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 action on Tuesday at Wimbledon as Men’s second favourite Andy Murray and Women’s defending champion Venus Williams take to the court.

Murray faces Robert Kendrick and will be looking for a good opening to thrill the home fans. The system has picked this up as an easy win for Murray, but there is not that much value in the odds as they stand (Click to view current odds for Murray v Kendrick) and it may be better to trade in play on this game.

You can keep up with the action on the ‘Live Wimbledon Scores‘ tab above
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Click to view current odds for British GP at Silverstone

With qualifying over and Jenson Button struggling to make an impression for the first time this season, it looks from our computer race simulation that his team mate Rubens Barrichello could be the value bet of the weekend Click to view current odds for British GP at Silverstone.

The Reb Bull’s are looking strong, and with their new modifications will be hard to be, they will have to be on the top of their game though to keep the Brawn GP of Rubens Barrichello at bay.

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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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I should be busy at work on the new systems, but I just can’t resist a bet on Ascot . Today’s free tips for Ascot horse racing…

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I have been feeling a bit under the weather the last few days hence no updates.  Todays free tips for horse racing…

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A bit of a stinker on the horse racing yesterday, but I managed to cover the loss and more by betting and trading on the Manchester United game. It is almost a gift when ManU go a goal down, you know they will not stay there very often. Todays free tips for horse racing…

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Just one free horse racing tip today as my eyes will be on the Cycling with the Giro d’Italia …

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