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smart advice from an American sportsbetting writer

Covers.com is a great website if North American sports are your go. Proper stats and previews for the gambler rather than the bland stuff in the papers where pundits aren't gauged on their results. Tonight's the Daytona 500. It's the big one in NASCAR and I'll be trading the Betfair market trying to lay them all low and watch for big prices with a chance back in the pack.

Sports Gambling Maxims - from againsttheline.com

From an American college sports betting forum - similar to many of the previous ones I've posted. When looking back at a year of college football, and necessarily college football betting, gone by it is easy to note some of the mistakes we have made in attempts to increase our bankroll. Though most folks who have bet for a long period of time should have overcome all of these pratfalls (especially if they hope to be at all successful) I see entirely too many betting "Veterans" make these "Rookie" mistakes. So collected here for you today are "Bryan Mulroney’s Sports Betting Maxims" (Use them and prosper or ignore them at your peril.) 1. Always be in control This is maxim #1 because it is the paramount virtue of all bettors. Betting should not be done on a whim or just to have some cash riding on the game (unless you are chalking up the $10 wager as an entertainment expense.) When betting games you should be sober, clear...
Part II of that article from PPM (26) REALITY CHECK When betting, learn early that you can’t back the winner of every race. If you’re really good at selecting, you may back about three winners every 10 bets. More than that, and you really are doing exceptionally well. Not that MASS of winners means profit. If you’re getting 40 per cent winners at evens, you’re losing 20 cents in the dollar. You need ANY AMOUNT of winners whose odds total enough to give you a profit. Thus, if you can get 20 per cent winners, you need an average price per winner of 4/1 to break even, and 5/1 to make 20 per cent profit. This is a tough ask. It can be done, but it’s tough. It needs work, which I’ve stressed as one of the ways you can hit top gear . . . through hard work. (learn the maths of betting and how many winners you need to pick - this is vital) (27) CHECK OUT THE CHARTS What do I mean by the charts? I’m talking of the turn-and-finish pictures in the Sportsman, which cover...