I hope everyone had a great festive period and did the same as myself and ate too much and drank too much! It was a great time for me with lots of great racing and family catch ups as well as friends. All good and we still have the New Year celebrations to look forward to as well which of course is tonight. A happy New Year to all my readers and subscribers.
I guess a lot of people will be talking and writing about new years resolutions and I’m no different but the 1st January is always a significant date for me as it will be 6 years ago tomorrow that I placed my first sizable wager as I sought to be a professional gambler. It was another 2 years before I pulled it off successfully and to the point I could make a good income from it. So what’s my point?
New Year is always the best time to start something new. I know a lot of people are skeptical about resolutions but this is usually because they don’t put the hard work in before the big day arrives. It’s no good deciding at 1155 pm on the 31st December that you’ll give up smoking. It just wouldn’t work. You would need to start preparing how to cope with all the situations way back in September to give yourself a real chance. The same is with betting. Should want to succeed you need to plan months in advance to give yourself the best chance of making a profit.
There are many things to consider that involve bank size, stake size, selection process, record keeping, losing runs and how to deal with them, winning streaks and how to keep a level head and the overall discipline required to make it successfully. As you can see there is a lot to think about and we need to be prepared before we start to bet.
The best piece of advise I can give you is that as of tomorrow you start to set out some goals for 2015 and that will be the year that you start to make a serious profit from your betting. Look at all the points below and spend two months on each one and then come this time next year you’ll be fully equipped to start making a profit.
1. Selection Process/Tipsters/Systems
2. Bank size to cover all the above selection processes.
3. Percentage of the bank to be betting.
4. Losing runs and how you will deal with them on a mental level.
5. Winning streaks and how you’ll keep a level head and more importantly stick to your staking size.
6. The psychology of betting as a method of earning an income.
Spending two months on each may seem a lot but you need to understand everything you can about what you are about to embark on. The reason I’ve put the selection process first is that you need have these in place and then paper trade them throughout the rest of the year as this will help in the learning curve and also highlight how many losers you’ll encounter and how to deal with them etc. The key to this year long exercise is that if you can see it through and keep records etc then you’ll have demonstrated one of the most important aspects of being successful…..discipline.
Of course the other key aspect is that while you are doing all this you can then start saving money so that you have a decent bank to start betting with when the 1st January 2015 comes along.
Please let me know how you get on and if you need any help throughout the year as I’ll always be here to help and give advice. I will write an article at the end of each of the two months highlighting what I’ve learned (yes I’m still learning and still do the above to keep me grounded!) and how we can implement this into our betting.
Of course one tipster you should consider is Value At The Races as I’ve done it for the second year in a row and topped the leader board for the year. You would have made just short of £6000 to £50 bets as an additional income had you followed every bet. Next year won’t be any different and I intend to top the charts again!
I’ll be back next week with more advice but until then I wish you a very Happy New Year and let’s make it a good one 🙂