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Top 10 Gambling mistakes that Punters make

Gambler losing

Gambler on a losing run!

I have been involved in the gambling industry for over 30 years now,and i still see punters making the silly mistakes that sees them lose money to a bookmaker when the cash could be in their pocket or a bank account.This article is about the top 10 gambling mistakes that are most common and what you should avoid doing if you want to make your betting pay longterm.It can be a very good source of entertainment if you know what your limits are,and you know how much you can afford to lose in a balanced lifestyle.

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1.Betting more than you can afford to lose

This is the most common mistake that a gambler can make,as gambling can become addictive once you start getting a buzz after a few big wins and then go on a losing run where you can`t seem to back a winner to save your life.This is why it is very important to have self control and only bet what you can afford to lose after budgeting for all your other weekly expenses such as your mortgage/rent and shopping etc.

It can be a very good form of entertainment if you just bet within your means,but you must be aware that it is going to set your emotions off when you have a winner,where you feel very happy and content and on a high,but when you have a loser you are going to feel down and depressed.Most people who live a balanced lifestyle and only bet with what they can reasonably afford to lose can cope with these highs and lows,but a few people let their emotions get the better of them and try and win back the money they have lost the next day only to find that they have lost more money than they intended to,and some people actually go on to start gambling with their mortgage/rent money feeling sure that their luck will change.

If you feel you are not the sort of person who can control your emotions then you would be better off not placing any bets at all and finding some other form of entertainment,because believe me,this game is all about highs and lows and knowing when to call it a day!Once you start letting your emotions get the better of you,then you are on your way to been a compulsive gambler which can ruin your life and the lives of your friends and family.

Do you think you have a gambling problem?

If the answer is yes then you could need help and advice from an organization like Gambleaware who have advertisements on TV warning people about the dangers of betting more than than they can afford to lose,and you can watch one of their ads on youtube below:

 

2.Trying to chase your losses

I think every gambler is guilty of this mistake at some point in their career,whether an amateur or professional backer.It is very easy indeed in the heat of the moment when you have had a few losers on the bounce to carry on gambling to win back your losses,only to lose even more money.It is a very hard game to make consistent profits from,which is why you need to plan a good strategy and stick to it.You have always got to remember that there is always another day to try and win your losses back,when you know the time is right to strike.Patience is key,and will reward you in the longrun.It is very hard to live with yourself when you have tried to win your losses back the same day,and i should know as i am guilty of doing that on more than a few occasions.As you get older you learn from your silly mistakes,and try not to repeat them.This is where self control of your emotions is needed,as it is human nature to try and recover something that has been lost,and where you can let your heart rule your head,where you should have your head ruling your heart.You must have a clear mind before embarking on a gambling spree and no what your limits are and stick to them.

chasing your losses

Chasing your losses is a downward spiral

 

3.Not having a betting bank and staking plan

If you are new to the game and you do not have a betting bank and staking plan strategy,then it is odds on that you are going to start losing money.All professional gamblers have a betting bank (which is usually at least 40 x your normal bet),and also a staking plan,which could be 1 – 3 points or 1 – 5 points etc.Where 1 point would be equal to a normal bet,and 3 points or 5 points depending on which staking plan you are using would be a MAXIMUM BET.You only place maximum bets when you are doubly confident that a selection has got an extremely good chance of winning.If you just only backed selections who had an even money chance of winning (50/50),then the law of averages still says that you are going to encounter long sequences of losing runs,such as 8 losers on the bounce,and this is where the punter who has not got a betting bank runs out of money,as he thinks he is smarter than the average bear at picking winners so does not think he needs a betting bank.If a professional backer had a sequence of 8 losers on the bounce and he bet 1 point win on all 8 selections then he would be 8 points down.But if his betting bank was 40 points to begin with,then he would still have 32 more points to bet with until his luck started to change.

Betting bank

You need at least a 40 point betting bank

 

4.Following the “Steamer” of the day

The online bookmakers love punters who follow and back the “steamer” of the day,also known as the “public horse” of the day,as it is a very good money maker for them.It is usually a horse tipped up by well known tipsters in the morning at big prices like 33/1 etc,and throughout the day more and more people find out that this horse has been tipped to win,so a flood of money is placed on the horse at different prices throughout the day until it is a ridiculous low price minutes before the race.It may of been very good “value” for money first thing in the morning at a price of 33/1,but come race time it will be as low as 5/1 etc,and what amazes me is that punters are still prepared to back the horse at 5/1 thinking it is a good thing and can`t lose.I have seen several horses backed at 33/1 in the morning and go off as the 2/1 favourite and LOSE!If you are backing the steamer of the day at silly prices like 5/1 or 2/1,then you are getting very bad value for money and the odds are heavily in the bookmakers favour,as they always cut the odds on the steamer of the day to silly short prices.You are best leaving the horse alone if you are unable to get on at big prices,as you are bound to be out of pocket longterm if you are taking a very short price about a horse who has a true chance of winning that should be a lot higher.

steamer race horse

Not many 33/1 chances actually win!

 

5.Neglecting to use odds comparison sites to get the best value for money

If you are wanting your betting to pay longterm with consistent profits,then you really do need to be getting the best possible price about your selections.This means using odds comparison sites like Bestbetting.com,Oddschecker.com and Bookiesindex.com,where they show the current odds from about 20 different online bookmakers in real time.If you just use one bookmaker to bet with then you are not going to be getting the best possible odds on your selections,and it is best to have a portfolio of bookmaker accounts,so that you can place bets on your selections at the bookmaker who is offering the biggest odds.If you are wanting to be making consistent gains then you should only be placing bets when you can get on at a price that is slightly bigger than the true chance of winning odds are.Most professional gamblers only make 2% profit on turnover,and it is all about backing on selections who represent good “value” for money and are at bigger odds than their true chance of winning.When the online bookmakers price sporting events up,they usually take 10% – 20% out of the book.Which means that in theory they are not bothered who actually wins as they are always going to be 10% – 20% up after they have paid out any winnings on any particular sports event.If you do not seek out value by using odds comparison sites to get the best possible prices about your selections then you are not going to make longterm gains.A selection maybe 4/5 at William Hill,but at say Bet365 your selection maybe evens,which can make all the difference between making a loss or a profit longterm.

Bestbetting.com

Odds comparison site Bestbetting.com

 

6.Betting whilst drunk after drinking alcohol

The worst thing you can do is to gamble whilst under the influence of alcohol,as you will be not in control of your senses and more likely to make silly mistakes that could cost you a fortune and take you a long time to recover from.You need to promise yourself that you will never bet whilst drunk and keep to that promise.There is usually a pub near every high street bookmaker,so the temptation to have a drink and then pop into the betting shop afterwards to have a few bets is very easy.To make money in this game you need to have your wits about you at all times,and if you are under the influence of alcohol whilst betting then you are bound to lose money.

drunk gambler

Don`t bet whilst drunk!

 

7.Not staying calm after a big win!

After a big win your emotions are going to run havoc with you and you are going to be on such a high that you think more big wins are just round the corner,and that you can`t lose because you are smarter than the average bear in the woods.This is when a punter is at his most vulnerable,and a level head is called for.A lot of gamblers give what they have won back to the bookmakers the next day as they are unable to stay calm,cool and collected about having a big win and think they are about to go on a purple patch of good luck,so they gamble the next day and end up giving all their winnings back because they have been unable to control their emotions.A professional gambler just takes a big win in his stride and moves on to making his next strategic bet,as he has a longterm view and knows that it is just part of his job.

big win

It can stir your emotions having a Big Win!

 

8.Lack of research into your bets

If you are just using a pin to pick your selections out of the newspaper,then your betting bank is not going to last long,as the online bookmakers will soon take all your money.What you need to do on every bet is research the form.You may have good contacts in a horse racing stable and do not need to do any research,in which case you are in a very good position as you will be getting information that the online bookmakers do not know about and so you will be able to get bigger odds,backing horses at bigger prices than their true chance of winning really are,which is what this game is all about.Most punters do not have access to such private information though and it is a matter of doing many hours homework studying the form.It is like anything else in life,the more hard work you put into something then the bigger reward.The internet is a great source of information,so there are many tools that a punter can use to try and gain an edge on a bookmaker.To make longterm profits every punter needs about a 2% profit on turnover margin,so every bet placed must be at least 2% above the actual true chance of winning.If punters try start betting on bets which are bad value for money then they are going to lose longterm.

gambler studying form

You need to study the form on all your bets

 

9.Backing your favourite team to win

I think most punters are guilty of letting their hearts rule their heads and backing their favourite team to win a particular sports event.It could be your home town football club,your cricket team who you go to support every week or your local rugby team.These sorts of bets can hurt your betting bank as you are just betting for the sake of it and the bets you place are usually bad value for money.It can make a football match more exciting to watch if your team does win the match,but then again if they do not win then you are going to be out of pocket.Punters looking to make longterm gains have the self control not to back their favourite teams as they know it will lose them money in the longrun.If you must have a bet on your team then try to keep your stakes very low so that you do not lose too much out of your betting bank,as it is very hard to make the slightest profit in this game longterm as most gamblers will tell you.

Watching favourite team

Betting on your favourite team will lose you money longterm!

 

10.Not claiming every bookmaker free bet offer available

The online bookmakers free bet offers can be a great source of income if you are looking to top up your betting bank for a rainy day,or you have hit a losing run and are running short on funds to bet with.There is that much competition between online bookies to attract new customers to bet with them and not another rival bookmaker that they are forced into offering punters very generous promotional free betting offers.Punters can take advantage of these free bets in a big way if they know how to do matched betting.It sounds daunting but it is very easy to do,and can make you £1000 within a matter of days.All you have to do to bank the free bet bonus money on offer is place a bet at a bookmaker to qualify to receive a bonus (You usually have to place a bet at betting odds of evens or greater on your first bet when you open an account),and then “LAY” the same selection to lose at a betting exchange such as Betfair,which is the biggest betting exchange in the world or Betdaq,which is the second biggest exchange.By “backing” and “laying” the same selection,you are not going to win any money,and you are not going to lose any money,but once the sports event is over,we will have a free bet from a bookmaker to bet with,and there is nothing better than betting with a bookies money rather than your own hard earned cash.Once you get your free bet,you are not usually allowed to withdraw it until you have bet it at least once.We can overcome this very easily though.We simply place our free betting offer we have got from Ladbrokes,William Hill,Bet365,Coral,Betvictor etc. on a selection which we think has got no chance of winning at around the 5/1 – 10/1 mark at the bookmaker where we got our free bet from and then “lay” the same selection at either Betfair or Betdaq.If the selection does win (Very unlikely if your betting at odds of 5/1 – 10/1 on something to win) then we have just lost the free bet money and none of our own money,but if the selection does actually lose (Very highly likely if your betting on selections with odds of 5/1 – 10/1) then we win the free bet money at the betting exchange (minus the 2% – 5% commission charges they charge).It is really very easy to make £1000+ by claiming every bookie bonus offer this way and to maximize your profits you need to be claiming the very best bookmaker free betting offers from a site that has the G.P.W.A seal of approval like Bonus-Betting-Offers.com who update their site daily and have some exclusive offers for punters to claim.

Bonus Betting Offers

Bonus-Betting-Offers.com – Online bookmakers free bet offers

By:Gary Lester

Did you like this article?Have i missed anything out?Would you like me to write some more great articles like this?I would really appreciate your feedback about this article so please feel free to let me know any comments you may have.

 

 

 

 

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Birmingham City v Sheffield Wednesday Latest betting odds

KICK OFF 15:00BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Birmingham City and Sheffield Wednesday

Best betting odds available are:

Birmingham – 7/5 at WILLIAM HILL

Draw – 12/5 at BET365

Sheffield – 9/4 at CORAL

VERDICT:Both Birmingham City and Sheffield Wednesday are just above the drop zone,after terrible starts to the new football season.They are both big clubs who have many spectators filling their grounds and they both should be really pushing for promotion instead of been at the bottom of the league.With home advantage i will take the Brummies to win this match though and they are the tentative bet.

TIP:Birmingham City to win in 90 minutes 7/5 at William Hill (Use promo code F25 for a £25 free bet at William Hill and you can deposit as little as £5 to get a £5 free bet if you are only a small stakes gambler.They are a very good online bookmaker who have been around for ages and they have some really good betting odds on football matches and horse racing too)

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By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Charlton Athletic v Millwall Latest betting odds

KICK OFF 12:15BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Barnsley and Watford

Best betting odds available are:

Charlton – 5/4 at BETVICTOR

Draw – 5/2 at BETVICTOR

Millwall – 13/5 at CORAL

VERDICT:Both football teams are in the botton half of the table,and they will be both looking to win this match so that they start to climb up the league table,and because of this i can see it been a high scoring game with both teams playing attacking football leaving their defences open to a counter attack.With home advantage i would want a bigger price than the current 5/4 been offered on Charlton to win as i think they are very evenl matched,and the 13/5 been offered by Coral on Millwall to win looks like excellent value for money and they are my selection.

TIP:Millwall to win in 90 minutes 11/4 at Coral ( All new customers who open a sportsbook account can claim a £50 free bet with no promo code at Coral who are a top UK online bookmaker who have been well established for many decades so you know you will be betting with an online bookmaker you can trust if you bet with this bookie)

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By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Barnsley v Watford Latest betting odds

KICK OFF 15:00BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Barnsley and Watford

Best betting odds available are:

Barnsley – 14/5 at BETVICTOR

Draw – 11/4 at BETVICTOR

Watford – 11/10 at CORAL

VERDICT:Barnsley have made a very slow start to the new championship season,and now find themselves in the bottom 3 relegation places.They will be very keen to start moving up the league,and victory here should see them move up the table.Watford are very good outfit though,and they play some very entertaining football,as they have some quality players who would feel at home in the premier league and i can see this match ending in a 1-1 draw with Barnsley having home advantage.

TIP:Both teams to draw the match in 90 minutes 11/4 at Betvictor (It is a very big price on a draw in this football match and no promo code is required for a £25 free bet at Betvictor,who have some of the very best betting odds in the industry on football matches.They also have a very popular online casino,and every now and again they have a £10 no deposit free bet offer in their online casino)

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By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Blackpool v Leicester City Latest betting odds

KICK OFF 15:00BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Blackpool and Leicester City

Best betting odds available are:

Blackpool – 9/4 at BETVICTOR

Draw – 12/5 at LADBROKES

Leicester City – 6/4 at BETFRED

VERDICT:Blackpool will be looking to maintain the fine form that they are showing in the championship this year so that they can make a speedy return to the premier league,and they do play some very exciting football which is good to watch,but Leicester City have put together a very good squad this year,who are very happy playing at home or away and they will be very tough to beat,and the 6/4 odds been offered by the top UK online bookmaker Betfred on a City win look very tempting indeed in this match and they are the bet.

TIP:Leicester City to win in 90 minutes 6/4 at Betfred (You do not need a promotion code 2013 for a £10 no deposit free bet at Betfred who are a very good all round online bookmaker who have some of the best betting odds in the industry on football matches and horse racing too,and a bookie well worth using as your main sports betting account to place bets with.)

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By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Leeds United v Burnley Latest betting odds

KICK OFF 15:00BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Leeds United and Burnley

Best betting odds available are:

Leeds United – 5/4 at SKY BET

Draw – 5/2 at BET365

Burnley – 23/10 at LADBROKES

VERDICT:Leeds are always very hard to beat when they are playing at home,as they have very loyal fans who are very vocal and intimidate the away team with their noise and gestures.They are also starting to play some exciting attacking football with a new manager in place and they could be a very good bet at odds of 5/4 been offered by the top UK online bookmaker Sky bet,who also sponsor the championship this year.Burnley are likely to play for a draw by trying to keep a clean sheet,but i fancy the whites to go marching on to victory in this fixture.

TIP:Leeds to win in 90 minutes 5/4 at Sky Bet (No promo code 2013 needed for £10 completely free at Sky Bet who are a very good online bookmaker to place bets with as they have some very good value for money betting odds on football matches)

By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Yeovil Town v Queens Park Rangers Latest betting odds

KICK OFF 15:00BST Saturday 21st September 2013

This football match is in the Sky Bet Championship (season 2013/14) and is between Yeovil Town and Queens Park Rangers

Best betting odds available are:

Yeovil Town – 7/2 at BET365

Draw – 11/4 at BET365

Queens Park Rangers – 17/20 at WILLIAM HILL

VERDICT:Queens Park Rangers have made a flying start to the season,which is not unexpected with a quality football manager like Harry Redknapp in charge.They are not conceding many goals and they are not scoring many goals either and as Yeovil like to play attacking football on home soil i can see them giving them a good game and the result will be very close,but Town look like they are great value for money at the current odds of 7/2 at Bet365 and they are the selection.

TIP:Yeovil Town to win in 90 minutes 7/2 at Bet365 (There is currently a £200 bonus offer at Bet365 by using a promo code 2013 and they are a top UK online bookmaker who take bets from punters worldwide,and a bookie well worth using as your main betting account to place bets with.)

By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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Clear advice about Gambling

clear advice about gambling

Know your Limits!

For most of the population gambling can be fun and an enjoyable experience,but some punters don`t know their limits and develop a gambling habit that can ruin their lives and the lives of their family and friends.This article covers the mistakes that punters make and gives you tips on how to bet responsibly.

1.Do you gamble responsibly?

It is estimated that approximately 74% of adults in the UK gamble at least once a year,and most of the population do so in a responsible manner.This means that they have a balanced lifestyle,and treat gambling as just one form of entertainment,whether they are betting on a horse race,football match,buying a scratch card or lottery ticket,playing casino games,they can all be a very good form of entertainment if they are done in a responsible manner.This means not spending too much money and time gambling,and just doing it for fun,betting only what you can afford to lose out of your budget.It is all about keeping your chances of winning in perspective and betting accordingly.You should have a weekly budget for all your living expenses,such as your mortgage,rent,electric,gas,telephone etc and your other activities,such as going to sports events,visiting the cinema etc.Only when you have put enough money way to cover your essential bills should you consider having a flutter.

2.Do you gamble more than you can afford to lose?

If you are spending more money than you can afford to lose,then you could be developing a gambling problem.If you can answer yes to any of the following questions then your habit maybe getting out of control.

Have you bet and lost more than your budget would allow?

Have you asked family and friends to lend you money to gamble with?

Do you try and chase your losses the next day?

Does the thought of placing your next bet occupy your mind most of the day?

Is it causing you stress and anxiety.and health problems?

Are you getting deeper and deeper into debt financially because of your habit?

Have you started placing larger amounts of money to get the same feeling of excitement?

If you can answer yes to any of these questions,then you maybe developing a gambling habit that is starting to get out of control,and you may need professional help.Your first course of action is to confront yourself in the mirror and ask yourself “Is my gambling habit getting out of control?”People who can admit to themselves that they have a problem,are more likely to do something about it.Which could mean stop betting altogether,or find a new form of entertainment.There are agencies such as Gamcare or Gambleaware you can turn to if you feel you need help.

3.How do i stop my betting habit?

The best way to stop gambling is to first admit to yourself that you have a problem,as most compulsive gamblers do not realize they have a problem.They place bets that often that it has become a routine and part of their life and seems normal to them.Sometimes the only way to stop losing money week after week is to stop all forms of betting altogether and try and find a new form of entertainment.If you have been placing bets from an early age then it is going to be very hard to stop all your betting activities,but it is something you must do if you want to get your life back on track if you feel you lack self control.

By:Gary Lester

 

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Manchester City v Manchester United Latest betting odds

KICK OFF 16:00BST Sunday 22nd September 2013

This football match is in the premier league (season 2013/14) and is between Manchester City and Manchester United

Best betting odds available are:

Manchester City – 6/5 at PADDY POWER

Draw – 5/2 at STAN JAMES

Manchester United – 5/2 at COMEON

VERDICT:This is a local derby match between the two Manchester clubs,and tempers are very likely to flare up,as both sets of football players will be keen not to lose the match at all costs to keep their fans happy.A high percentage of local derby matches end in draws purely because neither team wants to lose,and if they go a goal behind they are very eager to get a goal back,and i can see this been a 2-2 draw as both sides like to score goals.

TIP:Both teams to draw 2-2 in the correct score market 15/1 at Betvictor (If you have not yet opened an account with Betvictor then you are entitled to receive a free bet of up to £25 if you place a bet at odds of evens or greater!)

By:Gary Lester

**Prices are subject to fluctuation and may change.Always check that the latest betting odds quoted are still available on a bookmaker website before placing a bet.

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