Last week BetFan asked the owners of the tipster services that they manage to send in their Top 10 Sports Betting Rules. All of the Betting Rules sent in have been collated and found below are the Top 10 responses:
- RULE 1 – Manage Expectations – Many punters bet with no idea of what to expect long term. Some are too optimistic in assessing their capabilities – especially novices – who plan their retirement on the basis of an early winning streak. In reality, very few bettors can expect to win more than 55%. If you’re just playing for fun, hitting exactly 50% is a realistic expectation.
- RULE 2 – Keep Good Records – Keeping an accurate record of your bets can reveal areas of weakness you may not have been previously aware of and other areas where you are stronger and should concentrate on for future bets.
- RULE 3 – Limit Your Bankroll – Bankroll is traditionally defined as the amount of money a punter sets aside for betting and is prepared to lose before they’ll stop gambling. Decide what your bankroll is before you start betting and stick to it.
- RULE 4 – Understand Why You Bet – Different people bet for different reasons. A minority are skilful enough to make a living from sports betting, but the motivation for the vast majority of players is less obvious, even to themselves. Be honest with yourself about what your motivation is as understanding why you bet will help you make better decisions.
- RULE 5 – Define Your Goals – Whether you’re a professional or recreational gambler, give yourself clear objectives. If you’re a pro, don’t just focus on hitting a financial target, think about how you’ll reach it. Be sure to identify and remain focused on your goal.
- RULE 6 – Value – Always look for value in your bets. Are you just betting because you think it might win or do the odds represent a good risk for your money. Value is easy to spot after the event but real pro’s learn to spot it in advance.
- RULE 7 – Stick to what you know – If your passion is horse racing then bet on that. If you know everything about football bet on that. If you know nothing about ice hockey, don’t even think about betting on it.
- RULE 8 – Don’t Get Greedy – When you win don’t get over confident and start betting more or placing bets that you normally wouldn’t. A Lay bet at 7/1 (6.0) might sound like a sure fire way to recoup a loss – but if you can’t afford to cover the liability don’t place the bet and move on to the next bet.
- RULE 9 – Know when to stop – Think like a winner, but most importantly, know when to stop.
- RULE 10 – Use your head – Only place bets that you feel confortable with. If you don’t like the liability don’t place the paticular bet. For maximum profits, pick and choose the most attractive bets of the day. If a strong horse drops out of a race, Lay bets become a much riskier and less attractive option.
Above all have Fun!
We at Betfanatic care deeply about our members and never want to see anyone fall into a hole that they can’t escape from. Seriously, these Betting Rules come from professional gamblers, people who make a six figure sum per year exploiting their own advanced and in depth knowledge of the markets they operate in. Stick to the above Top 10 Sports Betting Rules, apply your tips sensibly and allow us to guide your hand in the right direction.
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Make every day a winner! 
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Hey, always good to see other people from the uk in my searching, I really appreciate the time it must have taken to put together this top 10 list. Cheers.
This was very interesting to read thanks http://www.betfanatic.co.uk