If there is one common failing amongst punters it’s the belief that because they bet, whether as a leisure activity or on semi-professional basis, they have some limitless knowledge on all matters relating to the topic.

A guy who backs on horseracing thinks he can spot the best online soccer gambling bet or a backer who studies the tennis form all day presumes he might make cash on the NFL as well.

But you would not expect your plumber to be able to fix your bathtub and also your TV set at the same time… will you?

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

And it is much better to earn money in only one area – horseracing, golf, poker – than to make it initially in that one area and then go lose half of it by placing bets on a number of other sports you know little, or nothing, about.

Even within one sport you can find further sub-levels of expertise. Take the example of horseracing. You will find those who 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 amount of understanding and know more than your respective opponent on that one particular subject, that is the way to earn money. It shall certainly boost 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.