Sport is made for betting

Not the first one and certainly won't be the last one. BBC article Too many 'experts' in the media might be great tipsters, but as money managers they are completely undisciplined. The guy I thought was the best judge on Melbourne racing used to act like a desperate in PubTABs (betting agencies inside a pub) on a Friday afternoon, traditionally some of the worst quality racing in Australia. It made it very hard to take his advice seriously even though you knew his judgement calls were well researched. 95+% of punters lose overall, the ones doing it for a living in the media generally aren't the guys who are winning - otherwise why would they need a job?

What a surprise. Inside an ultra-greedy bank, one of its traders gets way in above his head and loses the firm £3.65 billion, far surpassing the Nick Leeson effort in the early 90s with Barings Bank. The only thing that surprises me about this is that there are not more cases of this. People with addictions can be found in all walks of life. Too many people with addictive personalities get into gambling when it really is something they should steer well clear of. And all financial trading is is another form of gambling.... This trader has speculated, got it wrong, cooked the books to cover his tracks while he gambled more to solve the problem. And then the hole he dug in the first place got worse...and worse... and worse. The biggest mistake people make when betting is trying to chase losses - all it will do is send you to the poor house mighty quickly. Discipline is the most important trait for betting. Sometimes it just isn't your day - recognise it early and stop for the day. Wa...

From an American college sports betting forum - similar to many of the previous ones I've posted. When looking back at a year of college football, and necessarily college football betting, gone by it is easy to note some of the mistakes we have made in attempts to increase our bankroll. Though most folks who have bet for a long period of time should have overcome all of these pratfalls (especially if they hope to be at all successful) I see entirely too many betting "Veterans" make these "Rookie" mistakes. So collected here for you today are "Bryan Mulroney’s Sports Betting Maxims" (Use them and prosper or ignore them at your peril.) 1. Always be in control This is maxim #1 because it is the paramount virtue of all bettors. Betting should not be done on a whim or just to have some cash riding on the game (unless you are chalking up the $10 wager as an entertainment expense.) When betting games you should be sober, clear...

Part II of that article from PPM (26) REALITY CHECK When betting, learn early that you can’t back the winner of every race. If you’re really good at selecting, you may back about three winners every 10 bets. More than that, and you really are doing exceptionally well. Not that MASS of winners means profit. If you’re getting 40 per cent winners at evens, you’re losing 20 cents in the dollar. You need ANY AMOUNT of winners whose odds total enough to give you a profit. Thus, if you can get 20 per cent winners, you need an average price per winner of 4/1 to break even, and 5/1 to make 20 per cent profit. This is a tough ask. It can be done, but it’s tough. It needs work, which I’ve stressed as one of the ways you can hit top gear . . . through hard work. (learn the maths of betting and how many winners you need to pick - this is vital) (27) CHECK OUT THE CHARTS What do I mean by the charts? I’m talking of the turn-and-finish pictures in the Sportsman, which cover...

I don't mind betting on the races, but it's no longer what I focus on. Here are some betting rules proposed in a leading Australian punting magazine, with my comments interspersed in red. 50 WAYS TO HIT TOP GEAR By Richard Hartley Jnr Courtesy of Practical Punting Monthly Australia’s Favourite Racing Magazine www.practicalpunting.com.au As punters I think we spend an awful lot of time dreaming up new ways to win, or perhaps just new ways to lose! Punters are, in the main, optimists and dreamers and receptive to new ideas, advice and re-programming. Trouble is, much of what they seek and find they then proceed to ignore. Going back to old habits, even bad ones, often seems easier than trying to meet the challenge of something new and unknown. For those of you seeking some revolutionary breakthrough, I am afraid this article will not be what you want. However, I fervently believe that you will be able to learn something to your advantage. Basically, I’ll be passing on some co...