OverbettingThis is a classic mistake that nearly all Gamblers make in their eagerness to make money.
No matter how good any system is you will not win all of the time.
Of course, if the next bet loses the same happens and before you know it
stakes and losses have spiralled out of control. After a loss, instead of taking it
on the chin and sticking to the plan, the gambler will feel cheated and psychologically
hurt by the result, vowing to win the money back on the next bet and
increasing the amount bet in order to do so. How do you avoid this? Simple,
again just stick to the rules and be patient!3, Using your own moneyAny money used
for gambling should always be viewed as a speculative investment in the same way as
stocks and shares are, the requin tn money used must be totally separate from your own money
and must be money that you can afford to lose. The way in which you
handle your losses and manage your money will be the determining factor in deciding your
success.My name is Paul Ellis, and I am a Professional Gambler. With accurate records you
will be able to view the performance of any system in your betting portfolio over
time and deal with any performance issues that this may highlight.Most of the mistakes mentioned
above can be avoided by looking closely at the "psychology" of betting. If you do
not keep a separate bank of money for betting, your psychological attachment to it will
cloud your betting judgement and can contribute to your failure.4 Taking a short term viewJust
as no one would decide the merits of a stock Nike Tn market investment on the basis
of one day or one hours price movements, the same should be observed when betting
for profit. Chasing losesAs a consequence of the above, or just during a bad run
of results (which statistically is always going to happen) we will find the classic mistake
of chasing losses. You have a great method, that will statistically prove profitable, but there
comes a run when the right conditions seem to dry up. This article looks at
some of the most common mistakes people make that can turn the potential of profit
into regular losses:1. The opportunity to profit from sports betting online has never been greater,
but even with the necessary tools and betting systems that are proven to create a
profit, many people still end up losing money. Eventually, you get itchy feet and start
to manufacture bets that don't match your strict requirements, forgetting that it was these strict
requirements that determined your profitability. The inevitable happens, the profits turn to losses and in
the worst case scenario your betting bank is blown! How do you avoid this? Simple,
stick to the rules and be patient!2. It should be viewed as a long term
plan and the outcome of individual bets and daily or weekly results should always only
be assessed in the context of the long term profitability of the method being used.5
Not keeping recordsYou must keep records of all your bets, it becomes all to easy
to forget the losses and remember only the winners if you do not have accurate
records. If you wish to find out more or download my free e-book, please feel
free to visit my website at http://www.BettingAlchemy.com.
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