"I have never had so much success (or fun) with the punt. Thanx heaps and great
punting to all!”
"I am very appreciative of the efforts that go into producing this outstanding information."
In
the final part of his absorbing series, PPM expert Statsman tells you
more about how to be a professional punter, using $5,000 as a bank.
I've
talked in my two previous articles about staking plan approaches to
professional punting. Now it's time to talk about selection. No staking
plan will work if your selections are poor. That's obvious. So you have
to work mighty hard at ensuring you are successful when it comes to
being your own tipster.
In the first of a 3-part series, PPM's expert
Statsman begins an absorbing probe into how a punter can turn $5,000
into a full-time betting bank and become, in fact, a professional
punter.
The series will examine a string of staking ideas, and
bring you the views of some of the world's leading bettors. It is
essential reading for any punter intending to turn professional-and any
punter happy to remain a keen amateur but also wanting to increase his
profits and end loss-making.
In the last issue of PPM, I went through what could only have been the most brutal set of figures imaginable to illustrate what would happen to a punter who started betting on the Target Betting plan called The Six Point Divisor Plan.
No great damage to the wallet or the psyche of the punter would have occurred in the first losing streak of 10 losers, as only 32 units ($32) was lost. Even after another 10 losers the loss was 182 units and I am sure most punters would have felt “unlucky” by this stage, as I am equally sure there would have been a couple of narrow defeats involved.
The ruination of most punters when applying a staking plan, usually revolves around an incorrect mixture of expectation and realism.
The expectation is that they will pick winners on a fairly regular basis and by the application of a staking plan will maximise their returns to ensure a profit when a winning selection is backed.
The realism comes when the punter’s expectation is not met and the winners do not arrive on the assumed regular basis.
In Part 1 of this series where I commenced a review on
staking plans, which I termed the Practical Punting Monthly Staking Plan
Challenge, I presented two staking methods that did not quite meet the
guidelines we were looking for.
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