into a win-win situation for the punter. Even if the punter is getting a guarantee from the best betting websites for horse racing, it does not mean that they should not resort to aggregator services that help in comparing the different numbers under one place. It is common to find that all the Irish and UK horse races receive some form of guarantee. Claim Now Online Horse Betting: Disqualification, Non-Runners and Rule 4 Disqualification is a significant possibility in the world of horse races, as the runners are often taken out of the equation for several reasons.
One of the most common reasons for a disqualification is the failure to meet the required weight for a race after taking victory in a race. This opens up an enquiry from the stewards and the horse could be disqualified.
This could take out the entire winnings, but there are bookmakers who do payout on the disqualified runners — if the horse comes out successful after the enquiry. It is better to choose a bookmaker who offers returns on disqualified horses. Another significant possibility is a horse pulling out of an event due to several reasons. If the horses withdrawn, the bookmaker may lower the payout available on other horses using the Rule 4 deductions.
Even though some of the bookies have taken this rule out of the equation, it is still possible to come across the same. Tote and Totepool These are two concepts for punters to get a huge advantage in the world of horse races. Tote is part of a single bookmaker but it is possible to opt for totepool wagering options with several other bookmakers. Totepool is considered to be a slight variation on the standard wagering procedures, which involves taking fixed odds or a SP for an event.
In case of the totepool, the odds are not fixed and they would depend on the total money placed on the outcome and the punters who have taken part. There are several variations of this type of betting system. One can come up with normal wages on events like win, each way, forecasts, place, tote, and more.
It is extremely attractive in the eyes of a punter due to the potential for high returns. For example, a pool may offer the chance to win big when a punter manages to get six out of six selections right. The Significance of an Online Horse Betting Calculator Due to the fact the a great portion of the horse racing betting market went online, the tools and calculators designed in helping punters with the technical side of wagering also went online and so the online horse betting calculator came to be.
The contribution of the online horse betting calculator is immense in the way it helps punters by relieving them from handling the technical aspects of online horse betting, an aspect with great significance nevertheless, leaving them happily handicapping and catching every bit of news, updates and horse racing tips that might shed light over the task of picking the right horse.
Before the online horse betting calculator was offered by online horse betting sites or horse racing themed news or tipping sites, the punters who went horse racing betting online had to clutch to regular calculators, a task that when compared to the use of an online horse betting calculator, is revealed as a frustrating, time wasting task. There is no doubt about that the online horse betting calculator completely changed the way punters engage their wager placing.
Functions of the Online Horse Betting Calculator Like any other horse racing calculator , the online horse betting calculator features all the necessary functions for the punters to properly place a wager.
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Horse Betting Calculator
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