FAO All losing bettors!

Most people who lose at betting actually make good selections but they don’t practise good money management and this is the main reason bookmakers make so much money and clear so many bettors out. The most important thing in betting is to make sure you have enough funds so you can make not only your next bet but the next 10, 20 or even 50 bets. If you can’t there’s a chance you will lose all your money and not be able to continue gambling and who wants that?!

If you are a losing punter then start betting the same amount on every bet. This is called level stakes betting and if your bets are showing a profit when doing this your selections are sound and you might have an edge that stands the test of time. If you don’t make a profit betting the same amount on each bet, well the bad news is you have no edge but the good is that you probably just saved yourself losing a whole lot more money by betting bigger or varying your stakes.
Level stakes is not a path to riches but it can still be very exciting. If you set your  level stake at 2% of your bank and recalculate the 2% upon each 25% increase of your bank, thus minimising the effect of a losing streak you can still make a decent amount of money. Betting this way is a very measured approach and you have to learn to appreciate the maths behind betting and what sort of return is achievable. It’s also a lot less stressful!
You may think that achieving 10% or 5% return on your betting  using level stakes is not that appealing as savings accounts offer guaranteed amounts not too far off these figure (Well they used to! :S) but the power of turnover and achieving this return on each bet means you can make a hell of a lot more. For example if you saved £1000 and put into a savings account that offered 5% (Good luck finding one!), then your return at the end of the year would be £50. If instead you invested 2% of this £1000 on each bet (£20) and made 100 bets in the year which is a pretty small amount, less than 10 a month… then you would have invested a total of £2000 and if you maintained an average edge of 5% then you will have made £100, double that of the bank. The difference may not seem that big in this example but as your stakes get higher and the more bets you can make whilst maintain your edge, the more powerful this effect and the difference more significant.
Monitor your bets for a month or two and then go back and calculate the average amount of money you placed on each bet and I reckon it’s highly likely that had you staked this amount on each bet you would have made more profit (or lost less).    
Finding value bets to show a profit can be difficult but there are plenty of free tipsters on the Internet who have showed a profit long term betting at level stakes. You could also start with my Premier League Value Selections! They made a profit of 42.70 units so far this week and is now up to 155.82  units overall, a whopping 13.91% Return on investment. Here are the second lot of selections for this week.
Home
Away
Selection
Best Odds
Everton
Sunderland
Sunderland
4.33
Newcastle
Bolton
Bolton
6.5
Tottenham
Norwich
Norwich
11
Aston Villa
Stoke
Stoke
3.6
Fulham
Chelsea
Fulham
3.6
Blackburn
Liverpool
Liverpool
2.2
Man City
West Brom
West Brom
15
Wolves
Arsenal
Arsenal
1.5
Wigan
Man Utd
Wigan
10
QPR
Swansea
Swansea
3.6

Summary:

Week 1 -> 55.20 Units profit (55.2% ROI) 
Week 2 -> 59.90 Units profit (59.9% ROI)
Week 3 -> -41.80 Units profit (-46.44% ROI)
Week 4 -> 19.50 Units profit (19.5.% ROI)
Week 5 -> -5.9 Units profit (-5.9% ROI)
Week 6 -> -9.3 Units profit (-13.29% ROI)
Week 7 -> 15.5 Units profit (15.5% ROI)
Week 8 -> -14.70 Units profit (-16.33% ROI)
Week 9 -> 40.60  Units profit (40.11% ROI)
Week10 -> -13.00  Units profit (-13% ROI)
Week11 -> 29.50  Units profit (29.50% ROI)
Week12 -> 42.70  Units profit (53.38% ROI)
Overall -> 155.82 Units profit (13.91% ROI)