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Tips and Dangers of Online Sports Betting

Online Sports BettingMaking money with online gambling is not easy. It requires great willpower to stay on the strategy. Abandoning it, except on few occasions, will make the gambler lose money and cause other more serious problems.

The greatest danger in sports betting is compulsive gambling, that in many cases is fueled by a type of bets that has become very popular during the recent years in gambling houses called “live bets”. In certain events, the gambling houses allow people to bet while certain events are taking place, messing with the psychology of the gambler by offering very profitable odds. This leads to placing a bet and by definition, this type of bets are very volatile, making the player cover his losses if the game changes. Therefore, the player has placed two bets that were not part of his strategy and odds are he will lose on both. One of them for sure. It is not recommended to the novice gambler to participate in “live bets”.

For the novice gambler, a good advice, once he has registered in one or two gambling houses, is choosing the sports they feel most suitable for placing bets. Tennis, soccer, boxing, basketball, horse and dog racing, handball, Formula 1, and others, are elements in a sports menu with a wide variety of gambling options and filled with possibilities for making money, and of course, lose as well.

It is clear that you can make money online, but you should never think it’s easy. Success in sports betting is linked to the knowledge, dedication, discipline, patience and self-control of the gambler. Betting is the most profitable part of gambling for specialists and professionals.

Get updated and quality information in publications or any other type of media before betting.

Be patient and have self-control, bet only on the sporting events you are sure of after a proper analysis since nobody can assure you they will offer interesting payouts on the one you feel comfortable betting.

Properly manage your bankroll. You must be consistent with the money you have at your disposal. Start by betting small quantities to gain experience and confidence, and expect to win money in a more or less constant manner. You, the gambler, will decide how much to bet, and it is critical to manage your bankroll properly, so it is very recommended to follow a good system or proper method that is in agreement with your playing style that will allow you to optimize your results.

8 Top Tips For Becoming A Professional Gambler

gambleMost folk are under the belief that professional gamblers have one bet, play one game of poker, or various other form of gambling, and then collect the winnings and go back to their big mansion for a few months rest, before having another gamble!

I pray it was like that, but in legitimate life it is extremely different. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. When you see professional poker players they are spending 3-5 days at a table in a tournament every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer.

So if you are looking for a simple life, do not take up betting as a profession. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful money. Anyone who tells you otherwise is possibly lying just to get your money.

When you see tipping advertisers stating things like “We made $26,000 to $100 stakes in the last 12 months”, it looks breathtaking. However, they need to receive your attention as a 1/8th ad in a paper costs around $500, and they need that funds back before turning a profit. And how numerous average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. Then divide the $26,000 by the $100 to work out how many and various points you make a year, and that is 260, then divide by 52 to see how countless points profit a week, and that comes to 5pts a week. Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. That may not sound much but you have to learn to walk before you can run. If you cannot profit with 10c bets, how the hell will you profit with $100 bets?

Also think why various tipsters advertise every day. This is because they have such a high turnover; they need to keep replenishing the customer base. This does not always mean the tipster is rubbish, in most cases they may be profitable long term, but the average Joe Punter always wants profit NOW and every day, and average Joe points more than 5 points per week, whereas a full time professional would be happy with that.

If you are going to gamble to profit, then for the first few months this should be your conditioning were you will be doing a lot of work for little return, but you will also learn how to handle losing runs, how to cope with mistakes, and if it does all go improper and you lose the betting bank, you should have learnt a lot from it for as little loss as possible, as you should only ever bet what you can afford to lose, especially while proving to yourself you can profit. You may have a spare $10,000 available, but prove you can profit with a $1000 bank original, and then add to the bank monthly.

So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever profiting from gaming.

1. Patience: If you want big profits now, try the lottery. Building up you betting banks takes time a lot of time.

2. Betting Banks: If you do not have a betting bank to beginning with, and you are just betting from whatever is in your pocket, you will never make a profit. It is as simple as that. Most punters lie to themselves that they are breaking even. Do not do that, be truthful.

3. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of betting maths in the actual world. Always inception with levels, if you cannot make bankroll with that simple staking plan you will not make bankroll with anything more complicated. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. Most professionals will start at 3%, but get it down to 1% as the bank grows.

4. Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.

5. Risk Management: Most people follow one tipster, or one system. This is usually suicide, you do not see the big boys in the city markets investing everything in one stock do you? No. They spread it around, and so should you. Use a number of systems, proven tipsters, method bets, etc. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will advise you the amount which is in each bank).

6. Alcohol: NEVER drink while betting, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.

7. Forums: Join a forum where you can percentage ideas, this can prove a huge aid, but make sure it is a decent one, and not full of idiots just spouting off how good they are!

8. Fun Bets: You are often told not to do any ‘fun bets’ if you pray to turn professional, but this will not happen, as it is hard to break old habits at maiden. The best way to treat fun bets is to handle them as you would any pro bets. Separate betting bank, list all bets, and it will not be long before you lose the bank and realize how wonderful your own tipping is!

This advice goes for betting in any country, on horse racing, greyhounds, soccer, NFL, poker, etc.

You can also find countless free horse racing systems, staking systems, poker systems, on the internet, ignore them, they are only free for a reason, as they lose bankroll.

These days it is possible to receive horse racing software, poker software, etc that can help you, they will only make you money if you are already doing so, they just enhance your skills, not make them. Search the web for reviews on every product before parting with any money; ask people on forums which software is the best.

Sports Betting – Advice for Accurate Bookkeeping of Your Sports Bets

sportsOne of the major characteristics resulting from the realization of regular and constant sports bets is that you are your own boss. Therefore, in addition to being able to enjoy an ample range of advantages and ease, a series of obligations must be added that become indispensable if we wish to have success in sports betting.

One of these obligations is, without a doubt, maintaining a rigorous and trustworthy accounting records. In spite of how heavy and tedious it can become to account for all of our bets, as much keeping a record of our predictions like we do with the predictions of those we normally follow, this task can be one of the most useful tools when talking about analysis of strengths and weaknesses and the improvement of results.

We don’t need powerful statistical programs to keep an accounting record of sports bets, but just an Excel spreadsheet, which we can customize to our liking. Excel has a multitude of functions and formulas that we can use in accordance with the time and knowledge we have.

Nevertheless, there are a series of recommendations and basic advice for when we create our accounting sheet:

-Basic Columns: There are a series of basic fields that I don’t suggest you leave out, because they can be very useful when breaking down statistics, which we can highlight:

Date of event, Game, Prediction, Odds, Stake, Result (if the bet was won or lost), G/P Stake, Amount Betted, G/P Amount Betted, Tipster, Sport, Competition, and Segmented Odds. Obviously these fields are just a suggestion and in practice, you should add those parameters that you find useful, and remove those that you deem useless.

-Establishing Filters: The application of filters lets us select the statistics of a tipster or a determined group of tipsters. In addition, we can select and study the selections of a determined sport or competition, completed bets during a selected period of time, etc.

-Make regular evaluations: It’s very important to make these evaluations at least every two months. Monthly is recommended. In my opinion, between 600 and 1300 annual bets is an acceptable volume of bets if you want to focus your path on sports betting in a professional or semi-professional way. Comparing month to month our journey through the world of gambling can be very useful in identifying possible mistakes we’re making or determine the impact of luck, because a very basic mistake is not looking at it with perspective, concentrating on the short-term.
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-Assessing all completed bets: Another very common mistake among gamblers, in beginners as much as experts, is make bets outside of our chosen system and that we make only because we have a hunch. These bets, like the rest, should be documented and assessed for post-analysis. If when we have sufficient samples that these bets are not profitable, we will need to eliminate them from our behavior.

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