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The 2 Million dollar lesson
The folly of sports bettors is their inability to approach sports wagering for what it is - an investment vehicle. They have a short-term perspective on a long-term endeavor.
The proper approach has nothing to do with gambling or chance and everything to do with hard work and discipline. Forget about day-to-day results and concentrate on the long haul.
If you are looking for 80 percent winners, you are a sucker. No one is hitting 80 percent winners. Those types of figures are misleading and dishonest and nowhere on this green earth is anyone picking at that rate. That is a guarantee. Ask any professional gambler if he would take 55 percent winners and the answer would be an enthusiastic yes. Professional gamblers understand and appreciate the profit potential of this number.
Do you know how many emails we receive stating that a 55 percent winning ratio is worthless? Well, for those folks we are going to do a quick case study.
Assume you can pick 55 percent winners over the course of a 200-play season laying the standard 110 to win 100. You start with a $4,000 bankroll and bet 5 percent ($200) on each play. You bet an average of 200 games per season, four seasons per year (baseball, basketball, football and hockey) at 5 percent of bankroll.
By following this scenario, your bankroll would be worth more than $2,000,000 in less than 7 years? A quick disclaimer: that assumes you took no profit along the way and could find a place to make 5 percent bets on a seven-figure bankroll. However, the point we are making is simple and the key to profiting in this arena.
We have no idea why so many fail to understand these concepts. Remember, success is measured and accomplished by achieving 55 percent or better, managing your bankroll intelligently, and maintaining a long-term perspective. Are you the type that measures success on a daily basis? Do you lack patience or discipline? If you answered yes to either of these questions, gambling on sports is simply not for you.
I just wanted to add I am currently running a free trial period until April 1 2003 for my hockey selections!!
http://www.beatthespreadsports.net
[email protected]
The folly of sports bettors is their inability to approach sports wagering for what it is - an investment vehicle. They have a short-term perspective on a long-term endeavor.
The proper approach has nothing to do with gambling or chance and everything to do with hard work and discipline. Forget about day-to-day results and concentrate on the long haul.
If you are looking for 80 percent winners, you are a sucker. No one is hitting 80 percent winners. Those types of figures are misleading and dishonest and nowhere on this green earth is anyone picking at that rate. That is a guarantee. Ask any professional gambler if he would take 55 percent winners and the answer would be an enthusiastic yes. Professional gamblers understand and appreciate the profit potential of this number.
Do you know how many emails we receive stating that a 55 percent winning ratio is worthless? Well, for those folks we are going to do a quick case study.
Assume you can pick 55 percent winners over the course of a 200-play season laying the standard 110 to win 100. You start with a $4,000 bankroll and bet 5 percent ($200) on each play. You bet an average of 200 games per season, four seasons per year (baseball, basketball, football and hockey) at 5 percent of bankroll.
By following this scenario, your bankroll would be worth more than $2,000,000 in less than 7 years? A quick disclaimer: that assumes you took no profit along the way and could find a place to make 5 percent bets on a seven-figure bankroll. However, the point we are making is simple and the key to profiting in this arena.
We have no idea why so many fail to understand these concepts. Remember, success is measured and accomplished by achieving 55 percent or better, managing your bankroll intelligently, and maintaining a long-term perspective. Are you the type that measures success on a daily basis? Do you lack patience or discipline? If you answered yes to either of these questions, gambling on sports is simply not for you.
I just wanted to add I am currently running a free trial period until April 1 2003 for my hockey selections!!
http://www.beatthespreadsports.net
[email protected]