Investing behavior is a popular topic among financial experts and economists trying to learn how and why investors and markets behave the way they do. Many of their discoveries and conclusions will be only as applicable to punters wagering on betting exchanges since they are to brokers and traders dealing on the financial markets. The difference is that many brokers and traders are usually working with other folks money, meaning that they have to exercise strict discipline since they are liable to their clients. Nevertheless, the independent punter may be only using his own money and has few restrictions on the he can do with it.

System discipline refers to fighting the temptation chase every seemingly good bet in favor of sticking to a system that has been tested and shown to become successful. Most successful systems advise the bettor to have a fixed quantity of money with which to bet (typically referred to as a “betting bank”); require that some manner of analysis or review accompany each bet; and dictate specific amounts, percentages, or odds. Many of these systems only work in the event the punter follows them perfectly, as adding variation changes the equations upon which the system is based. On the other hand, since best systems only provide small but steady profits, many punters become overconfident, impatient, or greedy and begin discarding aspects of their system. The result tends to be betting without a proven system and usually means the exact same hit and miss ratio as any random gambler.

The entire concept of system discipline is fundamentally counter intuitive to a normal punter. After all, he wagering on the outcome of an event which has not been determined yet. Nonetheless, sport betting is not like casino gambling where the outcome is totally random; instead, research and experimentation can – and does – result in the development of systems that may radically enhance the chance of winning. That being said, these systems will be just click the next site as good as the punter will be at employing them. Failing to be consistent, chasing after non-system bets that appear reasonable, and betting beyond one’s means all result in removing any advantage that a well thought out system may offer.

Once a betting system has been developed and proven, maintaining system discipline will be the primary factor necessary to maintain steady winnings. Any and all variation from that system changes the total amount of money won or lost, rendering the results derived exclusively from the system moot. Random betting on sports is a fool’s game because with a little time and energy the punter can do much better.

The professional punter knows and understands that system discipline will be the key to success. Using his system consistently, patiently analyzing each bet prior to making, refusing to get too greedy and accepting many small payouts over a couple of large ones are generally signs of a serious bettor that intends to earn money. While anybody can get caught up in the excitement of wagering and clever bookmakers constantly make offers that seem great, the professional with a proven system knows better.