Rather than a special guest, this week I wanted to talk about some of the key information that you can find in our free Better Betting ebook that is made available to all newsletter subscribers. It is a compilation of a lot of the articles I have written over a number of years and there is a considerable amount of punting insight to help improve your results.

Punting Insights You'll Find

The number one reason why most punters lose.

Why it is risky to put all of your eggs in one basket.

Identifying false favourites from true favourites.

Form analysis, staking and mindset.

A ton of valuable betting lessons that you can learn from my free e-book.

David's Closing Tip:

" There's a million myths out there.  A lot of what's been passed down generation to generation doesn't apply, it's just repeated over and over but that doesn't make it fact.  "

Get the Transcript:

Episode 39 : Horse Racing Tips, Ebook Highlights and Top Takeaways

Welcome to Betting 360, your number one source for horse racing and sports betting insights. Coming around the bend is your host David Duffield, with another expert view to give you the winning edge.

 

David Duffield: Hi, this is David Duffield, and welcome to another episode of the Betting 360 Podcast. Rather than have a special guest on today, I wanted to run through some of the key takeaways from the e-book. It's been around for a couple of years now, and a compilation of a lot of articles I've written over a number of years. There's some pretty important pointers to take away from it, so for those that don't want to sit down and read more than 100 pages worth, maybe it's worth a few minutes of your time to listen in.

The first article refers to the number one reason why most punters lose, and that is to only bet when you're getting value. A lot of people are a lot more focused on trying to find the most likely winner of the race, rather than spending as much time worrying to find the best value in the race. Only bet when you're getting value is obviously a key ingredient in winning long term.

Making every effort to get the best available odds doesn't sound too exciting, but it's vitally important. Also, the third thing: balancing risk versus reward in the way you manage your money. A lot of people consider the upside, how much they'd like to win on a bet, but they don't really consider the downside.

Next was Paul Makin, a super successful multimillionaire. There's a lot of the points he's put out in the past that still resonate today. A few of those are: don't count your winnings by the day; the price must be right, you just have to keep taking value; if you want to win, you've got to have a professional approach; there's a whole number of punting tips he's put out, and they're well worth taking a closer look at.

“Avoiding an Expensive Mistake”: that's again to do with bankroll management. It relates to the example of someone that we had where basically by their bank being too small to begin with, or they were betting too large a percentage of their bank to begin with, they missed out on a massive winner.

“Don't overlook the T in Profit on Turnover”: a lot of people get excited if they hear say a 10% profit on turnover, or a 20%, but they don't spend enough time worrying about the actual turnover amount. By that I mean a 10% profit on turnover sounds great, a lot of pros would be very happy with that, but if you're having ... to exaggerate, if you're having three bets a month, 10% profit on turnover, well you're going to have to have some exceptionally large bets to pay the bills; whereas if you're having four bets a day and you're doing 10% on turnover, that's fantastic.

Then we talk about place betting: if you're doing it on the TAB and you can … basically if you're complacent enough, or naive enough, to just do it via the TAB, and you don't consider the round down or the take out you've got to beat in the round down,