Long-Term Goals Equal Long-Term Profits
Too many people expect betting on horse racing to be a get-rich-quick-scheme, but it’s paramount that you view it as a long-term project if you want to show a long-term profit.
If you want to get rich quick with the minimal of effort – then do yourself a favour and buy a lottery ticket! However, if you genuinely love betting on horse racing, and would like to show a long-term profit by doing so, then please read on.
There are a few steps to take if you want to want to make a long-term profit from horse racing, and these include changing your attitude, choosing a system or tipster that suits your needs, taking the time to understand peaks and troughs, starting with enough money, sticking with it, and remaining disciplined.
Change Your Attitude
At the danger of repeating myself, it’s time to stop being an undisciplined gambler. It’s time to quit the impulse to throw money at horses without rhyme or reason in the hope of making a quick buck, and follow a system or tipster that has a proven record of making long-term profits. Don’t get me wrong, if you’re looking to win big for a small investment by doing the Scoop 6 or an accumulator, then don’t let me put you off. However, if you’re the type of gambler who has lots of single bets and loses, then maybe it’s time for a new approach.
Choose The Right System Or Tipster
There’s no right or wrong when it comes to the type of system or tipster you want to use – providing it suits your betting mentality. If you’re the kind of punter who loves having several bets a day, then you really do need to be following a system or tipster that provides that sort of betting strategy. Meanwhile, if you prefer bets to be selective, then your system or tipster should adopt that strategy.
Understand Peaks And Troughs
A long-term betting strategy isn’t all that different from stocks and shares, or even the housing market. There will be up days and down days, but what’s important is the yield in the long-term – and this is commonly known as your Return On Investment (ROI). This shows the profit you have made on your overall investment, for example: if you invest £5,000 over the year and end the year with £6,000 – then you have made a return on investment of £1,000 at 20% (which isn’t bad when you consider that it’s difficult to get 1% on an average bank account.
Start With Enough Money
You’ll often hear professional punters refer to the betting bank, and it’s important that you start your betting adventure with enough money to allow your system to do itself justice. There will be peaks and troughs – and having a betting bank lets you ride the troughs if they come early in your adventure.
Stick With It
Sadly, the outcome of no horse race comes with a guarantee, and any system or tipster worth their salt can have a losing run they just didn’t deserve, be it last-fence fallers, faulty weather forecasts, or bad luck in running. However, in the long-term, things should turn around if you give them long enough to do so.
Remain Disciplined
When you get this far, don’t throw all that hard-work away by reverting to old bad habits of just having £20 in the bookies that suddenly turns into £50. If you find yourself needing more bets to fully enjoy your betting, then consider employing a second system or tipster – but remember to start following that second system or tipster with a new and separate betting bank!
So, if you love betting on horse racing, and want to make a long-term profit – bet like a Betting God!
www.BettingGods.com
