…to know as much about your sport as possible. This doesn’t mean that you can’t start betting on something new or broaden your gambling experience by betting on new or new sports. However it does mean that before you place bets on some new sport you just learned about two weeks ago, you will need to understand how the game is played. Watch as many matches as possible, talk to athletes, ask people questions, think about how you would bet on (without places bets), just follow your would-be success or failure rate before you actually starting putting your money where your mouth is. When you do end up placing that bet and putting money on the line, you have to be fully informed about what is happening.
…to set and stick to a strict budget. It doesn’t matter how big or how small, but if you teach yourself self-discipline you won’t end up in a situation in which you’re selling all your possessions in order to cover your losses So often has the gambler lost everything by placing unrealistic bets in order to try and recover the losses from unsuccessful bets. While the idea of earning back everything you’ve lost is a very attractive idea, it’s not a very sound one. Have a budget and stick to it. If you’ve blown your monthly budget then it’s a good time to take a break and focus on some other aspect of your life. Come back to betting next month.…to take the time to learn about the gambling industry.
Obviously, bookies and casinos are in it for a profit, and obviously they are making profits otherwise they wouldn’t still be here. Once you have a more comprehensive idea of what goes on behind the scenes in the gambling world, you’ll have a fresh paradigm for deciding what bets make sense and what bets are to be avoided.
…to track your wins and losses. It’s important that you know if you’re doing poorly or doing well if you ever want to improve your betting skills. The truth of the matter is that you don’t take a professional approach to betting you are going to end up losing more than you make in the long term. It’s vital you understand what you did right and what you did wrong and you’ll only be able to do that effectively if you have records.
…to take breaks from gambling. If you work in an office you probably work for five days and then have a weekend.
And you probably take holiday every summer. If you’re serious about gambling, you need to treat it like a job and like any job, you will need time to recharge your proverbial batteries.