Let me Count the Ways...
I've been meaning to write this post for a while. After all, the site is called Make Your Betting Pay so there really should be a post outlining the main ways in which it can be done!
When it's boiled down to its essence, there are just 4 ways in which you can make money from betting.
Most people have done a bit of this. It's done by using bookmaker bonuses and the betting exchanges to create no lose bets. the mechanics…
Never Join another terrible Tipping Service again...
Undoubtedly there are some bad, even criminal, tipsters out there.
We’ve all been stung by some chancer promising the earth and delivering nothing. Worse even, delivering nothing in exchange for a hefty fee.
I’ve been there, more than once if I’m honest.
They are out there and need to be avoided at all costs.
But I really don’t understand why the vast majority of good tipsters get tarred with the same brush.
Ever employed a plumber who did a shoddy…
The Gambler's Fallacy
I'm super chuffed that I posted the early season trainer angles on Monday!
I couldn't have chosen a better day to point out the merits of the 'Spring Training Masters' as their performance since has shown: Roger Charlton: From 2 runners - a winner at 20/1 and a 3rd at 15/2 Ralph Beckett: No runners as yet. Alan King: 1 runner - 3rd at 16/1 I love it when a plan comes together!
On to today: The Gamblers Fallacy
Here's a scenario:
You've just watched me flip …
Converting Odds into Probabilities… and Vice Versa
It’s not a difficult thing to do and with a little practice you will be able to do it automatically every time you look at a betting market.
First we’ll look at conversion of fractional odds to probabilities as those are still the predominant type used in the UK.
You Need These Three Things To Be A Professional Gambler
You Need These Three Things To Be A Professional GamblerProfessional gambler. Pro punter. Full-time bettor.
What images do these words bring about in your mind’s eye?
Is it the cool, calculating card shark, sat at the poker table in some Las Vegas casino (Phil Ivey, perhaps?) taking down pot after pot from the gullible high-rollers.
Or do you imagine the shrewd ‘face’ at the race course, stepping out from the crowd in the betting rin…
Back to Basics - Part 1
Welcome Nick and over to you!
THE KEY TO SUCCESSFUL BETTING
PART 1 – A successful punters mentality
It is estimated that only about 1% of all punters make consistent, long term profits. Why do you think this is? Are they expert for…
Is it Just Luck?
As racing and betting enthusiasts we are regularly bombarded with pitches for the latest wonder system/tipster/method. Among those pitches will be a mixture of good and bad - some that are absolute 'must haves'.... and some that are outright scams.
The only real way we can assess whether something is any good, is by a detailed analysis of past results (assuming of course that the past results claimed can be verified - we should never consider buying anything that doesn't have a checkable, verifi…
When nothing seems to go your way...and how to cope with it
We've all been there - you've just placed your 15th consecutive losing bet, doubts are creeping in, you have a barely suppressed sense of panic and the devil on your shoulder is telling you to go in heavy on a short priced "certainty" to get yourself back out of trouble.
You will go mad or, even worse, go broke unless you develop some strategies for coping with those emotions.
When I f…
A Super Simple Way to Increase Your Profits...
Firstly, I wrote this article sometime ago now for the Daily Punt website but I've never managed to put it up on Make Your Betting Pay before now.
It's well worth a read - a very simple way to improve your punting profits!
You Have to Haggle
A successful punter should always be looking for ways to improve his margins – in the same way that a successful business man will always be looking for ways to cut his overhead and improve his bottom line.
The advent of betting exch…
The Johnston Enigma...
"Following stables which suddenly strike form can be a useful tool in any punters armoury. However, the window of opportunity is often a short one and very quickly backers and layers ensure that the value is squeezed out of following them blindly.
Take yesterday as an example for the Mark Johnstone yard. He sent out 14 UK runners, 4 off which obliged, 1 @ 2/1 and 3 @ 8/1.
It would have been a g…