Is Your Gambling Making You Money?
So you want to make your gambling pay?
Well would you be suprised if I told you that 99.9% of gamblers fail to make a consistent profit by gamblig?
How about if I told you that a lot of these people don’t have a clue about betting?
Upto 90% of all bets are made by people who don’t really know anything about the event they are betting on. The others may have some idea but it is actually a very select few who actually make money by gambling.
There are ways to turn a rookie gambler into at least a semi professional one who could actually make a profit from gambling.
Below I will give a few pointers to any aspiring gambler looking to make their gambling pay and why most gamblers never make a profit.
1) Most gamblers bet on every race.
If you go down to a race meeting yu will see hoards of people placing bets on every race. That is great if you are there just to have a bit of fun but the more astute gambler will know this is a big way to make a loss.
The reason for this is not all races are the same. You will get some where the favourite wins and some where a rank outsider wins. The pro gamblers knows which are the best races to bet on and which ones to leave alone.
There will be days when out of all the meetings there will be no selection for the day. This is the way a pro gambler works. They wait to find a good selection then bet it. This is how they can lock in their profits.
2) Favourites only win about 30%-40% of the time.
Yet people mistakenly bet blindly on the favourite because they think it has the best chance of winning. In theory they are right btu in reality they come unstuck by this strategy. Sure there will be days when 3 or 4 favourites at a meeting come in. However the odds can be so low that winnings aren’t really all that great (especially if you get a few odds on favourites). The Pro gambler knows when a favourite is a good bet or one to avoid. This can be done through careful selection and analysis.
3) Gamblers Lose Money becasue they haven’t got an effective staking system.
A staking system is vital to any pro gambler. Its all well and good when you are winning but what do you do when you are losing? An effective staking system can recover previous losses and still make a profit.
4) Amateurs don’t make a profit because they don’t get good value on their selections.
They back odds on favourites but if it wins the returns will be minimal. As I said earlier favourites on;y win on average about 40% of the time so when one of these short priced favourites do come in they are still showing a loss. Th pro gambler knows if a selection is good value and will rarely (if ever) bet odds on because there isn’t any value. A good example would be Chelsea this season. In some matches they are quoted as low as 1/5!! Thats 5 units bet to win one unit. As charlton have shown they are not invincible and can be beat. Ok they may be red hot favourites but how would you feel if you put a £100 bet on to win £20 and they drew? You would be gutted to say the least. Very low returns aren’t going to make you a profit.
5) Some amateurs on;y bet in accumulators!
Don’t get me wrong accumulators are an excellent way of turning a small investment into quite a large win. I, personally have the occasional accumulator just for a bit of fun (you never know) but it isn’t usually very much. I prefer to stick to singles and doubles and if (there are a lot of selections) trebles. Most of the money is made on single bets and thats where the pro gambler makes his money because all you need is one result to let you down and you lose. Some amateurs rely solely on accumulators. Accumulators have their place but they should not be seen as a a sole way of making money off gambling.
6) Amateurs don’t have any kind of system.
Amateurs just sometimes pick a horse because they like the name or the top jockey is riding it. Backing the top jockey can be quite good but it should not be the sole factor in any gamblers assessment of the race. The pro gambler has a reliable system which is supported by statistics and mathematical analysis as well as a humans perspective.
Well I hope that has given you a little insight into the difference between a rookie and pro gambler and if you are looking to make your gambling pay then you can come and visit me at www.pwmarticles.com.