Understanding the Benefits of a Betting Bank

If you are an enthusiastic gambler and enjoy horse betting, you should probably think about setting up a betting bank. This is a ‘pot’ of cash that is intended for use as betting money. The amount of cash it contains is up to you, but it is important to keep a note of how much moves in and out of the pot. The value of the pot will represent how successful your bets have been.

You are advised to set up a dedicated bank account for your betting pot. This keeps everything organised and makes it easy to monitor income and expenditure. If all of the gambling that you do is confined to one bank account, there should be no confusion over whether or not you are making a profit. You will be able to tell by checking your financial statements.

It is essential that you keep a close eye on transactions, because a prolonged losing streak could end up consuming all of your funds. If you spot the problem early, you can switch up your technique and try something new, so that you don’t risk losing everything.

The following problems represent some of the most common reasons why betting banks fail.

– Your bets were too big for the size and scale of your bank.
– Your bank was not strong enough to tolerate prolonged losing streaks (possibly, because you backed too many big prices).
– Your horse betting and other gambling strategies are just not skilled enough. This is a very common issue and it is a tricky one to solve. It takes time to learn how to gamble like a pro. If you are just starting out, you may need to be patient and put in plenty of practice. This is why inexperienced gamblers shouldn’t dive in too fast and place too much money on their bets, too soon.

How to Utilise a Bank System

You can solve all of the issues outlined above by simply being careful with your bets. Think about what you want to achieve. There are some people who don’t want to take the process so seriously. They’re looking to have fun, spend some cash, and try their luck. And this is fine, as long as they can refill the bank again. If you are looking to make long term gains, however, you need to be a little smarter.

Stage One – Bank Value

Work out how big you can afford to make your betting bank. It doesn’t really matter how large your maximum limit is, as long as you keep the end goal in mind. You are supposed to be expanding the pot. You can always change the size of the pot at a later date, but to begin with, just pick a number that you can afford to lose.

Stage Two – Review the Risk

The size of your bets should reflect a fairly modest proportion of your betting bank. You don’t want to place the entire bank on one big bet, because you could lose it all. The same rules apply to losing two consecutive bets; it could cripple your betting bank and your finances. This is why you need to determine how long the worst kind of losing streak could last.

Imagine a person who backs multiple favourites at even money. To begin with, it is important to acknowledge that bookies feel confident about these choices. They believe that they have a good shot at winning. At even money, it is reasonable to assume that here is around a 50% likelihood of a win.

While these might seem like great odds and entice you into handing over 25% of your betting bank, think carefully about this arrangement. With a 50/50 result, you should expect to lose four consecutive times, at just over 6% of the time. In other words, if you gamble a lot, it is bound to happen. And, when it does, you’ll lose your 25% share.

Stage Three – Converting Pounds to Points

As already discussed, the size of your bank isn’t of too much significance. This is because we transform your pounds into points. As so many different aspects of gambling are reflected in point form, it is useful to think of a betting bank as being worth 100 points. If this were the case, 1% would be equivalent to one point.

If your bank were worth £10, every pound would represent ten points. Or, to put it another way, every point would represent ten pence. If you need some more help, use the table below for simple, quick fire calculations.

Stage Four – Selecting the Right Bet

Once your betting bank is ready to go and your money has been changed into points, you need to identify an appealing and valuable bet. Then, stump up the cash. If you are still fairly new to betting, you might want to experiment with basic level stakes betting techniques to begin with. They don’t carry too much risk.

Determine how large a proportion of your betting bank you are can afford to put up. This is how you find out how much each of the stakes will be. For casual gamblers, a reasonable figure is around 2% of the bank. This figure allows for a decent amount of protection from losing streaks, but it will cause the bank to grow at a sluggish rate.

For more experienced gamblers, a 5% stage is suitable. This enables the betting bank to expand quickly, but it also means that the risk of being cleared out by a losing streak is increased.

If you are interested in finding out more about how to bet successfully, or you are looking for high quality horse racing tips, visit Betting for Winners today. We can give you smart information, advice, hints, and tips on where to start, how to bet, and what techniques to use for guaranteed success.

Finding The Best Casino Bonuses Online

One of the greatest reasons why people love to play in an online casino is because of the best casino bonus they will gain especially for the first time gamblers who wanted to try out the gambling experience of playing online. However, bonuses are also one of the biggest sources of confusions for players.

That is why you have to look the most trusted online casino before you make any deposit and carefully read the wagering requirements and the terms and conditions. One of the reason why online casino created lots of bonuses option to all casino players is because there are so many competition that they want to attract the first time players and even the professional ones to play with them as they are giving away a huge casino bonuses.

Back then, some top online casinos do no impose any wagering requirements, you can get the bonus for free and automatically added to your casino account. But some bonus hunters and abusive casino players are going to make a multiple accounts and claiming the bonus and later one they gonna withdraw without playing in any casino games.

As a result, online casino strictly implemented the wagering requirements for every bonuses you can claim to prevent the bonus hunter and for players to play with them. As wagering requirement is now the important deal when claiming the bonuses. For you to understand how the bonuses work, let’s cite some example; if you have $100 bonus of a $100 deposit you make and with a 20X wagering requirement, you have to bet for a bout $2,000 before you can withdraw.

Moreover, there are so many online casino sites that you can get various of casino bonuses from. This is certainly an advantage and allows you to look through many different options and choose the best ones to you:

  • Welcome Bonuses or Sign Up Bonus- Offered to all new casino players when they join.
  • No Deposit – These require no deposit or buying chips online.
  • FREE Play – These give you a set amount of time to win.
  • Monthly Deals – Available to all casino players to claim once a month.
  • Exclusive Offers – Only available for regular casino players.

When estimating a casino bonus offer there are several things to consider. You have read carefully and understand the terms and conditions and the wagering requirement before taking the advantage of the bonus. Most top online casinos stated their rules clearly for the players to understand it easily.

More importantly, if you want to play any casino games you like and you want to withdraw your winning money anytime, you don’t have to claim the bonuses. Because once you claim the bonuses without a knowing the wagering requirement, you can’t withdraw your winning right away because you must meet the wagering requirement before you can withdraw.

Bonuses can be a great way to profit from every online casino however, before you can indulge of the bonuses you will have to choose, just make sure that you know and understand the information about casino bonus to make your gambling experience more profitable.

Expert Betting Tips for Sports Betting Success

Are you are budding punter looking to make money from online sports betting? Online sport betting is serious business and there runs a high risk of making a loss so a better and informed position will enhance your chances of making a profit. Your decision should not be based on your liking for a particular sport or sportsperson. At the same time if the bookmarker is offering a price then that bookmarker already in a good position to make a healthy profit on the offer price.

You would never have heard a bookie losing money, it is always the punter that wins or loses and the bookie stands to earn in both situations. That is because the bookmarker does not leave the door open from where he would be in a loss making situation. Thus it does not matter which soccer team wins or which player scores the goal or which horse crosses the post first the bookmaker will in turn a good profit from all those who placed incorrect bets and pay only those who got it right.

In the real world scenario there are hundreds of losers as against a handful of winners. The winners are that group of people who do not place bets merely on guess work or try their luck. Winners are a group of people who do their homework the hard way. They will see past results, statistics, the form book and many other things before drawing a conclusion. The experts will always have the best chance at winning.

These days it’s not so hard finding reliable betting tips. Of course you need to be absolutely sure of the service; a good service or online service with credible online reviews will serve as a good thrust to your plans. Sports betting and betting tipster sites are there in abundance so you really need to careful about using them. Losing a few dollars in registration or sign up fee would be as big a letdown as losing hundreds of dollars parked in your account would when a service cheats you.

A good professional tipsters site with a proven track record of success and verified tipster profiles would go a long way in helping you build long lasting success. A good service is one that offers you a free trail offer, that way you can test their services and if you are sure their services are what you are looking for then you can go ahead and pay for it.

It is also not possible that using the best bet tipsters service you will win every time. You might have to incur losses at times but with a professional service you will be able to maximize profits and reduce the risk of making a loss.

People looking to make use of sports betting tipster service should do a thorough check up of the website’s service. If you can find online reviews for that website then that should tell you how well other users have found the services to be. Depending on your research you may decide to join or look for other sites, this can ultimately be the difference between success and failure.