If there’s one common failing amongst punters it’s the belief that while 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 online soccer bet bet or perhaps a backer who studies the tennis form all day presumes he will make cash on the NFL also.

But you wouldn’t expect your plumber to be able to fix your bathtub as well as your TV set at the same time… will you?

Betting is all about having an advantage – an advantage over your fellow players, the bookies, the home, whoever you are trying to win money from. You could have a specialised ability in one area of betting (an ability which helps you earn money) but you are most unlikely to have such a clear advantage in most the others as well.

And it’s far better to make 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 a number of other sports you know little, or nothing, about.

Even within one sport there are actually further sub-levels of expert knowledge. Take the example of horseracing. There are actually folks that 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 decide to narrow your field of betting, enhance your degree of understanding and know more than your respective opponent on that one particular subject, that is how you can make money. It shall certainly improve your returns.

This is what you will need to do. And if you have not 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 can be achieved.