What do casino gambling, horse racing handicapping, lotteries, blackjack, poker, sports wagering and all games of chance have in common? If you guessed betting, then you are right. Those games, sports, activities are all about what they have in common. It is the risk that makes them more fun to watch and participate in. Let’s face it, sitting at a table and playing cards can be fun, but winning money makes it a lot more fun. Watching the horses race down the stretch is exciting, but much more so if you have some cash riding on one of them.
There is something called, “beginner’s luck,” that many people have experienced. When it happens you first try a game or on your first trip to the race track. It seems though that you don’t really know what you’re doing, you win money. That can be an intoxicating experience that leaves you wanting to come back and experience it again and again. In fact, you may decide that if you could just learn more about the game or sport, you could win even more. When that is the case, they say, “A little knowledge can be a dangerous thing agen poker online.”
It is certainly wise to understand that any game or sport you are betting on, but understanding the game or sport is really how you make money. What you really need to understand is odds, percentages, and to have a money management strategy. That means planning and knowing what you want and what the expected return is going to be. It all comes down to what gamblers call r.o.i. or return on investment. It actually has two parts, the “return of your investment,” for instance, the twenty dollars to win and a horse, and also the “return on your investment,” meaning a percentage of what you have risked, just like a bank. What you put in the bank.
For professional gamblers, an expected return of “on” and “on,” is critical. They need to get their original investment back so they can keep their bankroll healthy and also make a profit from it. For some horse players and sports bettors, 10% is a good return on their investment. So if a horse player or sports gambler makes $ 500,000 worth of wagers a year, he or she would expect $ 550,000 to win. In many instances the profit comes from one or two big hits and there are a lot of ups and downs (gambling is not a living for the weak hearted).
If you are trying to make money from gambling, my advice is to go ahead and learn the game, but make sure you understand the odds and betting that you will actually make a profit. Even a beginning poker player should understand Poker Odds and Percentages and can quickly become a money player by learning a simple strategy like Power Point Poker. Whether it is understanding pot odds, card counting strategy in blackjack, or watching the toteboard and understanding how to use the pools to your advantage, it’s all about the odds and finding good bets.
There are people out there who are very good at horse racing handicapping and picking winners and yet they are the most beneficial way to make their wagers know how to do it. Picking a winning horse or drawing in a good hand is not enough. You must understand how to find a good bet. A positive expectation with good bets is how some people stay ahead of casino gambling, poker, blackjack, horse racing handicapping, sportsbetting and lotteries. While you’re in the game, learning to love good bets and being able to walk away from unprofitable wagers will make you a winner.
Bill Peterson has been a professional horse player and card player for years. His innovative techniques were developed by Thinking outside the box. In his own words, the result of “A life well wasted.” Bill has been teaching the basics of gambling for years.
To See All of Bill’s Horseracing Handicapping Methods at Horse Racing Handicapping “No one can make you a winner, but learning the basics and a few little known secrets and techniques can help you advance your dream game.” My methods and customize them to suit your own style and you will be the top 99% of the crowd. “