Be disciplined with your money, as money management is one of the keys to making money betting. If you are on a winning run, dont go and spend your money on silly things because the law of averages says that tomorrow you could be on a losing run and you will need the money that you made yesterday to cover the losses.

Always put aside a certain amount for your betting bank that will be used solely for betting purposes and never mix it up with other money ie living expenses etc. Use this money as an investement and dont ever spend your betting bank. This will be used as leverage, to make you money.

Discipline is another key to making money against the bookmakers. They rely on so called mug punters who basically give them their money.

If you are having a bad day and you have had a couple of losing bets, Dont back the next best thing! You will be commiting one of racings biggest sins and chasing your losses. Stick to the bets you decided on earlier that day and dont impulse bet just because the paper, TV or radio says it is a dead cert. These dead certs happen all the time but dont always win.

When you do have a losing day, just write it off as a 'losing day' they will happen and it is pointless being down about it. Dont worry your luck will turn.

Keep a level head about your betting, dont celebrate too much when you are winning and dont be too down about it when you are losing. Remember you have set aside a bank especially for betting purposes and if you lose it, then it wont interfere with your daily living.