In my opinion the importance of good money management while betting is THE most important factor to becoming a long term winner. Picking winners is great, but no one wins all of the time, no matter how good they are.

So what do I mean by money management? Well, to me money management is the art of keeping your losses to a minimum so that you bank is never affected too much by a single day of losses. Not only that but it is making sure, as best you can, that your bank grows over time. Bank growth is where the issue appears for most people.

Lets take a very common example…

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Betting can be a lot of fun, but if you are in it to make some money then you should start treating it as a business rather than a game (though having a smaller bank for fun bets is still a good idea).

It is very easy to lose your head when betting, we have all had moments when your well researched top picks don’t come in and you are left with a hole in your betting bank.

Make sure you follow a good money management system.
Money management is key to making and keeping your winnings. Find the money management strategy that best suits you and your budget and then make sure you stick to it.

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Some great racing action at Ascot this week, but I’m off to Redcar for today’s free horse racing tip…

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Some great racing action at Ascot this week. Today’s free tip for Friday’s Ascot horse races as follows…

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Finding value is the key to making profit long term from betting.  Not one single punter wins every bet he/she makes, in fact just getting a good winning percentage can be hard.  Don’t give up if you have a few loosing bets because the good news is that if you make sure you find the value you will profit long term.

Value simply means finding better odds than the chance of it occurring.  A crazy example might be a football match, lets say England v Andorra.   The realistic odds for England winning at home might be around 1.2, but lets suppose you see the odds available at 1.7?  This is a value bet it gives England roughly a 58% chance of winning the game, where in actual fact the probability should be more like 83%.  If you could pick a bet like this every day then you would be very rich.

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Spanish Grand Prix Betfair Trading

My initial trading bets with Rosburg and Glock didn’t really pay off, but after tracking the practice and qualifying it was clear that Rubens was going to be good in the early stages of the race. I backed him just before the race started and layed him after the first lap.

I placed bets on each of the drivers during the race, but couldn’t get that much on Button as he was always looking good and the odds were always low. I took a screen shot towards the end of the race as seen above. As you can see, no matter who wins the race at this point a profit will be made.

Trading on betting exchanges can be great if you think you can predict the flow of a race or game.

Note: Never bet with any money that you are not prepared to lose. This system is a high turn over system with the aim of long term profits; it is not designed to be used for single selections. Always form your own opinion when betting and do not blindly follow tips.

Yet another win yesterday with Watson’s bay. Todays free horse racing tips as follows…

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A few selections for Monday’s races at Wolverhampton, Pontefract and Hexham…

3:30 Hexham – Yankee Holiday Click to view current odds
3:50 Wolverhampton – Harry Up Click to view current odds
4:10 Pontefract – Standpoint Click to view current odds

Enjoy the races and good luck if you have a bet.

Note: Never bet with any money that you are not prepared to lose. This system is a high turn over system with the aim of long term profits; it is not designed to be used for single selections. Always form your own opinion when betting and do not blindly follow tips.

Two selections for today and both with very nice early odds…

Phoenix @ Miami
Phoenix and Miami will both be looking to bounce back after winning their last game, but it looks like it will be a close one. With this in mind Phoenix offer the value here.
Phoenix Win (odds/stake = 2.6/£16.50)

Houston @ Utah
This is either madness, or the value bet of the year. Houston are available (at time of writing) at odds of 4.5! Our system has them at 49.1% which means these odds are great value. Before I get too excited though I must remember that they still have to win.
Houston Win (odds/stake = 4.5/£16.50)

No bets are more than 3% of the bank.

These have all been selected by the system as having a 49%+ chance of winning with value odds.

Note: Never bet with any money that you are not prepared to loose. This system is a high turn over system with the aim of long term profits; it is not designed to be used for single selections. Always form your own opinion when betting and do not blindly follow tips.

I have made some changes to the program that produces the selections. This should mean a better return based on my long term testing, but as ever it remains to be seen until it has been running live. Sometimes that can be the kiss of death!

Portland Win (odds/stake = 2.96/£15.50)
Minnesota Win (odds/stake = 3.45/£15.50)

Both of these games should be good for trading on Betfair if you like to trade rather than straight bet. You can get a free bet there by using the ad on the right too!

No bets are more than 3% of the bank.

These have all been selected by the system as having a 49%+ chance of winning with value odds.

Note: Never bet with any money that you are not prepared to loose. This system is a high turn over system with the aim of long term profits; it is not designed to be used for single selections. Always form your own opinion when betting and do not blindly follow tips.