Betting really isn’t that different than investing in the stock market or driving a car: You have a goal (to make money or to go somewhere) and you have a way to do it (through a bet, an investment, or your car). Now, anyone in the world can invest or drive a car but to do so successfully – in a way that helps you arrive at your destination – takes skill.
So to bet or invest or drive a car, you need skill. What kind of skill? It’s not a secret, but not a lot of people know what that skill is. Betting is not about knowing who will win. Investing is not about knowing which stock will do well. Driving is not about knowing how the car is made. The secret is…
Information.
You need information to accurately tell you which stock is likely to go up or down and you need information to help you drive the car properly (such as where to do, how to avoid accidents, etc.) In the same way, betting is about information management: taking in information, interpreting that information, and acting on it for a purpose… and that purpose is profit. In this book you’ll learn about how you can do those three things – take in information, interpret it, and act on it – although we will specialize in just one area: interpreting the information.
You already know how to take in a lot of the information: you can read the odds, you can gather histories of the athletes and their wins and losses, you can look at the weather or the environment.
Archive for March, 2010
Casino operators use the occurrence of these events to calculate the odds for the various occurrences within the game. You must identify those events which are good bets for you and those which are good bets for the casino and avoid those that are overly favorable to the casino. Understanding these odds allows us to formulate a winning gambling strategy for each game that we choose to play.
Every experienced gambler should know that each time the cards are dealt, the wheel is spun or the dice are rolled, we will loose more times than what we will win. This is a statistical fact of gambling. By only placing bets that are favorable to the player or bets in which the house has only a very small advantage, we can increase our chances of becoming a winner.
You can find many free gambling strategies on the web for almost all gambling games. Many of these are sound and feature material that will take you from being a novice to a respected player in a short time frame. Take off your rose colored glasses when you read these gambling strategies because some are sound and are really good advice and some are well… very esoteric. Technical playing skills alone will not make you a successful gambler in the long run. Aspects of psychology, your nerve, personal courage and determination are also required and will be discussed in another article.
All online casinos offer cash bonuses to attract new players. These cash bonuses can dramatically increase your chances of winning and should be seriously considered when formulating your gambling strategy. Likewise many casinos offer loyalty programs and reward players on the basis of the amount of money wagered each month. Try keeping a record of your wagers during a gaming session. Whilst you may have only started out with say $100, you win a bit, you loose a bit during the course of the session but your total wagers may amount to several thousand dollars and this is the number used to calculate your loyalty bonus. Regular players should take advantage of these programs.