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Staking Appropriately When Betting
Staking incorrectly is a standard mistake
If you have used a betting system of some kind, whether or not that be for the horses, greyhounds, or sport, it is essential to use it accurately and to have the proper attitude. If you will go after horses which pay round 10/1 then you need to realise that you just need one win in eleven just to break even, in case you can beat this win ratio then you are in the cash, but lots of punters will use a system, then after just one loss, will announce, "The system doesn't work."
The real reason why the system did not work for them is because they never gave it an opportunity to work. Some punters will follow a system for a wee while then hand over on in after a shedding streak only to overlook out on the winners which would have recouped their losses; you want to have a big enough bank as a way to maintain you throughout a bad run.
The winners will not come in an orderly manner; they will come in clumps, and so do the losers. In case you have a winning percentage of 25%, you will not get 1 winner for each 4 bets. It's quite possible to get 9 losers in a row and then three winners in a row. You may have struck a bad run however have still achieved your successful ratio of 25% during that particular run of 12 bets.
For many punters, it is just not lack of money which is the problem. It is their lack of faith in the system throughout a bad spell. As a system's punter, you have to be mentally sturdy to withstand this.
One other cause of betting system failures is inaccurate staking.
I know a few punters who started off with sports betting in the cricket world cup; they wager on New Zealand, and all was going well after they have been successful however then they misplaced three games in a row which wiped out their profits plus their original stake.
Their problem was incorrect staking; they wager too much in relation to how much they had in their betting account.
In different words; they placed too many eggs in a single basket.
You have to do the maths; when you decide to bet on teams paying a minimum of $1.50 (half of), that means, you will want a profitable rate of sixty six% just to break even.
As you take on betting types with more risks, you need a bigger bank roll to tide you over throughout longer losing sequences which will occur once you guess on trebles, jackpots, and the like.
There are all types of staking systems about, however the most dangerous is to extend the scale of your bets with every loss. It is too easy to get out of your depth with this type of staying and lose more than you can afford.
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