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If there is one common failing amongst punters it’s the belief that while they bet, whether as a leisure activity or on semi-professional basis, they have some limitless knowledge on all matters relating to the subject.
A guy who backs on horseracing thinks he can spot the best soccer bet or perhaps a backer who studies the tennis form all day presumes he could make cash on the NFL also.
But you wouldn’t expect your plumber to be able to fix your bathtub and also your TV set at the same time… would you?
Betting is about having an advantage – an advantage over your fellow players, the bookies, the home, whoever you are trying to win money from. You might have a specialised ability in one area of betting (an ability which helps you earn money) but you’re most unlikely to have such a clear advantage in most the others also.
And it’s much better to earn money in only one area – horseracing, golf, poker – than to make it initially in that one area and then go lose half of it by placing bets on several other sports you know little, or nothing, about.
Even within one sport you’ll find further sub-levels of expert knowledge. Take the example of horseracing. You can find individuals that concentrate solely on turf racing or races on the dirt, sprints or middle-distances, steeplechases or hurdles, handicaps or maidens, UK, American or Irish racing… the list goes on.
If you choose to narrow your field of betting, boost your amount of understanding and gamble know more than your respective opponent on that one particular subject, that’s the way to make money. It will certainly boost your returns.
This really is what you may need to do. And if you haven’t got that sort of information readily to hand then seek out those sources which provide such tailored advice. Learn from that and after that see what may be achieved.