Secrets to win any bet that the winner wouldn’t want to share

Betting can be a source of great fun if there’s a method to win. An underlying core concept is understanding the odds and making informed choices. If this is done well, the probability of a win is boosted significantly. The bookmakers and exchanges have on offer various schemes that offer prices on various sporting events. However, some places are determined as less “Bookie Friendly.” For seasoned individuals, the right odds are first understood, and then wise bets are placed when value is found to be on board. A Professional Gambler is inherently patient, analytical, observant, and fearless.

What can help you win?

What is of significance is how to manage their betting bank better. The stake set up for play should not only be within one’s comfort but also accommodative of the perceived risk. This means that a trade-off between win-loss is conducted, and objective quantification is done. Only then is a value assigned and the sum of money deployed accordingly. This art takes years to perfect through a deep understanding of the event/ game, the likelihood of an outcome, and the risk appetite. Betters use meticulous research, past data, and records of their own performance. Their betting bank is segregated from their sustenance kitty, and no emotional bias is linked to it.

Successful Gambling

The next key concept is that of diversification. It is often advised not to put all your eggs in one basket – a technique perfected by successful gamblers. The bets are not confined to a single event or underlying domain but spread across various markets/ events which are independent of each other. This helps bring the surefire way to contain portfolio risk.

Mind over matter

No matter what the outcome is, a good better can be singled out by their calm in times of market madness. It is impossible to win always and be on top of the odds all the time. The stand-out feature of a good better is the ability to stomach losses. While it is very easy to be on a high during times of win, the betting hero knows how to absorb losses, analyse the reasons for failure and factor the learnings in through a feedback loop. Effectively using the learnings will ensure de-linking the bank from emotional attachment to a decision which often may lead to over-betting and quick depletion of the betting bank in case of a failure. That is why it is so important to practice clarity of emotion and headspace.