You may recall that in the first article in this series, I discussed how important value is when betting on horse racing.

Getting a price that is technically above what it ought to be is a big key to earning consistent profits from betting on horses, and is central to my own betting strategy. I teach a lot of my members this from day one.

It is down to you to effectively change your betting habits, and very often you wouldn’t even know that you had these bad betting habits, until they were pointed out to you, so don’t go blaming yourself here.

So once you’ve learned to look at value bets, and eliminate the habit of just betting on horses that are favourites to win their respective races, you can move onto the next good habit that you should have in your betting armoury.

Create a suitable betting bank that is appropriate to your financial circumstances.

How A Betting Bank Can Help You Achieve More Profits

This sounds such a simple concept doesn’t it? Do not let its simplicity fool you in to thinking that its not important, because it is absolutely vital to your success. Not having a betting bank can often mean you do not know how much you’ve bet this month, and just as important; how much you won versus how much you’ve lost.

The reasons for having a betting bank are so key for success when betting on horses. First of all, you are able to monitor how much you’ve bet, and how much you’ve won (or lost) each month. This is critical, particularly if you use a horse racing tipster service and you want to know how successful and reliable it is.

Secondly, it enables you to stake correctly on each horse that you bet on. For example, I advise my members that they use what’s called a ‘points system’ for their betting. Simply put, all this involves is dividing your betting bank, let’s use a figure of £100 for example, into 100 points. This means that you have complete control of what you’re betting.

How A Points System Correctly Structures Your Betting

You may decide, as I do with my service, that horses who you feel have an excellent chance of winning are worthy of a five point bet (the maximum bet I place on horses), which in this example would therefore be five per cent of your betting bank, so £5. Conversely, you decide that horses that have just a good chance of winning, may only need a one point bet, as the information you have about the horse, coupled with the horses form, is not as conclusive as it would be for a five point bet.

So in this instance you would only bet one per cent of your betting bank, and therefore only wager £1 on your horse.
This type of betting ensures that you can weather and recover fro the bad runs – as these are inevitable unfortunately, but you can also take advantage of the good runs too. Furthermore, you are in complete control and know exactly where you are from day to day, which is so important.

What You Should Not Be Doing When Betting On Horses

One of the big mistakes you as a punter can make, is to stake too high in proportion to your betting bank, and this generally comes out of wanting to make money more quickly. You have to think of the long term picture, more than the short term. If you have a betting bank of £100, as in our example above, you cannot realistically expect to make £100 per month in profit, this is just not feasible.

The temptation for get-rich quick is so rife these days, due to the many claims out there that it is possible to become a millionaire overnight. Let me tell you, it really is not. Lets look at how slowly, slowly really can catchy monkey…

How Small Gains Can Produce Great Results

Lets use our £100 betting bank again to illustrate just how powerful staking with an effective points system is. If by betting on horses each day, you only increased your betting bank by a mere one-half of one per cent (0.5%) every day, you would have a balance of almost £250 (£244 to be precise) after just six months, such is the effect of compounding and using a long term strategy.

So in six months, you could potentially more than double your investment with very minimal points gains. Not bad for starters and of course, this can be multiplied depending on how much your betting bank is.

So in summary, you can now see that by finding value bets, and betting correctly that your betting bank will grow. And of course as your betting bank grows, so you are able to increase the size of your stakes and therefore make more profit.

In Part Three of this series of articles, I will discuss more bad habits that punters do while betting on horses, that cause them to lose money hand over fist.

When you first heard about internet gambling, you might have been surprised by the fact that it was allowed to happen. When live gambling in casinos is so heavily regulated, how could internet gambling be legal? And even if the law allows gambling, statistics would have to show that only fools would play, right?

Forget the hype, but know the facts.

Online Gambling – Is it Legal?

The answer to this question? It depends. There are two major federal laws related to internet gambling:

• The Interstate Wire Act of 1961
• The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006

The first law made it illegal to use wire communication for gambling purposes. But, in 1961, lawmakers couldn’t have envisioned the internet. So although the internet does uses ‘wires,’ the exact meaning of the term allowed for too many loopholes.

So, in 2006, the second law was passed. It focuses on the online gambling company rather than the gambler. It is a felony for any company to accept any money related to online gambling. This is why the companies you can gamble with online are located outside of the US where it is difficult prosecute. But, the government also expects US Banks to stop money from going to these online companies. Because of this, you might eventually have trouble paying for online gambling with your US bank account or credit card. However, it is not a problem at the moment.

So while the federal government won’t come after internet gamblers, they could still be breaking the law. The UIGEA leaves it up to the states to determine whether or not internet gambling violates their state’s laws. Experts believe that any law states might pass would make it a misdemeanor to gamble online rather than a felony. And again, there is no expectation that states would pursue the gambler rather than the gambling company. But if you have any concerns, you should check with your state’s gaming commission to understand whether or not you are violating any state laws.

Basic Online Gambling Facts

There are several different types of online casinos, and we can only expect for them to get more elaborate as online gambling evolves. Today, the three main ones are:

• Web-based Casinos – these casinos allow you to play without downloading software and the possible pop-ups or spyware that may come with it. These casinos will require that you have a higher speed internet connection than the other types, since you’ll be transferring the games and graphics across the web as you play.
• Download-based Casinos – these sites require that you load their software onto your computer before you can gamble or play the games. These are generally faster, making them popular with players. Of course, you have to go through the initial set-up process, and you are risking the possibility of downloading software from an ‘unknown’ source – which always includes the chance that you could get a virus as well.
• Live-based Casinos – here, you are actually playing in a ‘live’ or ‘chat’ environment. Today there are even webcam-based casinos where you can watch a live dealer and even other players. This is as close to a walk-in casino as you can get on the internet.

Safety is probably the largest concern that online gamblers have, but when it comes to gambling, statistics show that trust in the industry continues to increase. This is evident in the increase in the number of players and funds invested between 2000 and 2006. It is estimated that the industry grew from about $10 billion to more than $14 billion in just these six years. You can gamble online safely if you take the time to investigate your options. Before you invest your money in playing, check ecogra.org, an independent, nonprofit agency that rates and approves online gaming sites.

Tip #1 Always do research on any betting guide you are considering to buy. Check different sites and find any reviews from people that have already purchased the guide.

Tip #2 Make sure that they offer a full refund or some sort of money back guarantee. Most guide sites will offer you a refund if you are not satisfied with your purchase.

Tip #3 Put your system to the test. Most systems will offer a wealth of advise and more than likely you will learn a lot from whichever sports betting guide you choose.

Tip #4 If for whatever reason you feel like the betting system you purchased did not offer you what you expected, then if they do offer a refund you should get your money back.

Tip #5 Repeat the steps above until you find the right betting guide for you.

If you are considering getting into sports betting, It is crucial that you have some sort of guide. A lot of guides even have win rates of over 90%. Imagine how much money you can make with a win rate of over 90%. It is very important that when you do use a guide that you stay focused and deviate. Not all guides are 100% fool proof, but they can get very close

Betting on football is a popular activity. It makes the game more exciting when you have money on the line. Plus, it can feel like you’re actually supporting your home team. When they win, you win.

However, betting does come with its drawbacks. Betting can get expensive, especially if you don’t win. So before you start, make sure you do your research. Make sure you know what you’re doing before you place your first bet.

When you bet on football, you need to have a good idea of who’s going to win the game. Not only that, the bookies have now created with they call a spread. This spread is the difference in points that a team is projected to win by. Bookies have created this to even the bets on either side. So this can make placing your bet even more difficult.

So what should you do? The first thing is to have a very good knowledge of football. You need to know who is critical to the team. You also need to know the teams strengths and weaknesses, and how these are affected by the conditions of the game. This includes conditions such as weather and injuries.

Injuries are especially important. Bookies tend to overreact to these. So you’ll see a big adjustment in the spread when an injury happens. If you know that your team won’t be affected by the injury, you have an advantage in placing your bet. However, use this advice with caution. Make sure the injury isn’t a part of a cluster of injuries that critically hurt the team’s offense or defense. This tip is especially important to your strategy for betting on football.

Sports betting has a long and glorious history. From the time men first starting playing sports, there have been wagers made about the outcome of the game. In the beginning, it was a simple process. You merely bet on one team, and if they won, you made some money.

Nowadays, the process has gotten a bit more complicated. One of the first concerns is the legality of sports betting. In the United States, the only legal gambling is from Las Vegas, Nevada. However, the rise of Internet gambling has made that line a bit fuzzier. In the rest of the world, sports betting is legal for the most part, although it is highly regulated.

The process of betting has also become more complicated. Bookies seek to make money off the bets, so they developed a complicated system. Now, you will find the odds are weighted so that one team pays more if they win. Also, there are spreads where one team has to win by a certain number of points in order for the bet to be considered a winner.

There are numerous places you can place your bets. In the United States, you need to go through Vegas, but you can do so online. In other countries, you need to follow their protocol. Most of the time, you will not receive trouble from the government – illegal casinos receive the brunt of any punishment handed down. However, you may want to investigate the casino you are going through before you place a bet, just to ensure your own legality.