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Tips for the general punter
Whatever your gambling activity, below are my three best gambling tips for the general punter or bettor, in order of importance that I consider essential in your quest for success. The result of over 30 years' gambling experience.

Call them punter tips, gambling tips or golden rules. Stick to them and you will probably be a winner, stay a winner and enjoy gambling for a long time to come with no pain and no regrets.

1st tip: Gamble money you can afford to lose. If you need the money, don't gamble.

2nd tip: Gamble half of what you are willing to risk. This way, if you don't win, you will give yourself a second chance, another day.

3rd tip: Don't be greedy; if you lose what you have just won, you are.

Tips for the methodical gambler
If you bet methodically or want to devise your own betting system, then these are my three best gambling tips:

1st tip: Employ this 'one-way' winning strategy: Start with minimal bets. When winning, intensify the betting progressively as you win risking only a calculated portion of your wins. Put NO limit to winnings as long as profit is progressing.

2nd tip: Set your target profit levels backwards. It is easier to fulfil a target level backwards (as profit recedes) than forward. The danger of forward profit targeting is that you can get close to it, never quite make it, and then lose the lot. Backward profit level targeting is more suitable on low risk/win ratio betting systems; that is, you risk a little to win a lot but you win fewer times. Therefore when devising your system you should aim to win more money with fewer bets and in fewer winning rounds, hands or cues. Positive progression betting is one way to achieve that. This is usually a more efficient way to bet and gives you more flexibility in managing your winnings.

3rd tip: Approach gambling realistically. You cannot force a winning outcome and don't expect to win every time. Decide on a plan that lets you play in sessions or intervals, closing each session once certain criteria are met, and don't aim to win each one of them. Remember, what matters is the overall net profit result.

Thursday, May 15th 2008
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