Punting Stars was created to encourage and promote profitable betting. We’ve collated our top five fundamentals for keeping it clean and staying green.
Ask yourself, how many of the following fundamentals can you honestly say you as a punter cover off on.
If it’s less than five then it means there is room for improvement!
Discipline
Every punter should write a list of the three or four key things that they need to do to give themselves the best chance of making money.
Sticking to that list requires discipline and focus.
Stay in your lane. Do you and don’t get distracted by things around you.
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Don’t Chevy Chase, keep plugging away and remember, there is no such thing as the last match and life is just one big day at the races.
Honesty and ongoing self-assessment
If every punter had a mirror in front of them we are confident that the mirror would reveal some truths that most of us wouldn’t like to see.
We’ve all been guilty of over betting, or forcing a play just for the sake of it.
The hardest thing to do is to take a step back and accept that you slipped up and put in place measures to make sure it doesn’t happen again.
Considering over 90% of punters lose money, it does seem like a lot of our mates are winners right?
Keep recording ALL of your bets and take the time to assess your data set of results every few weeks to identify patterns and trends that can save you a lot of money.
Specialisation
It’s impossible to cover each and every sport or racing jurisdiction and compete with the bookmakers prices.
Specialization is absolutely key for bettors starting out.
Discover the events and things you are passionate about and don’t mind diving deep into.
Stay in your wheelhouse and become an expert. You’ll be surprised how quickly you can beat the bookies in your chosen niche.
If you’re wanting to branch out and increase your turnover time becomes a big constraint.
Automation and outsourcing are two ways in which your information can stay specialist and your turnover can increase.
Punters opinion: The art of knowing when to bet
Mindset – the working capital mindset
You’re betting bank isn’t the bank you pay your rent with or the account in which you buy groceries and flowers for the Misses when you come home late from the pub.
Betting professional requires a working capital mindset.
What that means is the funds you are allocating to betting are done so assuming that some will lose, and some will win.
Losses are inevitable as are downswings and variance.
Focus on beating the closing number, line or price and the results will take care of themselves.
It’s a constant search for value and betting in accordance to the value that you find.
Work ethic
Cutting corners will only lead to heartache when it comes to doing the form, framing and pricing markets.
You’ve got to be dedicated, stick to your systems and processors and work hard.
The best thing about work ethic? It requires no skill or talent.