First please confirm that ankor text it a link using a keyword to another page in my site or to a page outside my sit or tell me what it is if that is not it. Next Is it better to used keyword hyper links to another page in my site that relates to what the keyword is about or is it better to make keyword hyperlinks to a site outside of mine that is a related site.
Is there any difference between a hyperlink that uses a keyword as the link (keyword that is blue with a line under it that shows it is a link) that goes from links to other pages in my site and these same kind of links that goes to a site outside my site as far as the benefit to search engine optimization goes.
Inbound links (from other sites to yours) are most valuable, depending on the sites they come from. Internal links between pages on your site are also important. The value of outbound links (from your site to another) is a hotly debated topic. A small number of related links to authoritative sites can sometimes help bots know what your subject is (especially AdSense). Any keywords which are also links are possibly weighted higher that non-linked keywords. Cryo.
I will try to answer this, As far as SEO is concerned, the following link allows the search engine to figure out what content is the targeted page relating to: <a href="http://www.mydomain.com/seo-tips.html">SEO Tips</a> Code (markup): If you just link to a page directly stating the url, search engines will not know the relevancy of that page. Therefore, anchor text helps in SERP