Keeping Betting Records
Think this Betting School lesson needs anything else added to it? Disagree with anything written above? Let us know your thoughts and your insight could be included in the OLBG Betting School!
It\'s bad advice not to keep records and I was only lucky because I was disciplined, a trait you need to keep records in the first place. Now, I know better.
Its also very useful for keeping tabs on your spending and keeping yourself within your budget. This way you can keep some of your betting pot to 1 side during quite weeks to build a bigger betting pots for busier weeks.
Ultimately the business of making money comprises exciting bits and dull bits. Most gamblers crave the excitement and ignore the dull; lets be honest whats not to like about nipping down the shop and having a lump on one we fancy? Win or lose we get 'the buzz'. But in reality we should be looking at the 80:20 rule (or maybe 90:10?????) - 80% dull boring nonsense like record keeping and 20% actually having a go.
Can I also point out that a 6% return on investment is exceptionally good? That means for every 1000 pounds you invest you will get 1060 pounds back whatever your base stake! You can only know this by keeping records.
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