Financial strategies in sports betting

Financial strategies play a big role in the success of players in sports betting, because they allow you to intelligently distribute the bankroll.  The official site Melbet has a great popularity among many thousands of bettors and the goal of most players to learn how to earn a stable profit on the distance. 

Financial strategies are usually divided into 2 types:

• Static - even distribution of bankroll on bets, i.e. repetition of bets of the same amount.
• Progressive - changes in the size of each subsequent bet, depending on the chosen strategy.

If used correctly, any financial strategy will significantly increase the player's chances of a successful outcome of bets, so it is worth considering the most popular types of financial strategies.

Flat

The most popular type of financial strategy among newcomers to betting. The purpose of Flat is to determine the size of the bet according to the following formula:

S = T * P, where

• S - bet amount
• T - selected percentage
• P - the size of the total bankroll

The percentage is determined by the player himself, and it usually ranges from 2% to 5%. A low percentage will bring less profit, but this choice will help to keep the bankroll longer. 

Fixed Bet

An improved variant of Flat, where the player determines the percentage of the pot and the size of the bet, which does not change throughout the movement towards the target goal. The goal of the strategy can be a certain amount, for example, a 25% increase in the pot.

After reaching the target goal, the player redefines the amount of the bet and continues to act according to the previous algorithm.

Kelly criterion

The Kelly criterion is based on the player's own assessment of the probability of the outcome of a sporting event, and the size of the bet is determined by a special formula:

S = (F * K -1) / (K - 1), where

• S - bet amount
• K - event coefficient
• F - probability of the outcome

The bet is considered profitable if the result of calculations of the first bracket is positive. The second action will determine the size of the next bet.