If you are a newbie at online betting, then you will be after some direction and guidance? The best Horse Betting tip is only a few minutes away. Its simple with a little research.
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Who you take guidance from depends on your circle of friends and acquaintances, to the level of guidance they can offer you. Tips from your local cabbie or your aging window cleaner might seem generous at the time, but would you act upon them? Your friends on a boozy night in the local pub may have suggested excellent Horse betting systems, but would you actually trust them? And more importantly would you act on their suggestions? The answer to some of these questions at some point will probably be yes! And you will have backed horses and won and on other occasions lost based on the advice given to you.
As a newbie to online sports betting you may find calculating the odds quite tricky whether its fractions or decimal, what do the numbers actually mean? To what type of bets do you place, doubles, singles, Tri-cast or trebles, placed or to win. So many different permutations it can be daunting. However help is available. Most online bookmakers have pages within their websites explaining the rules of betting and how the odds are calculated. This for newbies is a good starting point. It will also guide you through your first bet.
There are hundreds of online bookmakers, many you will already be familiar with such as Ladbrokes, William hill, Bet Fred, Bet 365, Coral and betfair. Its not my position to discuss which of these bookmakers if any, offer the best value to you but to offer you these as examples. A quick Google search with the key phrase "online bookmakers" or more specifically "horseracing today" for example will return hundreds of different bookmakers web sites. This would be a good starting point to help you see what is on offer.
Another good point of reference is Wikipedia. Just type the search term online gambling in the search box within Wikipedia to reveal a whole host of valuable information regarding gambling and online sports betting, although slightly Americanized with its content and references the principles can still be applied anywhere. The Wikipedia information is quite hard going but does offer links to bite sized chunks of information that can be easily digested stage by stage, you may want to bookmark this in your web browser so you can easily recall the information at a later date.
Now that you are more familiar with the different bookmakers you will have noticed that most of them offer free bets and incentives to open accounts, some even offer free horse betting tips. All the free money offers from registered bookmakers are genuine and can range in value to new account holders, from £25 worth of free bets (no deposit required) to £200 matched deposit. Let me explain. A matched deposit of 100% up to the value of £200 means if you only deposited £10, then the bookmaker would only deposit £10 into your account for free. On the other hand if you were to deposit the full £200, then the bookmaker would match it and place £200 in your account. Sometimes conditions are attached to the "free money" so please read the terms and conditions for each site carefully, so you're not disappointed.
All these types of offers make opening an online account more attractive and there is nothing stopping you from opening many different accounts with various different bookmakers thus taking advantage of the "free money" and "cash bonuses" available. You may even find that some of the bookmakers offer other types of gambling accounts which interest you, like Bingo, or slots or even online casinos, within the same bookmakers' website, all offering cash incentives. If you are a newbie to online gambling this is one horse betting tip I can't recommend enough.
Take advantage of what is available online. If possible try to organise all your betting transactions online to help maximise you profits from the bets you place. Once you are up to speed with the betting terminology and the online betting process after some careful background research on Wikipedia and Google and you've found maybe a few desperate bookmakers offering you very generous bonuses to open an account you are now in a position to start placing bets.
Find a good Horse betting system and staying focused are two other Horse Betting Tips I mentioned earlier and in further articles I will go into more detail but in brief its simple. Find a betting system that works for you and one you can understand, backed by the research you have conducted into horseracing gambling and online sports betting there are many available, some free.
What I would recommend is you take your time selecting the right one. Look for systems that offer testimonials and have a proven track record, or even a money back guarantee. If it sounds too good to be true it generally is. As an example Bob Rothman has published a book on his system called 'The Racing Success System"' in which he completely explains the concept of value betting and money managements, and there are pages of formidable looking tables to help you decide what the right odds are. However, Rothman believes the true professional must be "as disciplined as a soldier with himself, he must be made of steel. "Gambling is the hardest game in the world to make a living at. The usual state of affairs is that you lose more often than you win, but when you win you get much more, so that overall you show a profit." "The professional gambler has to learn to live with disappointment without allowing it to cloud his decision making ability". Source: Horse racing pro, "how to beat the bookies and buy a gold Rolls Royce"- London Irish news May 10th 1990.
This is just one example of Horse betting systems, in this instance of "value betting", a term you will have come across in your Wikipedia research highlights a profitable system for the long term professional gambler but not without its pitfalls, that's why my third Horse betting tip falls here. Stay focused, as Bob confirms the professional gambler has to learn to live with disappointment but by staying focused to the task and the system you will overall profit. Remember, do your research, find a system and stay focused.
Despite the efforts of the US government to curtail gambling on the internet, millions of dollars are still being wagered each day on sporting events, poker and online casino's. Estimates for the amount of money being wagered yearly on sporting events vary greatly but it is a common acceptance by all the estimators that it is in the Billions of dollars. Obviously the internet makes up a big part with its worldwide attraction and availability, but there are also the legal sports books in States like Nevada and some foreign countries that have legalized betting on sporting events. What makes it difficult to get an accurate estimate is the number of "barber shop bookies" throughout the US and around the world. The illegal bookmakers it is estimated, makes up nearly 50% of all sport betting action annually.
What draws the public to the "windows" to place wagers on sporting events....? Of course many are drawn by the thrill of having "something riding" on a game and almost always can watch the outcome on a TV broadcast. Why do the Vegas Sports Books put a TV next to a game on their board? Because they know that more action will come in on a game that is being televised than ones that are not. This alone may answer the question of how many sport bettors actually end the season or the year with a profit? Playing games just because they are on TV is certainly not going to put a sport bettor into profit.
General opinion by bookmakers estimate that less than 10% of all consistent sport bettors will end up with a profit at the end of the year. Most sport bettors do not have the expertise, the resources and the time to intelligently analyze a sporting event that will give them the edge against the bookmaker. Professional handicappers will spend many many hours each day analyzing statistics, reading press releases, studying injury reports, watching weather forecasts, tracking line movements, analyzing trends and comparing team and player matchups.
Besides just the thrill having something riding on a sporting event, is the lure of those preying on the greedy. Many sport services (touts) advertise winning percentages that are nothing more than marketing ploys to reel in the sport bettor in search of making that "big hit". The reality is that anyone able to consistently predict the outcome of a game (against the spread) more than 60% of the time is in the top 10 to 15 percent of all handicappers. We are not referring to the hobbyist handicapper here, the one who places a wager once in awhile on they're Alma mater or a once a year wager on the Super Bowl. We are talking about those that place 200 or 300 wagers per year. The serious sport bettor who is out to make a living or at least a decent profit off his efforts will wager on at least 5 to 10 games each week and higher when football season overlaps the basketball season. So, how much can a serious sport make betting sports throughout the year? Answer: how big is your available bankroll to get started?
The expectation of the novice or unsuspecting sport bettor is invariably far above the realm of reality. This is in part, as mentioned above, is caused by the outlandish advertising claims of some sport betting advisors and services. Claims of winning 70% or 80% of all their games, or that you can make 100 times your starting bankroll in one season....etc. Our example of a really good handicapper being able to win 60% of his wagers is very accurate, you can trust me on that one....To prove this point, why is it that the biggest football handicapping contest in the world (The Super Contest), which is at the Las Vegas Hilton, and draws some of the best handicappers from throughout the world, offers a $10,000.00 bonus to anyone who correctly picks 63% or 66% (forgive me but the exact number escapes me at the moment) during the contest. The contest requires each entry to pick 5 NFL games per week for 17 weeks. That's a total of 85 games, which means if someone could correctly pick 56 winners of those 85 games, they would collect the 10K bonus. So you can see that the average Joe hitting 60% is quite an extraordinary feat.
Now here is the reality of making money by betting sports....Let's assume you have a starting bankroll of say $1000.00 and you are going to wager on average 5 games per week. If you placed a $100.00 wager on each of your 5 games and you made a total of say 200 wagers over the year, you would have a total outlay of $22,000.00. This is including the 10% commission the books add to the wager. So if you make a $100.00 wager, you must put up $110.00 to win $100.00. This is sometimes called the "juice" or the "vig". This is how the bookmakers stay in business. They make 10% off the bet off all the losers, which is one reason it is difficult to beat the books. They adjust betting lines so they can keep the action on a game as close to 50-50 as possible....They keep the $10.00 of the losing bets while the winner gets his initial $110.00 wager plus the $100.00 win. So if a book had say 100 wagers at 100 each which would be 10,000 wagered on one game and 50 of the bettors had side A and the other side B, this is the perfect scenario for the book, because they profit no matter who wins the game.
Let's use our example of your $100.00 wager on 200 games over the course of a season, and let's say you are a good handicapper and are able win 60% of those games....I must point out here, that you need to win at least 53% of those games to break even, just because of the Vig as mentioned above. Ok, so you wagered a total of $22,000.00 over the season, at 60% you won 120 of those 200 games. You will get back $210.00 for each of the games you won (the $110.00 you put up plus the $100.00 you won) which gives you a total return of $25,200.00 return, or a $3,200.00 profit for the year....That is the reality. Consider someone who is wagering only $10.00 or $20.00 per game and expects to make a big profit and you see that the reality is that you need a big starting bankroll to make a living at betting sports. Even at the $3,200.00 profit, you certainly cannot consider that as making a living....And again we are assuming you are a "good" handicapper picking winners at 60%.
Fortunately, most sport bettors are recreational or hobbyist players and not out to make a living. Just seeing even a small profit at the end of the year can be very gratifying for them and fulfills their desire to 10x10bet add to the excitement of the game. Over the past 16 years of providing sport betting advice to my clients, it is gratifying to me when even a small player is making even a small profit off my service...I have never failed to make a profit for my clients in the 16 years I have been in business....However, the reality is: you may not get rich.
