Betting is a Business – Gambling is For Idiots!

My question to you today is, how much profit are you really making from gambling? (And please be brutally honest with yourself when answering that question!)

I hope you are winning! If you are then well done to you, as that surely is the goal for most people, but even if you are a rare winning gambler, are you making as much as you could? However if you’re not a winner then don’t worry as your not alone. In fact you’re in very good company, as an amazing 98% of gamblers lose money long term.

So assuming you are not winning, do you know why?

Well I’m going to hazard a guess the reasons are something like this;

a) Betting in the wrong types of races,

b) Blindly backing favourites (especially odds on shots)

c) No sense of money management,

d) Undisciplined approach

e) Chasing losses

f) Maintaining a ‘gamblers mentality’.

However if 98% of people are losing money it stands to reason that 2% must be winning, so who are these elite 2% and what is it that they do differently to the majority?

Well the elite 2% are the professionals and semi-professionals like me and we approach betting as a business. The betting industry like to call us ‘professional gamblers’ but lets just make one thing absolutely clear here, one thing we are NOT are gamblers and this description couldn’t be further from the truth – we don’t bet for fun, or for the sake or thrill of it. We bet for one reason and one reason alone – TO MAKE A PROFIT!

I’ve said this many times before and I’m going to say it again – ‘Betting is a business and gambling is for idiots’ – So let me try and explain the difference between betting and gambling.

As I have already stated I am a professional and as such I am in the business of betting for only one reason – to secure slow and steady long term profitability. To achieve this outcome betting professionally has to be BORING and MUNDANE, from a psychological point of view the result of just one race becomes almost irrelevant to me, as in the long term I know I will make a profit from my betting strategies.

The point of running any business is to make a profit and to achieve this outcome I need the following three elements to work in my favour:

a) A betting bank,

b) A staking plan

c) A betting strategy which will deliver profits over the long term.

The betting bank needs to be big enough relative to my stake size to withstand the inevitable losing runs. It is also important that psychologically the betting stakes are well within my betting comfort zone, meaning that my pulse is never racing either before during or after a bet.

The moment your pulse starts to race should immediately alert you to the fact that you have stopped betting and are instead gambling, something has gone wrong with your strategy and you have become either uncomfortable with the size of your stake or have lost confidence in your chosen betting strategy. The inevitable result of this will be a breakdown of discipline and a desire to start chasing your losses, which is something I NEVER do. When I have a poor day then my attitude is always the same ‘cest la vie’, there will always another day.

I have many diverse and varied betting strategies within my betting portfolio but for the purposes of this exercise let me use my ‘Hughie’ Place Betting Strategy as an example of the above philosophy in action.

‘Hughie’ Place Betting Strategy

Here are the Hughie results for the six months to 01 June 2009. (I could use any 6 month period from over the past 9 years, in fact some previous half yearly figures would show higher profits. But these are the latest figures and emphasise the points I am trying to make.

The results are based on a betting bank of £400 and the stakes being used are as follows £2, £4, £8 and £12

Oct 1 + 77.63

Nov 1 +129.90

Dec 1 + 14.34

Jan 1 +179.83

Feb 1 +116.37

Mar 1 +169.58

Apr 1 – 3.62

May 1 + 13.81

Jun 1 + 77.78

The first thing you will notice is the relatively small and ‘boring’ size of the stakes I am using in relation to the size of the betting bank. By staking such a small percentage of the betting bank on the ‘Hughies’ takes all the stress away instantly, as the bank is never in any danger of going bust and the stake size is always well inside my betting comfort zone. Some of my members bet the ‘Hughies’ to much bigger stakes, however if the stakes are doubled or trebled then so must the bank.

As you can see you could comfortably follow this particular betting strategy to the advised stakes and at betfair sp safe in the knowledge that win, lose or draw over a long term period of say 6 months you would be comfortably in profit. You wouldn’t need to watch any races biting your finger nails praying that a particular horse hung on for a place, because you would be confident that the strategy works and one or two horses not placing wouldn’t make one jot of difference to the ability of the strategy to deliver a long term profit.

I keep using the phrase ‘long term’ because it is essential that you understand that it takes this long-term approach in order to succeed with any betting strategy. Just have another look at the ‘Hughie’ results above and you will clearly see that the months of March and April were not good months for the ‘Hughies’. At the time I remember saying regularly in my daily column that it was probably down to the transitional period of switching codes from the ‘jumps’ to the ‘flat’. For me though that’s just part and parcel of any strategy – we will have these bumps but will come away unscathed as all that matters is to maintain a long term strategy. The plan works, as it doesn’t require me to either lose faith or panic. That said any member who joined in March or April and followed my advice to concentrate on the ‘Hughies’ would have been pretty downhearted by the end of April as it would appear to them that the ‘Hughies’ are a poor bet. However any member joining last December enjoyed a terrific run and would have had a totally different opinion of both ‘place betting’ and me.

I think this point clearly demonstrates the importance of taking a long-term view of any betting strategy (12 months minimum I would argue)

Anyway this example of how safe, slow, steady, boring but consistent profits are generated month after month after month is just one aspect of a strategic and professional betting approach and hopefully demonstrates the difference between the excitement of gambling which is for thrill seekers and the boredom of betting which is my business.

Casino Craps Secret "On the Hop" Bet – Alternative to Hard Way and Easy Way

On the hop is the name of a wide range of wagers that players can make in the game of craps. First of all, casinos usually will not display or show this bet on the table itself and there is a good reason for it. This is actually why some would say it is a “secret” craps bet. As arcane as that may seem, that does not necessarily mean the odds are that great.

Basically, the “on the hop” craps wager is almost the same thing as the hard way craps bet and the easy way craps wager. All you are doing in this bet is wagering that the shooter will roll a specific combination of the dice. For instance, you could tell the dealer that you would like to bet on “2 and 3 on the hop”. Basically, this means you are wagering that when the dice are thrown, one will be a 2 and the other will be a 3. This is actually the same thing as an “easy 5”.

Players can also wager on rolling double numbers. For instance, you can tell the dealer that you would like to bet on “4 and 4 on the hop”, which is exactly the same thing as a hard eight. Note that the hard eight option is actually displayed on the craps table and it usually pays out 9:1 (or 10:1 depending on casino rule variations). When playing on the hop, you could roll a hard eight and get paid 30:1 odds!

This means you would be paid $30 for ever $1 wagered. You can also wager on the rest of the hard numbers like hard 4, 6, 8, 10 as well as snake eyes and boxcars (2 and 12). All of these will pay out 30:1 odds when you play on the hop. One thing to realize is the “on the hop” bet is a single roll wager, meaning you must roll that specific number on the next roll to win, otherwise you automatically lose. The hard way bets allow players to keep rolling the dice until they win by rolling the number or lose by rolling any seven.

So in the end, the odds stay just the same and the house edge is just as large. In fact, if you wagered on the hop for doubles (hard numbers), the house edge is a whopping 13.89%, which is not ideal at all. Though this bet is still available for players to use while playing craps and players can use it for additional single roll bets instead of the normal multi-roll bets for hard way options.

The reason casinos don’t put this bet on the table is because there are so many possible combinations to wager on if you consider all the easy way bets available. So they just left it out and kept a few of the common ones that are found on the proposition betting area in the center of the craps table, rather than crowding out an already complicated looking table layout. The dealer should know what you are talking about if you are asking to bet “on the hop”.

Get More Website Visitors Without Going Broke

In the never-ending quest to make money online, every website owner wants to get traffic to their website fast.

The main problem they face: finding traffic that converts into buyers without breaking their bank.

In their haste to get the traffic they need, many website operators start throwing money at the problem buying ads and exhaust their advertising budget without any meaningful profit (unless you count the person they paid for the advertising).

The following three rules should help any business, big or small, make money with their online advertising.

** Set An Online Advertising Budget **

Most businesses, especially smaller ones with only a few people (or even one person), don’t operate with an advertising budget.

The advertising money gets spent when everything else gets paid, or worse, they spend money on advertising without a plan so they’re basically gambling with their money.

By setting an advertising budget, you can factor it into your overall business picture and it gives you a yardstick to measure results.

If you budget $500 a month to advertise and look for ways to spend that money wisely, then your business will grow more predictably than if you advertise sporadically and then wonder why you don’t operate with a predictable income stream.

** Follow The Numbers **

Unlike offline advertising on billboards, magazines or in direct mail, you can track virtually all aspects of an online ad, including: how many people saw the ad; how many people clicked the ad; how many sales and how much revenue the ad generated.

Since you can track everything, you can test various phases of the advertising process.

Regardless of whether you operate a real estate agent website, sell an ebook, or hawk your plumbing services online, you can and should measure each phase of the advertising process.

If clicks on your ads fall below expectations, then work on your ad until it generates a healthy click-through rate turning viewers into website visitors.

If you don’t convert very many of the website visitors you get into buyers, then your site needs work to do a better job of selling people.

By following the numbers, you can see where you need to focus in the online sales process.

The number one rule of online advertising: use a unique tracking link for each and every one of your ads, preferably one that tracks not only unique visitors, but also sales.

This might add an extra 5 or 10 minutes of work to placing each ad, but it will allow you to see which ads make a profit (so you can run them again) and which ads don’t (so you can change or cancel them).

** Go Beyond Pay-Per-Click **

Google AdWords and Overture, the Web’s top pay-per-click advertising sources, have made people lazy.

Many website owners never go beyond buying advertising from these two. However, a whole world of advertising exists buying ads on websites targeted to specific niche audiences.

For more, check out http://www.adbrite.com, a leading broker of online text link and banner advertising.

Copyright 2005 Jim Edwards

Where to Find the Lotto Winning Numbers for the Next Draw?

If you want to know what lotto numbers will be drawn next live draw to write them on your lotto ticket, you should be in the same place where are the lotto numbers, before they enter into lotto machine. I refer clearly to lotto numbers and not to numbered balls, right? I find that it is necessary to make this distinction, because they are two different things.The numbered balls have a visible room where they rest between the two live draws, into total inactivity, while the numbers, because their function to show how many times each ball has been drawn, have created a permanent changing structure into a non-physical plan.

Okay, dear reader. In order to be in the same place with the lotto numbers, firstly you have to prepare your subconscious mind. It must accept to accompany you to that imaginary place.That is the hardest thing to realize and that is why you must to start with this point. Your subconscious mind is like a balky horse. You want to go to the right, the horse pushed you to the left. The subconscious mind is a very, very powerful component of the mind. It has years of informational data, since you were born until this moment. It keeps the thinking patterns, emotional habits, new ideas forming secret and a variety of beliefs and behavior patterns. All these influence how you think, feel and behave in every day of your life.

Joel Arthur Barker said: “Vision without action is merely a dream. Action without vision just passes the time. Vision with action can change the world”. The situation is that, if your subconscious mind resists, it is hard to see how a virtual structure of numbers can help you to win the lottery. But if it allows you to visit that imaginary place and, you act in accordance with its instructions, you can select the winning numbers by adding meaning to their position, circumstances and conditions. That comes easily by blending your vision with your actions. Use your imagination as a tool and then, you can open and reprogram your subconscious mind to collaborate with you.

The last 40-50 previous draws represent the virtual place in which are found all the numbers of your lotto system, before they enter into lotto machine. Therefore, in this place are found all the winning numbers of the next draw. Now take action and make a visual written model with their arrangement by their frequency. Next, start to observe their position, conditions, features, motion and circumstances and you will have a complete picture of them. Changing the entire way you acted in the past, you are now ready to become the master of your lotto system. All what you need now, is practice, practice and again practice and to think more positively. Feel happier that you found such information that will increase your ability to win the lottery.