Congratulations, you have completed the Wagering & Fundamentals tutorial from The Rating Bureau.
Winning Expectations 9 minutes
Maintaining your expectations in line with the reality of betting is one of the most important mental aspects to conquer on the journey to becoming a successful punter.
Unrealistic expectations eventually lead to frustration and that’s a dangerous emotion when it comes to betting. When you are frustrated it makes it harder to think clearly and makes you more prone to haphazard and reckless betting decisions, which you later regret.
When you are regularly frustrated, it’s also easy to become disillusioned with the betting game and wonder whether you can really succeed. We’ve all been through it at different times in our betting career.
One of the key expectations we need to manage as punters is our expectation of winning each bet that we place.
If you’re like me, you only bet when you are confident that the horse(s) you are backing will win… sounds obvious, doesn’t it? You might have varying degrees of confidence with each bet, but in your mind you expect to win or at least go close, that’s why you are betting in the first place.
However do you ever stop to reflect on what your actual winning chance on the bet is? In my experience most punters subconsciously overestimate their chances of winning a particular bet.