The Ten Commandments Of Sports Betting

| February 3, 2011 | 9 Replies

Everyone else seems to be doing a selection of top tips for successful betting at the moment and quite frankly, I’m feeling left out.

So, rather than sit and sulk in a corner I’ve decided to send you my own version.

You might have heard some of the stuff before but that doesn’t mean it’s not worth a read – these tips are the very cornerstone of successful betting.

And, as ever with the Betting Rant, they are delivered in a far more stylish, original and entertaining manner than any other editor could dream of producing.

Welcome then, to the ten commandments of sports betting.

One: You shall pick your tipsters wisely.

A lot of the so called ‘tipsters’ out there are really scam artists that are purely after your money…

Others are genuine but, bless em, they just aren’t very good.

Now, admittedly there are some decent tipsters/betting info providers out there (many of whom I nudge you towards every now and again) but with a return on investment of nearly 50%, you won’t go too far wrong if you just stick with me!

Two: You shall not follow the crowd blindly just because that bloke off the tele says it’s a banker.

About 98% of bettors don’t make any money, therefore it doesn’t take a genius to work out that following the crowd is not the best idea in the world.

If you have a strong opinion that others don’t agree with then stuff em.

Three: You shall always take the bookmakers name in vain.

At the end of the day, they’re only out there to make money off you.

If they have a special offer running ask yourself why…

If they are tipping a particular horse/team/person, avoid it like the plague.

Four: Remember that not every day has to be a betting day.

Be selective in your betting…

There is more to life than winning money.

If nothing catches your eye, don’t bet.

Take the dog for a walk…

Watch a film…

Go to the pub with some friends…

But DO NOT bet.

I may not provide you with tips every week but when I do they’re usually worth waiting for.

Five: Honour your staking plan.

Select a staking plan and stick to it.

By having no staking plan you leave yourself open to all sorts of potential mishaps.

I mean, who’s better off…

The guy that stakes £10 on every bet?

Or the guy that stakes £30 on a losing 5/1 shot one week and then sticks £2.50 on a winning 5/1 shot the next?

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Six: You shall not lose your head.

Do not chase losses and if you are experiencing a tough losing run, try taking a break from betting altogether.

Chucking £50 on a 20/1 outsider you’ve never heard of is no way to win back that £1000.

Seven: You shall not be a bad loser.

No one likes losing but it happens.

Accept it.

Successful betting is all about winning in the long run, so if you can’t handle the heat, get out of my kitchen.

Eight: You shall keep records of your bets.

Keeping records is a great way of working out what’s going right and what’s going wrong with your betting.

It’s also a great way of weeding out all those spurious tipsters who claim to make money but actually lose it in the long run.

As an aside, my record is available to anyone and everyone…

Just send us an email to the usual address and I’ll provide a copy in two ticks of a flash.

Whatever that means.

Nine: You shall search for value.

People that place all their bets with one bookmaker and one bookmaker only make me want to tear my hair out.

Accounts are free to open so why, oh why, would you want to take 5/1 at your bookmaker when you can take 7/1 at another bookmaker?

Madness.

On a similar note, if no bookmaker appears to be offering decent value on a bet, don’t back it.

For example, if everyone is offering 2/1 on something you believe is a 4/1 chance, its best left alone…

After all, I’m no mathematical genius but backing 4/1 shots at 2/1 is never gonna make you any money.

Ten: You shall not covet your neighbour’s house; you shall not covet your neighbour’s wife, nor his male servant, nor his female servant, nor his ox, nor his donkey, nor anything that is your neighbour’s.

Just leave your neighbour alone ok!!

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Category: Betting Advice

Comments (9)

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  1. George says:

    Great write up, very helpful 🙂

  2. Bob Grimes says:

    10 commandments, great stuff you daft bugger

  3. Alan Brown says:

    great normal common sense stuff….

  4. Iain says:

    Be very aware of commandment 1. I’ve just had an email from BetFan extolling the virtues of Odds On Profits run by a guy called Andrew Cannon. I joined this venture but only lasted a month, it’s £75 a month. You get 2 very occasionally 3 tips a day and the reason it’s called Odds On Profit is that all the tips are way odds on averaging 1/3. On the Betfan email it tells you how many winning bets but mentions nothing about points profit or return on investment, that’s because there’s very little if any. At those prices you really need to double up to make anything and during my 28 days the double failed 14 times, you do the arithmetic yourself and see. What appalled me was the number of tennis bets that were wrong, in tennis you have only a win or lose, how can he get it wrong so many times? Avoid it like the plague

  5. Matt Houghton Matt Houghton says:

    Hi Iain,

    Thanks for the pointer. I can’t say that an odds on service is anything that I would consider running (or promoting for that matter)!

    The fact that there is no mention of profit or ROI says it all. It’s bound to have a high strike rate because they are odds on shots but that’s no use without profit.

    Matt

  6. Ed says:

    Having seeing any better advise than these 10 commandments on sport betting?

    Great work and a good article…

    Libertyed:)

  7. eric1st says:

    Thanks for this – I will abide by these commandments with the exception of Ten. Have you seen my neighbour’s daughter? Sincerely hope ignoring Ten has no detrimental effect on my profitabilty.

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