If you are anything like me, you will have tried every betting system out there to make money. You will also have found by now that betting systems ALWAYS make money. The funny thing is, they make money for the person selling them and not for the average punter!
There is an easy explanation for this and it is something that you need to know before you can then look to finding your own money making system.
RULE NUMBER 1: Buying betting systems will not work. Ever!
You have to remember that any system for Betfair or any other betting site will only work if it is not shared with other people and so buying somebody elses system is doomed from the start! The only way to have a profiable money making betting or gambling system is to make your own unique one. Let me explain:
Lets take Betfair as an example. You decide you are backing horses to win. In order to make a Profit and to make money, you will need to back horses at odds that pay more than the number of times your bets lose. So if you win on average every 5th bet, you will need to back horses at odds that will payout enough to cover the 4 losing horses, plus some profit.
If you succeed in finding horses at odds that pay out to exceed your losing runs, then great! BUT, lets say you now decide to sell your system. In time, 1000 people have your system, then 5000. These 5000 people are now betting on the same horse at the same time, blindly following your ‘Amazing Money Making System’. Betfair by its very nature, or any other bookmaker will lower the odds on the horse to adjust their books (or the market in Betfairs case)
Now, the horse that the 5000 people are backing will only pay enough to cover 3 losing horses in your system. Your system has an average losing run of 4 horses and so every bet will start to make a loss, even though the system is still working.
In sharing the system, you have now turned it into a non-runner!
RULE NUMBER 2: Your bank is critical
How many Money making betting systems have you bought that tell you you can run this system on a bank as small as £20, or $50?
Rubbish!
Lets say you are betting on horses again. Now imagine you have a system that picks one winner out of every three races on average. Mathematically, it may surprise you to know that you should allow for a losing patch of up to 25 horses and this could be entirely possible. Yes, you did read that right: 25 losing horses in a row!
When a system quotes that it wins one in three times on average, that average could be worked out by 25 wins in a row, followed by 50 losses!
For this reason, you need to use a far bigger bank than any system will advise and bet with far smaller amounts than they advise. Your bank is critical- without it, you cannot follow the system anyway.
RULE NUMBER 3: Discipline is critical
Betting Systems are not fun! Discipline is key. If you want to make money, you must run it like a business. You need accurate notes and records, fully dated. These records need to show data for thousands of bets before you can be sure your system will make money. Of course, you may get bored. Have a flutter here and there and make the odd bet that is not in your system for a bit of fun. These bets will ruin the records you are keeping and make a mockery of the results.
The other danger to discipline is winning or losing! It is very easy to hit a winning streak, get carried away and increase your bet amounts. It is also easy to hit a losing streak and increase your bet amounts to cover the loss in the hope that the next bet will be a winner. Either way will end in tears, as that ‘sure thing’ ends up walking round the course slower than your gran!
If your system says to bet £2 or $5 on the next bet, you must stick to it to stay in the game.
If you can follow these rules, plus actually find a system that works and that is not used by every other punter out there, you may have a chance at winning long term.
Of course, you could not bother and do away with the boring discipline, huge banks, losing streaks and record keeping.
I did and I am so much better off for it!
I stopped chasing the holy grail of betting, stopped working harder and started working smarter instead!
Quite by chance, I heard about a guy called Mike Cruickshank and my life changed……..
Mike claimed to have found a way to extract money from not just Betfair, but most gambling sites out there GUARANTEED. You can see from my above article that I would have been very sceptical at this. Only this time, he did not claim to have a ‘Betting system’, but a way to legally and systematically exploit the bookmakers at their own game.
He did not give a method of picking horses, or betting on teams, or even playing poker. Mike did not really care what I betted on. He did not care whether I knew about horses, or even if I knew how many legs they had!
He just gave me a simple set of rules, that when followed resulted in a guaranteed pay out.
Whats more, It does not matter how many people use his rules. It will continue to make money and profit for as long as there are bookies!
Mikes website is here. I highly recommend you take a look to see what he does………
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