THE ART OF GAMBLING

THE MAIN REASONS FOR NOT MAKING STEADY PROFIT IN GAMBLING

1. BETTING ON THE SINGLE FAVOURITE - without considering where there is value. Hot favourites seldom have any real value. It is not worth making a £100 bet with the payout being £20. Such event must have a winning chance of 83% and the punter must then win 5/6 bets to make a profit. The risk is not worth the profit.

2. INDISCIPLINE - especially getting carried away with a winning streak or chasing money back when eventually losing (which you must learn to accept will happen).

3. POOR MONEY MANAGEMENT - you could win 60% of bets but still lose if you stake more on the losing bets.

4. PLACING BETS WITHOUT THOROUGH RESEARCH - based on a gut feeling, emotion, sentiment, hearsay of 'sure-thing tips' or simply "I feel lucky today''. Yet when these bets lose, excuses can range anything from match fixing to referee bias, bad weather and many more.

''SILLY ARE THOSE WHO BET WITH THEIR GUT, WHEN THESE DAYS ANYBODY CAN ACCESS STATS AND FACTS''

''WHAT HELPS SUCCESSFUL GAMBLING IS A HABIT OF WATCHING FOR OPPORTUNITIES, HAVING A PATIENT MIND, SACRIFICING ONES VANITY, UNITING A LOVE OF DETAIL, AND PASSING THROUGH THE BAD TIMES BRAVELY AND CHEERFULLY''