Advice

Do You Have What It Takes?

(Last Updated On: March 23, 2015)

If I told you that finding winners is the easiest part of being a profitable sports bettor, you’d probably laugh at me right?

After all, how can that possibly be true. Without winners you don’t make any profit. It’s a simple equation…

Find winners = making money

Well there’s one thing that’s true. 99% of punters would agree with this statement.

And it’s that 99% that allows the bookmakers to keep offering bets and their shop doors open.

I’m going to tackle one of the hardest topics in betting… You.

Finding winners isn’t only the easiest part of profitable betting, it’s also of less importance in the equation of making profits than you are.

First of all I want to tackle the equation above:

Find winners = making money

This is not true.

All you need to do is to look at betting on the favourites. If you do that then you’ll win 33% of the time and… you’ll make a steady loss.

It’s about finding potential winners that have been overlooked by others.

But that’s not what I want to focus on today.

Today we’re going to focus on the fact that you are one of the most important parts of making profitable bets.

I read recently that in current society there are more people who have self-doubt and anxiety than ever before.

And that’s what the bookmakers love punters to have. Because a punter who lacks self belief is a punter who’ll change their opinion to whatever the market is saying is the strongest horse and the bookie is going to make a guaranteed profit from those bettors.

The thing is, in order to profit from betting you have to go against the crowd.

I’m sure you’ve heard that phrase before, and it’s true. But you’re not going to be able to do that if you don’t trust in your own abilities.

I can promise you that you are completely capable of making a profit from your betting if you follow a few rules and are completely honest with yourself about both your strengths and weaknesses.

First of all you must trust yourself.

If you don’t already then starting today you need to stop checking any websites that have odds or analysis on before you analyse a race. Do your own analysis, write down your selection and then do not change it whatever the market says.

The easiest way to do this is to just instantly go and place the bet without looking at anything else.

Secondly, expect to lose in the beginning. Nobody ever started as the best in anything, and betting is no different.

You need to start by focusing on a very specific racing niche and learning it inside out. When you know it well enough you’ll be able to predict how a race is run before it starts and it will pan out that way over 70% of the time.

And I don’t mean finding winners. I mean about what happens in the race.

When you’re doing this you are able to find the strongest runners, contenders, in a race over 70% of the time.

If you can do that, then you can make an excellent profit 😉

And finally, you need to know how much time you have, what your risk levels are and what your bankroll is.

With that knowledge you can make a reasonable assessment of the type of approach that will suit you.

If you have twenty minutes available don’t think you’ll be able to analyse every race each day, it will be more like one race. Certainly in the beginning.

If you have a low risk level then don’t bet on outsiders, the losing runs will be high.

If you have a bankroll of £200 don’t expect to make £1000 profit in your first month.

The biggest cause that I see of bettors failing to make a profit is the lack of trust in their own decisions and unrealistic expectations.

If you can understand yourself and set goals and expectations to match, it’s going to be very difficult for you to fail in your goals.

Michael Wilding

Michael started the Race Advisor in 2009 to help bettors become long-term profitable. After writing hundreds of articles I started to build software that contained my personal ratings. The Race Advisor has more factors for UK horse racing than any other site, and we pride ourselves on creating tools and strategies that are unique, and allow you to make a long-term profit without the need for tipsters. You can also check out my personal blog or my personal Instagram account.

4 Comments

  1. 100% spot on with your comments, i only do novice hurdle races that’s all and i don’t even bet on all
    of them only when i believe i have an edge,

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