Why YOU need to adapt to continually profit from betting?
May 4, 2010 by Jonathan
Filed under Betting Psychology, Essential Reading
Punters who consistently lose are the bookies favourite customer. Basically their un-willingness, both to learn something new, and from past mistakes means all they manage to achieve is a love hate relation ship with recreational gambling.
Think and bet differently from the masses!
To make consistent profits from backing or laying you need a professional method of assessing horse racing which does the polar opposite to the masses. If you only use information that can be quantified with reasonably accuracy then at least you are basing your opinions on facts and not media hype or hunches.
In other words study what’s presented to you in your daily form guide and seek to find an edge by using the information creatively. After all if you haven’t made consistent profits with the traditional approach then there’s nothing to lose and pretty much everything to gain. Just make sure to use the Betfair minimum stakes while experimenting.
This approach might scare some punters, but thinking outside the box is where the clever investors make the money.
Discipline
Most punters have disciplined issues when betting. The majority like to watch the races they bet on, while this sounds ideal, it’s not in my opinion. Watching the races you bet on engages emotional based opinions that are far from logical; fueled by the desire to win.
If you truly love watching racing as I do the best advice I can give is don’t bet at the same time. It will spoil your enjoyment of the spectacle and engage those emotive gambling traits deep within your psyche` Furthermore it will stop you from placing undisciplined stupid bets.
Learn to Adapt
Everything in life is affected by change. None more so than racing and the way the modern punter bets. In my opinion there has never been a better time for punters than the present. There are so many useful tools available help us all turn a profit from our betting activities. From betting software to advanced form guides, to backing, laying trading, arbing, dutching, laying the field and so on. The tools of the trade get more sophisticated every few months.
Even Betfair has changed markedly since its origin a few years ago. In order to remain profitable you have to re-evaluate and evolve with the platform. When one method suddenly becomes non profitable because of over exposure, look for another to compensate.
The main problem unfortunately is that there is so much information and so many different products available it’s become very difficult to see the wood for the trees. If you are going to invest in a piece of software or subscribe to a tipping service etc, make sure you ask plenty of questions upfront. Always ask for a free trail to evaluate whether or not you need this widget /info in your betting arsenal.
Copyright secured by Digiprove © 2010 Jonathan Burgess
Learn how to make realistic profits from betting
Practical, profitable advise direct to your inbox
- Proven techniques I use in my own betting
- Honest reviews on systems and services that are profitable
- Exclusive tips to make your betting easier & more profitable
Copyright secured by Digiprove © 2010 Jonathan Burgess
Comments
7 Responses to “Why YOU need to adapt to continually profit from betting?”Speak Your Mind
Tell us what you're thinking...and oh, if you want a pic to show with your comment, go get a gravatar!
good morning jonathan and thanks for all the info you are sending me which i read on a regular basis .i have read your recent comments on not watching races you have had a bet in how doese this make sense ie i watch racing every day and buy the racing post where i review all the previous days racing and the various comments that are made about the horses .surely it is better to have seen the action than not as how then do you critique the race if you have not seen it ?surely the two go hand in hand otherwise your are always gambling blind .it never ceases to amaze me when i go into a bookies and watch people reading the papers how can they translate what they read without seeing the race ? regards denis mc grath
Hi Dennis
Thank you for your reply. You highlight some good points , unfortunately the majority of betting shop punters don’t read race comments or even use the racing Post. Instead they use the national papers such as the sun mirror and Daily Mail. As your probably Aware these papers do not offer the in-depth information the racing Post provides.
Bookies are starting to offer all manner of absurd in play markets and the odds are heavily stacked in their favour. Conversely betting in play using betfair offers punters more of an edge if used Strategically with discipline…such As laying favourites in play At lower than SP odds.
Watching races and Betting at the same time gives an excellent adrenaline buzz, and for savvy punters such as yourself There is absolutely nothing wrong with this approach especially when you have done your homework. In the article above I was conveying the fact that most punters Have discipline issues and simply don’t do their Home work, and therefore should avoid hopelessly betting And watching race after race.
Dear Dennis
it is wonderful of you to spend your precious time in watching the video replays,
but it needs really trained eye to find the tell tale incidents about particular horse
running line
it is quite laudable work
keep it friend, you are miles away from the crowd
with love and respect
easwaran
India
Beloved Jonathan
Greetings,
it is wonderful of you to write a nice post today,and our good friend Mr.Dennis has a strong point too
watching the video is certainly helps to see how the horse moved and any misjudgement or ill judged action by the rider will tell us , but reading the tap is time consuming and one has to see the tap many times honestly
but it is worth it too
leaving aside this
i have a query to you
how about dutching the race,
all the contenders using 2 or 3 betting banks
splitting with 40 % each bank
naturally only one bank will win
the rest 2 bank will loose
but using little bit of maths
and increasing the bet amount where the
betting bank shows loss
i think it is worth researching
since the total book % comes around 117 to 120 with the book makers
and 101 to 103 with betfair
any thoughts from your side will be like breath of fresh air in the suffocating world
once again i thank you for your views and our friend Dennis
good of you keep coming and bless the viewer
thanks
Easwaran
India
Dutching with 3 books seems a little over the top.
I have a spread sheet which looks at 100’s of different aspects of each runner in a race.
example:- Win Course % Going Win % and Jockey/Trainer/Course %.
From this it filters the top Four contenders or six depending how you set your filters in Excel.
Naturally you do not bet on every Race. But look at say only Handicaps with more than 9 runners
which if you get it right should give you a profit if dutching.
I find my top 3 contenders from that list and read the Racing Post online for that race and that is how I decide which are going to be my 3 to Dutch.
One will be my Top contender and so I will put 20 points to win and 80 to be placed the next two will have the amounts relative to their price to cover the total stake. Let us say the total stake is 50 points 16.66 Points each Horse 13.00 to place and 3.00 to win Top contender if you were allocating the same exact amount to each horse which in a Dutch you do not do so you have your 50.00 points or what ever figure and look at the prices and decide how much is going on each one and the top contender split the stake into 20% win and 80% place. Only One Bet bank.
If you have a Bet bank of say 50.00 and you only want to use between 1 and 5% of that Bank per bet, then you have to decide is it viable to bet on that race But only one Bank.
As there is racing every day it does not matter if you bet today or not.
There is always tomorrow. A well planned and thought out bet, on a race that will give profit no matter which one of your three win. If only your top comes placed out of all 3, you should recover your stakes on that race. Proper Planning Patience and Discipline will prevent a Poor perfomance.
All the best and be Lucky as we all need that too.
Liam
Hi Jon
If you want to bet in small amounts when testing then you can use multiples on Betfair as long as your total bet is £2 or more you can back horses singly with what ever stake you like ie:
4 horses @ 50 pence each = £2 this is pretty useful if you are backing a lot of horses each day and dont want to lay out a lot money and enables you to use a small bank to test your system. A S
hi Alan
Excellent tips for small stakes betting many thanks Jonathan.