Betting Surgery - Gambling and Betting Advice

As mentioned in Session 3 below, this is a link to Canbet, one of the better bookies who offer value, and odds above starting price. One great thing they offer is a 25% rebate on any net losses. Yes, you heard that right, they give you 25% cash back if you happen to make a loss in a months betting. Click through to Canbet to see the detail.

Hi and welcome to our Betting Surgery.

Today, we are giving you some Golden Rules of successful betting.

Golden Rules of Betting

1 Slowly slowly catchee monkey
2 Look for value
3 Never bet more than you can afford to lose
4 Keep a record of your bets
5 Keep to the staking plan
6 If you have a system you are betting, don't go outside the rules
7 Don't always use one bookmaker. Use bookmakers who offer value better than starting price
8 Never chase your losses
9 Never chase your losses
10 Never chase your losses

Did I say that last bit enough times? I say it to myself everyday, and at least once a week I chase my losses, and come out worse. It’s the instinct of the mug punter, of which I’m trying to rid myself of the virus, but having been one between the age of sixteen to about five years ago its hard work. The way I try and overcome the urge is to look back at my betting records and stick to the staking plan. If the system you are using to pick your horses is sound then you can see from your records that the winners and profits will come eventually, you just need to bide your time.

The number one rule “Slowly slowly catchee monkey” really means; take your time, small bets, don’t rush, build up slowly, take some profits for your hard work and buy something nice to enjoy, because betting is hard work. If you try and be greedy you will fail. You might win one big bet, but you will put that all back on the next bets. Bet slowly in small amounts, and if you don't find value, don't bet. There is always another day, and better opportunities.

Use several bookmakers, and find ones who offer value by offering odds above Starting Price, for example Canbet (see link above). Bet just before the race start. I usually do three minutes before if I’m using the mobile to call as they get busy before the off, or I wait until about one minute before if I’m online. You will on average get better odds than starting price. And when you win on the big priced horses you’ll be amazed how much better.

The maths of betting looks complex, but a few pointers can help you see value. For example, a horse that is 2/1 starting price has a 33% chance of winning, according to the major bookies. What most people forget is that the bookie is there to make profit, so he has factored in a little bit for himself, called an over round or percentage book. If you looked back at the statistics of all the 2/1 winners, you will see that the actual percentage is just over 31%. Converting that to a price (1/0.31) gives you 3.2 or 2.2/1. On the better bookies sites, there is a smaller over round, so you should be getting better than starting price.

That's all for now and good luck,

Betting Surgery