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2010 has arrived. This is the time when the football season in the English Premier League and many major elite leagues is halfway through. This is the time when the league standings start to form a picture. This is the time when the team managers are allowed to rectify the short-comings of their squads through the January transfer market. So this is the time when many things are discussed at lengths and should start to change. This should also be the time for all soccer punters to take stock of their soccer business…Now, what does your report card show? Do you brighten up with glee or wallow in misery?
For those punters who have made a betting fortune in 2009, congratulations! For those who are struggling to make an impact in your soccer investment, I wish to share with you this A To Z Journey To Victory In Your Football (Soccer) Business For 2010.
A – Achieve your dream to have a profitable 2010 in your betting business
All of us have dreams, but to transform them into reality, it takes much determination, dedication, efforts and self-discipline.
Here is how to achieve our dream to have a profitable 2010 in our betting business. Just stroll down B through Z.
Do take the first step. You do not have to see the whole staircase. Just take the first step.
B – Bet on what you know
Even in a league which you are very knowledgeable in, such as the English Premier League, there are times when it has been difficult to obtain reliable information on key players, a factor which may influence your betting decision.
Do not be tempted to bet on a match of a league you know little about, and just because the match is televised live on TV or highly recommended by some sports experts.
C – Cut loss when necessary
This is especially crucial in live-betting. The typical mindset of most punters is to hang on till the last minute, hoping that your bets will materialize.
Be decisive and cut your loss as soon as you realize the match is not going as per your expectation. Such decisiveness can save you bigger losses in the end.
D – Discipline
In betting, discipline is the will to religiously follow preset rules and criteria regardless of our emotion at that moment, even when we are on a winning streak or on a losing run.
Why is discipline so important?
Because without discipline:
* even a successful punter can lose all his winnings
* a losing punter can lose even more
* the punter cannot win in the long run
It is impossible to make everyday a winning day but it is possible to make everyday a losing day if the punter is not disciplined.
E – Enjoy our betting business
Enjoy punting on each betting day. Enjoy your business. The mind works wonders. However, on those days when you do not find your punting enjoyable due to some reasons, then it is time to take break. Step back from betting for a while. Return when you are refreshed.
F – Focus
Do keep a cool mind and remain focused especially in live-betting. Watching a match, or tracking the odds movements, is an emotional roller coaster.
When the chips are down, guard against being swayed by emotion. Stay calm and assess the situation objectively.
G – Greed
It is human nature to want to make a fast buck. But be mindful of the wise saying “There is no free lunch in this world”.
When the bookmakers make you an offer that is “too good to be true”, it probably is. They are in the business to make your money, not to dish out charity. They do not make mistakes. Such offer is a trap to entice the greedy ones to part with their money.
Another greedy temptation to avoid is to resist the big payout for a combo bet (accumulator) as the risks are also multiplied many folds. Unless you are an extremely lucky punter, you are unlikely to win often.
H – Have a betting game plan
All winners, whether they are entrepreneurs, leaders or football coaches etc, always have at least one thing in common, and that is a strong game plan. The plan can be for a year, or five years etc, and they work steadfastly towards their plan.
The punters should also have their own betting game plan. They should set up their betting targets in the nine-months football season.
One thing is certain. We are not going to find our betting fortune in a cookie.
I – Ignore distraction
Be very clear with the punting goals you have set. Be diligent in following them through. Do not allow distractions along the way.
J – Just do it if there is value
If your analysis reveals the value lies in the underdog (for example, Fulham having a +1 goal advantage playing against the reigning Champion Manchester United), be courageous and follow your conviction. Just do it. Of course, it is a nervy decision as the whole world is putting their money on Manchester United.
K – Know your bets
Be sure you understand everything about the bets you are placing, for example, fixed odds betting, asian handicap betting, special bets like total goals, number of corners, etc.
L – Losing runs
A losing streak is inevitable even for the pros in their betting business. During a bad run, do not be tempted to chase losses. This is a surefire way to disaster.
Be disciplined and patient. Take a break from punting when necessary.
M – Money Management
Money management is essentially on how to manage your betting fund and staking plan wisely. The longer you are solvent, the more punting chances for you to be profitable.
Your betting fund must consist of money set aside for your betting business, the money you do not need for anything else.
Next you should decide on an efficient staking plan taking into consideration your risk profile. The higher the risk, the bigger the stake. Conversely, the smaller the stake, the lower the risk. There is a delicate line between the desire to achieve higher profit and the discipline to manage your risk.
The bottom-line is, whatever betting fund and staking plan you choose, they should be within your comfort zone.
N – No ‘sure win’ tips
‘Sure win’ and ‘Insider’ tips are often disseminated over the Internet. Guard against such tips as they may be leaked out by interested parties to influence the market to move in a certain way. Any information gathered from the Internet must be thoroughly vetted.
Do your own analysis and research. It is your hard earned money on the line. Following blindly is the most foolish mistake any punter can make.
O – Optimism
Dealing with several losses in a row is a real test of our optimism in our betting game plan. Punters must understand that one essential element of turning the negative tide is to remain optimistic and manage our emotions. The inability to do so can lead to serious problems such as ill discipline and poor money management.
Our priority is to make sure our betting fund is not depleted.
P – Patience
It can be really frustrating that after spending a hard day analyzing the weekend fixture list of around 50 games, you have found that only one selection meets your betting criteria. So much time spent and only one value bet to make.
Yes, it is indeed frustrating, but do exercise patience. Do not bet for the sake of it. You are investing, not gambling.
Q – Quitter never win
Yes, quitters never win, and winners never quit. So, if your half-season report card is less than satisfactory, which camp would you be? The quitters or the winners? It is your call.
R – Record keeping
Do you know how many of those teams that you betted on actually won? Which league is your weakest performer? Which period of the football season (beginning, mid or end of season) is your most glorious?
You will have answers to the above if you document all your bets. Such record keeping will show you why you win, and why you lose.
Do learn from your mistakes to avoid making them again.
S – Specialize in your chosen leagues
The more you know a league, the better will be your grasp and ‘feel’ in whether a certain match in the league is of value for betting. Try not to be Mr jack of all leagues. Specialize in your chosen leagues. Know them inside-out. Knowledge is king.
T – Taking profitable chances in live-betting
The Internet and live telecasting…
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