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There Are No Certainties In Betting – Part 1

by Kelly on February 24, 2010

<< Betfair ATM  There Are No Certainties In Betting - Part 2 >>

Brought to you by Jonathan Burgess of Race Specialist.

However, if you are disciplined and can follow a proven plan, there is good chance that with effort, patience and belief you can increase profits consistently.

One of the most important elements you must consider when betting is a correctly calibrated betting bank. This bank must be able to sustain any kind of losing sequence. When backing horses the bank must be able to absorb frequent losing runs, even though you are only wasting one point on each loser. Conversely when laying horses it must be able to survive when a few winners are encountered, as you are losing more than one point on each losing bet. Ultimately you need to obtain value on each bet.

These patterns in time determine if a profit or loss is eventually made.

Every race should be viewed as a singular event, so a bet should never be wagered without knowing the result of the previous race, especially if you are lay betting

The main problem associated with laying horses is losing bets can take sizeable chunks of your betting bank. Everyone knows outsiders win on a daily basis; if you’re unlucky enough to lay one, or worse, two of these types then any profits you have built up over the week can be decimated instantly. Even when laying at just £10 stakes things can get out of hand pretty quickly.

Whether you are new or a more seasoned layer it’s definitely worth bearing in mind the pitfalls of laying outsiders. So in the beginning for your own sanity keep stakes to an absolute minimum, that way not only will you be able to afford the odd loser here and there, but you also get an emotional feel of what it’s like to lose more than your initial stake money. You can then make some informed decisions on whether or not laying is for you.

Contrary to popular belief some punters simply aren’t suited to this kind of betting at all, it really is a case of finding something that suits your own comfort zone. Just because a system that lays outsiders has been profitable for a few weeks that doesn’t necessarily mean you’ll be emotionally suited to it. There maybe losing runs which test your nerves and betting bank to the point where the thought of placing the next bet is one of utter fear.

This type of betting is demoralizing and very few punters can handle it, despite what the online nonsense peddlers are claiming.

There Are No Certainties In Betting – Part 2
There Are No Certainties In Betting – Part 3
There Are No Certainties In Betting – Part 4

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Related posts:

  1. Always Take A Profit (Laying) – Part 1
  2. Always Take A Profit (Laying) – Part 2
  3. To Bet Or Not To Bet – Part 4
  4. Laying to Profit
  5. New Years Resolutions – Part 4

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