Author: lpaton80

I think one underrated trait for a professional punter is perseverance. This is an incredibly tough and ruthless business. There will be plenty of setbacks and disappointments along the way. If it was easy everyone would do it. It takes a certain mindset to be willing to walk the streets in all sorts of weather … Continue reading 67. Perseverance

Variance is a nightmare. Variance is one of the bigger topics relating to betting and doing this for a living. We will try and limit it to a few tweets. Variance is simply how your results are performing relative to the Expected Value (EV) of the bets you place. You can either run as expected, … Continue reading 66. Variance

I have alluded to the importance of patience in a few other tweets. I cannot stress enough how crucial it is to stay patient, particularly during the downswings. Its not just the downswings though, where patience is important, albeit exacerbated during those times. I am certainly guilty at times of placing marginal bets when things … Continue reading 65. Patience

In this tweet I will look at courtsiding and some of the other sports, rather than just golf. Lets start with Tennis as the name courtsiding originates from people being courtside at Tennis matches. A sport couldn’t be more perfectly designed for courtsiding than Tennis.If a tournament has 64 players, then it has potentially 63 … Continue reading 63. Courtsiding (2)

Courtsiding has always had a contentious reputation, that I don’t honestly think is merited these days. Courtsiding is the relaying of information from the venue. Lets look at the history of it first to put things into some kind of context. I am only talking exchanges in this tweet. Courtsiding has only really existed since … Continue reading 62. Courtsiding (1)

There are two aspects to looking at Rules & Regulations. The first part is truly understanding the bookmakers rules and regulations. The second part is understanding all the various nuances within a sport. As part of my time at Betfair we were in charge of writing various rules and regs for different markets. Given that … Continue reading 61. Rules & Regs

If you are only going to read one tweet in the series please read this one to the end as I think it is ultimately the most important. The industry has a huge problem with regard to Responsible Gambling (RG). The bookmakers motives are always at complete odds to Responsible Gambling. Let’s be very clear. … Continue reading 60. Responsible Gambling

These are known as Bet Builders in the UK and Same Game Parlays in America. First let me say I will talk about Multiples in a separate tweet. Bet Builders are in essence a multiple or accumulator on different markets on the same match. These are a relatively new phenomenon. The reason being is that … Continue reading 59. Bet Builders

I will talk about bookmaker restrictions in another tweet. This is also different to maximum payouts (Tweet 50). This is going to be about bookmaker limits per market and how it works behind the scenes and why understanding it is so important. Let’s take a sport like Soccer. Lets say the market goes on site … Continue reading 58. Bookmaker Limits