rebel_with_a_cause said:
Some sage advice given to me by a bookie many years ago was "Don't gamble more than you can afford to lose and NEVER chase a win, you'll never catch it". Enjoy gambling if you want to do it but as has been said before, how many poor bookies are there?
Ironclad rules
1. Bookmakers love 'systems'. These guys consistently lose more than the average punter because a system (the bet plus one, the double up etc etc) do not work and encourages multiple bets.
2. Horses are rife with corruption anyway so the results are a bit of a lottery.
3. A bookmakers advantage at the dogs is approx 11% ( much more than other sports.)
4. Roulette cannot be beat. No matter how many books say it can. It cannot be beat. It is 100% scientifically impossible. If you win, it was luck, if you lose it was luck.
5. The worst value bet in football is picking the first half / second half result, well, apart from betting on Everton to make Europe
6. Poker is not classed as gambling in some areas of the world due to the level of skill involved. A skilled player will consistently beat a non skilled player therefore it cannot be a game of chance (some say).
7. Bookmakers do not know everything and the advent of the internet means a punter can get information as quickly as the oddsmakers. Information = money.
8. Blackjack can be beat but you need to work extremely hard just to earn a small percentage advantage over the house. Card counting gives approx 1-2% advantage. Every 100 quid wagered earns 2 quid.
If anyone else has any other tips post them please add.