Have A Betting Plan

Rules That You Must Use If You Are To Be A Successful Horse Bettor

Everyone wants to make money from their horse bets! However, developing an income stream from placing horse bets requires discipline and demands that you must start to live if you are to be a successful horse bettor.

Rule #1: Set Aside A Betting Bank

You should never – I repeat NEVER – bet with money you can ill-afford to lose. Not only will this put you under a great deal of emotional pressure, but it may also lead you to make stupid decisions in order to recoup losses.

The professional way to bet is to set aside a betting bank. This is a sum of money which you could – if the worst happened – comfortably afford to lose. I suggest that you generally start with 1 or 2% of your total betting bank. This way you can feel comfortable in the knowledge that you can afford to lose it all should the worst happen.

Rule #2: Ignore Your Emotions

In the world of horse betting, your emotions are your enemies. Emotions lead people to chase losses or to stake more or less than they had originally planned, and ultimately they will ensure that you never succeed in making any real money. Handicapping your own races will give you the confidence that you need when placing a bet on a certain horse.

Rule #3: Spread Your Risk With A Portfolio

Nearly all betting systems, methods, strategies, and tipsters go through cycles of profit and loss. If you follow just one strategy, and that strategy is returning a loss, then this can put pressure on you. Thus, I suggest that you use 2 or 3 systems at least when you handicap a horse race. Just as with speculating on the stock market, it is the wise investor who spreads his risk rather than keeping all his nest eggs in one basket.

Rule #4: Have a plan – and stick to it

On any given day, you should plan how you will be placing your bets, place them and then stop. By having a plan and sticking to it, you set yourself up for long-term financial success. Do not try to recoup any losses or achieve additional gains by deviating from your original planned bets. If your plan does not highlight any bets on a particular day, then have the discipline to keep your money safe – and enjoy a day without betting.

By having a plan and sticking to it, you will protect yourself from making the above-mentioned mistake. Instead, you begin acting like a seasoned professional and in doing so you set yourself up for long-term financial success.

3 Tips for Maximizing Your Texas Holdem Profits

Maximizing your Texas Holdem profits is not necessarily as easy as you might think. A lot of people, for example, tend to get excited when they have the nuts (best possible hand) during a game of Holdem. Just because you have, let’s say, the nut flush, though, doesn’t automatically mean you’re going to play your cards right.

Many people, for example, go all-in when they have the best poker hand. It might win you the existing pot to do that, but, it may not get other players to bet into you. If you want to really maximize your winning potential, you can’t just all in. You have to think about a lot of things, first. Let’s look at three of those things.

Table Image

The image that you project at the poker table can directly influence how you should play a winning Texas Holdem hand. Basically, if you seem to put your chips in the pot with any cards at all, you may want to go all-in when you have a good hand. That’s because the other players will think that you’re, once again, bluffing or being reckless with your chips. That may cause them to call your all-in bet and you will maximize your winnings.

Of course, you could be projecting the opposite image at the table. A tight player, which is one who doesn’t risk their chips unless they have a decent hand, is going to be expected to act a certain way when they catch a hand. If you are usually a tight player and you suddenly go all-in on a hand, people are going to automatically assume you have the best hand. You’re better off making a small bet and hoping your opponents call or raise you. You might not get anyone to go all in, but you’ll earn more chips than if you went all in and everyone folded to you.

Hand Potential

How good or bad your hand has the potential to be should also dictate how you play it. Let’s say, for example, that you have the nut hand after the flop, but you could be beaten if certain cards come on the turn or the river. In that case, you may actually want to go all-in, in order to get everyone to fold and win chips while you can. If someone does call you, you still have a decent chance of winning.

Alternatively, you might flop such a great hand that you have no or a very low chance of losing, even on the turn or the river. For example, maybe you had a pocket pair of 8’s and flopped quads (two more 8’s, for a total of 4). If the other flopped card was, say, a 7, you would be about ninety-nine percent to win, since, even if the opponent came up with quad 7’s, your quad 8’s would beat them. In a case like that, you actually want the hand to get all the way to the river. You want to milk your opponents for as many chips as you can. So, you should slow play the hand. That is, you should check, call, or make small bets, not go all in. Going all-in might scare people off the pot and cause you to lose chips. When the river card comes, you can probably go all in much less conspicuously.

Pot Money

Finally, when you play Texas Hold’Em, and, really, any poker game at all, another major thing to consider is how much money is already in the pot. So, if you want to keep people in the pot with you, don’t make a huge overbet. It’s a great technique for buying the occasional blinds if you have bad cards, but not a great technique for maximizing your earnings when you have a winning poker hand.