If you are going to start Internet gambling make sure you start with a decent betting bank, a guide would be around 20 times your maximum stake. Most internet gamblers fail to understand that the best way of achieving a healthy and sustained long term profit from internet gambling is to set aside a sum of money away from your main finances, solely for the betting of horses. A punter with a professional attitude will set aside a bank of what he can comfortably afford to invest without having to dip into it for other financial commitments.
Having set aside your internet gambling bank it is vital that you consider your investment as capped in amount and do think you have an endless pool of resources to dip into. Gambling by its nature carries risks and is not a permant means of obtaining a salary. These risks include periods of low strike rates and long losing runs. Your betting bank and staking should be adapted for the method you use.
When internet gambling you should always stay with your strategy and conform to your staking plan strictly.
Place your bets for the day and stick to them, never return to try and win if you have lost.
To profit over a long period of internet gambling you must be betting at odds greater than the true chance of winning your selection have. So seek out the value and make sure you are getting the best price.
Open as many internet betting accounts as you can as the prices from them vary a great deal. If you take a price lower than the best on offer then you are losing the value.
Keep disciplined and only bet when you have decided you have found a genuine value price about a selection you feel has thebest chance. It takes great discipline to NOT bet at times. It takes discipline to walk away from a horse when the price isn't right.
Always keep a track of your internet gambling otherwise you will never know if you are winning or losing and you can also look back and analyse your mistakes or fortunes.
Try not to get emotional about your internet gambling and try to think of each bet wether it wins or loses as an investment, just as the stock exchange goes up and down so will your betting bank.
Always research your bets and make sure you are certain before getting involved.
The Do nots
Never gamble with money you cannot afford to lose. Set aside a betting bank and use solely for the purpose of your internet gambling.
Never up the stakes when you hit a losing run as invairiably you will blow your bank.
When internet gambling you should never chase your loses. As above at first sight may appear to be an easy way to guarantee an eventual profit but invairiably you will blow your bank in the end.
Never stay in the bookmakers when you ahve placed your bets, the temptation to bet on every race is far to dangerous.
Never back anything that does not represent value.
Never take a price that does not represent value, search out the best odds and never take the first one you see.
Never back without keeping a record of the bets you are placing.
Never get lazy and make sure you use your time wisely.
Never make the same mistake twice, always look back on your betting selections and try to work out where you go wrong.