Betting & Gambling

“You gotta know when to hold ‘em, know when to fold ‘em, know when to talk away, know when to run” ...

Here are some top tips for gambling:

• Don’t be greedy - if you lose what you have just won, you’re being greedy.
• Gamble money you can afford to lose - if you need the money, don’t gamble.
• Gamble half of what you are willing to risk - this way, if you don’t win, you will give yourself a second chance, another day.
• Approach gambling realistically - you can’t force a winning outcome and don’t expect to win every time.

Remember: Winners know when to stop!

Top tips to improve your betting:

• Understand the concept of value - make sure the odds being offered are of value. Being able to spot value means you’re able to spot odds that are too high consistently – and capitalize on those opportunities.
• Know basic maths - if you’ve ever said the phrase “I’m not a maths guy but….”, then you probably shouldn’t be a betting one either. It’s a numbers game, and you need an adequate relationship with division and multiplication as a minimum.
• Think long-term - if you take your betting seriously, you need to think long term (maybe, just maybe, if you stick with it long enough, you can make a living wage out of it). Betting, like any other form of serious investment, is a marathon, not a sprint.

Remember: There are no so-called ‘safe bets’ and nothing is guaranteed in betting.