Investing behavior is a popular topic among financial experts and economists trying to learn how and why investors and markets behave the way they do. Many of their discoveries and conclusions will be just as applicable to punters wagering on betting exchanges as they are to brokers and traders dealing on the financial markets. The main difference is the fact that many brokers and traders are usually working with other’s money, meaning that they must exercise strict discipline as they are liable to their clients. On the contrary, the independent punter may be only using his own money and has few restrictions on the he can do with it.
System discipline refers to fighting the temptation chase every seemingly good bet in favor of sticking to a system that has been tested and shown to be successful. Most successful systems advise the bettor to have a fixed amount of money with which to bet (popularly known as a “betting bank”); require that some manner of analysis or review accompany each bet; and dictate specific amounts, percentages, or odds. These types of systems only work should the punter follows them perfectly, as adding variation changes the equations upon which the system is based. Even so, since most effective systems only provide small but steady profits, many punters become overconfident, impatient, or greedy and begin discarding elements of their system. click the following webpage result tends to be betting without a proven system and usually means the same hit and miss ratio as any random gambler.
The whole concept of system discipline is fundamentally counter intuitive to a typical punter. After all, he wagering on the outcome of an event that has not been determined yet. On the other hand, sport betting just isn’t like casino gambling where the outcome is totally random; instead, research and experimentation can – and does – end in the development of systems that can radically enhance the chance of winning. That being said, these systems are only as good as the punter will be at employing them. Failing to be consistent, chasing after non-system bets that appear reasonable, and betting beyond one’s means all bring about removing any advantage that a well thought out system may offer.
Once a betting system has been developed and proven, maintaining system discipline will be the primary factor necessary to maintain steady winnings. Any and all variation from that system changes the exact amount of cash won or lost, rendering the results derived exclusively from the system moot. Random betting on sports is a fool’s game because with just a little time and energy the punter can do much better.
The professional punter knows and understands that system discipline will be the key to success. Using his system consistently, patiently analyzing each bet before making, refusing to get too greedy and accepting many small payouts over a couple of large ones are signs of a serious bettor that intends to make money. While anyone can get caught up in the excitement of wagering and clever bookmakers constantly make offers that appear good, the professional with a proven system knows better.