Good Bet Advice

Sound Bet Advice For Beginners and seasoned punters

Racehorses Riding Out

Every punter has their own preferences when it comes to bet advice; do you prefer frequent wins with short prices or are you prepared to wait for those elusive big priced winners?

Are you content with the occasional bet or do you prefer several every day. 

It's absolutely okay for every punter (gambler) to have their own style when it comes to betting advice. Let's break down the two options and explore the pros and cons of each:

Frequent Wins with Short Prices:

• Pros: Psychological Boost: Winning frequently gives you a positive reinforcement loop, keeping you engaged and motivated. Lower Risk: Short-priced bets are statistically more likely to win, minimizing potential losses. Steady Profits: Over time, consistent small wins can accumulate into a decent profit.
• Cons: Smaller Returns: Short odds naturally translate to smaller payouts, meaning you need to wager more to see significant returns. Less Thrill: Frequent wins can feel less exciting than the anticipation of a potential big win. Can Be Time Consuming: Constantly seeking out and placing numerous small bets can be time-consuming.

Elusive Big-Priced Winners:

• Pros: High Payouts: A single winning bet on long odds can bring a substantial return. Excitement: The anticipation and potential reward can be very thrilling. Requires Less Frequent Betting: You don't need to place bets as often, freeing up your time.
• Cons: Higher Risk: Long odds bets are less likely to win, meaning you could lose money more frequently. Demoralizing Losses: Losing a string of high-risk bets can be discouraging. Unpredictable: Waiting for that big win can take a long time, requiring patience and discipline.

Finding Your Balance:

The ideal approach often lies somewhere between these two extremes. Here are some factors to consider when developing your betting style:

• Risk Tolerance: How comfortable are you with potentially losing money?
• Time Commitment: How much time can you dedicate to researching and placing bets?
• Financial Goals: Are you looking for quick wins or long-term gains?
• Personality: Do you enjoy the thrill of high-risk bets or the satisfaction of consistent wins?

Beyond Frequency:

Beyond win frequency and price, there are other factors to consider when taking betting advice:

• Quality of Advice: Look for reliable sources with a proven track record.
• Do Your Research: Don't blindly follow advice, understand the event and teams yourself.
• Bankroll Management: Set a budget and stick to it, avoid chasing losses.

Remember, gambling should be seen as entertainment, not a guaranteed path to riches. Develop a responsible betting strategy that aligns with your preferences and keeps the experience enjoyable.

Online Virtual Horse Racing

ROI Bet Advice

Yield or Return On Investment (ROI) tells you how much you need to bet with a tipster to make a profit. For example if a tipster has a ROI of 10% this means that for every £100 you place in bets you would expect to make £10 in profit.

A horse racing tipster will often produce bets with higher odds due to the higher number of possible outcomes but his strike rate may be lower than a football tipster who may only have three possible outcomes: a win, a loss or a draw.

However the football tipster may require you to use more of your bank on a bet as the odds may be smaller.  The horse racing tipster will advise bets at big prices but there will be longer losing streaks so the answer is to stake less of your bank. Whereas the football tips will lose less often so you can bet more of your bank as you know you will get a winner before your bank is exhausted.

Of course you will need to check how many bets a tipster makes per month on average. It may be that the horse racing tipster tips a large number of short priced favourites in which case the strike rate is likely to be good; in this case you can reduce the size of your stake in the expectation of more frequent wins.

In football and other sports it is possible now to find a much wider range of bets other than the win, loss or draw. For example you may bet on the player or team to score first, how many corners in a match, what the score is at half-time and many others. These more obscure bets may well produce better odds so a close eye will need to be kept on the strike rate.

One good piece of advice is to keep records of all bets so that you can refer back and check the results and act accordingly. If you can check out past results of a tipster to ensure they are consistent, bearing in mind that every tipster will have a spell of losing runs.

Once you have joined a tipsters service then stick with them for at least 3 months - don’t jump ship at the first sign of a losing run.

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Above policies updated 15 March 2018