Friday, 20 November 2009

How many bets?

How many bets are enough bets?

We recently had a member not renew because we don't have enough account bets for them.
Fair enough, each to their own.

We only bet when there is a decent reason to do so. Overall the odds have to be in our favour. That way in the long run you will win.

Walk into any local bookies and you will see people betting on every race they see. In these days of saturation coverage there are barely two minutes between either a horse race, dog race, virtual race or some numbers draw.
On the majority of these you are betting (in a shop) to around 120%, sometimes higher.
That means that on average you will get £100 pounds back for every £120 you stake. By betting on every race just for the sake of it you simply cannot win. Fact.

You have to wait until the time is right to have a bet. Let the bets find you if you like.

That takes discipline, one of the most important things in anyones betting armoury.

If you find yourself betting too often, try keeping a spreadsheet of all the bets you place and analyse it. You will probably be shocked but become more disciplined.

Now, we aren't against a fun bet now and then but just keep it sensible. We sometimes bet on silly things like x-factor, sports personality of the year (David Haye at 25/1 btw) but to very small stakes. That way its a bit of fun but doesn't have a serious impact on the overall profit.
We do keep a track of all bets though, even the fun ones.

Whatever you do, enjoy it but try to make a profit as well!

Good luck
SimpleBet

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