Read Time:5 Minute, 18 Second
Bookmakers make money mainly because they set the odds in their favour. But it’s also because of the gamblers who do not think through their betting processes.
It’s always best to research your bets. Don’t be haphazard about it. Don’t become the type of gambler who will bet on 2 raindrops running down the window! Doing the research means that you understand the different risks. That in turn will give you more satisfaction from your wins, and you’ll learn from your losses.
Making a randomly chosen bet is just asking for trouble – and so is a bet placed on someone else’s recommendation. It’s OK to consider info you may find on a website, as long as you do a bit of further research.
Try and set yourself a budget too. Sensible gambling can be fun, so make sure you set yourself a limit that you can lose every month – and if you get to it – STOP! Gambling only becomes a problem when you lose sight of your limits. Don’t let it become a problem. You should control your gambling, not the other way around.
I’ve probably said this elsewhere, but it’s worth saying again. If you have a monthly ‘pot’, divide it into weeks or even days, and make sure that you don’t exceed the given quota. If you do, you will find yourself well out of funds before the month is up.
Also set maximum stakes based on this – generally a bet of 10% of your pot would be considered a big bet – and 1% a small bet. If you’re betting more than that, then you are on your way to ruin – unless you are very lucky
Also set a daily stop loss. It’s also important to set limits on how much you can allow yourself to lose in a day. Don’t make one of the biggest mistakes in gambling. Don’t alter your strategy just to chase losses. To recover from a loss, you must have a calculated approach and do it ‘piece by piece’ instead of a one–off huge gamble.
Another thing to set is a daily stop win. This is the opposite of the above, but it’s easy to get carried away when on a ‘winning streak’ and think that you can’t lose.
For example, if at the start of the day you like three horses, and they come up trumps, don’t bet again – just walk away with your winnings. Don’t get greedy. If you carry on betting on games/horses etc. that you wouldn’t have chosen in the morning, you’re becoming a mug. Don’t make bad bets that don’t really have a chance, all you’ll do is forfeit your previous winnings.
Taking a break is very important. Over confidence from winning can be just as bad as being upset at a big loss. If you find you can’t take a few days out then you probably have a problem. Standing back and clearing your head is a good thing.
This brings me to bad practices – especially chasing loses – a huge problem for many gamblers. You must expect to have bad days, it happens to everyone, but don’t let it cloud your judgement – save your money for better opportunities.
Any good online betting guide will tell you much the same thing.
If you start to lose too much in one day, you will lose control of your emotions; become more desperate and this will lead to becoming irrational – a downhill spiral to be avoided!
Always know when to have a break –and then when ready to go back, play smarter with a few small bets – and if you don’t recover your losses quickly, then WALK AWAY.
Tomorrow is always another day.
Meanwhile, click here for a site that I can recommend for some of the best online betting.
How do you find good poker rooms for the best online betting?
Here’s my advice. Some things are pretty obvious; like checking out the reputation first.
So have a good look around the website and make sure that their games are monitored by a third party. This should ensure that the games are fair, and that the random number generator (RGN), that does the shuffle, is truly random.
It’s best to avoid offshore betting sites that have very little regulation. You should be able to see which authority they are regulated by.
There are many different on line betting poker software systems out there. Some sites have developed their own, whilst others use well known ones like microgaming. If you like to play at more than one table at the same time then it is important that you can manage and move the tables on your desktop. Not all poker rooms allow this. So do a search first.
Customer support should also be checked out before you sign up. Test it first by making contact and see if they reply quickly. It’s a good way to measure how long it will take for your payouts to be actioned. If they cannot answer an email in 24 hours, then you will probably have a much longer wait when you want to cash out!
Also check how many players are showing online, and how many games are on offer. Good poker rooms will offer lots of different games, not everyone wants to play Hold’Em all the time.
It is also important that there are enough players online too. What’s the point in joining a room to play Omaha when it could take a long time before you can start because there are too few players!
You should also consider the quality of your opponents. If the others are weak, then of course you may get more profit, but it is also good to play against good players, especially when you can learn from them and improve your own skills. And don’t forget to practice at free gambling online sites too.
Among other gambling games, there are online slot machines. This is an online slot game format, also known as a slot online– game of chances. Try this fun and interesting casual gambling game today. There are many trusted and legitimate websites that offer this game.