‘Come into my parlor said the spider to the fly…’ AND ‘Hop onto the Web said the silver tongues to the newbie punters…’
Betting is closely associated with the term gambling that mainly relates to punters who wager time and money when the odds are against them. Gamblers often get caught by programs that only half work, having fallen for slick promotions and the lure of fast returns.
Whereas the elite punters take a professional approach. They operate like stock market speculators who do their homework and analysis before investing. Thankful speculators pick up tax free winnings as a result of the majority punters making unintended donations to a betting pool. It is unfortunate when low income earners such as single parents or pensioners are lured by the hypnotic spells and brochures of the con artists. They borrow money from friends and family that adds insult to the injury of shattered dreams and humiliation.
One should never pay thousands for any product even if it has a chance of working. This is could easily be a starting bank for a working system costing a mere fraction of expensive offers. Normally one only pays for what they get and yet this does not apply in the realm of rip-offs.
A decent bank is an essential tool for a professional who never risks more than a small percentage of a bank on a wager. Professionals always find an edge just like bookies whose odds results in a profit no matter the outcome. When using betting exchanges to either ‘back’ or ‘lay’ various runners, professionals use cutting edge tools that have an advantage. They use settings on software robots that exits a cycle when a modest profit has been reached. A betting bank that compounds over time is their game.
Betting on exchanges to ‘back or lay’ is a contest between punters in which the developer profits by skimming a commission off the dueling process. Speculators are happy to increase their banks by just a few percent a day having fully understood the ‘ins and outs’ of a system they use. Speculators rarely put more than one or two ‘irons’ into the coals at any one time. In due course their returns are far in excess of any bank interest or stock market gains.
Nobody releases a system that would make thousands of dollars for everyday people when they could employ their own staff to make them big money. There is no ‘golden goose’ product just plenty of unaware punters being circled by sharks of deceit.
Some betting systems on offer are for UK races and not appropriate to Australian punters due to the time frame of use. Other systems require sitting at computers watching the markets before making a choice to make them effective. Sometimes computers can be left running at night with robots making preset choices. Download usage mounts up and some computers are not up to the task of running day and night, especially laptops that may overheat.
There are a few review sites on the Internet that give tests and ratings to systems. Out of the scores of systems reviewed only a handful get a five star rating. A telling point is that most betting systems on offer are rarely submitted to reviewers on a voluntarily basis for a trial before luring punters. Be aware that some review sites are actually underpinned by the scammers. The smoke and mirrors are well and truly in place. Lift the veil by asking questions.
Never-the-less, there are ways to make a decent living as a speculator but not a gambler by definition. One way to invest is by arbitrage that results in a profit no matter which contestant wins. Arbitrage is low-risk but not completely risk free. Do your homework. A speculator can simplify matters by using ‘ewallets’ to stake funds between bookies. A large start bank is required to make an arbitrage process worthwhile and software aids can be used at a service cost.
Never pay thousands for an arbitrage system. Once again this is your betting bank and primary tool of investment. Putting money on a runner to lose (laying) sounds easy until you realize the liability that results if a runner wins a race. Using robots also sounds ideal but if those robots do not have precise settings and a sensible exit strategy with features like ‘kill or fill’ – can lead to losses. You need to do the thinking. The very risky aspect of ‘laying’ is when punters set their robots to a recovery mode that can escalate the losses. Use schemes that minimize recovery settings as much as possible. Good results can be made with a sensible approach and minimizing risk should be considered a golden rule of wagers.
When you increase your bank by a small percentage on a daily basis you are on the pathway to significant long term returns. Check out systems by typing in key words {name of the system}+ review in a search engine. There are some good sites that do quality reviews. Also the word ‘scam’ can be attached to the names of systems or the names behind them. Find out if the system has been voluntarily submitted to a reputable reviewer.
The best approach for laying (runner lost) are usually one good choice per day that leads to a building of the bank. This choice comes from a selection service. Do not be fooled by claims that services are a high 80% strike rate on laying. This is a minimum requirement when it comes to laying runners due to the liability factor. Robots also come with simulation mode. Regrettably the world of simulation does not account for unmatched bets in live mode that alters the outcome based on the law of averages. Make no assumptions.
People who succeed at punting do their research and find out all the weaknesses and stumbling blocks of using robots and a system. They do not enter a contest with rose tinted glasses obscuring their view. Speculators always want to know the odds are in their favour. The right approach to betting means leaving emotional decision making and impulse behind.
Place betting can be a another source of income. One approach is to aim for three or four place wins in a row and role over the money into successive wagers. Keep testing until you come up with a system that produces four wins in a row, three times out of five. Use a service that provides this outcome.
Another approach is to look for lay prices on (say) Betfair and look for back prices on a sports bet site that offers fixed prices and/or guaranteed best odds on the backing side. If the backing side value is more than the laying side you have an arbitrage prospect. There are special calculators available for factoring the arbitrage.
One could also enlist a betting exchange robot that indicates ‘greening up’ opportunities as the exchange market fluctuates. No matter how good these tools are you will require practice to take full advantage of them. Be prepared to budget on tools that give you the edge. Endeavor to do dry runs on systems for at least two weeks before you commit. Will you pass this discipline test and treat an exercise seriously or will you think that you can be the exception to the rule?
Do not be fooled by the endless visions of easy money being constantly flouted with dazzling finesse. Become a speculator who understands how and when the odds are in their favor. Top speculators reach a point where they wager no more than one or two times a day or week on a single event. They invest between $US100 to $US5000 a wager then spend the rest of their time enjoying their lifestyle. Their bank remains in accordance with the amount invested. Invest only what you can afford tp lose.
‘The intelligent learn from the mistakes of others.’
Products and services recommended by the author are found on: http://www.bettingspeculator.com
Author: Craig Walter
Article Source: EzineArticles.com
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