Bank ManagementA business-like approach to bank management is always employed by the professionals. It can be
frustrating when the opportunities seem few and far between, but you must resist the temptation
to bet for the sake of it . The professionals will keep their powder dry
until the right conditions emerge! It is essential to weed out the bets that favour
the bookie (Start with ANYTHING advertised on great big posters at the bookies, or in
the media adverts!) and only bet when we have value on our side. ChoiceOne of
the most powerful weapons we hold is choice. If you do you are "gambling" and
throwing away the advantage you have over the bookies or fellow Betfair punters.3. As with
all businesses there are running expenses, and you must get into the habit of viewing
losses, payments to valued services etc as the essential expenses needed to run your business
effectively.4. To me, these are the most important weapons at your disposal.So, in no particular
order, here are my Golden rules:1. This is a surefire way to enter a spiral
of losing bets that can rapidly run out of control. This is whyI consider patience
as a separate and essential element from choice. In this article I will cover what
I believe, as a professional gambler, to be the Zapatillas Puma most important factors that will contribute
to your success. Keep FocusedIt is essential that you stay focused and keep a clear
head when you are working, never bet when you are not up to it, take
a "sick day" when you need to, and never, Never,NEVER bet when you are under
the influence of anything! Don't forget to take days off too! If you would
like to know more about the areas discussed in this article, I have expanded on
these themes, as well as revealing my exact portfolio in my free ebook which can
be found at my website.My name is Paul Ellis, and I am a Professional Gambler.
The nature of the game means that even proven systems over time will have winning
and losing streaks. This is what following the mantra of "value" will enable us to
do.2. In my e-book I cover my own thoughts on internet access, mobile betting, contingencies
in the event of system failures, the use of betting bots and many other technical/practical
considerations. One of the biggest problems the novice professional will face in their keenness to
make moneyis forcing bets when they should not. It is essential to record ALL wins
and loses, don't find excuses to exclude bets, absolutely everything must be recorded, how else
are you going nike tn to accurately track your profitability?6. This was the hardest areaI found to
crack, but with a few psychological tricks,this can be properly controlled. If you understand and
apply the concept of value to your betting, and have researched, tracked and recorded your
betting activity correctly, simply looking back at your past results and upward trend in profits
will help you accept these losses.7. A diverse portfolio ensures that the likelihood of a
system going through a losing streak is balanced by the likelihood of another system experiencing
a winning streak. As long as a method is proven over time, winning is easy,
but restricting losses to the acceptable levels will be the key to success. It is
essential to understand and accept that we are not going to win all the time,
but we are in this to survive over the longer term. Portfolio Approach Every professionalI
know operates a portfolio of betting methods designed to compliment and support each other. This
helps to quickly identify underpreforming systems or track the progress of new additions. PatienceLeading on
from choice, is the virtue of patience. The bookmakers and exchanges are committed to offering
prices on virtually every single sporting event, but there are undoubtedly Horse racing frames, Football
and Tennismatches etc that are more "Bookie Friendly" than others. As long as the systems
used are proven over time, the end result will always be an increasing bank.5. With
the best will in the world, factors outside your control can conspire against you, and
though to a certain extent we can again justify them as business expenses, anything we
can do to mitigate the effect will be welcome.8. You must always be aware of
how much of your bank you should be risking in any given scenario, and not
be tempted to deviate from what you know is statistically correct. Nobody likes to lose,
but the key to professional gambling, in my mind, is how you handle the losses.
All professionals keep records/spreadsheets of the bets they make and are continually tracking the performance
of their methods to highlight any areas of concern in performance. Limiting LossesThis is one
of the hardest rules to stick too, but probably the most important. Record KeepingProfessional gambling
is a business and should be run as such. Your losses need to be accepted,
which is where the combination of all the factorsI have discussed will start to help
you out. Preparation/LogisticsThere is also a practical side that must be addressed. If you wish
to catch up with my activities, please feel free to visit my website and blog
at http://www.BettingAlchemy.com, where you can download my free ebook..
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