Gambling isn't a mug's game, but if you approach it like a mug, you'll lose. Have you been throwing good money after bad? You're not alone. For years the bookies' jealously guarded the tricks of the trade, their edge, because if you won, they lost: and odds-on, you lost.

"Gambling is easy - but winning is tougher. It takes discipline, hard work and an agile mind, but when you win, believe me, there's no sweeter feeling. In this book you can find an insider's guide to how to bet, where to look for your edge, and how to turn that edge into the maximum profit.

Gambling can be profitable, and it can be fun: read my tips on how to bet, and maybe you can have both at the same time." - Tim Phillips. We've recently witnessed the biggest revolution in 200 years of legal gambling. The way we bet has been transformed: exchanges allow us to make a bet not with a bookmaker, but on the Internet with anyone who has money and an opinion.