If there is one common failing amongst punters it’s the belief that given that they bet, whether as a leisure activity or on semi professional basis, they have some limitless knowledge on all matters relating to the subject.

A guy who backs on horseracing thinks he can spot an excellent soccer bet or a backer who studies the tennis form all day presumes he has a good point could make cash on the NFL also.

But you wouldn’t expect your plumber to be able to fix your bathtub as well as your TV set at the same time… will you?

Betting is about having an advantage – one advantage over your fellow players, the bookies, the house, whoever you are trying to win money from. You might have a specialised ability in one area of betting (an ability which helps you earn money) but you’re most unlikely to have such a clear advantage in all of the the others also.

And it is far better to earn money in just one area – horseracing, golf, poker – than to make it initially in that one area and after that go lose half of it by placing bets on a number of other sports you know little, or nothing, about.

Even within one sport you’ll find further sub-levels of expert knowledge. Take the example of horseracing. You will find people that concentrate solely on turf racing or races on the dirt, sprints or middle-distances, steeplechases or hurdles, handicaps or maidens, UK, American or Irish racing… the list goes on.

If you choose to narrow your field of betting, boost your amount of understanding and know more than your respective opponent on that one particular subject, that’s just how to make money. It shall certainly enhance your returns.

This is what you may need to do. And if you have not got that sort of information readily to hand then seek out those sources which provide such tailored advice. Learn from that and after that see what can be achieved.