Understanding the Benefits of a Betting Bank

If you are an enthusiastic gambler and enjoy horse betting, you should probably think about setting up a betting bank. This is a ‘pot’ of cash that is intended for use as betting money. The amount of cash it contains is up to you, but it is important to keep a note of how much moves in and out of the pot. The value of the pot will represent how successful your bets have been.

You are advised to set up a dedicated bank account for your betting pot. This keeps everything organised and makes it easy to monitor income and expenditure. If all of the gambling that you do is confined to one bank account, there should be no confusion over whether or not you are making a profit. You will be able to tell by checking your financial statements.

It is essential that you keep a close eye on transactions, because a prolonged losing streak could end up consuming all of your funds. If you spot the problem early, you can switch up your technique and try something new, so that you don’t risk losing everything.

The following problems represent some of the most common reasons why betting banks fail.

– Your bets were too big for the size and scale of your bank.

– Your bank was not strong enough to tolerate prolonged losing streaks (possibly, because you backed too many big prices).

– Your horse betting and other gambling strategies are just not skilled enough. This is a very common issue and it is a tricky one to solve. It takes time to learn how to gamble like a pro. If you are just starting out, you may need to be patient and put in plenty of practice. This is why inexperienced gamblers shouldn’t dive in too fast and place too much money on their bets, too soon.

How to Utilise a Bank System

You can solve all of the issues outlined above by simply being careful with your bets. Think about what you want to achieve. There are some people who don’t want to take the process so seriously. They’re looking to have fun, spend some cash, and try their luck. And this is fine, as long as they can refill the bank again. If you are looking to make long term gains, however, you need to be a little smarter.

Stage One – Bank Value

Work out how big you can afford to make your betting bank. It doesn’t really matter how large your maximum limit is, as long as you keep the end goal in mind. You are supposed to be expanding the pot. You can always change the size of the pot at a later date, but to begin with, just pick a number that you can afford to lose.

Stage Two – Review the Risk

The size of your bets should reflect a fairly modest proportion of your betting bank. You don’t want to place the entire bank on one big bet, because you could lose it all. The same rules apply to losing two consecutive bets; it could cripple your betting bank and your finances. This is why you need to determine how long the worst kind of losing streak could last.

Imagine a person who backs multiple favourites at even money. To begin with, it is important to acknowledge that bookies feel confident about these choices. They believe that they have a good shot at winning. At even money, it is reasonable to assume that here is around a 50% likelihood of a win.

While these might seem like great odds and entice you into handing over 25% of your betting bank, think carefully about this arrangement. With a 50/50 result, you should expect to lose four consecutive times, at just over 6% of the time. In other words, if you gamble a lot, it is bound to happen. And, when it does, you’ll lose your 25% share.

Stage Three – Converting Pounds to Points

As already discussed, the size of your bank isn’t of too much significance. This is because we transform your pounds into points. As so many different aspects of gambling are reflected in point form, it is useful to think of a betting bank as being worth 100 points. If this were the case, 1% would be equivalent to one point.

If your bank were worth £10, every pound would represent ten points. Or, to put it another way, every point would represent ten pence. If you need some more help, use the table below for simple, quick fire calculations.

Stage Four – Selecting the Right Bet

Once your betting bank is ready to go and your money has been changed into points, you need to identify an appealing and valuable bet. Then, stump up the cash. If you are still fairly new to betting, you might want to experiment with basic level stakes betting techniques to begin with. They don’t carry too much risk.

Determine how large a proportion of your betting bank you are can afford to put up. This is how you find out how much each of the stakes will be. For casual gamblers, a reasonable figure is around 2% of the bank. This figure allows for a decent amount of protection from losing streaks, but it will cause the bank to grow at a sluggish rate.

For more experienced gamblers, a 5% stage is suitable. This enables the betting bank to expand quickly, but it also means that the risk of being cleared out by a losing streak is increased.

If you are interested in finding out more about how to bet successfully, or you are looking for high quality horse racing tips, visit Betting for Winners today. We can give you smart information, advice, hints, and tips on where to start, how to bet, and what techniques to use for guaranteed success.

Understanding Different Types of Soccer Betting Odds

We found this amazing site which is the greatest resource for online soccer betting, providing players with all the information they need before they make a wager. The popularity of soccer betting comes from the high popularity of the sport itself. Millions of people watch soccer to either cheer on their favorite team or just to get a hand on the adrenaline of the game. The most important difference between soccer betting and other forms of gambling is that it takes some time to become profitable and start earning real money. However once you have learned some basic tips – as outlined here, you’ll be able to enjoy higher than average returns on your wagers.

The trick in soccer betting is studying past soccer games to get a feeling for what the best odds are and to be able to tell if one team is going to win or not. While this may sound like an obvious piece of advice, you’d be surprised at how many players loose site of the “big picture” when betting on soccer games.

There are also many soccer tips you can find online forums that analyze game stats. Probably one of the best soccer betting tips is to take a look at all the online sports books before making your first bet; different sports books offer different bonuses and different odds, all of which affect your bottom line as a sports bettor. Therefore, simply taking some time to choose the best odds will put you in the right track to win big. Some of the best sports books online are William Hill, Ladbrokes, 888 Sport and Bet 365.

Soccer betting odds are not as favorable when the point spread (also known as an ‘Asian handicap’ is involved. So for beginners it is recommended to start playing with straight bets. This type of betting is also known as 1X2 where 1 is the home team, 2 is the away team, and X is a tie.

Because the skill in picking a winner based on a point spread is more difficult we recommend going with 1X2 wagers as predicting which team is going to win without giving an exact amount of points is a simpler task. Other ways to get a winning start when betting on soccer is to simply bet on the home team each time. While the odds are usually lower on home teams – they outperform both tie bets and away teams by a wide margin.

To increase your chances of winning, you should first stick to games where you know both teams and can easily tell what their behavior on the field will be like. You chances for success at betting on soccer will only decrease if you are betting on unknown teams, or are chasing long shots with no realistic chance of winning only to make a big score.