Waste Wheelers

Author: Max Redd http://www.reddracing.co.uk

This is the third instalment in a series of articles on profitable betting through sensible money management. So far, I have discussed the importance of getting value when you bet, to maximise the returns you achieve when your selections win. In the most recent article you should have learned to keep your stakes in proportion to the size of your betting bank.

Today I want to examine a common mistake that often gets punters into serious trouble – chasing your losses.

I don’t think there can be many of us who have not at some time, decided to get back what we just lost by betting a little bigger on the next race. It is sometimes known as progressive staking.

Let’s take a simple scenario: you bet £10 on Red Rum, and he loses. What do you do? Perhaps you continue with your selection methods and come up with another pick in the next race – Best Mate. The price is 6/4F

But, rather than putting another £10 bet on Best Mate, you decide to ‘chase’ your loss from the last race. You add another £7 to your stake so that when Best Mate wins you will pick up an extra £10.50 to recover the bet you lost on Red Rum. Good plan? Could be, after all Best Mate is a sure fire winner, right? May be. May be not!

What happens if Best Mate loses? You are now £27 ‘in the hole’. But you still have a plan. Your next selection is a dead cert winner at Even money. You place your usual £10 stake plus an extra £27 to cover your losses so far. No need to worry. When this one comes in, you will have re-couped your losses and have a £10 profit to show as well.

Let’s take a step back here. You are staking £37 to win a £10 profit. Think about it – you are effectively getting odds of only around 1 to 4 odds-on about a horse that is Even money in the market. That is terrible value!

You may escape this time and your horse may well win. But what if, heaven forbid, your red-hot even money favourite fails to win? After just three bets, you are down to the tune of £64 when your normal stake is just a tenner!

Long losing runs do occur, more frequently than you might think, and even with short-priced selections.

If you spent a day in a casino at the roulette tables, and analysed how many times you witnessed a run of 7 or 8 consecutive ‘red’ numbers, I would not be at all surprised if you saw this happen four or five times – in a single day. Here we have pretty much a 50/50 bet, even money, that the roulette ball will land in either a red or a black slot. Yet I was amazed to learn that the longest run of the same colour (reported) was THIRTY-NINE consecutive reds!!

Imagine if you were betting on black, and saying to yourself each time “no worries, it’s got to be black next time…. Surely?”

But let’s go back to the more common occurrence of a losing run of 7 even money bets. We will be betting on the red.

We place a £1 bet on the first spin. It’s black. We chase our loss by ‘doubling up’ and next bet £2. If we were to carry on in this manner, after 6 spins we would be betting £64 to win our original £1

I sincerely hope my point is getting across. By chasing your losses you can very quickly see your stakes climbing to preposterous levels, to win your original, relatively small stake. The risk is way out of proportion compared to the potential reward.

One last example to really ram the point home. The Racing Post runs a tipster competition. All the leading racing journalists are involved, representing the nation’s newspapers and horse racing publications. These are experts at tipping horses. Take a look at the results table any day, and see for yourself the longest losing run. Remember, these are the experts.

I looked today, and Racing Post PostData has suffered this season a losing run of twenty-seven. Twenty-seven consecutive losers from an expert tipster! And believe me, he is not on his own, just the worst offender this season so far.

There is an old saying – “Don’t throw good money after bad”. If your selections don’t make a profit from simple level stakes betting, don’t try and make them profitable by throwing more money at them. You may survive with a profit for a while, but this approach is a disaster waiting to happen. Sooner or later you WILL blow your entire bank chasing a disproportionately small profit.

If your selections don’t make a profit from simple level stakes betting, change your system.

Max Redd
http://www.articlesbase.com/sports-and-fitness-articles/betting-on-horse-racing-sensible-money-management-part-3-122615.html

thought banks wouldn’t accept checks or western union from a offshore sportsbook ?

Western union doesnt ahve anything with the banks, plus noone knows where the money comes, its the same with checks. THey are issued from someone, there is no statement on them that they are fromgambling. Thats why people prefer checks or WU.
Another note is that you can play only on USA friendly sites, the other doesnt accept americans.
Good USA friendly bookmakers can be found here http://www.gamblingsafe.net/usa-friendly-sites/usa-friendly-bookmakers.html

How to watch NFL football preseason games live through the internet ? thanks.

You could try a tv for pc to watch NFL games live online. Get it here.

http://top-tv-online.com

There are hundreds of worldwide TV channels like ABC, TNT, ESPN, CBS, FOX, BBC, Sky TV, CBC, VS. NBC, TSN, Local…
Download and install it on your computer.
With it, you can watch NFL games and lots of tv channels live online legally, comfortably and in good quality.
No matter where you live . Hope this helps.

There are some very good books on the market for people who want to learn how to be a good horse racing handicapper. While it is unclear if the authors do really make a profit over the long run, one thing is certain, you can become a better handicapper by reading their strategies for betting success. Making a profit playing the horses is the goal of a lot of people, but what is really involved and how long does it take?

First of all, there are several ways to be a professional handicapper and let’s clear up which way we are talking about in this article. The ways to make money betting on horses nowadays are, a. enter handicapping tournaments, b. actually bet on the horses using your own money or for a syndicate of investors.

For the purposes of this article, we’ll be talking about plan b. If you want to make money by handicapping horse races then you should know you are up against a tough challenge. I would have this advice for you…

Tip 1.
First of all, read everything you can get by the major authors such as, Beyer, Ainslie, Davidowitz, Quinn, etc.

Tip 2.
Secondly, and this may be the most important part of making money on horses, learn how to gamble.

There are two very distinct challenges to making a profit at the horse track. The first, of course, is learning about horses and racing and that, in itself, can take a lifetime. The second challenge is learning how to bet properly and that, too, is very complicated and demanding. It seems diabolically simple at first, you just go up to the window and tell them what you want, give them your money, take the ticket and walk away.

But how you invest your money, in what increments and on what propositions, is much more complicated. It is gambling, one of the oldest human pursuits and one of the trickiest. It is a contest of wits, skill, and courage. You are competing against others with varying intelligence, experience, determination, information. The number one skill that any professional horse player cannot succeed without developing is the gambling skill. While his or her handicapping skill may be mediocre, the gambling skill has to be top notch.

Tip 2-a.
In order to learn how to gamble, you must understand human nature, your own nature, and mathematics.

Knowing about human nature will help you to exploit your opponent’s (the crowd) weaknesses while not allowing yourself to be vulnerable, which brings up knowing your own nature. If you know when you are weak and therefore don’t play, you will avoid a lot of losses. If you know your own strengths and build on them, you will multiply your gains.

Knowing mathematics will enable you to know when you have the advantage in a situation. A simple example is knowing that a horse going off at 2-1 has a fifty percent chance of winning.

A good gambler is an opportunist and can make money many ways in life. He or she can also avoid a lot of problems in life by being able to assess a situation and know whether the risks offset the possible reward. That is true of many situations, not just betting on horses.

Tip 3.
Therefore, since gambling and risk taking are integral to success in a wide range of human endeavors and will be encountered throughout your life, I strongly advise you to spend 30% or less of your time and effort learning how to handicap and 70% of your time and effort learning how to gamble.

Bill Peterson
http://www.articlesbase.com/horse-racing-articles/tips-for-betting-profits-from-professional-horse-racing-handicappers-1134708.html

Looking for a good way to watch NFL football preseason games live streaming online. thanks.

You could try a tv for pc to watch NFL games live online. Get it here.

http://top-tv-online.com

There are hundreds of worldwide TV channels like ABC, TNT, ESPN, CBS, FOX, BBC, Sky TV, CBC, VS. NBC, TSN, Local…
Download and install it on your computer.
With it, you can watch NFL games and lots of tv channels live online legally, comfortably and in good quality.
No matter where you live . Hope this helps.

Author: Max Redd: www.ReddRacing.co.uk

Perhaps like me you shared in the jubilation of Agnes Haddock as Taranis came to win the totescoop6 handicap hurdle at Sandown last Saturday. By selecting the winner, Agnes secured herself a £248,288 bonus to add to the £410,332 she won by completing the totescoop6 the previous week. This king’s ransom came out of a workmanlike £2 bet.

To win the totescoop6 prize fund a punter must pick the winners of six selected races on a Saturday.

Channel 4 had a camera fixed on Agnes as the race unfolded, and as Taranis jumped to the front at the last hurdle, viewers witnessed as her expression turned from one of hope and yearning to sheer exaltation at the line. Fantastic television!

My wife and I hugged each other and we were genuinely thrilled for the laundry woman from Cheshire. “It’s like she’s won the Lottery” said my wife. “No it’s not!” I contested, “It takes skill and judgment to pick the right horses – the Lottery only needs you to pick 6 numbers at random.”

The irony of Agnes’ win was not lost on me: this luckiest of lucky ladies had picked her horses purely on folly, or because the names appealed to her!

Her first selection Simon won at 7-1 in the 2.25 at Southwell. Agnes said: “I picked it because I used to work with a really nice lad called Simon.”

Her second choice was Exotic Dancer which Agnes chose because she had backed it previously, and it trotted up at 6-1 in the 2.45 at Cheltenham.

She got inspiration for the third winner — 6-1 Clouding Over in the 3.05 at Southwell — because it started to rain when she went into a BetFred bookies to place her bet!

Her fourth choice, Mountain, was a non-runner so her money automatically went on the favourite, Katchit – which won in the 3.30 at Cheltenham at 2-1.

Agnes’s fifth and sixth horses Haggle Twins and Whispered Secret both romped home at 8-1. And finally… she arrived upon Taranis to carry her hopes for the Bonus because it was the number thirteen horse, and her birthday is the thirteenth.

Despite this fairytale win, I maintain that although the Scoop6 is the horse racing equivalent to the National Lottery, there are several distinct differences. The totescoop6 offers far better value than the Lottery. Serious punters can win a huge return on a tiny stake.

Although there is the argument that all sorts of charities benefit from the Lottery, it is strictly for mug punters. Unfortunately for the charities and Camelot, these punters are in short supply nowadays as more and more people are not in it to win it any longer. By contrast, 100,000 players every week are investing in the Tote Scoop6, in the belief that they are in control of their destiny regarding the wager. To an extent, they are correct, and they certainly have far more control than is the case in the National Lottery.

Odds of more than 14 million to one govern the Lotto, whereas Tote Scoop6 punters can reduce their odds dramatically, by making their own decisions regarding the horses that they nominate to carry their cash.

Returning to the basics of probability, the realistic price of selecting the first ball that drops out of the Lotto machine is of course 48/1 whilst (taking form analysis out of the equation) the price of any horse to win a ten-runner event (as an example) is 9/1.

To summarize, and this is only my tongue-in-cheek opinion, the Lotto balls are for losers, and fair-play to Agnes Haddock for winning the totscoop6!

About the author: Max Redd has been making a living betting on horse racing for over 10 years. He runs the Redd Racing betting advisory service which offers members a FREE trial and a 60-day money-back profit guarantee. Find out more at http://www.reddracing.co.uk

Max Redd
http://www.articlesbase.com/online-gambling-articles/totescoop6-the-horse-racing-national-lottery-103641.html

I see this term used a lot in online sports betting teaser betting. What kind of betting is this?

Mostly used in football. Bottom line is you pick multiple games, and get added points added to the teams you pick, but you have to win all the games. Because of the added points, the games look so good, it’s a tease.

For example, you might find the Packers -8 vs the Lions, and the Cowboys -7 vs the Redskins.

Well, you could do a 6 point Teaser on the Packers and Cowboys. Then GB is only -2, and Dallas only -1 (because you are getting 6 points). Looks tempting, doesn’t it?

Depending on the site will depend on the odds you give up on these types of bets. They are sucker plays… but I admit I will do them once in awhile.

There are some very good books on the market for people who want to learn how to be a good horse racing handicapper. While it is unclear if the authors do really make a profit over the long run, one thing is certain, you can become a better handicapper by reading their strategies for betting success. Making a profit playing the horses is the goal of a lot of people, but what is really involved and how long does it take?

First of all, there are several ways to be a professional handicapper and let’s clear up which way we are talking about in this article. The ways to make money betting on horses nowadays are, a. enter handicapping tournaments, b. actually bet on the horses using your own money or for a syndicate of investors.

For the purposes of this article, we’ll be talking about plan b. If you want to make money by handicapping horse races then you should know you are up against a tough challenge. I would have this advice for you…

Tip 1.
First of all, read everything you can get by the major authors such as, Beyer, Ainslie, Davidowitz, Quinn, etc.

Tip 2.
Secondly, and this may be the most important part of making money on horses, learn how to gamble.

There are two very distinct challenges to making a profit at the horse track. The first, of course, is learning about horses and racing and that, in itself, can take a lifetime. The second challenge is learning how to bet properly and that, too, is very complicated and demanding. It seems diabolically simple at first, you just go up to the window and tell them what you want, give them your money, take the ticket and walk away.

But how you invest your money, in what increments and on what propositions, is much more complicated. It is gambling, one of the oldest human pursuits and one of the trickiest. It is a contest of wits, skill, and courage. You are competing against others with varying intelligence, experience, determination, information. The number one skill that any professional horse player cannot succeed without developing is the gambling skill. While his or her handicapping skill may be mediocre, the gambling skill has to be top notch.

Tip 2-a.
In order to learn how to gamble, you must understand human nature, your own nature, and mathematics.

Knowing about human nature will help you to exploit your opponent’s (the crowd) weaknesses while not allowing yourself to be vulnerable, which brings up knowing your own nature. If you know when you are weak and therefore don’t play, you will avoid a lot of losses. If you know your own strengths and build on them, you will multiply your gains.

Knowing mathematics will enable you to know when you have the advantage in a situation. A simple example is knowing that a horse going off at 2-1 has a fifty percent chance of winning.

A good gambler is an opportunist and can make money many ways in life. He or she can also avoid a lot of problems in life by being able to assess a situation and know whether the risks offset the possible reward. That is true of many situations, not just betting on horses.

Tip 3.
Therefore, since gambling and risk taking are integral to success in a wide range of human endeavors and will be encountered throughout your life, I strongly advise you to spend 30% or less of your time and effort learning how to handicap and 70% of your time and effort learning how to gamble.

Bill Peterson
http://www.articlesbase.com/horse-racing-articles/tips-for-betting-profits-from-professional-horse-racing-handicappers-1134708.html

Looking for a documentary on horse racing or horses for my grandpa, anyone know of any?

Sandra has a good list. The other thing you could do is take him to the Secretariat movie when it comes out this fall. Its not a documentary but it is supposed to be an entertaining movie.

There are some very good books on the market for people who want to learn how to be a good horse racing handicapper. While it is unclear if the authors do really make a profit over the long run, one thing is certain, you can become a better handicapper by reading their strategies for betting success. Making a profit playing the horses is the goal of a lot of people, but what is really involved and how long does it take?

First of all, there are several ways to be a professional handicapper and let’s clear up which way we are talking about in this article. The ways to make money betting on horses nowadays are, a. enter handicapping tournaments, b. actually bet on the horses using your own money or for a syndicate of investors.

For the purposes of this article, we’ll be talking about plan b. If you want to make money by handicapping horse races then you should know you are up against a tough challenge. I would have this advice for you…

Tip 1.
First of all, read everything you can get by the major authors such as, Beyer, Ainslie, Davidowitz, Quinn, etc.

Tip 2.
Secondly, and this may be the most important part of making money on horses, learn how to gamble.

There are two very distinct challenges to making a profit at the horse track. The first, of course, is learning about horses and racing and that, in itself, can take a lifetime. The second challenge is learning how to bet properly and that, too, is very complicated and demanding. It seems diabolically simple at first, you just go up to the window and tell them what you want, give them your money, take the ticket and walk away.

But how you invest your money, in what increments and on what propositions, is much more complicated. It is gambling, one of the oldest human pursuits and one of the trickiest. It is a contest of wits, skill, and courage. You are competing against others with varying intelligence, experience, determination, information. The number one skill that any professional horse player cannot succeed without developing is the gambling skill. While his or her handicapping skill may be mediocre, the gambling skill has to be top notch.

Tip 2-a.
In order to learn how to gamble, you must understand human nature, your own nature, and mathematics.

Knowing about human nature will help you to exploit your opponent’s (the crowd) weaknesses while not allowing yourself to be vulnerable, which brings up knowing your own nature. If you know when you are weak and therefore don’t play, you will avoid a lot of losses. If you know your own strengths and build on them, you will multiply your gains.

Knowing mathematics will enable you to know when you have the advantage in a situation. A simple example is knowing that a horse going off at 2-1 has a fifty percent chance of winning.

A good gambler is an opportunist and can make money many ways in life. He or she can also avoid a lot of problems in life by being able to assess a situation and know whether the risks offset the possible reward. That is true of many situations, not just betting on horses.

Tip 3.
Therefore, since gambling and risk taking are integral to success in a wide range of human endeavors and will be encountered throughout your life, I strongly advise you to spend 30% or less of your time and effort learning how to handicap and 70% of your time and effort learning how to gamble.

Bill Peterson
http://www.articlesbase.com/horse-racing-articles/tips-for-betting-profits-from-professional-horse-racing-handicappers-1134708.html