Previous articles in this series covered the following topics:
(1) Unrealistic expectations
(2) You will experience losing periods
(3) Probability will affect your bank
(4) Understanding market percentages
Today I want to talk about what I consider to be the key to successful punting [http://www.championpicks.com.au/] and that is discipline.
We have all witnessed an emotional and excited lad commence a long and sustained run around the betting auditorium, screaming whilst whipping his thigh with a form guide as the conveyance he is on charges to the line in a close finish. In all likelihood this punter has either failed to back a winner for some time, has had a bet that is way out of proportion with his bank or means, or has bet the remainder of his bank and suddenly realises that there is a chance of being able to afford a cab home. It's always amusing to watch, but we all know these types rarely win and certainly never win over any reasonable length of time.
There are two reasons for this. Firstly these types actually expect to lose and would prefer to start the day with $200 and go home with either $1500 or nothing. Others turnover their $200 starting bank three or four times throughout the day, find themselves with $250 approaching the last and either bet their whole bank or at least all of the day's profit.
If you are serious about being successful you have to approach the day knowing that you have either done the work yourself or have purchased ratings that enable you to make confident betting decisions. Once you have an idea of the relative chance each runner has (and this is essential) all you need to do then is shop well in the marketplace and only back those horses which are value.
It's really that simple. There will be losing days but if you can adopt this approach and cease chasing one day's losses you can become a winner.
This series will conclude next week with the following topic:
(6) Betting with ratings
(1) Unrealistic expectations
(2) You will experience losing periods
(3) Probability will affect your bank
(4) Understanding market percentages
Today I want to talk about what I consider to be the key to successful punting [http://www.championpicks.com.au/] and that is discipline.
We have all witnessed an emotional and excited lad commence a long and sustained run around the betting auditorium, screaming whilst whipping his thigh with a form guide as the conveyance he is on charges to the line in a close finish. In all likelihood this punter has either failed to back a winner for some time, has had a bet that is way out of proportion with his bank or means, or has bet the remainder of his bank and suddenly realises that there is a chance of being able to afford a cab home. It's always amusing to watch, but we all know these types rarely win and certainly never win over any reasonable length of time.
There are two reasons for this. Firstly these types actually expect to lose and would prefer to start the day with $200 and go home with either $1500 or nothing. Others turnover their $200 starting bank three or four times throughout the day, find themselves with $250 approaching the last and either bet their whole bank or at least all of the day's profit.
If you are serious about being successful you have to approach the day knowing that you have either done the work yourself or have purchased ratings that enable you to make confident betting decisions. Once you have an idea of the relative chance each runner has (and this is essential) all you need to do then is shop well in the marketplace and only back those horses which are value.
It's really that simple. There will be losing days but if you can adopt this approach and cease chasing one day's losses you can become a winner.
This series will conclude next week with the following topic:
(6) Betting with ratings