It’s easy to bet but making money from it isn’t always as simple. These three things will help you to keep your betting profitable:

1. 1. Understand the numbers

   In order to get the best out of the bookmakers it’s imperative that you understand the numbers and know how to work them to your advantage. As far as I know no one can completely accurately predict the outcome of a particular race or event – the best you can do is guess or hope – but if you understand how the various outcomes will affect your winnings, you can hedge your bets and lower your risk as much as possible.

Since betting exchanges have appeared on the scene, a whole new facet of reliable info for shrewd bettors has opened up.

If you learn how to read the ‘smoke signals’ given off by the betting exchanges (and the market in general), you will have a real advantage over most punters, as they will still only be focused on reading the old ‘traditional’ lines of form.

I know you think this sounds crazy – how could you make too much profit? There’s no such thing as making too much money, is there?

No, but the problem is that if you aren’t careful there is a possibility you could get banned if you win too much on a regular basis with a particular bookie. They’re not stupid and at the end of the day they are also in business to make money. They have controls in place and probably share information with one another too.

For those of you that aren’t yet Big Mike Betting members, I wanted to remind you of how you can try some of Big Mike’s betting advice free.

Anyone can sign up to receive the occasional daily betting column as well as limited access to the forums, without paying a penny. What’s the catch? There is none. All you need to do is join on the Free Betting Tips page. It’s completely free and you don’t need to give us your credit card details either.

Those of you who are familiar with Big Mike’s posts and his strategic betting approach will know that he’s not a big fan of gambling. The Big Mike Betting strategy for making money from betting is completely different t and that’s why it’s so successful. But are you still gambling your profits away?

These are the characteristics of a gambler: