Betting On Cars And How to Perfect the Art Article
Car racing is one of the oldest competitions globally. For example, betting on F1 racing can hugely be viewed as a niche market. However, there are numerous F1 betting markets available and, therefore, a number of betting ways for the same. You need to follow the best strategies if you wish to make a profit betting on F1. Most of the races that you can bet on normally take place on asphalt. However, there are events that take place outside the paved arena that you can wager on too. As with most sports, your best odds are present when you bet on races online.
Types of Racing Bets
There are different strategies you can use to bet on racing. Since this is a one-person sport, you need to be very creative in the available wagering options. The most popular way of making such bets is match race betting as it makes the bets easy to follow. These bets are made even also. When you pit on a particular driver against the other, you are betting on the one likely to finish in a better position. Betting on a driver who gets into a wreck while on the first lap will lead to an automatic loss.
Kelly Criterion Betting Strategy
This is a strategy used in betting to help calculate the lowest and highest probabilities of losing and winning. It is a more complex strategy that helps players determine the amount they should place on a winning bet to maximise the value of the returns. The strategy also helps you decide on the amount you should stake on a particular game that you aren’t sure you will win.
Rules Applying to Kelly Criterion
When using the Kelly Criterion strategy for sports betting, it is very important for you to be extra keen. The wise thing is to make bets in games that have a positive expected value. However, the value is never constant in sports as people have different analysis and views. This is why you should always make sure the odds are high enough before making a bet to ensure that you can make up for your risk of losing.
With Kelly Criterion, you will be able to balance the winning odds and risks of losing as you bet on a specific racer. In case there is no positive expected value, the formula will yield a negative, meaning you should not make that bet.
Categories: Sport Cars