Posts Tagged ‘Bet’

In my opinion, Man O’ War was the greatest race. This is my dedication to him. Sorry for the ridiculously low quality video It’s a shame Man O’ War was around when film wasn’t as big of a deal as it is today. Luckily, we can relive Man O’ War’s racing career like we never dreamed possible. We can ride, train, bet, and watch Man O’ War’s races, and even create races. Go to www.freehorseracegame.com download the game, and watch Man o’ War go.

Everyone knows that gambling is a business of risk. Professional gamblers will successfully manage their risks and make a profit, whilst 98% of punters who consistently lose money, also consistently fail to manage risk effectively.

This is the concluding part to this series of articles, where I have explored the key reasons most punters lose money, in a vain attempt to make money through betting.

We have seen the importance of always getting a value price when you bet. If you fail to strike bets which offer a satisfactory return on your investment, then ultimately you will lose money.

We have learned why you should have a sensible approach to staking. Never put too much of your betting bank at risk in one bet, in an attempt to get rich quick.

I pressed home the dangers of chasing your losses. Experienced gamblers appreciate that you will more often than not lose more bets than you win. Losing is part of gambling – accept this fact and you will not be tempted to compound your losses by trying to re-coup them by deviating from your staking plan.

In the most recent article, we looked at discipline, and why it is critical to treat your betting like a proper business if you want to achieve business-like results.

In this final section, I want to conclude by further exploring the topic of risk management, and developing a profitable portfolio of betting strategies.

Ask any number of professional gamblers and the vast majority will tell you they do not rely solely on one betting strategy alone. They spread their risk by employing several methods, and constantly reviewing the performance of each method. In effect, this is much like an investor managing a portfolio of stocks, shares, and investments. This echoes back to a previous article where I likened betting for profit to running a business.

The disadvantage of relying on just one betting method or system or tipster, is that if the strategy is not currently returning a profit, then you have no income. It’s the classic “eggs in a basket” scenario!

If you look at the Stock Market, the value of individual shares goes up and down on a daily basis. Whereas, over time, the value of the market as a whole has historically risen.

So it makes sense to have a number of betting strategies running concurrently. If during one particular month Tipster A is losing money, then probably System B is returning a profit. Your aim should be to manage your portfolio such that you generate a net income every month.

Developing a portfolio raises a number of questions:

1) Which strategies should I employ?

2) How many betting systems/tipsters should I have in my portfolio?

3) When should I relegate a system from my portfolio?

Developing your betting portfolio

To answer the first question – the obvious response is to follow profitable systems. But this is much easier said than done. Where do you find profitable methods, systems, and tipsters?

It will take you time to develop a good portfolio, but a good place to start is with your own methods. If you can read form, and you understand the concept of value, then you can develop your own methods of making good selections.

Whilst you are developing your own methods, you can employ the skills of one or more tipsters, and/or buy some ready-made systems. Before rushing out to buy a copy of the Racing Post and looking in the classified advertisements for tipsters, I recommend you search on Google under ‘tipster review’ or ‘horse racing tipster review’ or ‘betting tipster review’. Adverts will always say their tipster or system is the best, and makes amazing profits. But this is your money you are investing, and you owe it to yourself to do some home-work.

Look for a forum or discussion board where tipsters and systems are reviewed objectively by customers or people who have actually used the service.

How big should your portfolio be?

This is a question only you can answer really. The more strategies you have, the more your risk is spread across a number of income streams. You could also potentially earn more money. However, the more methods you employ the harder your portfolio will be to manage, and the more of your time will be taken up.

You will need to strike a balance where you are comfortable with the time-input and the return from the portfolio.

A sensible portfolio may have five or six strategies, with another two under review at any one time.

Managing your portfolio

In a previous chapter I suggested ‘paper-trading’ a method for at least two months to test its profitability. This means you should follow a method or tipster or system for two months to see if theoretically you would have made a profit. Once you are happy with the performance of a particular method, you can proceed to award it a place in your portfolio, and start trading with actual cash.

If the strategy doesn’t make the grade, then ‘file’ it for future reference.

You will have heard the old saying “If it ain’t broke don’t try to fix it” so you should not be too hasty to discard a particular betting method if it returns a losing month.

However, there is also the teaching “Don’t throw good money after bad”. If a system has earned a place in your portfolio by performing well for two months, then it makes sense to allow it two poor months before even considering it should be relegated. That said, if you are not happy with a system and it is losing money, then get rid of it!

Summary

Develop a portfolio of betting strategies to spread your risk and maintain a regular net income. Use a combination of your own personal methods, purchased systems, and subscription tipsters. Constantly review your profitability to highlight any under-performing strategies.

A look at all 14 of Zenyatta’s career wins, from Maiden Special Weight to her historic triumph in the 2009 Breeders’ Cup Classic. UPDATE – Zenyatta is back, and better than ever. She reeled off wins #15 and #16 to start 2010. Where will she go next? Be sure to watch TVG for the latest on Zenyatta, and you can bet on her when she runs at www.tvg.com Visit the TVG Community at http to talk about this champion mare and all things related to thoroughbred racing.

Many people have discovered betfair trading to earn good amount of money. If you are a newbie in the world of betfair trading, then you need to know some of its tactics. Apart from laying and backing odds, you have many more options to consider.

Betfair trading on horseracing implies either lay them to ensure high profit or lay odds and then back them to lower your profit level. The main rule here is to lay low and back high. It does not matter which system of betting you choose to do first.

Betfair trading on horse racing is a lucrative method to earn money, but at the same time it is not so easy. There are various different markets available for you to trade, but the most popular that all people wish to do is just on horse racing. As it is simple and you just need to watch the screen of your computer for several hours to earn bucks. This kind of trading is fast-paced and enjoyable, if you do properly.

Earning Potential:

Some of the successful experts of betfair training claim to make about £1000 each week from horseracing betfair trade. Even, people have seen punters, who even made more than expected from this lucrative opportunity. However, you need to understand that, it also needs around £1000 to invest. This means, if you wish to earn £1000 each week, then you need to invest £1000 to start with. With regards to how to get in this trading line, you can take help of some useful web sites on the Internet that offers you with trading resources and tutorials to help you out.

The lowest bet amount on this betfair system is £2, but betting under £2 is simple. Placing a bet under this category is very useful, since it lets you to verify strategies without committing loads of money. Betfair trading is mainly placing a bet on the progression of a horse price. If you believe that a horse price will come down, then you can back it at the moment and lay it afterwards at minimum amount.

So long as the horse’s price is in motion of your expected direction, you can achieve an immediate and lucrative income. You can go over this trading process many times within a single event. Either wait until there is a change in the price of the horse or ask for the closing price that you expect and wait until it matches with your price. Indeed, you can modify the horse price and stake any time as per your wish.

Overview:

It is not necessary for you to lend any amount for covering the closing bet. In addition, you can benefit from a cheap commission liability that is payable, when you make profit from overall market, as opposed to the winning profit selection.

To sum up, whatever area of betfair trading that you want to specialize in, if you are serious about being successful, then definitely you will win and achieve desired income.

Author: Max Redd http://www.reddracing.co.uk

This is the third instalment in a series of articles on profitable betting through sensible money management. So far, I have discussed the importance of getting value when you bet, to maximise the returns you achieve when your selections win. In the most recent article you should have learned to keep your stakes in proportion to the size of your betting bank.

Today I want to examine a common mistake that often gets punters into serious trouble – chasing your losses.

I don’t think there can be many of us who have not at some time, decided to get back what we just lost by betting a little bigger on the next race. It is sometimes known as progressive staking.

Let’s take a simple scenario: you bet £10 on Red Rum, and he loses. What do you do? Perhaps you continue with your selection methods and come up with another pick in the next race – Best Mate. The price is 6/4F

But, rather than putting another £10 bet on Best Mate, you decide to ‘chase’ your loss from the last race. You add another £7 to your stake so that when Best Mate wins you will pick up an extra £10.50 to recover the bet you lost on Red Rum. Good plan? Could be, after all Best Mate is a sure fire winner, right? May be. May be not!

What happens if Best Mate loses? You are now £27 ‘in the hole’. But you still have a plan. Your next selection is a dead cert winner at Even money. You place your usual £10 stake plus an extra £27 to cover your losses so far. No need to worry. When this one comes in, you will have re-couped your losses and have a £10 profit to show as well.

Let’s take a step back here. You are staking £37 to win a £10 profit. Think about it – you are effectively getting odds of only around 1 to 4 odds-on about a horse that is Even money in the market. That is terrible value!

You may escape this time and your horse may well win. But what if, heaven forbid, your red-hot even money favourite fails to win? After just three bets, you are down to the tune of £64 when your normal stake is just a tenner!

Long losing runs do occur, more frequently than you might think, and even with short-priced selections.

If you spent a day in a casino at the roulette tables, and analysed how many times you witnessed a run of 7 or 8 consecutive ‘red’ numbers, I would not be at all surprised if you saw this happen four or five times – in a single day. Here we have pretty much a 50/50 bet, even money, that the roulette ball will land in either a red or a black slot. Yet I was amazed to learn that the longest run of the same colour (reported) was THIRTY-NINE consecutive reds!!

Imagine if you were betting on black, and saying to yourself each time “no worries, it’s got to be black next time…. Surely?”

But let’s go back to the more common occurrence of a losing run of 7 even money bets. We will be betting on the red.

We place a £1 bet on the first spin. It’s black. We chase our loss by ‘doubling up’ and next bet £2. If we were to carry on in this manner, after 6 spins we would be betting £64 to win our original £1

I sincerely hope my point is getting across. By chasing your losses you can very quickly see your stakes climbing to preposterous levels, to win your original, relatively small stake. The risk is way out of proportion compared to the potential reward.

One last example to really ram the point home. The Racing Post runs a tipster competition. All the leading racing journalists are involved, representing the nation’s newspapers and horse racing publications. These are experts at tipping horses. Take a look at the results table any day, and see for yourself the longest losing run. Remember, these are the experts.

I looked today, and Racing Post PostData has suffered this season a losing run of twenty-seven. Twenty-seven consecutive losers from an expert tipster! And believe me, he is not on his own, just the worst offender this season so far.

There is an old saying – “Don’t throw good money after bad”. If your selections don’t make a profit from simple level stakes betting, don’t try and make them profitable by throwing more money at them. You may survive with a profit for a while, but this approach is a disaster waiting to happen. Sooner or later you WILL blow your entire bank chasing a disproportionately small profit.

If your selections don’t make a profit from simple level stakes betting, change your system.

I can tell many people how to be more successful and win more money at the horse races just by doing one thing. One of the factors in betting that many people overlook is the track takeout, also known as the “vig.” Vig, short for vigorish, or takeout, is the amount of money deducted from the pools before all winning bets are paid. For instance, if there is a total of $10,000 bet to win on all the horses in a single race, that becomes the win pool.

When the people who played the winner are paid off, they get to divide that pool, but only after the track has deducted a certain amount of money that is governed by the laws of the state. There is also something called “breakage,” which we will discuss in another article. For now, let’s talk about the variations from state to state in the amounts of money that race tracks deduct from the pools.

First of all, almost all venues take a higher percentage from the exotic betting pools than the straight bet pools. Straights are win-place-show, while exotics are wagers that include more than one runner; exactas, trifectas, daily doubles, pick threes, etc. California is an example of a state that allows more of a takeout on exotics. In California the takeout allowed by law on straight bets is 15% (this is very modest compared to some states) while the exotics are subject to the 15% plus an additional 4.75%. When you are trying to show a profit, that 4.75% can make a big difference and may make you want to consider straight bets instead of the flashier but more expensive wagers like exactas and trifectas.

Let’s take a hypothetical situation and look at what the differences in state laws regarding takeouts can mean to you the consumer. Let’s say that Bob the Bettor goes to his local otb parlor three times a week and makes $100 worth of wagers each time. In the course of a year he will have wagered a total of $15,600. Of course, that doesn’t mean he lost it all, in fact maybe he is a pretty good horse picker and losing slowly over time, and he loses about $1,560 or about 10%, in a year.

Bob likes to play the races in sunny Arizona because they start later in the day than the East Coast horse tracks so he has more time to handicap his program. The problem is that the tracks in Arizona are allowed by state law to deduct a whopping 25% on straight wagers and 30%-35% on exotics. So of the $100 that he wagers each day Bob is paying a minimum of $25. In the course of a year it costs him $3,900 to play the ponies. It costs Bob $25 each day to play, but one simple change could reduce that to $15, a savings of $10 per day.

If Bob likes to play a track that starts later in the day, he could switch to the Southern California tracks and pay only 15% on his bets. Instead of costing him $3,900 his wagers will now cost $2,340. That is a savings of $1,560! At the end of the year he will be ahead over $1500 and all he had to do was be a wise consumer. For the casual bettor this may or may not be a big concern, though I don’t know why it wouldn’t, since whether your wagers are casual or not it is still real money, your money.

Professional gamblers need to use every means at their disposal to make a profit, after all, it is their livelihood. If you are seriously playing the races and trying to make a profit you need to be a wise consumer. If enough people spend their money where they get the best deal, the management and state legislators will take notice and start to give you a better deal. There is a lot of competition for the gambling dollar right now and many states depend upon that income to fund their programs. Make them compete for your money and you’ll get a better deal.

Playing the horses can be fun, exciting, and even profitable, but like any other activity involving money, it can involve unnecessary waste and loss. If you want more information check out a list of track takeouts by state. Also, if you want a better deal, call, email or write to the state legislators and let them know how you feel about the deal you’re getting in every state that has a race track that you want to play. They make the laws and will yield to financial pressure.

If you gamble on horse races then you are always looking for that elusive something that will help you select winning bet after winning bet. Whether such a thing actually exists is very open to question but every gambler thinks that it just might be out there somewhere.

It is this thought that many so called tipsters rely upon to get punters to part with their money for supposed expert tips. Sadly most of us come away from such offers sadly disappointed. They do not provide that pot of gold we seek.

In this article I want to tell you about a tipping scam which seems to come around with a fair regularity. It is not a new scam but it still manages to part a lot of people from their money whenever it is used. Basically the scam works like this. On a Tuesday or Wednesday you receive a letter telling you that the tipster knows of a horse running next Saturday that is nailed on. IT CANNOT LOSE. Everyone is going to have their money on it, the owner, the trainer, the stable lads and the trainer’s dog.

This is the big one, but the trainer cannot tell you the horses name until Saturday for fear of it affecting the horse’s starting price? However, if you telephone on Saturday morning he will give you the name of the horse for free out of the kindness of his heart. They are such generous people tipsters!

Saturday comes, you telephone and they take your name and then give you the name of the horse. This is all very simple all very quick. All you have to do then is place your bet and wait.

One of two things will happen. The horse will win or the horse will lose. (There are no other options). If the horse is a winner you can expect a letter the next week telling you that by providing you with a winner the tipster has shown what a wonderful person he is and you should invest in his tipping service immediately. And lets face it who isn’t going to join his service if he can churn out winners like that, he must have inside information and good contacts.

Now if your horse lost you will get a letter explaining that the horse was “under the weather”, or the going did not suit or the jockey forgot his lucky underpants. There will always be a good reason. But don’t lose heart because our tipster has got another horse for next Saturday which is even better than last weeks and again phone on Saturday and he will tell you the horses name for free.

So far it does not seem much of a scam but let m explain what is actually happening.The reason the tipster will not give out a horses named until Saturday is because he is looking for a particular set of circumstances. A race with no more than 7 or 8 runners, where there are only 3 or 4 horses with a real chance of winning.

Having selected the race and the 3 or 4 possible winners all that happens is as people call they are given one of the four horses names. This is done in sequence so if 100 people telephone 25 will be given the name of horse A, 25 horse B and so on. This means that baring a real unexpected result at least 25 people will have been tipped the winner.

These are the ones that will be invited to join the Tipsters service, the other 75% will get the offer of a second tip. Of these 75 at least 18 or 19 will get tipped a winner the following Saturday.

Just think about it if the tipster uses a mailing list and offers 1000 punters the initial free tip offer possibly as many as 500 might respond which means 125 will be tipped the winner. If less than half of these sign up for a £100 service it would still bring in around £6,000 for the cost of the mail shot. (about £500).

Make sure that you do not fall for this scam and keep your money in your pocket.

Beware of free tips as my old grandfather used to say you get nothing for nothing and even then the price can be expensive,

If you want to make regular profits from betting, you will need to follow some simple and easy football betting tips. You should not bet without knowing the details of game, players and their strategies. Sometimes people study the game for years before they start earning from betting, however if you follow the football betting tips, you can make a constant profit each and every time you bet.

There are some secrets associated with the football betting and you need to crack those secrets so that you can make regular profits from the system. Football betting secrets especially if provided by an ex employee of internationally renowned bookmaker seems to be most genuine and reliable. Betting systems have some secrets and loopholes and once you understand these secrets and loopholes, you can bet in a better way so that you get profit from the betting.

There are few best football betting systems available and on your behalf all the pros and cons of a particular bet is evaluated by the system and you get football betting tips so that you make money once and always. You can become the member of such as system and can thus get regular football betting tips so that you can earn profits regularly.

A few online football betting systems are easily available on Internet and by paying a fixed nominal monthly amount, you get football betting tips for the entire month. Although a plenty of such systems are now a days available, however only few are run by the past employees having enough experience as well as are well aware about each and every secrets and loopholes the system has therefore the football betting tips provided by these people are much more accurate and can bring profit up to the tune of 80% of the bet amount.

So, if you want to make a regular profit from football betting, take the football betting tips from online systems and get paid regularly and even some of the systems can provide you free tips for the initial seven days. Grab the golden opportunity and start earning from football betting right now.

Football betting systems are now becoming the major activities amidst the enthusiasts of football. Football betting has become an easy way to earn cash, have fun filled time and at the same time enjoy the games with a different feel. To be much more precise, football betting could become a known game activity for all football fans.

However football betting is definitely not for all. The only reason is that, you will need to take conscious risks that may even go opposite of you. The risks may be sometimes small, but sometimes big too in such a way that you may be unable to manage your expenses made over your bet. Risks are present always in every part of your life and it also helps to know what kind of risk you have taken and how you came out of that.

Understanding the game is the first and foremost step in learning the systems of football betting. In order to understand the rules & regulations that are imposed over the football game, you are required to watch the football matches regularly. And further more take notes on the result of every football game. By doing this, you will come to know, the ways the winner may adopt in playing. If you learn that secret you are sure to win the bet. Furthermore player’s injury and other special twists may affect the outcome of the game.

One famous football betting system is the “picks”. The picks are the special and kind comments and predictions that the football experts make on regular basis in order to inform the bettors for the probable outcome of the game and also list out the special circumstances that come about.

How to win the bet in league games?

Betting on league games is a long run investment. Base on my first article – “Simple Theory for Soccer Betting”, the strategy used is focus on strong team when they were in good form and moving up. Punters have to bear in mind that strong team have the highest possibility to be on top at the end of league game. You can refer to the statistics table to find out how the strong teams perform in last season.

How to bet in tournament games?

In tournament games, a team can be kicked out if they lose. Therefore, the outcome is instant. Although it is long way to see the winner but we could know the loser on the spot if they lose. Base on “Simple theory for soccer betting”, we should always go for strong team and focus on up trend. However in tournament betting, we are not looking on the up trend issue. In contrast, we look more important in down trend in situation when a strong team survive to get point. If a strong team hungers for point, it is time for them to win especially in qualifying stage. Why? Fans and supporters are always source of income for clubs and players. Popular strong teams must maintain their reputation and responsible to their fans so they must at least try not to be kicked out at early stage.

In a nutshell, we should only bet on a strong team when they have stronger strength and the need to qualify. On the other hand, punters should observe at early stages and only put their bets in last two rounds of qualifying stage.