If there is one common failing amongst punters it’s the belief that since they bet, whether as a leisure activity or on semi-professional basis, they have some limitless knowledge on all matters relating to the subject.

A guy who backs on horseracing thinks he can spot a good excellent online soccer (visit the next post) bet or possibly a backer who studies the tennis form all day presumes he can make cash on the NFL as well.

But you would not expect your plumber to be able to fix your bathtub and your TV set at the same time… would you?

Betting is about having an advantage – an advantage over your fellow players, the bookies, the home, whoever you are trying to win money from. You might have a specialised ability in one place of betting (an ability which helps you make money) but you’re most unlikely to have such a clear advantage in most the others also.

And it is far better to earn money in only one area – horseracing, golf, poker – than to make it initially in that one area and after that go lose half of it by placing bets on several other sports you know little, or nothing, about.

Even within one sport there are further sub-levels of know-how. Take the example of horseracing. You will find folks who concentrate solely on turf racing or races on the dirt, sprints or middle-distances, steeplechases or hurdles, handicaps or maidens, UK, American or Irish racing… the list goes on.

If you choose to narrow your field of betting, improve your degree of understanding and know more than your respective opponent on that one particular subject, that’s how you can earn money. It’s going to certainly improve your returns.

This is what you may need to do. And if you haven’t got that sort of information readily to hand then seek out those sources which provide such tailored advice. Learn from that and then see what may be achieved.