Top ten Bets Mistakes

The following points are areas of bets where many punters often fail. My views arise from long personal experience and years of communication with successful and not successful punters alike.

My aim here is to highlight these common areas of failure in the hope that we can speed up your learning blackberry curve towards successful bets.

See the following thoughts and you may be able to side step many of the pot holes others have dropped into in the past.

1) Failure to use Bets Banks

Most bettors fail to understand that the best method of achieving a healthy and sustained long term cash in on racing is to reserve a n amount of money away from most of your finances, solely for the bets of horses. Whatever method or system you are using, the person who you are following or checking to or however your own table bets are calculated, you are better off with a “Betting Bank” that has built -in advantages that can help you. It needs to be independent from your own private finances and needs to be protected from factors that can endanger it. This can take a lot of feeling out of the decision making process. Feeling is a factor that threatens all punters. The size of your bets bank will of course be established by your own individual circumstances and free capital available.

An analogy to the world of shares perhaps may be that no financial expert worth his salt would give you advice throw all your capital into the currency markets alone. The vast majority of punters fail to use any form of reserve bank. They bet randomly with what ever money they have in their pocket at the end of the week or go in too deep with levels far in excess of their personal safety levels. A punter with a professional attitude will reserve what he can comfortably afford to invest and then determine the best use he can model of that fixed sum of capital. With a fixed sum of capital available you now move about the next reason for failure.

2) Failure to Pole Correctly

It is vital that you consider your bets bank as capped in amount. You don’t have an endless pool of resources to dip into. Bets by its nature carries inherent risks. These risks include periods of low strike rates and long losing runs. Your bets bank and staking should be modified for the method you use. You must in advance, prepare yourself for the possibility of a worse than average sequence of losers through adopting of a sufficient number of units in your bets bank. Correct coordinated staking in addition to the exact advantage, can also help overcome the risk of emotional reaction to a sequence of unusually positive or negative results. Take the Pricewise column in the racing post as an example.

Long term if you have access to on at the advised prices, it would have returned a decent profit overall. During this time period however followers must have lived with runs all the way to 40 losers in a line! Despite the overall long term profit I suspect the vast majority of Pricewise followers would have been terminated either by a failure to create aside a sufficient amount of points or through failure to face the feeling of the losing run. We have long since established here a strike rate of approximately 35% on our Best Bet selections and at an average S. P. of over 5/2 for each winning bet.

We feel able to protect clients banks as long losing runs haven’t happened and the strike rate and chances have been more than enough to ensure long steady and safe growth for your bets profits. That is in essence the key to winning money. Manage your accounts in a manner that protects them as far as possible from the element of risk that the game presents you.

3) Chasing Losses

Chasing losses at first view may appear to be an easy way to ensure an eventual profit but the true story is it is a game for fools and statistically will not work if you do not generate a general level levels profit. Chasing losses is a game for the ill informed who do not want to make the effort to look for value in their table bets. Bookmakers have to price
up every race. Punters need not play in every race, they can pick the backgrounds they want to bet in, and that is the main edge that people fail to understand.

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