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Whatever else gambling is, it is first and foremost a
Unless you can comprehend and obey the simple rules of professional Gambling there is little use in
proceeding past this point.
There are literally millions of people worldwide who seek to make money gambling. Most will say they
love the thrill of the "chance" but in reality they are trying to make money - otherwise most of them would not
continue to throw their hard earned cash away.
size=4> Before you commence your chosen course of gambling you must first establish WHAT IS THE ACTUAL LEVEL OF YOUR DISPOSABLE INCOME It is important for you to be totally honest with yourself when assessing this factor. The bank you establish and maintain must not include funds needed to house, feed, clothe and maintain you and your loved ones. Do not become another statistic by going beyond your limit.
RULE #2 - YOUR BETTING UNIT. Perhaps the major downfall of all gamblers is their lack of systemized investment. By this I mean that the majority of gamblers do not bet with any plan to recover losses. Because there are NO GUARANTEES when betting every successful professional gambler will use a betting system that will provide both recovery and profit. If you decide to 'FLAT BET' (same outlay every bet) you are doomed to lose your money. There are many "systems" available however most of them tell you how to pick horses but not HOW TO BET!
The following information is aimed specifically at Horse Racing - the general principle applies when you are gambling at known odds.
Basically the level of your opening bet is controlled by the size of your bank. No matter how good you are at
selecting the horse to bet on or the number or option you wish to invest on you will never
select the winner every time
This means that you must use an investment system that is designed to suit your betting selection method (this can
be different for every person - which leads to the next rule.
RULE #3 - MAKING A BET
It is absolutely necessary to establish how, when and where you are going to bet before making the move.
HORSE RACING offers a number of options (Win, place, show, quinella, trifecta, doubles etc). A professional
gambler will choose only ONE. Amateur and losing gamblers will persist on trying to bet on several options
in every event. I SUGGEST YOU CHOOSE THE WIN OPTION
At the CASINO amateur gamblers will sit at the poker machines for hours feeding and feeding them with the hope
of striking the jackpot! Professional gamblers choose to select options that can provide a winning return from
systemized investment. I SUGGEST YOU CHOOSE AN OPTION THAT OFFERS SET ODDS
This is a simple rule that most gamblers find almost impossible to keep.
When you first set out to achieve wealth by gambling you and almost every other gambler endeavour to achieve
that wealth in a hurry. If they have a good day or week they will scoff at the need to systemize! however
without exception they will end up as losers.
By the same token gamblers who have only a modest bank and who commence betting at a unit value that cannot be
sustained by their bank will also lose their money.
50 years ago I commenced betting with a betting unit of $1. When my bank was sufficient I raised the unit level to
$2 then $3, $4, $5 and so on. When you reach a bank level and a betting unit that provide your desired income then
be satisfied.
THE RULE IS LOCKED IN CONCRETE - BE PATIENT AND WIN - BE GREEDY AND LOSE
I add this rule as a suggestion. It has nothing to do with your gambling success or otherwise.
It should be remembered that "Professional Gamblers" are treated somewhat as outside of general society,
and so it pays, in the long run, not to advertise your love of the challenge associated with this
industry.
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