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Free Articles Online » Winning at Gambling – 9 rules for gambling success Winning at Gambling – 9 rules for gambling success Published: 30.07.2010 | Author: jhonwilliamsd | Category: Gambling & Casinos
If you enjoy a flutter then you want to win. Too many gamblers lose and thats why the bookmakers make such massive profits. If you get the basics right the rest becomes natural. Stop losing and start winning!
Gambling is a massive industry and even in times of a worldwide economic recession Carmelo Anthony Olympics Jersey , bookmakers continue to prosper. The reason for this is because the majority of gamblers do not follow simple rules, lack discipline and are unable to control their emotions. Its not easy but by following some simple guidelines you can turn yourself from a loser funding the bookmakers into a successful gambler.
1 – Create a sensibly funded separate betting bank
Gambling is a pastime which, if not treated seriously can lead to massive debts and losses. So the first rule is to ensure you bet with what you can afford. If you initially set aside an amount, which if lost is not going to cause any major concern Anthony Davis Olympics Jersey , you are immediately removing the stress. You can treat this bank in the same manner you would money you had set aside for social activities or personal treats – there is one key difference though, you may well see a return!
Also as part of this step break your bank into betting points. As an example if you had a bank of 500 you could create 500 points and state 1 point will be placed on bronze confidence bets, 3 on silver and 5 on gold. Alternatively you may prefer a percentage of the bank. Both ways are fine, once you have a clear Allen Iverson Olympics Jersey , sensible and controlled banking structure which will only run out if you fail over a long period of time. Finally as part of this step you must know realistically what you define as successful. If you have a betting bank of 500, it is not going to grow into a million overnight. Realism and sensible goals are vital.
2 – Keep records
If you are going to take gambling seriously, you must act in an efficient and controlled manner. The first key element in doing so is to ensure you keep full records of every single bet you place. A simple spreadsheet will do the job perfectly. Excel is of course ideal for this type of activity and offers massive ways of breaking down your data for you to see where you are going right or wrong. You can create headings and columns as you see fit but its recommended you have at least the following –
Date – the date of the bet being placed
Selection – what you are betting on
Amount – how much you are betting
Odds – the odds you have been given
Categorisation – the type of bet, for example a system name or a categorised description
ProfitLoss – your overall return
Comments – notes for future analysis
3 – Study
Unless you are lucky enough to be friends with someone on the inside then relying on other peoples word or a so called tip is basically just guessing.
The rule of study means every time you go to type in a bet to your spreadsheet you have justification and a sure sense of why the bet is being placed. If you are unable to study the statisticsconditions and categorically know you are placing a bet for the right reasons Tracy McGrady usa Jersey , you should not be betting in the first place.
It is not acceptable and will lead to failure if your bets are not being based on thorough study of the betting event you are investigating. The rule of study is absolutely and categorically vital – it means sourcing appropriate materials, ensuring you understand the results and allowing enough time to really get to grips with your findings.
To summarise, without studying you are guessing and will lose in the long-term.
4 – Know your odds and get the value
No matter what gambling selection you make, there must be a price associated with it you consider to be worthwhile. This is no different to going shopping – you know what you want to buy and what its worth Stephon Marbury usa Jersey , if the item is not as good value as you believe it should be, you wont buy it. The same rule applies here, if you are not able to get the odds you have set out for, then you do not back it. Ever!
Deciding on what the correct odds should be is of course an art in itself but something you must master to be successful at gambling. To reiterate – if you dont know if the odds are good or not how can you possibly add it to your betting spreadsheet without breaking your own rules?
5 – Hunt for the best odds
Call it penny-pinching if you wish Stephen Curry usa Jersey , but the difference between 12 and 49 is massive in the context of a successful gambler. There are now plenty of resources to compare all prices available and the laziness of just backing with the same firm or your local betting shop for ease will not do if you wish to succeed at gambling.
Now that you have identified a bet to place and seen you like the odds available, you must see the benefits of taking this extra time to get the best price available.
Check exchanges, online bookmakers and as many places you can possibly think of. There is no harm opening up several bookmakers accounts if needs be, plenty of them will give you free bets as an incentive to do so and create an extra way of funding your betting account!
6 – Trust your study
It is human nature to doubt ourselves Scottie Pippen usa Jersey , but if you have successfully followed rule 3 (study) then you should be extremely confident your betting selection is sound and justified. There are so many seeds of doubt happy to creep into your thoughts – providing you have studied correctly then ignore them.
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