Many bettors have no idea what does 16 1 means in betting. This is an important concept that is very easy to grasp but difficult to implement in a lifetime of betting. Let us begin by understanding what the word means.
“When backing a horse, place a bet that the total sum of the money wagered on the winner will be the same as the total sum of money wagered on all runners in that race.” Sounds simple enough doesn’t it? This is true as long as you can identify the key factors that determine the result of a race and how to compare each runner with all the others in a particular situation.
This may sound like simple common sense. Yet some bettors won’t follow this rule. They tend to place bets on horses that have a remote chance of winning only because of their previous form. Such people are not sophisticated enough to understand that all forms have limitations and past performances have no bearing on future performances.
Another example of this is the person who places a bet on one horse and then later finds out that the horse he has chosen to back has really faded. Instead of backing the horse, he should have kept his original bet. In this way, he would have saved his money and at the same time he would have got his money back if the horse had won. He may still end up with a loss, because there is still a difference in the amount of money wagered. But he would have at least retained his initial investment and this is what matters.
So what does 16 1 means in betting? It means that you can lose and gain simultaneously if you are not careful with your bets. You will lose money if you are careless in making your bets. Remember that you are playing the game for money. In the gambling games the players lose money as they do not know the rules and regulations well. Such players never know when to quit and should always keep their wits about them because they never know when they are losing that little bit more.
On the other hand a person who is aware of the game and follows all the rules well wins because he has more chances of winning. The more money that he wins the more money he gets. A smart player knows how to make the right choices and thus makes more money. He bets according to the status of the horses and as such wins more often than someone who picks a random bet.
It is advisable that you avoid placing all your bets at one time. There is no use trying to win all the bets. You should spread your bets over a wider range. This will improve your chances of winning. You should try and get the best out of every bet you make. Only after you have made a few good bets should you step into the realm of big bets.
If you want to step up your game and become a winner at betting then you should take the help of a good betting system that will teach you how to make better choices. You can find these systems online. You can download one from the internet and use it to start betting with a plan. You will soon start making money from your bets and be on your way to winning the most.
How much you are willing to lose is another factor that you should consider when choosing your bet. If you do not like to lose money then you should not bet on a horse that has been losing recently. The more you loose the less money you will win from your betting. A good betting system will give you the option to choose bets that you will win money from as well as those that you will lose money from.
Another important thing to know when it comes to what does 16 1 means in betting is that you need to make sure you do not place all your bets at one go. You should spread them out. This will ensure that you do not place a big bet on a very low chance. This is a good way of ensuring that you do not end up wasting your money. It is important not to take all your chances at winning and so spread your bets over a wider range of events.
Another important part of what does 16 1 means in betting is that you should not go too fast. No matter how good a bet you think it is, if you are not fully confident about it then you should not be taking it. This means that if you are really confident that you will win then take your time betting. Wait until you have collected some money from your previous bets before you go for your biggest bet. This can be the best way of ensuring that you do not end up losing all your money.