Mug Punter needs help

[Hefty]

Typical mug punter here but also reformed alcoholic that runs a pub so I am sure I can listen and learn

useless with the horses but more than reasonable on Rugby league handicaps

10 out of 11 bets last season

3 from 3 this season but need to understand this bankroll management thing that makes it work

look forward to receiving your help


:thumbs

[wb]

Hi Hefty. If it's horses you are interested in getting into, it's best to start out with the higher class races as they have more form to go on, and also get much more press coverage (you can read the press reports after you have looked at the form to see if you are on the right track).

Typical races to start out on are Group races on the flat, Graded races over jumps, Listed races, and the higher class handicaps. Until you find your feet, it's probably best to avoid Maiden races, Claiming races, Apprentice races, lower class handicaps etc. If you are unsure about the terms, I wrote an article explaining each type of race. (Mods: I was allowed to use this link before, feel free to remove it if it breaches the rules) http://www.letsbet.ie/articles/horse_racing/types_of_horse_race

You need to become familiar with what type of race you are gambling on, and eventually you can specialise on a particular type.


Another good starting point for newbies is to take the "£1000 challenge" on the forum. Basically, you use a mythical £1000, post the bets and stakes on the here and see what you can do. It helps to keep you disciplined if everyone is watching.

[bigcumba]

Welcome aboard Hefty.... alcoholic that runs a pub, you must have some serious willpower to handle that sort of temptation - best of luck with that mate! :)

Sounds like you've a good thing going with the RL handicap bets - with that sort of strike rate a simple % of your betting bank would see it soon shoot up - say 3% on each bet, recalculated after each bet. I think you'll find a few folk on here interested in that one!

It's also a good idea (if you haven't already) to get a Betfair account opened as you'll generally get much better odds on most things than with your typical bookies.

[Hefty]

thanks for the replies

I have experience in gambling on the horses but I am a typical stereotype mug punter , bet on most races but never win. I thank you for the advice given , with me having the pub now I intend on seriously taking up the sport of kings to win money for a change, I realise it will be a long hard slog but should be an enjoyable challenge.

I have just one internet account with ladbrokes at the moment but I intend on setting up 4 accounts that I will be using as my 4 system banks.

any advice on the best way to use the offers like the free £25 free bets, because the way I see it you don`t get the free £25 until you get the £25 back

I know I should wait for a Good rugby handicap but having looked there is nothing strong in the next couple of weeks unless injuries to players are a factor

[MarcusMel]

I would start by dividing your start bank into 100 bets and keeping to steady stakes for a period of time so you get a feel of how each system works. Some systems seem to have long periods of remaining about the same or seem to drop steadily and then have a couple of days of making you a lot of profit. Others just bounce around like crazy and you have no idea if you are making a profit or not.

Once you have the data go back and see what would have happend if you had applied a different staking methods to the system. One of the most effective staking methods is to apply percentage of the bank adjusted daily to your bets.

The hardest thing is to remain disiplined, but I think you may have solved that problem once before:thumbs

[paul183195]

welcome hefty :Helooo
all i can say is this - you will get good solid advice here ( though not from me :D ). good luck on what you do & stick to what you know your good at