Originally Posted by
rooter
I tend to stick to sporting events that have only 2 possible outcomes eg. NRL, AFL (draws are very rare) and avoid sports where there are 3 or more possible outcomes.
I generally avoid football/soccer because draws are quite common so there are 3 likely outcomes, and definitely avoid motor sports, races etc where there are dozens of possible winners (and at least 6 likely winners).
I also avoid the lure of big odds - bookies offer you big odds to because they are almost certain they wont have to pay out on them.
I also avoid exotics - they are designed to lure novices, and greedy punters.
Bookies (and con men) rely on two things that are very prevalent throughout humanity; greed and stupidity.
To beat the bookies don't be greedy and don't be stupid, avoid all the goodies they dangle before you that offer big returns.
Stick to putting large bets on short odds and you will generally end up on top (what is large depends on how much money you have - it could be $10 or it could be $1M - its all relative but the principle is the same).
Don't see gambling as a way to get rich quick - that will never happen.
Rather see it as a way to generate small consistent returns
bet on what you set out to bet on in the first place - don't be distracted. Bookies (and supermarkets) always try to distract you from the rational choice you have made by dangling colourful goodies (with no nutritional value) to stop you going for the thing that's actually good for you.
In summary. Short odds - small returns - big bets - long term returns; it's boring and you will never get rich but its a nice way to supplement your income week in week out
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