Over the time i have developed and wrote down some betting rules that seem to be the most important and most relevant.

1.Don't bet more than you can afford. When you decide to get into betting, than set a side a bankroll.But as in any type of investment, be aware of the fact that there is a higher or lower doze of risk.The bankroll should be a sum of money that, if lost, does not affect your budget.Don't go betting more than you can afford to lose.

2. Learn how to lose. This might sound a bit strange, as most of us bet to win and not to lose.But as much as we hate to say it, the truth is that we can't win all our bets.When we have a losing streak or lose a bet from time to time, we should learn how to deal with it, as it is essential for any bettor to understand that losing is a part of the entire betting scene.If we stick to a good money management plan along with a good betting system then the winners will come.

3. Be patient. Most bettor tend to be very impulsive and lose their calm after a losing bet.This will lead to even more bad decisions which lead to bad bets, which will lead to the loss of money. Always be pacient when placing your bets.Most new bettor are in search of big winnings and they tend to think that everyday is a betting day.Know that even with about 10 to 15 carefully selected bets per month you can obtaine a consitent profit profit.Don't chase the bets, let them chase you.

4.Investigate the sporting event your about to bet on. Before placing you bets, make sure you have obtained all the relevant information about the sporting event your about to place money on. For example in a soccer match it's important to know any last minute injuries about regular players.This will create a short advantage for you untill the bookmakers modify their odds. Another example would be in horse racing when in the winter period when it is easy to spot those "false favorites" that start racing on the AW (all weather) tracks.

5.Keep accurate records of your betting history. Whether your betting as a full time job or just for a second income, it's important to have accurate records of your betting history.These records can help you determine some patterns in your betting. For example if most of you betting is on european soccer matches (most major european soccer league take a brak in the winter period) then in the winter period you either record a depreciation in your total profit or even a loss.If you see this distinct pattern in your record then you can correct it by betting on some other popular sportng events, during that period (winter sports, or am. sports - NBA, NHL, NFL ).