Wednesday, 3 December 2014
MrCricketTipster's Golden Rules To Make Money in Cricket Betting #3
The first two rules are
1) Don't Gamble and
2) Understand the Power of Compounding
Rule #3 is about whether to go In-Play or not. Before getting into Rule #3, let us see what the internet teaches you about this.
In-Play
What is an In-Play market! In In-Play markets the odds are decided in real time. It gives you more markets to choose than Pre-Match markets. You can sideline with a team based on the current state of the match. You can choose any team you want any number of times at least to cut your losses down.
The internet aggressively advises you to go In-Play to make huge profits in short time. There are many tipsters who tell you that In-Play is where the real money is.
The Rule#3: Never Ever Ever Go In-Play
Whether In-Play markets give you huge returns in short term is debatable. And the idea that It's where you can make sure shot profits is even more debatable.
Let's take an example from the Pakistan v Australia series. Before this series whatever you have done In-Play, on match winner markets would have won. That's alright for a week or so. Then came the 3rd ODI. Pakistan were 8 down when they needed another 30 runs. The odds on Pakistan to win was 5/1 at that time. Then the scores stood at 2 runs needed from 6 balls with 2 wickets in hand. A technical mistake led Australian team with only Maxwell to bowl the last over. Australia were 16/1 to win at that time. The last over bowled by Maxwell was a maiden with two wickets. I know most people who went In-Play lost huge money that day.
Nothing is safe in gambling. Quicker the returns more quicker the losses. No one ever understands this theory. No tipster ever teaches this theory as well.
Why one should gamble if there is no quick profits?
You must see the returns in comparison with other instruments. Secure investments give you 10% a year which is 0.03% a day. More riskier investments like stocks or mutual funds can give you 30-100% a year. If you look at 0.3% profit a day in gambling for a year at compound interests, then you can make 300-500% a year. This is how one must approach sports betting.
I can make this profit you are talking about in nearly 3-4 matches if I go In-Play!
Really! Just take a statistics of the bets you had taken.
1) Most of the times you would have taken an odd with lesser returns than Pre-Match odds.
2) Gradually, You would have started to bet huge amounts which you can't recover next match or in the current match itself when something goes wrong.
Why are you not a Millionaire or Billionaire by now if your method works! If anyone can teach me that trick I'll shut my site down without any issues.
Ha, Gotcha! You provide In-Play Tips
Yes, That's true. But all my bets are stats based. If it happens it happens or else I don't chase it. I don't jump like a monkey between both the teams. I stay firm in my decision for longer periods of time than many.
Use In-Play to cover your losses created from unexpected scenarios. Don't try to make extra/quick money by going In-Play. Always play an amount you can digest as a loss. If you start chasing your In-Play losses you are bound to lose more. This is how one should deal with In-Play markets. Any wise gambler would avoid In-Play markets as much as possible. Don't fall into the "In-Play is a gold mine" trap. It's actually a land mine.
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