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December 25 2015


Top Ten Betting Mistakes

Sata MatakaSata Mataka
Step one to formulating a remedy, is to define the problem.

The following points are areas of betting where many punters frequently get it wrong. My views arise from long desire and years of communication with successful and unsuccessful punters alike.

Satta Matka
My aim here's to highlight these common parts of failure in the hope will be able to speed up your learning curve towards successful betting.

Read the following thoughts and you'll be able to side step many of the pot holes others have fallen into in the past.

1) Failure to Use Betting Banks

Most gamblers fail to understand that the best method of achieving a normal and sustained long term profit from racing is to set aside a sum of money out of your main finances, solely to the betting of horses. Whatever method or system you're using, whoever you are following or signing up or however your own bets are calculated, you happen to be better off with a "Betting Bank" which has built -in advantages to help you. It needs to be independent from the own personal finances and needs to be protected from factors that could threaten it. This could take a lot of emotion out of the decision making process. Emotion is a factor that threatens all punters. The dimensions of your betting bank will of course be dependent upon your own individual circumstances and free capital available.

An analogy to everything about shares perhaps could be that no financial advisor worth his salt would advise you throw all your capital in to the stock market alone. Most punters fail to use any sort of set aside bank. They bet randomly with what ever money they've in their pocket following the week or will end up in too deep with stakes far over their personal safety levels. A punter having a professional attitude will set aside what they can comfortably afford to invest and then determine the best use he is able to make of that fixed amount of capital. With a fixed amount capital available you move on to the next basis for failure.

2) Failure to Stake Correctly

It is vital that you consider your betting bank as capped in amount. You don't need to an endless pool of resources to use. Betting by its nature carries inherent risks. These risks include periods of low strike rates and long losing runs. Your betting bank and staking needs to be adapted for the method you employ. You must in advance, prepare yourself for the possibility of a worse than average sequence of losers through adoption of an sufficient number of units inside your betting bank. Correct methodical staking as well as the mathematical advantage, will also help overcome the risk of emotional reply to a sequence of unusually whether positive or negative results. Take the Pricewise column from the racing post as an example.

Long term if you could easily get on at the advised prices, it might have returned a decent profit overall. During this time period however followers will have to have endured runs all the way to 40 losers back to back! Despite the overall lasting profit I suspect most Pricewise followers would have been terminated either by the failure to set aside an adequate amount of points or through failure to manage the emotion of the losing run. We've long since established here a strike rate around 35% on our Best Bet selections possibly at an average S.P. of more than 5/2 for each winning bet.

The world thinks able to protect clients banks as long losing runs haven't happened along with 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 ways that protects them so far as possible from the part of risk that the game presents you.

3) Chasing Losses

Chasing losses initially sight may appear to be an easy way to guarantee an eventual profit nevertheless the true story would it be is a game for fools and statistically is not going to work unless you generate a standard level stakes profit. Chasing losses can be a game for the ill informed that do not want to make the effort to seek value in their bets. Bookmakers ought to price
up every race. Punters don't need to play in every race, they could pick the races they wish to bet in,and that is the main edge that men and women fail to understand.

In case you have had a losing day, by wanting to chasing your losses allowing up that advantage and bet within the races that you should stop betting in. You might be therefore betting just how bookmakers want you to and never in the way to win. Many punters will alter their stakes during the last race either to
"chase" losses or "play up" winnings. Its no coincidence the
bookmakers have ensured the last race on every day is often a handicap a treadmill of the hardest races on that day. There will be more racing the next day and the day after that.

The trick is waiting for opportunities in support of betting when you know you've circumstances which favour as well as not the bookmakers. You shouldn't change your approach, or deviate from sensible staking because there is no such things as "The Last Race".

4) Lack of Value Appreciation

Appreciation of "value" in the 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 get this done however over the long term, you should concentrate on each race individually and seek the value bet for the reason that race. There is value to be had in every race. The key to it is understanding
where that value is. Many times a punter will damage a losing betting slip and say "At least I'd some value".

There is absolutely NO relationship between value expenses. A 33/1 chance might be diabolical value yet a really short priced favorite may be supreme value. This doesn't follow that the bigger the purchase price you take the better "value" you might have. The value is sometimes clear but more regularly well hidden and it takes a trained eye to find out 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 most expensive word in racing folks who wants bet winner. That old cliche is that value is around betting a horse whose true chance is preferable to its price reflects.

That's only a small part of it. You need to to make sure that you bet in the right way and in the right races as which is the only way you can keep strike rates high and protect a betting bank. You ought to continually strive to increase value with your bets. Once you have a selection you feel is value don't simply take the first acceptable price which will come along. Seek to improve it by looking around the various bookmakers or try and top the best bookmakers price by seeking to the betting exchanges. Marginal improvements on odds on every bet you make will have a dramatic effect on lasting profits.

5) Greed For fast Wealth

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

The reason they are heavily touted may be the profit margin in the bookmaker's favour boosts the more selections you add to your multiple bet. Say you select any random 5/1 selection. Should you bet this being a single the bookmaker 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 produce a much bigger win through the same stake however over time the bookmaker is eating away for your capital at a much faster rate.

It is a total waste debating which type of multiple bet is 'best'. Unless your prediction skills are supernatural otherwise you are incredibly lucky, then betting in singles is much more often the best option. You could possibly say that many "Pros," do bet in multiples in bets much like the Scoop 6 or the Jackpot, but that's only since they know there is plenty of "Dead" money in any given Pool and they're betting against those who don't understand the dynamics of these types of bet. There are times you should bet in multiples however in truth they are few and far between.

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 Make money fast schemers. If you go Into any Betting shop, look into all the posters on your wall offering "special offers", "enhanced terms " and "bonus offers". You will observe they are all multiple bets. Bookmakers want you betting in multiples and it is easy to see why. They carve most cash in on them. You never see a Bookmakers promotion offering extra's with a win or each way single. Ask
yourself why.

6) Lack of Discipline

Lack of Discipline will be the big hurdle for punters looking to turn a losing
hobby right into a winning one. Bookmakers realize that. That's why in every
betting office you'll be able to bet on numbers, lotteries, ball games, racing throughout the globe with horses nobody has heard about before and even now super-hero, or as they think of it as, virtual racing. Bookmakers just believe its a case of punters sitting all day long betting on what ever is put in front of them yet sadly they are right in most cases. They are simply thrill seeking and care what they bet on, after they can bet.

There's no methodology at all and lots of betting office regulars are simply a bunch of headless chickens happy to pay long term for the warming buzz of the occasional win. More experienced regular gamblers that are savvy enough to change down bets that they can know are stupid notify themselves down by continually bleeding their profits having a fun tenner here along with a fun tenner there. It requires great discipline to NOT bet at times. It will take discipline to walk away from a horse once the price isn't right. It requires discipline to say no compared to that small fun bet.

It requires discipline to keep your money in your pocket and deny yourself the emotional buzz of watching your runner. Punters come in all shapes and sizes. Even shrewder punters who could win on the game, fall into the trap of lack of discipline of study. Following a winning period they forget that what made them winners in the first place, was the effort they put in. They become a victim of
over confidence, laziness and indiscipline. As being a long term successful punter is similar to swimming against the tide. It will take an effort to stay still, sustained effort to move ahead so when soon as you relax or let up you start to go backwards.

7) Emotion

Betting is a lonely game. What's more, it's a highly skilled game. Emotion
undermines success in many ways. There is comfort in realizing that as a sheep when you find yourself wrong it is not your fault because you were simply doing what everybody else was doing. With betting, the laws of market demand and supply, dictate that long term, the sheep will get fleeced. Emotion neutralises discipline and long proven successful practices. The result of any isolated race has little or no relation to races right before that or just from then on. Races should be viewed in isolation from the other person. We are all emotional in betting though the players at the top of the tree have this right down to a fine art and can control those emotions.

Other punters have long since been conditioned by bookmakers to EXPECT to lose rather than win. They've an in built psychological factor that makes them feel like
losers and they've been conditioned to losing by years of doing so. Over 95% of punters are flawed emotionally. Instances of emotive gambling include punters using a horse,trainer or possibly a jockey blind. The "Hype" horses are cannon fodder for emotional punters. They could also follow tipsters blind because they "hate" the thought of missing out on successful. They pay no awareness of the changing conditions of your race that may follow non runners or perhaps the ground changing. They misunderstand confidence and cannot 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 household. Names such as "Long Tall Sally " and "Susan's Pride " attract many to them just for a name that's highly relevant to them. Most punters have a very grudge against their own money and winning and getting good results is alien in their mind. Emotional punters lose their heads in barren times and are not able to capitalise on winning runs. They mess about with systems and staking plans that make no sense.

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

8) The Grass is Greener

The grass is rarely Greener on the Other Side. The fact is that the grass this is not working for you has not been grown, cultivated or maintained properly. Many punters change approaches and methods so quickly that they can don't give any method a true test. If they look for a system that works they just don't continue after a few bad results. It's the same as gamblers who note down every bet they've. Once they have a few losers they often times lose the heart to get this done and stop doing so and proceed to another area. They are like children with new toys at Christmas. They never stick to any method long enough to prosper.

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

Other product long term consistency in their betting and are constantly trying out what wasn't broke or shifting in search of the holy grail before a full evaluation products they are currently examining may be completed.

A competition to win best garden will be won by the person who can spend most time in the garden and master its challenges, the gardener that is prepared to care about his garden and put money into the tools that will help his garden grow and make the weeds away. It's the same with betting. You will do far better lasting if you can make a concentrated effort of learning and research a single key area instead of flitting from this to that.

9) Laziness

Most punters are LAZY! They have got religiously followed a doctrine of poor planning and not enough research. They refuse to study and spend hours taking a look at how they can win at betting. They will not invest in the game and put money into their own learning. You cant refuse to spend money, just glance at the racing for 30 minutes and expect to win long-term. You simply can't get away with that in the hardest trade coming from all, Winning Money at Betting. Whether or not this was that easy, then millions would take action.You must either fund your betting, or pay anyone to do just that. Natural human tendency is to try and get away with minimal amount of effort. Lazy punters are cannon fodder for your bookmakers.

They make little or no effort in their selection process nor seek to extract maximum returns off their bets. Those who position the most work in would be the more likely to succeed. My philosophy is straightforward. I believe that if a bookmaker, journalist or odds compiler spends Three hours on a race then I'll spend Six hours on that race to achieve the edge. The famous golfer Gary Player once said "The Harder Sometimes the Luckier I Get". That maybe true about both golf and betting.Many people can't spend 12 hours per day studying betting because they have families, jobs, commitments and lead their very own lives. That is what you pay us for. Perform that study for you and re-invest money in our betting to ensure we can find every edge very easy to Help You Win.

10) Stupidity!

Amazingly most punters don't learn from their mistakes. They last years making the same basic errors repeatedly. Pure stupidity. Attempt to improve your betting performance by continually learning from the mistakes and weakness is your game. Your bookmaker was laughing at you for a long time. You have it in your power however to improve your betting and hopefully wipe that smile from his face forever.

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