Why most gamblers lose
It's a commonly known that many horse racing gamblers are going to lose their cash. Its well-known is that 90-percent of punters will lose cash over the course of the year, but that doesn't stop people from betting on horse racing. When those players gradually go bust and cannot bet any more, there's always somebody else ready out to take their place in line.
Gambling strategies 1
The biggest reason most racing bettors lose isn't because of inadequate choices, but instead is because of inadequate control of their betting bank. There are far more punters who can choose winners than there are who can generate profit, and control of their betting bank is the key.
Gambling 50 pounds on one race and 500 pounds on another is a sure way to lose your cash in the long run, just as betting 50-percent of your bank roll on one race will gradually cause disaster. A horse racing gambler may win a few races when betting more than they should, but gradually the failures, will come and the punter finishes up with problems.
Doubling up after victories or failures is another error, and is a typical error many punters make, even such as those who have been betting for many decades.
If you study guides on horseracing betting, you'll discover that nearly everyone has at least one section dedicated to control of money management and that isn't because writers want to write about it. It's because it is that essential.
Gambling strategies 2
Betting on the Incorrect Events
Soccer and horse racing are the two activities that get most of the gambling money and most long-time gamblers will say those are probably the two hardest activities to demonstrate long-term profits in.
The sport of choice for most pro punters apart from horse racing is soccer. Tennis is another game that many long-time players believe can give the punter an advantage over the bookmakers, but tennis is bet less than even soccer.
A winning gambler doesn't have to particularly like soccer or tennis. Provided that they like winning cash, those are two activities that should be followed, or at least find somebody who is a good soccer or tennis handicapper and back their tips.
Betting Too Many TV Games
There are a huge amount of gamblers who feel if a sport is on the TV they must have a bet on it. While this didn't make much difference years ago, there are so many sports on TV now, that bettors can quickly have seven or eight bets on just one evening, and even more on the weekend.
Typically, the bookies are the sharpest on these TV events, as the odds makers understand that those will be bet the biggest on.
If you have to have a bet on every TV sports event those bets should be smaller than your average bets, somewhere around one-fourth of the amount. I've seen many of strong handicappers reduce their betting bank over time by gambling the same level, if not more, on money on these TV sports than they do on sports they genuinely believe are good bets.
Lack of Knowledge
Most average gamblers know just enough to make them dangerous. There is a lot of difference between being experienced in the Premier league and being experienced in Premiership gambling. Being able to name the Chelsea back four isn't likely to help an individual win a bet.
What many gamblers don't recognize is that they're actually competing against other professionals who invest lots of time and energy on handicapping.
If you don't have enough time to do the form study try to discover somebody who does, whether it be on a forum, newspaper tipster, subscriptions service etc., but don't believe you know more than everyone else.