2006-Oct-24
10 Important Gambling Principles
Hello and welcome!
In this post I've decided to list ten important principles we all need to remember if we are to make money from gambling. Sometimes its good just to recap the essentials that combine to create success.
In no particular order they are...
- Use a betting bank and seperate your betting bank from everything else. It's crucial to succeeding in betting
- Don't make a bet for the sake of it.
- Never bet with money you can't afford to lose.
- If by the end of the year, you've only earned 3% profit, don't get down. You've outperformed 95% of punters out there, earned more than you would if your money was in a bank and had some fun in the process.
- Chasing losses is unprofessional and can only lead to catastrophe. Don't do it.
- Make sure you are finding value bets. That's the only way you can ever make a long-term profit.
- Measure your profits in years (as opposed to days).
- Keep written records of every bet you take.
- GBO. Get The Best Odds. If you don't, you're stealing money from yourself and giving it to the bookie.
- Don't gamble 'under the influence'. The consequences can be devastating to your finances.
I hope you enjoyed them.
Have a good one,
Josh.
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