Category Archives: Bet gambling

8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports by Keith Driscoll

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

Search the web for reviews on every product before parting with any money; ask people on forums which software is the best.

5. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.

So if you are looking for a relaxing life, do not take up betting as a profession. Betting Banks: If you do not have a betting bank to emergence with, and you are just betting from whatever is in your pocket, you will never make a profit. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will tell you the amount which is in each bank).

1. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. Use a number of systems, proven tipsters, method bets, etc. When you see tipping advertisers stating things like “We made $26,000 to $100 stakes in the last 12 months”, it looks sensational. Most professionals will emergence at 3%, but get it down to 1% as the bank grows.

This advice goes for betting in any country, on horseracing, greyhounds, soccer, NFL, poker, etc.

8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports

 by: Keith Driscoll

These days it is possible to receive horseracing software, poker software, etc that can facilitate you, they will only make you hard cash if you are already doing so, they just enhance your skills, not make them. When you see professional poker players they are spending 3-5 days at a table in a game every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer. . Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. And how innumerable average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. The best way to treat fun bets is to handle them as you would any pro bets. They spread it around, and so should you. Building up you betting banks takes time a lot of time.

8. You may have a spare $10,000 available, but prove you can profit with a $1000 bank maiden, and then add to the bank monthly.

Most folk are under the opinion that professional gamblers have one bet, play one game of poker, or some other form of gambling, and then collect the winnings and go back to their big mansion for a few months rest, before having another gamble!!

4. Risk Management: Most people follow one tipster, or one system. Separate betting bank, list all bets, and it will not be long before you lose the bank and realise how wonderful your own tipping is!

So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever making money from gambling.

You can also find innumerable free horse racing systems, staking systems, poker systems, on the internet, ignore them, they are only free for a reason, as they lose hard cash.

Also think why various tipsters advertise every day. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of gambling maths in the real world. Forums: Join a forum where you can bite ideas, this can prove a powerful aid, but make sure it is a decent one, and not full of idiots just spouting off how good they are!

I pray it was like that, but in valid life it is vastly different. Anyone who tells you otherwise is possibly lying just to receive your hard cash.

6. However, they need to receive your attention as a 1/8th ad in a paper costs around $500, and they need that money back before turning a profit. Fun Bets: You are often told not to do any ‘fun bets’ if you wish to turn professional, but this will not happen, as it is hard to break old habits at first. Then divide the $26,000 by the $100 to work out how many points you make a year, and that is 260, then divide by 52 to see how numerous points profit a week, and that comes to 5pts a week. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful hard cash. This is because they have such a considerable turnover; they need to keep replenishing the customer base. Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. Most punters lie to themselves that they are breaking even. Alcohol: NEVER drink while betting, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.

3. That may not sound much but you have to learn to walk before you can run. Patience: If you want big profits now, try the lottery. Always onset with levels, if you cannot make hard cash with that simple staking plan you will not make bankroll with anything more complicated. If you cannot profit with 10c bets, how the hell will you see here


A Better Betting System

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

The corner horses were in 3 trebles (horizontal vertical and one diagonal).It was called Union Jack because if you draw straight lines for the trebles you form a Union Jack pattern. Provided the odds were good an “each way” bet was guaranteed to make a profit even if the horse did not win.

Some did single bets to win only.

To my mind, there was enormous difficulty in working out 3 or 4 or 5 horses which were all likely to win on the same day. The pattern betters seemed unable to change their patterns, so their last horse was usually a loser.

One of his difficulties was that he worked. He would come in at lunch time and bet, and come in to collect the next day if he won. Quite often it was easy to find a horse that was likely to win, but the odds were poor because it was an obvious likely winner.

Others did single “each way ” bets only. If you bet £10 each way at 20 to 1, your “win” £10 might lose but your “place” £10 might win £50.

A Yankee involved 4 horses and a Super Yankee 5 horses. The bets were a treble, 3 doubles, and 3 singles.

His other problem is that he did not know the odds. The horse that was certain to win was in the centre, because it was in four trebles.(vertical, horizontal , and the two diagonals). I never saw a Union Jack win more than it had cost for the stake.

Betting Systems

I noticed that many punters used the same system all the time.

A successful better

I studied the punter who won on Patents. He might see a horse forecast of 20-1 which actually started at 3 – 1, which was potentially disastrous.

Quite often the odds were too short for my “each way” bet to return a guaranteed profit, so I did not bet.

I never found two horses I was red hot confident on, let alone three!

The temptation to bet just because I was in a betting shop was strong. If all three won, he won so much that sometimes the shop manager paid him by cheque because we did not have enough cash in the betting shop.

Quite a few were pattern betters. When he could, he bet a significant amount – more than I earned in a week.. I always won.My horses never did.

I would look at the runners and look at the form book. If only one won he more than recovered his stake. The newspapers carried betting forecasts but these were often wildly out. An “each way” bet is two bets – one for a win and the other for a place including first.There was a formula.for the odds for a second or third on an “each way” bet. If the odds were good I would place my “each way” bet, and if they were not, I did not bet.

Why stop?

I got tired of going to the betting shop, waiting for the odds, and going away without bettimg.

Good luck!

Nowadays I could do telephone betting from home, but if you are too successful the bookies bar you.

I have other uses for my time. They would be first second or third without doubt. Not only did he bet with long odds, all the horses were “each way” bets, which meant that quite often he was successful even though every horse came second or third.

My horses never won – but I did

On my day off, if I had identified a horse that would end “in the frame”, I would go to a bookie and wait for the odds to come from the racecourse. Depending on the number of horses in the race you might win between a third and a fifth on your original stake. If this system works for you, and you want to show your appreciation, please make a donation to the Injured Jockeys Fund.

I decided to look for horses that were likely to finish “in the frame”. They always did a Patent or a Yankee or a Super Yankee or a Union Jack.

Charlie’s variation

I decided that betting at “starting price” when I did not know what the starting price would be was potential suicide. There were whole weeks when he did not come in, because he could not predict 3 horses at good odds. I recognised that betting on three horses was potentially very profitable – but only if the horses did well.

I had a fright once, when my horse came in fourth. Once you start doing that you are just a punter.

I had a system, the system worked, but I got fed up with a system that required such self discipline.

A Patent involved 3 horses. A Union Jack involved 9 horses set out in 3 lines. Fortunately the first horse was disqualified, so I got paid. The bets were all trebles. He had to bet “starting price” but had no idea what the starting price would be. I noticed one punter used to bet on Patents where all the horses were at high odds see here


Where to Turn When Gambling Debt Gets Out of Hand

Charlie Goodwin

Charlie Goodwin

Sports betting can add excitement and fun to any game and will keep you on the edge of your seat throughout! Please remember, never give up as you have chosen one of the best businesses you could ever get into!
Charlie Goodwin

Latest posts by Charlie Goodwin (see all)

Most Medicine Hat bankruptcy lawyers will provide free consultations and let you know whether or not bankruptcy is a good option for you or not.

This should be the very last resort.

There are many gambling support groups, including Gamblers Anonymous and Recoveries Anonymous. Once you overcome your compulsive gambling, you will be better prepared to take control of your finances.

If you are experiencing a number of financial warning signs, or if you no longer have money left over each month to pay the bills, your debt may truly be out of hand. In addition, support groups can also guide you to reputable outside sources, including debt consolidation or debt counseling companies, which can also help you with your financial planning.

Professional Help for Gambling Debt

Bankruptcy

Learn how Bankruptcy Trustee can help you today with filing bankruptcy in Calgary.

Credit counseling organizations, such as Credit Counseling Canada, work with people who are in debt to help educate them in paying down their debts and managing their finances. Stop by Bromwich & Smith, Inc.’s site where you can explore their educational resources.. While you don’t lose everything in a bankruptcy, you could potentially lose your home (or at least a significant portion of the equity), your vehicles, and other possessions, depending on the Province in which you reside. If you are threatened by a loan shark or other lender or otherwise feel harassed, it’s important to call the police.

About Krista McDonald

Support group

A debt consolidation company can also work on your behalf to negotiate lower rates with creditors or to freeze interest rates. Often, under-the-table lending is not covered under bankruptcy laws and is frequently coupled with very high interest rates. Credit Counseling

Regardless of where you turn to help you with your gambling debt, whether you opt to manage it yourself or go to a professional organization for assistance, it’s important to get help for the root cause of the problem–the gambling itself. With this method, you take out one loan, which is used to pay off your debts. They then arrange for you to pay them one monthly payment and distribute it to your debtors accordingly.

Debt consolidation

Debt consolidation is a way to combine your debt into one monthly payment as opposed to multiple payments each month. When you file bankruptcy, you agree to give up the majority of your assets to a trustee assigned to your case, who is turn sells them to settle your gambling debts. This is different from a debt consolidation loan because the debt consolidation company does not loan you money. It’s important to weigh the pros and cons of debt consolidation before opting for it. If you opt for credit counseling, make sure you go with an organization that is accredited and non-for-profit. In this case, a number of resources exist to help you handle your gambling debt:

It’s also important to note that some gamblers incur gambling debts from disreputable lenders or loan sharks. From there, you make one payment each month. Steer clear of any organization that requires large fees or asks you to make your debt payments to them. Not only do these groups help support their members through gambling recovery, but they also provide counseling and tips for getting debt under control see here