Over the years I’ve given a lot of thought to why people who bet on horse races and other live events don’t make money. There are a number of reasons, but perhaps the most important one is because they don’t understand what they’re doing. As humans, it’s easy to get distracted by the latest news or perceived reality that we’re all too familiar with. But one thing that you need to keep in mind is that while gambling and betting on horses is simply gambling, there’s more to it than meets the eye.
To begin with, I’d like to point out that there is no such thing as a “lucky” or “unlucky” person or group of people. Everyone has odds. If you’re willing to go out and take a chance and really look at the numbers, you’ll find that the best chance of winning is not to beat everyone else at your own game but to beat the average. With probability and statistics as your guide, you can figure out what the likelihood of an outcome is. When you bet on something, you have a goal, and that goal is to beat the average or to hit more bets than your opponent.
Now, here’s where it gets interesting. The goal isn’t just to win, but to “beat” the average or the betting average, and this isn’t about just getting one group over another, although that’s a good place to start. The goal is to beat the odds, and to do that you must first establish a baseline or a starting point. This starting point can be very different for everyone, but it’s the average that you’re trying to beat.
So many people think that they can use the information they read about the different ways to bet and the best odds for winning from online resources and so on, and then they figure that they have a strategy or a system that will help them beat the odds. Of course that’s true in some cases, and there are certainly times when that specific type of betting strategy will work, but most often that’s not going to help you. Betting the casino is not about beating the odds, it’s about beating the casino.
There’s no such thing as a strategy that’s guaranteed to work every time. Just as there’s no such thing as a free lunch, there’s also no such thing as a strategy or betting system that will work every time. You have to evaluate what you have to work with, and if it’s possible, put it into practice. Once it has been practiced, if it still proves to be successful, then you have a system and you can use it to beat the odds. So many people think they can put a system together and bet and win a lot of money, but the odds are much against this approach. To become a consistent and long-term winning bettor, you need to evaluate the cards that you are dealt, evaluate the strategies you have available, and then apply your best judgment based on the information you have.
If you’re looking for a way to make betting with virtual money easier, Betfair offers a service called Betmaster. This service is free for most customers and gives you the ability to access all of the Betfair casinos and their special bets. So if you’re looking for an easy way to make real money without doing the legwork, Betmaster can be your best Betfair betting partner. If you’re serious about making money at Betfair, remember to study and analyze the cards that you’re dealt and don’t rely on luck. Follow these simple rules, and you’ll win more than you lose!
