Gambling Tips.(do's and dont's)

[moeee]

Starting this one off to get myself into a winning routine.
I don't seem to do too much right,but I certainly do a lot of things wrong.
And one by one I will give examples of things not to do.

Last night I noticed that as my losing run was building,so was my stress and agitation and annoyance and anger.
And quite possibly that was contributing to my poor form analysis and poor staking system.
Which built my discomfort which built mu\y losing run...etc.

So the rule for today is
DON'T BET WHEN YOU ARE EXPERIENCING A LOSING RUN AND FEELING BAD!

What you do instead is continue selecting,but just don't lodge your betting slip.
When you observe that your selections are running about where you thought they would,get back into it.
I call this rule "RIDING OUT THE STORM".

[thefan]

only back 1 sport at a time, Dont get too excited.

No multis

dont let greed get the best of you

always think every bet could be a losing bet=reality check

dont open an online account- i regret this, cuz i could bet anytime and when i had nothing to do i used to back horses since i had sky racing. TAB at home.


Do's

Do something useful with your winnings like enjoy the money rather than using it to gamble.

[Chrome Prince]

Last night I noticed that as my losing run was building,so was my stress and agitation and annoyance and anger.

So the rule for today is
DON'T BET WHEN YOU ARE EXPERIENCING A LOSING RUN AND FEELING BAD!



Hi moeee,

I cannot agree more!

The psychology of a losing run can be one's demise, it leads to poor judgement as well which makes the whole thing snowball.

The only exception might be if you have one or two bets left for the day using an otherwise profitable system. But I would not be increasing my bet to cover losses.

[knowledge]

DON'T BET WHEN YOU ARE EXPERIENCING A LOSING RUN AND FEELING BAD!

I totally agree with this. I did this two weeks ago, after making heaps of money I eventually lost a bet...then another..then another until my balance was inevitably $0.00. Next time I will wait a few days before betting again.

dont open an online account- i regret this, cuz i could bet anytime and when i had nothing to do i used to back horses since i had sky racing. TAB at home.

I disagree with this. While it sounds fair I think if you don't have the self-discipline to not bet you shouldn't gamble whatsoever. If I didn't have online account I probably wouldn't bother.

[Chrome Prince]

I disagree with this. While it sounds fair I think if you don't have the self-discipline to not bet you shouldn't gamble whatsoever. If I didn't have online account I probably wouldn't bother.


Try this...IF you are compelled to have a bet, have seperate and distinct accounts. One account is for the serious stuff, the other for when you have nothing better to do......

The other suggestion is to use your idle time to make money rather than lose it. Put your Sky to good use. Instead of backing the horses you don't know much about, get a notepad and record the unlucky runs, the bad rides, the fast finishers, the rogue barrier horses, the horses that look like they've had enough etc etc.

Then when they next run, you're more informed and more likely to make money.

There are several blackbook services on the net that will auto alert you to an upcoming run.

[feather]

well mine is "not sticking to the system"
today my little system picked the winner at ascot, race 4. and i didn't bet on it.

[moeee]

There was an often played commercial by the TAB or someone,where it said

"IF IT'S NO LONGER FUN,WALK AWAY"

Trouble is I need to be dragged away,and still I'll be kicking and screaming.

I like some of your comments thefan.

[Jack Daniels]

DON'T EVER play the pokies, I did this afternoon with a mate. What a way to waste a couple of hundred bucks. :eek:

Not happy Jan.

:mad: Mad at myself for letting my mate tempt me. I swore off the stupid frigging things quite a while ago. I don't blame my mate only myself for being an idiiot.

The Whitlams say it best, "Blow up the pokies".

[knowledge]

I have no sympathy for people who lose money on the pokies.

It doesn't take a genius to realise you won't win.

At least you've learnt your lesson now, Jack Daniels, albeit the hard way.

[Jack Daniels]

On a personal note.

Jack Daniels, DO NOT BET ON NBA GAMES!

It is so frustrating, when I do so much research on the teams, looking at their form and checking different odds on different bookie sites etc and the $1.10 favourites get beaten by $5 and $6 outsiders.

Luckily they weren't huge bets, but it is frustrating none the less.

I recommend steering clear of the NBA!

[knowledge]

On a personal note.

Jack Daniels, DO NOT BET ON NBA GAMES!

It is so frustrating, when I do so much research on the teams, looking at their form and checking different odds on different bookie sites etc and the $1.10 favourites get beaten by $5 and $6 outsiders.

Luckily they weren't huge bets, but it is frustrating none the less.

I recommend steering clear of the NBA!

I hear you there pal. NBA can be a nightmare. The following underdogs won today...

Atlanta - $5.25
Orlando - $2.60
Philadelphia - $1.90
New Jersey - $2.40
Chicago - $4.40
Portland - $2.15
Charlotte - $6.00
Golden State - $2.25

8/12 games today were upsets. I think I was lucky to forget switching my alarm on. I'm still going to bet on San Antonio tomorrow - at 1.35 I'm guessing.

[Jack Daniels]

Yeah I know. I got done by a couple of those except Portland which I tipped to win and the Chicago Vs Detroit game which I had tipped over 168.5 points. and a couple I left out completely.

I will probably be leaving the NBA alone from here on in. Notice I said probably.

Not happy with todays results. I did pick the two local NBL games yesterday. But they where no help once the NBA upsets caught me out this morning.

[sparkus8]

Houston were the ones that really hurt today. I had them as an anchor leg in all my multis today - so they were all blown out straight off the bat. I still can't figure out how they lost. They looked like they finally figured out how to score and the Bobcats were coming off a tough game the night before - I am miffed.

I also cant figure out Dallas. I know they were backing up, but all their starters only played half the game when they blew out the Knicks amd they played the Hawks only a few days ago and held them to 68 points, today they scored 113 - figure that out.

If Phoenix don't smash the Grizzlies tomorrow I am giving up on the NBA for a while! I cannot wait until the tennis season starts back up again, all my good work on that is slowly getting whittled away by the NBA, NFL and NBL.

[knowledge]

sparkus are you backing Federer at the Aus. open?

I'm tempted to. Defending champ in amazing form, offering evens. I just don't like tying up funds. I know the price will shorten but I'm going to back him probably on the 25th of Jan.

[sparkus8]

sparkus are you backing Federer at the Aus. open?

I'm tempted to. Defending champ in amazing form, offering evens. I just don't like tying up funds. I know the price will shorten but I'm going to back him probably on the 25th of Jan.

All of his losses last year came early in tournaments against unexpected opponents so I am going to wait a couple of rounds first to see how everyone has come back.

If he gets through to the 3rd round unscathed I will back him every match from there on out rolloing my winnings over. I figure you will get a better price that way becuase he should play people like Hewitt, Roddick or Safin in the semis and final and the bookies usually have him around $1.30 when he plays those guys.

If it works out that way you will get odds of around $1.69 for those two matches plus the $1.05 to $1.15 you will get for his 3rd, 4th and QF matches. So if my calculations are correct your price would end up around $1.95 - $2.20.

Here's hoping that's the way it works out anyway!!

[Chuck]

Here we go: Rafael Nadal to reach the final (or as far as he can go without playing Federer!)

Other good chances: Robin Soderling, Nickolay Davydenko, Fernando Gonzales and Mardy Fish

Backed Thomas Johannson to win this a few years back before the first round and Marat safin to win the US Open before it started as well! Both of these were around the 50-1 mark. I somehow have a knack of picking tennis outsiders, but i haven't tried my luck at it since, except for Guillermo Coria to win the French Open 2 years ago @ 30-1 (he reached the semis). Although i guess you could also say that no one was dominating world tennis back then like Federer is now!

Interesting to see how these outsiders perform!

Chuck

[sparkus8]

I think the Aussie Open is probably the hardest of the majors to pick because there is not much exposed form going in. For all we know some fo the top players might have just been relaxing and are not in the best shape, while some of the lower ranked guys might be training the house down.

I will probably have a little bit on Hewitt before the tournament starts if he wins the Adelaide event because that will put him up to number 2 and on the other side of the draw to Federer.

I cant really bring myself to back one of those longshots because invariably they can have a couple of good matches in a row, but they can't sustain it for 2 weeks. If I were to pick one guy though it would be Joachim Johansson. He trains out here alot so he should be in good nick and he has a massive serve and forehand which will get him heaps of free points. Who knows maybe i will chuck a couple of $$ on him at 50/1.

[Jack Daniels]

I will be having a little something on L. Hewitt. I hear he has been training the house down since he stopped dating his twin.
Saw him on the news the other night with some little honey. I reckon his mind will be at ease, now that he has sorted out his personal life.
I will wait to see what his form is like leading into the tournament but the $7.50 is tempting at the moment.

I will probably get on him at that price, because once he wins a round or two his price will drop considerably.

[haveadip]

Try this...IF you are compelled to have a bet, have seperate and distinct accounts. One account is for the serious stuff, the other for when you have nothing better to do......

The other suggestion is to use your idle time to make money rather than lose it. Put your Sky to good use. Instead of backing the horses you don't know much about, get a notepad and record the unlucky runs, the bad rides, the fast finishers, the rogue barrier horses, the horses that look like they've had enough etc etc.

Then when they next run, you're more informed and more likely to make money.

There are several blackbook services on the net that will auto alert you to an upcoming run.Do you know where i could find one of these blackbook services, ive been searching high and low.

[Sportz]

http://www.racenet.com.au/blackbook.asp

[thetout]

Only bet the horses that I rate although mine is more to handicap the horses and not rate the the races.
Give away betting on horses that are talked up like Snitzel, Roadagain etc. Although Snitzel did put in a tough one these are the races that get me into strife.I never handicapped either of them.Then it took $500 on Super Elegant and $250 on Havana Wind to put me a little in front both top raters.
But I,m like everyone else most probably do the same again down the track.
Ceers people and have a winning 2005.

[Silver_and_sand]

Here's a few of my gambling tips:

Never bet on low scoring sports that can result in a draw (eg. ice hockey, soccer, etc), as it's too easy for a favourite to lose if the underdog has one or two lucky shots.

Never bet against a home underdog.

Never place a bet without doing all your own research.

Before I finalize my bet, I ask myself if I have any doubts that the bet would win. If I'm not completely comfortable with the bet, then I don't place the bet. As a result, I usually only end up placing a few bets every day, but I manage to win about 95% of the time. The times I lose, it's usually the result of a big upset. The returns on the winning bets are small (1.05 to 1.3 usually), but consistent winning returns does mean profit.

[moeee]

Gee Silverandsand.
One loss at $1.05 means a lot of hard previous earnings down the drain.
I prefer to take no less than $1.15 straight out,but may put the real shortie in a MULTI.

[Silver_and_sand]

Hi Moeee,

You're right of course. A loss at 1.05 would mean a loss of a lot of previous earnings. I do my best though to try to filter out any potential non-winners. Any potential selection that I have even the slightly reason not to like, I will automatically throw it out. Maybe so far I've just been lucky. I know it will hurt when one of my favourites does lose, but hopefully I'll be ahead enough to be able to absorb the occasional loss.

Can I ask, do you do multis very often? I've only been doing single bets so far. I guess I like the idea of being able to make your own multi, but it must suck when one of the bets loses, and you lose the whole lot. How many bets do you usually fold into a multi? Several or just a couple?

[Sportz]

When I do multis, it's usually only 2, 3 or 4 games. I've only had one go at a larger multi (7 games) and I won it. However, 1 of the games was won in extra time and 2 others were won in the last minute, so I think I was just lucky. It sure was exciting, but it was also excruciating having to go through all those results and I would have been very disappointed if I had got 6 winners out of 7 and got nothing.

[moeee]

My bets are often at about $1.30 so I put in about 3,maybe 4 to give me a about an even money or 2 to 1 return.
The prices you fancy would probably take about 4 or 5 to return this dividend but should give you a much better return overall.