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Gambling is generally said to be a game of cups. Meanwhile, some are professional gamblers. While they make a living from sports betting, many still consistently lose.
If you walk down a betting office you might hear some people dressing up because they just lost. It’s always the same crowd.
The thing is, no one can have a 100% win rate. Some betting systems will come very close. The reason you place a bet is for profit, not for fun! You don’t use the rent money to gamble, you just use whatever amount you can afford to lose. That is why you have to set up what is called a betting bank.
About 30% of the favorites win horse races. Knowing how to identify them will generate a steady stream of profit. And also bet the remaining 60% on Betfair or any betting exchange if you know how to find them.
A favorite horse that loves the terrain it runs on, and is ridden by a superior jockey, for a superior trainer, will have odds for obvious reasons. He will win most of the time.
A horse race in a higher class (for the first time) has no chance of winning unless something unusual happens. That horse will be up against more experienced horses!
The same applies to greyhound racing. A dog competing for the first time in a higher class (eg A3 to A2) will produce a very good lay.
Mechanical sports betting systems are sure to miss out on the most important elements of the big picture. That is why, in addition to whatever system you use, it is good to develop your own judgment and increase your knowledge of the specific sport you are betting on. You can do this by reading specific sections of magazines, newspapers or newsletters related to the sport of your choice.
When it comes to team sports, I’ve found that any team that plays another team five or six places below them in the league table wins most of the time. This rule will apply to Football, Basketball, Rugby, etc. A top team, playing at home against one that is lower in the table, will win, barring extraordinary circumstances.
In tennis, a top seed playing anyone 6-8 places below them on the world rankings table is sure to win. Unless he’s out of shape (after being out of tournaments for a while) or has an injury from which he hasn’t fully recovered. They can be outclassed if they have a poor record on the specific terrain they are playing on (grass, dust, or carpet).
Those who you know can’t win can still help you make a profit if you offer them a fair bet or any successful betting exchange.
Whatever you do, always trade paper first, for accuracy. when you discover the patterns and take advantage of them, you will find yourself with a juicy reward.
There is more to life than just winning and profiting. You will need to support your activities with a purpose to make them sustainable. In other words, knowing why you do what you do and doing it well is the difference between the professional and the constant loser. And, as always, remember that help is available when you need it.