- Ten Rules to Successful Sports Betting

Discipline
The first rule of betting is mental and emotional discipline. Plan what you want to do, and how you expect to do it. Then exercise sufficient self control to avoid going off route. This the first rule for professional sports betting.

Gambling is a business
You must regard sports gambling as a business, not a game. It may appear to be just figures when watched on the internet, but those figures are real money. And that money is not going to be yours unless you take it seriously. It may be fun to just chuck your money down on the off chance that you net an unexpected winner, but winners do not come that often using this technique.

Can you afford it ?
This is a good time to bring in one very important rule, which applies to all forms of sports betting, whether it is horse racing betting, online spread betting, or whatever. Do not bet with money that you cannot afford to lose. Because if you do, and you get a bad run, you will probably soon start breaking some more of the rules, and your eventual losses will surely bring problems into the non-gambling part of your life.

Desperation
Do not make bets out of desperation. Desperation is a lousy system, and long term, will never win. It is better to take a break and worry about something else.

Paper Trade
Before diving in and using real money, it is best that you first paper trade. This is quite simple. Just go through all the steps of preparing gambles, without actually placing a bet. Record all you have done, until you are satisfied enough with your practice results, to bet for real.

Knowledge
Read as much as you can about sports gambling, and learn as much as you are able about your gambling subject. We can never acquire too much knowledge. It is not unusual for something learnt yesterday, helping you to make a profit from a sporting bet today.

Betting bank
Use a sports betting bank. Having succeeded in developing an increase in winning bets, now is the time to turn those winnings into serious money. A good betting bank technique will increase your capital as if it was gaining compound interest, and add more to your savings in a few days, than they would earn in a year deposited in a high street bank. If you are studying horse betting, you should discover a variety of betting bank ideas to choose from, that you can adapt to most types of other sports and competitions.

Your own system
Build your own sports gambling system that checks information such as form, and the history of competitors, etc. After some initial research, you may well become a more successful tipster than many of the people who claim to be Tipsters. Then you could save hundreds of pounds in tipster fees, plus backing more winners, or laying more losers. Perhaps you could even become a Sports Tipster yourself. They seem to do all right. Their brochures are usually covered with photos of rolls royce cars, big houses at home, and villas abroad.

Take a long term view
Plan your anticipated progress, taking a long term view. Allow for some losses, but also allow for the extra profits from operating a betting bank. When your actual sport bets are big enough to be bringing in large profits, then withdraw a chunk of your betting bank, and go and enjoy yourself. You have earned it.

Are you sure ?
There will be a number of occasions, when you have done your research, selected your winner and are all ready to go, but you are not absolutely sure you have made the right decision. It is very simple what to do next. Forget that bet and move on. Do not make a bet just because you think it is about time for a bet. To make a bet when you are not sure is “taking a chance”. That is a risky business.

A Successful Bettor avoids “taking chances”.

I hope you found this article helpful.
I will soon be writing an article on
Horse racing systems

So watch this space

For more information about betting

Racing Unlocked

The Backing section involves a few simple steps to pick your horses for the day.
The laying section of the manual enables you to pick low priced horses to lay, using
an incredibly safe method

Betfair Staking Plan

How can I increase my winnings ? You will get a lot more cash for your money if you use a staking plan ( betting bank ).

- 10 Things You Do Not Know About Betting Exchanges

There is no doubt that the arrival of the internet betting exchange has changed the face of gambling for ever. No longer are we compelled to go to the bookmakers in order to place a bet.

An online betting exchange is a platform whereby bets can be traded between two or more parties. This provides many opportunities to the gambling community.

For example, did you know that :

- It is generally claimed that prices at the sport betting exchange are up to 20% larger than at traditional bookmakers.

- Betting exchanges offer a great variety of bets. The best example of something new, is the in-play or in-running bet. Punters have the opportunity to place their bets while the contest is actually taking place.

- The betting markets on exchanges range from sport to finance, from television games to political events.

- Another newcomer to the betting world is the opportunity to bet that something will not happen. This is called a Lay bet and is a wager that a particular competitor will lose.

- With a betting exchange you have the option of offering bets at odds you have chosen yourself. While this does not mean that they will always be taken up, it can mean that you will frequently get better prices than with a Bookmaker.

- You also have the choice to back or lay Place bets, contrary to the bookmakers, who only offer place bets if they are agents for the Tote.

- BETFAIR is by far the largest and most progressive betting exchange site in the world. It provides an excellent customer service, and it can be used by Internet or by telephone. Another favorite is BETDAQ, and these two are the backbone of the British exchange market.

- Trading is another type of bet you can do on a betting exchange. This is when you bet on both sides of an event, to create situations whereby one can either win or break even. It needs a lot of practice and quite a larger betting bank. But while one must spend a considerable amount of time in front of the computer trading per day, successful Traders claim it is highly profitable, at very small risk.

- Normally, betting exchanges are free to join and their only charges are a commission on net winnings. For example, if you are trading on horse racing and you have a back bet and a lay bet on the same horse, you are only charged commission on the net value of the two bets. ( e.g. if bet A wins you £20 and bet B loses you £15, you only pay a small commission on £5. )

- One of the best advantages of using a betting exchange is that your account will not be shut down because you have big winnings. In fact, betting exchanges will be pleased to see you win because they get their commission from your profits.

Happy Gambling,


For More Information On Betting Exchanges Click Below

Back or Lay at Betfair

Number 1 Betting Exchange, Betfair is a new and exciting place to bet, where you’ll find the odds are on average 20% better than of a traditional bookmaker.

Back or Lay at Betdaq

Betdaq is now the second best Betting Exchange online and is growing rapidly with millions of pounds being matched and hundreds of people joining weekly.

Betfair Secret

Learn from a professional exactly how easy it is to profit from Betfair.
Discover the methods he uses for "trading" and "laying", to bet full time.

- MEET FRED – ON AN INTERNET BETTING EXCHANGE LAY

LAY Betting is becoming the latest craze in the betting world, so another article about it will not be out of place.

Briefly, a Lay bet is to bet that something will not happen. For example, Instead of betting that a horse will win a horse race, you should bet that it will not win.

Never mind for now the details of the history of Lay Betting. It will suffice to know that a British Betting Exchange called Betfair, seriously introduced Lay Betting into the U.K. about the year 2000, and now Betfair is by far the largest Betting Exchange in the world.

So what’s a Betting Exchange ? I knew you would ask. The answer is that they are Gambling Sites on the Internet, where people can place and accept bets, without using a Bookmaker. The bets are on all kinds of competitive subjects, predominately sporting contests, and include Lay bets.

For the sake of simplicity I will use the U.K. horse racing for my examples. ( By the way, if using the internet is inconvenient, it is now possible to also bet over the telephone to some Exchange Sites ).

Anyway, along comes Fred the Punter. He has heard about Lay Betting, and has come to have a look for himself. In just a few minutes he has gone online, and registered with Betfair. He has also opened an account to deposit betting money. Well done Fred.

The first thing Fred learned was that there were no Bookmakers. He was going to bet directly against other people, who would not be identified. To arrange his bet he would be guided by the money staked and the odds available, and these were clearly laid out before him.

Fred found that, amongst others, he had the choice of two types of bets. The first was the usual BACK Bet, and Fred knew how to handle these … He would normally select a horse using his latest system … bet to win … Lose his money … Kick the cat.

The second type of bet was different, and much favoured by the cat …
Fred was advised to do what the Bookmakers do … Bet to lose … Because If you lose … you win.
Sounds simple enough. But what does it mean ?

The horse race will of course normally have only one winner, and the rest of the horses will lose. A Bookie would try to price all the horses so that the total of all the money he collects, from the losing horses, is a lot more than he pays out on the one winning horse. So basically, the Bookie doesn’t care which horse wins or loses.

I’ll have some of that, thinks Fred, planning to Lay all the horses in the next race. But hold on Fred. You couldn’t handle all the changing prices, and the monies bet etc. It would end up a disaster. Just Lay one horse if it is suitable, or maybe two or three if they look real losers.

Fred then immediately goes for his master plan number two, which is to Lay the outsiders on odds of 100/1, because if they were any good said Fred, they would be at lower prices. So they must be losers to have such long odds..

It sounds reasonable, but hold on yet again Fred. You do know that these outsiders do sometimes win. Not very often, and not when you are backing them. But it does happen. You had better make sure that you understand both the profit and the pay out side of Lay bets.

But first I would mention that the Exchange withholds enough money from the Bettors accounts, before a race, to cover any losses. This way Winners know that they will be paid. The Exchange also retains a small commission from net winnings after a race. This income is to finance the Exchange.

Your PROFIT comes from your Opponents who have Backed a horse that you have Layed. If the horse loses, all the money they have risked with you becomes yours.

Your LIABILITY is to have to pay out if the horse wins.

The amount depends on the price of the horse, but remember, you are now in the position of a Bookie. If your opponent has staked £10 with you at say 3/1, you will have to pay out £10 x 3 = £30.

That crash you just heard was Fred hitting the floor, after calculating the Liability of getting a Laybet wrong at 100/1 odds and a £50 stake. Yes, that’s right Fred, you would have to make a £5,000 pay out. That would be something to brag about down the Pub on a Saturday night.

O.K. said Fred, so how do you play this game ?

So I explained as follows. First you need to consider horses at lower prices. For example, if you layed a horse with a £10 stake at 3/1 odds, and another horse at £10 and 30/1 odds, either would win you £10 if their horse lost. But look at the difference in the liability and risk. A £30 risk, or a £300 risk, all for that £10 prize.

On realizing this, the Punters ( and Fred’s one ), immediately want to just Lay the favourites. They forget that they are Laying the better horses, who are more likely to win.

So, what do we do ? Well whatever system you come up with, you must do one thing. You have to find 85% or more correct Lay bets.
It is simple arithmetic. Let us do some sums with £10 bets at 4/1 odds

85 correct Laybets at £10 stakes equals £850 won. Less 15 wrong £10 Laybets at 4/1 equals £600 lost. Net profit £250

BUT only 60 correct Laybets at £10 staked only equals £600 won. Less 40 wrong £10 Laybets at 4/1 equals £1600 lost. Net loss £1000.

Net Loss of £1000, less Net profit of £250, equals £750 lost overall.

So we need most of our Laybets to be correct, for as low odds as we can find, such as:

90 correct Laybets at £10 staked equals £900 won.
Less 10 wrong £10 Lay bets at 2/1 equals £200 lost. £700 won overall.


Fortunately, we do have some very good advantages. For example, we do not have to bet on every race, just the ones that look good for a loser. And even then it is up to us how much we want to wager.

Also, by properly researching the horse’s history, it is quite possible to get 85% correct Laybets, or even better, 90% or more. Which can put you into a situation whereby mathematically you cannot lose

Phew that’s better gasped Fred. I was getting worried with all that losing bit, and I was going to put my hat and coat on and go home and kick the cat.

But how do you find the necessary percentage of correct Laybets ?

That is another story, Fred.

Watch this space.


For More Information On Lay Betting Click Below

The LayRevolution

The never-seen-before technique in this guide is designed to help you start profiting right away! Everything is explained from top to bottom in the guide.

laygenius

Unique system that will show you how to make endless profits,and uses a spreadsheet to do all the work for you!

- LAY BETTING - HOW TO ALWAYS WIN

Before I write about Lay Betting, let me ask you a few questions.

Do you regularly earn loads of money gambling on racehorses ?

Do you find it easy to pick the winner of a 12 horse race ?

Or, are you like us ordinary mortals, who couldn’t predict the winner of a one horse race ?

If you are the latter, what can you do about it ?....Well what you can do is this …

(1) Pack up gambling, and let your wife take over the household betting. She’s probably better than you anyway……… OR

(2) Have a look at the “ WIN with LOSERS “ horse betting technique that is really catching on, and could perhaps bring you in a few bob.

Winning with losers seems a novel idea, and I have been looking into it. The result is this brief write up about laying horses, which I hope will be helpful to you, and start you along the path to loads of money.

There was great excitement in the horse racing world when BETFAIR first appeared on the scene, just a few short years ago, and announced LAY BETTING for Gamblers ONLINE.

Thus ended many years of frustration for millions of Punters, who up until then could only back a horse to win, while the Bookmaker could Lay Bet all of the horses in a race, plus control the prices. It didn’t seem fair, did it ?

Suddenly it all changed. Now any Gambler with access to the INTERNET, could bet a horse would win OR lose a race, and even try his hand at offering prices.

All he had to do was go onto Betfair’s Web Site to register, and deposit enough money into his Betfair account to cover any gambling risk he was taking, and he was in business.

It all sounded great, and within a very short time along came Lay Bet Tipsters, Lay Bet System Sellers, and Lay Bet Manual Writers, to give Lay Betting its seal of approval.

So now we had a new limb added to the gambling body. But is it safe ?

In my opinion, Lay Betting on horse racing is as safe a form of sports gambling as I have seen, provided that it is conducted in a business like manner.

As with any proper business, you have to calculate the cost of any risks you want to take. So a little bit of simple arithmetic comes into it.

You also have to select suitable horses to Lay Bet. There is a bit of“ detective “ work involved, such as discovering what the horse likes, or dislikes, plus its various capabilities, and the weather conditions, all of which will effect the animal’s performance on the day.

Timewise, it depends on what you want out of Lay Betting.

You can just select one or two horses the evening before a race meeting, and put your bets on before going to work in the morning.

Or you can get serious and spend several hours a day selecting your bets, following the racing on your computer or television, and betting with the benefit of having the latest prices and information.

If you do this, apart from getting some really good Lay bet results, you may have time to play one or two other systems at the same time. For example, If you have been made redundant, and have a few pound to spare that is looking for an investment, then with care, you may be able to make good use of your spare time and money, and build a second income.

How much can you win by Lay Betting horses ? Well, how much do you want to win ? Is it enough to do the occasional bet to earn the cash to finance an evening out at a restaurant ?

Or do you want to build a betting bank into a substantial sum of money ? This is mathematically quite possible. You just need a way of betting in which you are mostly right most of the time., and Lay betting may be the solution. There are quite a few people in the horse gambling business who claim to win thousands of pounds a month by Lay Betting horses alone, even to the money becoming a full time income.

Let me give you a tip before you go.

If you can develop the knack of finding the hidden weaknesses in certain horses, that makes them a bit risky to bet on as winners, you will have lots of good LAY BETS.

Then as you build up the percentage of times that you are right,

you can reach a situation whereby mathematically you cannot lose.

Keep an eye open for my next articles, which explain how.

Happy gambling


ForMore Information On Lay Betting Click Below

lay2lose

The software does it all. Seconds to set up, puts your lay bets on while you go off for the day.

layprofit

Do you want to know if you have the ability to make thousands of pounds a month Laying horses ? This professional gambler shows you how to make consistent profits in this step by step manual