Football betting: maintenance of the discipline system
Website design By BotEap.comInvestor behavior is a popular topic among financial experts and economists who are trying to learn how and why investors and markets behave the way they do. Many of his findings and conclusions are just as applicable to bettors betting on betting exchanges as they are to brokers and traders dealing in financial markets. The difference is that many brokers and dealers work with other people’s money, which means they have to exercise strict discipline as they are accountable to their clients. In contrast, the independent punter generally only uses her own money and has few restrictions on what she can do with it.
Website design By BotEap.comSystem discipline is about fighting the temptation to chase every seemingly good bet in favor of sticking to a system that has been tested and proven successful. Most successful systems advise the bettor to have a fixed amount of cash to bet on (commonly known as “betting bank”); require that some form of analysis or review accompany every wager; and dictate specific amounts, percentages, or probabilities. Most of these systems only work if the bettor follows them perfectly, as adding variance changes the equations the system is based on. However, since the most effective systems only bring small but consistent profits, many punters become overconfident, impatient or greedy and start discarding elements of their system. The outcome tends to be betting without a proven system and generally means the same hit-to-miss ratio as any random player.
Website design By BotEap.comThe whole concept of system discipline is fundamentally counterintuitive to the average bettor. After all, you are betting on the outcome of an event that has yet to be determined. However, sports betting is not like casino games where the outcome is totally random; instead, research and experimentation can, and does, result in the development of systems that can radically improve the chances of winning. That said, these systems are only as good as the bettor uses them. Not being consistent, chasing non-system bets that seem reasonable, and betting beyond one’s means all result in the removal of any advantage a well thought out system might offer.
Website design By BotEap.comOnce a betting system has been developed and tested, maintaining system discipline is the main factor needed to maintain consistent profits. Any and all variations of that system change the total amount of money gained or lost, making results derived solely from the system moot. Random betting on sports is a fool’s game because with a little time and effort the bettor can do much better.
Website design By BotEap.comThe professional bettor knows and understands that the discipline of the system is the key to success. Using their system consistently, patiently analyzing each bet before placing it, refusing to get too greedy, and accepting many small payouts instead of a few big ones are all signs of a serious gambler who intends to make money. While anyone can get caught up in the thrill of betting and smart bookmakers constantly make offers that seem very good, the professional with a proven system knows better.