As the well-known adage goes "The definition of insanity is to continue doing something the same way, and expect a different result."
Personally, I've already resolved to cut down on all the 'fun bets' I've got this regrettable habit of making on impulse. Rather than trying to stop these kind of bets altogether, which I've tried to do in the past (and failed abjectly) this year I have set aside a small, seperate bank of just £200.
This relatively small fund will be my 'play money' but once it's gone, it will be gone. We'll see how much of the money is left come next Christmas.
You may have decided to finally knuckle down and properly record all your bets on a computer spread-sheet, and no exceptions.
It may be you've come through a season and returned a profit. Congratulations! Perhaps now it's time to consider expanding your portfolio of betting strategies, or investing in more learning?
Everyone will have their own individual situation, but I hope you might allow me to suggest some ideas to help you grow your betting bank in 2012....
#1: Make a personal commitment to your education
To have an edge in the betting market you only need to know more than the average punter, so it makes real sense to improve your knowledge of betting. Increasing your knowledge will likely have a directly positive effect on your betting bank. Learning more about horse racing and betting theory (for example) will help you come up with more ideas for 'angles', whilst aiding you to make accurate judgement calls on which will work, and which will not hold water.
A good place to start your learning is by joining the communities at one or more horse racing and betting blogs, such as GeeGeez or SkyBlueKangaroo
You can also pick up on other punters' experience in betting forums such as Punters Lounge or OLBG
An excellent online betting course is Puntology by Michael Wilding, although I think it is currently closed to new subscribers. Worth checking back at Michael's site in future though.
#2: Develop your own winning portfolio of betting strategies
I'm a firm believer in the concept of spreading your risk with a diverse portfolio of betting systems, tipsters, and methods. The subject of betting systems is covered in tip #4 below, but the thorny area of finding a good horse racing tipster is what I want to examine here. If you look long and hard for racing tipsters, you will eventually find half a dozen who regularly perform for their members.
But this path to discovering profitable tipsters will be littered with disappointments and expensive trials, as well as taking up your time.
An option is to let someone else do all that time-consuming exploration malarkey for you. Your best options for tipster monitoring would include theTipsterSite.com and Racing Index
#3: Use 'Matched Betting' and help yourself to free bets
Most gamblers know what bookmaker bonuses are... when you sign up to betting sites, you get deposit bonuses and other similar cash incentives. The problem is that many people don't think you can keep doing these – once you've got a deposit bonus there's nothing else you can do at that bookmaker, right? Basically, you're turning down free money if you’re not already doing this.
By implementing a fairly simple process you can (legally) extract hundreds of pounds in bookmaker bonuses. For more information on this join up with Bonus Bagging and you'll get most of the hard graft done for you.
#4: Create your own horse racing betting system
Horse racing betting systems provide a relatively simple way to make money from betting on horse racing. However, not all betting systems are profitable, and no one system will produce returns ad infinitum.
The good news is that uncovering your own system that's more than likely to work, at least over the next season or so, has never been easier. Take a look at this video for an insight into creating your own betting systems.
#5: Join Mathematician Betting
My final piece of advice today delivers a double-whammy. Guy Ward provides profitable tips and gives you an education in betting too. You won't find yourself blindly backing horses when you join Mathematician Betting. You'll get excellent recommendations, but you'll also get reasoned explanations behind each bet.
If you're smart, you will not just read his messages and back the horses he recommends, but inwardly digest his mthods. That way you can learn heaps by following Guy Ward.
Take a look at the Mathematician Betting web site.
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