When it comes to addictive activities, betting is up there with the best of them.

This means the majority of punters wind up gambling and ultimately, losing money. While this unfortunate fact is unlikely to change anytime soon, there is a simple way for us to avoid this trap.

All we need to do is follow these 2 non-negotiable rules...

First, we need to identify a betting strategy which has produced substantial profits over a long period of time; ideally several years. Strategies with limited or no track record, and strategies touting unrealistic "get rich quick" profits, can be safely ignored.

You may be surprised to hear this but, the most bettors do not follow this rule.

Whether it's a tipster claiming they can "turn £10 into £10,000", or the "secret loophole" that allows you to beat a roulette wheel, many punters get suckered in despite us knowing how unlikely we are to win at 1000/1 odds, and despite us knowing that a roulette wheel is infallible and cannot be beaten.

A proven profitable betting strategy, on the other hand, allows us to switch places and in essence become the casino. 

Now we have the edge over whoever chooses to accept our bets.

Of course, this does not mean we never lose a bet and so we come to the next rule...

In casinos throughout the world, people get lucky and win huge sums of money every single day. 

Does that mean the casino immediately stops accepting bets and closes its doors?

Of course not. The casino continues to take bets as normal and sure enough, that money will be recouped and plenty more to come after it.

When it comes to our betting, there will be days, or weeks, or even months where we do not turn a profit. We will hit runs of losers. This is built into the very nature of betting and in fact, this is what allows us to make outsized returns in the long-run. 

The more volatility there is, the more we can potentially make.

We should therefore strive to be like the casino – sticking with our proven strategy and continuing to place our bets as normal. Before long, what was lost in the short term will be recouped, and time itself will become our asset. It is by using the buffer of time that we inevitably find profit.

Keeping the mind focused on the long term, and exercising emotional detachment from short term performance is the key to success.

Few punters adopt this mindset and as a result, only 1 – 2% make money consistently from their betting. When it comes down to it, almost all the main causes for losing are psychologically driven...

– Quitting during losing runs.

– Using a betting bank for casual gambling.

– Chasing short term losses.

– Straying from a proven strategy or staking plan.

It is essential that we refrain from doing the above things if we wish to be successful. The services we offer at Lucrative Racing aim to provide you with all the knowledge and tools you need to start winning. 

However, it's up to you to implement these 2 simple rules in your betting.

The best time to start was yesterday, the next best time is today.

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