Are you a gambler or are you an investor?
A gambler is someone who risks their money in the hopes of achieving a desired result, whereas, an investor does their research and invests their money into things they believe are likely to return a positive outcome.
When it comes to betting, you can take a gamblers approach or you can take an investors approach.
Whichever approach you choose to take will greatly effect the results you will achieve (or fail to achieve) from your betting.
Here’s a few questions you can answer to see which type of bettor you are.
- Do you follow a staking plan?
- Do you have a bankroll put aside, separate from your main money, that you use solely for betting?
- Do you track all of your bets and results?
- Do you know what the strike rate, ROI and average odds was for all your bets within the last month?
- Do you stick with a strategy, system or tipster for picking your selections as a pose to hopping from one system to the next, month after month?
If you answered yes to all of the above questions. Great!
You’re taking a very systematic approach to your betting that will allow you to make some good profits if you keep at it.
But if you found your self answering no to one or more of the above questions, you’re probably taking more a gamblers approach to your betting.
If you continue to bet like this you might hit a big winner and make a profit in the short term if you’re lucky.
But you will almost certainly make a loss on your betting in the long haul unless you make some changes.
Here’s a few articles worth reading that can show you how to take a more professional approach to your betting:
Until next time,