Online since 2006
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It's natural for us to want to back the teams we think will win, but we have to be a bit more "wised up" than that to make profits. The odds we bet at must more than justify the risk involved.
Let me explain: If you find 50% winners from your selections, but the odds of the selections are odds on, you will lose money in the long run. To make a profit, the odds of the bets you place, must be bigger than even money. Knowing who you think will win isn't enough. You have to know how often they are likely to win....and that proves the hard bit for most bettors.
Increasing or decreasing stakes after a winner or a loser is not the answer! If you don't make a level stakes profit, no amount of juggling with stakes will turn a loss into a profit. Anyone who suggests otherwise is either mistaken, or is misleading you.
If we could turn a loss into a profit, we would all be able to head down to the casino, double our stake after a loser, and end up being a winner. Not so! Don't ever believe this to be the case no matter how many "safeguards" you are told are in place. You will lose in the long run - guaranteed!
None us like losing runs. None of us want losing runs. But we all get them!
Losing runs will be closely associated with the odds you bet at. If you bet at 10/1 you will have longer losing runs than if you bet at even money. As long as the odds on offer are greater than the risk involved, you will make money in the long-term, but in the short-term, the losing runs will be greater when betting at longer odds, than when betting at shorter odds.
You need to have a betting bank of sufficient proportion, and use staking levels that reflect the size of your betting bank. This makes betting as stress free as it possibly can. You can only cope with losing runs if your bank size and staking levels are correct. Otherwise you risk going bankrupt, and your blood pressure will go through the roof as the losing run fails to come to an end!
5 Reasons To Lose
Searching for winners rather than "value bets".
Poor staking strategies.
Inabilitiy to cope with losing runs.
Unrealistic expectations
Not having a ratings system that is better than the methods used by bookmakers.
Most people lose money from betting all their life. Winning is very difficult because the bookmakers are good at what they do, and they have the over-round betting percentages in their favour.
Profitable betting isn't about doubling your money every week, or having access to "secret" information that can't lose (not in the football sphere anyway). It is more like grinding out a couple of points profit each week, and seeing the profits grow over time. Winabobatoo recommended bets have made 130 points profit in two seasons.
As an example, if you bet at even money, the chances are that you will find around 45 winners from every 100 bets you place. You will get 90 points back for every 100 you place, and make a long-term loss. If you find 55 winners per 100 bets you will get 110 points back for every 100 you place and make a profit. if you can do this, and make 10% profit on turnover, you have done exceedingly well.
If you rely on league tables, or similar, to formulate your views and opinions, you will probably draw similar conclusions to the bookmakers. They will "under-price" the teams you want to bet on, and you won't make a profit.
To find the value aspect in betting, which is the ultimate key to turn loss into profit, you have to have a method of assessing teams' abilities that is superior to league tables, and better than the methods the bookmakers use. This is where the engine of Winabobatoo comes to the fore - the Winabobatoo ratings. The prediction abilities of Winabobatoo identify the games where the bookies have over-priced teams, and by betting on these outcomes, we generate long-term profits.
Download the Winabobatoo Money Management Guide and Betting Simulator to help you understand more about staking and losing runs.
Download the Winabobatoo Guide, "Finding Winners, Finding Profit," to see how the Winabob ratings are used to make profits.
Download the "How To Devise A Ratings System," guide if want to develop a ratings system of your own.
Download a copy of all the recommended Winabobatoo bets for the last two seasons and see how members have won their money.
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