Top Ten Betting Mistakes

Sata Mataka
Step one to formulating an answer, is to define the challenge.

The following points are aspects of betting where many punters are often it wrong. My views arise from long personal experience and years of communication with successful and unsuccessful punters alike.

Sata Mataka
My aim here's to highlight these common parts of failure in the hope to speed up your learning curve towards successful betting.

See the following thoughts and you will be able to side step many of the pot holes others have fallen into before.

1) Failure to utilize Betting Banks

Most gamblers don't understand that the best method of achieving a healthy and sustained long-term profit from racing is to set aside a sum of money from the main finances, solely for that betting of horses. Whatever method or system you use, whoever you are following or subscribing to or however your own bets are calculated, you happen to be better off with a "Betting Bank" containing built -in advantages to help you. It needs to be independent from a own personal finances as well as to be protected from factors that can threaten it. This may take a lot of emotion from the decision making process. Emotion is really a factor that threatens all punters. How big is your betting bank will obviously be dependent upon your own individual circumstances and free capital available.

An analogy to everything about shares perhaps could possibly be that no financial advisor worth his salt would help you throw all your capital into the stock market alone. Most punters fail to use any form of set aside bank. They bet randomly using what ever money they have in their pocket at the conclusion of the week or will end up in too deep with stakes far more than their personal safety levels. A punter which has a professional attitude would set aside what he is able to comfortably afford to invest then determine the best use he is able to make of that fixed amount capital. With a fixed amount of capital available you now move on to the next reason for failure.

2) Failure to Stake Correctly

It is vital that you consider your betting bank as capped in amount. There is no need an endless pool of resources to dip into. Betting by its nature carries inherent risks. These risks include periods of low strike rates and long losing runs. Your betting bank and staking must be adapted for the method you utilize. You must in advance, prepare for the possibility of a worse than average sequence of losers through adoption of a sufficient number of units in your betting bank. Correct methodical staking as well as the mathematical advantage, could also help overcome the risk of emotional response to a sequence of unusually positive or negative results. Take the Pricewise column from the racing post for instance.

Long term if you could get on at the advised prices, it could have returned a decent profit overall. During this time period however followers would have to have endured runs up to 40 losers back to back! Despite the overall long term profit I suspect the vast majority of Pricewise followers would have been terminated either with a failure to set aside a sufficient amount of points or through failure to handle the emotion from the losing run. We have long since established here a strike rate around 35% on our Best Bet selections at an average S.P. of over 5/2 for each winning bet.

We presume able to protect clients banks so long as losing runs haven't happened as well as the strike rate and odds happen to be more than enough to ensure long steady and safe growth on your betting profits. That is certainly in essence the key to winning money. Manage your accounts in a manner that protects them in terms of possible from the portion of risk that the game presents you.

3) Chasing Losses

Chasing losses in the beginning sight may appear to get an easy way to guarantee an eventual profit however the true story would it be is a game for fools and statistically will not work unless you generate a general level stakes profit. Chasing losses is really a game for the ill informed that don't want to make the effort to find value in their bets. Bookmakers have to price
up every race. Punters need not play in every race, they're able to pick the races they wish to bet in,and that's the main edge that folks fail to understand.

In case you have had a losing day, by attempting to chasing your losses you give up that advantage and bet within the races that you should not betting in. You happen to be therefore betting the best way bookmakers want you to rather than in the way to win. Many punters will alter their stakes within the last race either to
"chase" losses or "play up" winnings. Its no coincidence that the
bookmakers have ensured that this last race on each day is often a handicap or one of the hardest races tomorrow. There will be more racing the very next day and the day after that.

The secret's waiting for opportunities and only betting when you know you might have circumstances which favour you and also not the bookmakers. You must never change your approach, or deviate from sensible staking because there is no such things as "The Last Race".

4) Not enough Value Appreciation

Appreciation of "value" inside a bet is core to long term success.
To profit over the long series of bets you must be betting at odds more than the true chance of winning your selection have. To accomplish this however over the long term, you should concentrate on each race individually and ask for the value bet for the reason that race. There is value to be had in every race. The important thing to it is understanding
where that value is. Many times a punter will ruin a losing betting slip and say "At least I had created some value".

There is absolutely NO relationship between value expenses. A 33/1 chance may be diabolical value yet a very short priced favorite may be supreme value. This doesn't follow that the bigger the cost you take the better "value" you have. The value is sometimes clear but more frequently well hidden also it takes a trained eye to view that. Everyone has this "Foresight" sometimes, it is a game about opinions in the end and nobody is always correct or incorrect. Value can be the priciest word in racing folks who wants bet winner. The old cliche is that value is about betting a horse whose true chance is preferable to its price reflects.

Which reaches just a small part of it. You might also need to make sure that you bet properly and in the right races as which is the only way you can keep strike rates high and protect a betting bank. You need to continually strive to increase value inside your bets. Once you have a variety you feel is value do not just take the first acceptable price that comes along. Seek to improve it by doing your research the various bookmakers or make an attempt to top the best bookmakers price by planning to the betting exchanges. Marginal improvements on odds on each bet you make may have a dramatic effect on long-term profits.

5) Greed For fast Wealth

Many punters ask for the thrill of a life changing bet that can produce huge gains of instant wealth to get a small outlay. Bookmakers experience your natural desire and walk out their way to encourage you to definitely bet exotic multiple selection bets that will in one hit, turn a tiny stake into a large sum. Professionals however rarely bet in multiples. Most professionals bet singles and avoid the multiple bets. Bookmakers relentlessly promote quite a few multiple bets with exotic names such as Yankee, Lucky 15, and Goliath.

The reason they are heavily touted is the profit margin in the bookmaker's favour enhances the more selections you set to your multiple bet. Say you select any random 5/1 selection. In case you bet this as being a single the bookmaker could have a theoretical edge in his favor of 15%. Taking two such selections however and betting these questions win double, the bookmakers profit margin rises to about 30% ! Yes your win double can certainly produce a much bigger win through the same stake however over time the bookmaker is eating away your capital at a faster rate.

It is a total waste of time debating which type of multiple bet is 'best'. Unless your prediction skills are supernatural or else you are incredibly lucky, then betting in singles is a lot more often the best option. You might say that many "Pros," do bet in multiples in bets much like the Scoop 6 or perhaps the Jackpot, but that's only because they know there is a good amount of "Dead" money in any given Pool and they are betting against people that don't understand the dynamics of these types of bet. Solutions you should bet in multiples but in truth they are few in number.

You can't approach this being a "Get Rich Quick " scheme. It is a long slow process of serious and sustained profit and never a game for Get Rich Quick schemers. If you go Into any Betting shop, have a look at all the posters on your wall offering "special offers", "enhanced terms " and "bonus offers". You will see they are all multiple bets. Bookmakers would love you betting in multiples and it's also easy to see why. They carve most profit from them. You never see a Bookmakers promotion offering extra's on a win or each way single. Ask
yourself why.

6) Insufficient Discipline

Lack of Discipline will be the big hurdle for punters looking to turn a losing
hobby into a winning one. Bookmakers are aware that. That's why in every
betting office it is possible to bet on numbers, lotteries, ball games, racing throughout the globe with horses nobody has heard of before and even now computer animated, or as they call it, virtual racing. Bookmakers just feel that its a case of punters sitting all day betting on what ever lies in front of them and sadly they are right in many cases. They are simply thrill seeking and care what they bet on, as long as they can bet.

There is absolutely no methodology at all and many betting office regulars are only a bunch of headless chickens happy to pay long term for that warming buzz of the occasional win. A lot more experienced regular gamblers who're savvy enough to show down bets they know are stupid tell themselves down by continually bleeding their profits with a fun tenner here plus a fun tenner there. It will require great discipline to NOT bet at times. It will take discipline to walk from a horse if the price isn't right. It requires discipline to say no to that small fun bet.

It will require discipline to keep your cash in your pocket and deny yourself the emotional buzz of watching your runner. Punters come in all shapes and sizes. The shrewder punters who could win in the game, fall into the trap of insufficient discipline of study. From a winning period they forget that what built them into winners in the first place, was your time and effort they put in. They fall prey to
over confidence, laziness and indiscipline. Being a long term successful punter is similar to swimming against the tide. It takes an effort to stay still, sustained effort to move ahead in addition to being soon as you relax or let up you start to go backwards.

7) Emotion

Betting is really a lonely game. Its also a highly skilled game. Emotion
undermines success in many ways. There is comfort in understanding that as a sheep when you're wrong it is not your fault when you were simply doing what all others was doing. With betting, the laws of market supply and demand, dictate that long term, the sheep will get fleeced. Emotion neutralises discipline and long proven successful practices. The effect of any isolated race has minimum relation to races just before that or just and then. Races should be viewed in isolation from one another. We are all emotional in betting but the players at the top of the tree have this right down to a fine art which enable it to control those emotions.

Other punters have for many years been conditioned by bookmakers to EXPECT to lose rather than win. They have an in built psychological factor that makes them feel like
losers and the've been conditioned to losing by numerous years of doing so. Over 95% of punters are flawed emotionally. Instances of emotive gambling include punters following a horse,trainer or perhaps a jockey blind. The "Hype" horses are cannon fodder for emotional punters. They will often also follow tipsters blind since they "hate" the thought of missing out on a success. They pay no attention to the changing conditions of an race that may follow non runners or the ground changing. They misunderstand confidence and can't cope with a lack of confidence.

Emotion also prevents people from advanced betting subjects such laying, hedging and arbitrages. Emotion forces some punters to bet horses with certain names that remind them of family members. Names such as "Long Tall Sally " and "Susan's Pride " attract many to them just for a name that's strongly related them. Most punters have a very grudge against their own money and winning and getting good results is alien for them. Emotional punters lose their heads in barren times and fail to capitalise on winning runs. They mess about with systems and staking plans that produce no sense.

The more emotion you can exclude of your betting, greater successful you will become. You will need to view everyone in the game because your enemy and as people trying to take your hard earned money far from you in the same way when you would a pickpocket. After you can master your feelings you have made the first big the answer to betting profitably.

8) The Grass is Greener

The grass is never Greener on the Other Side. In fact the grass this is not working for you has not been grown, cultivated or taken care of properly. Many punters change approaches and methods so quickly they don't give any method an authentic test. If they locate a system that works they just don't continue after a few bad results. It does not take same as gamblers who note down every bet they have got. Once they have a few losers they frequently lose the heart to do this and stop doing so and proceed to another area. These are like children with new toys at Christmas. They never keep with any method for a specified duration to prosper.

They always feel the" Grass is Greener", when in truth the "Grass" they are using has been abused and left to deteriorate. They really want the next Big "new idea " or "method " and that doesn't work either because the fault lies not within the Grass, but the Gardener.

They have no long term consistency of their betting and are constantly tinkering with what wasn't broke or moving forward in search of the ultimate goal before a full evaluation of what they are currently examining has become completed.

A competition to win best garden is going to be won by the person who is able to spend most in time the garden and master its challenges, the gardener who's prepared to care about his garden and purchase the tools that will help his garden grow whilst the weeds from increasing. It's the same with betting. You may do far better long-term if you can make a concentrated effort of learning and research a single key area as opposed to flitting from this to that.

9) Laziness

Most punters are LAZY! They have got religiously followed a doctrine of poor planning and insufficient research. They will not study and spend hours considering how they can win at betting. They don't invest in the game and spend money on their own learning. You cant refuse to spend money, just go through the racing for A half-hour and expect to win long lasting. You simply can't get away with that within the hardest trade of most, Winning Money at Betting. When it was that easy, then millions would take action.You must either invest in your betting, or pay a person to do just that. Natural human tendency would be to try and get away with the least amount of effort. Lazy punters are cannon fodder for that bookmakers.

They make no effort in their selection process nor try to extract maximum returns from their bets. Those who position the most work in are the more likely to succeed. My philosophy is not hard. I believe that if a bookmaker, journalist or odds compiler spends Three hours on a race then I'll spend 6 hours on that race to achieve the edge. The famous golfer Gary Player once said "The Harder Sometimes the Luckier I Get". That is true about both golf and betting.A lot of people can't spend 12 hours each day studying betting because they have families, jobs, commitments and lead their unique lives. That is what you have to pay us for. We do that study for you personally and re-invest money in our betting to ensure that we can find every edge easy to Help You Win.

10) Stupidity!

Amazingly most punters are not able to learn from their mistakes. They last years making the identical basic errors time and again. Pure stupidity. Attempt to improve your betting performance by continually gaining knowledge from the mistakes and weakness will be your game. Your bookmaker was laughing at you for decades. You have it in your power however to improve your betting and hopefully wipe that smile from his face forever.