| Are you a 'mug punter'
or an investor in the gambling industry? An important question
to ask yourself right now. The below may help you focus on a successful
future within the gambling industry.
Too many gamblers spend hours
each day 'punting' on events with little or no thought about why
they have selected to back a particular outcome. They are often
trying to recover the losses from an earlier bet and have entered
'panic mode'. They usually have no sensible staking plan in operation
and use random stakes depending upon how good a feeling they have
about a particular outcome. They are very often wrong!
Their selections are made on weak
criteria like 'gut feeling' or by picking the next low priced
favourite which is 'surely going to win'. Sadly, these types of
gamblers usually end up lining the bookmakers pockets with loads
of cash and often end up in financial ruin with an empty betting
The majority of successful gamblers are also investors. They
only 'invest' in selections that offer true value and when combined
with a good staking plan will give a healthy return over time.
They may only place 1 or 2 bets per day. On some days, there may
not be a suitable value bet to place and on such days, successful
gambling investors will NOT be tempted into placing bets.
A very key point is that most successful gamblers make their
profits over time and only the lucky few strike it rich overnight.
Investors in gambling don't worry about the size of their betting
banks at the end of each day, week or even month. They know that
they are investing over a longer term like 3, 6 or more commonly
12 months. They don't worry if by month 2 their betting bank is
lower than when they started out as their sensible selection process
and staking plan will see them in good profit long term.
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We strongly recommend that all gamblers ensure that they are
in full control of their betting bank and adopt a safe, reliable
and flexible staking plan. A good staking plan can make the difference
between good profits and terrible loses. Very Important:
Only ever gamble with money you can afford to lose!
It is not advisable to 'break the rules' of your staking plan
at any time, even if you have what you believe is a 'sure bet',
as it is there to protect your money and ensure you are
in control. So often gamblers fail to make regular profits simply
because they are adjusting their stakes randomly and sods law
says that when you are putting down larger amounts than your staking
plan recommends, the selection(s) will lose !
Whether you have your own system for picking selections or use
a tipping service, using a safe and
reliable staking plan is key to your success. Once again, we strongly
recommend that your betting bank is only made up of money you
can afford to lose