I run a website dedicated to betting, and I place bets almost every single day – So why am I telling you that you should stop gambling?
To answer that, let’s take a look at what gambling actually is.
The dictionary defines gambling as the act of taking a risky action in the hopes of achieving a desired result.
The gambler may cross their fingers and toes, wear their lucky underwear and hope their bet wins.
But no amount of hope in the world is going to improve the chances of your bet winning.
If you want to stand a chance of making money from your betting, don’t gamble. Instead invest.
And by invest, I mean that you should know your numbers such – strike rate – return on investment, longest expected losing run etc… And you should have a bankroll and staking plan in place based on those numbers.
And these are numbers you have to know before you even place your first bet.
If your picking your own selections, that means you should first be paper trading and recording your results in a spreadsheet.
If your following a tipster, that will mean going through the tipsters previous results and calculating those numbers.
You can find the results of the tipsters that I recommend here: http://WinnersOdds.com/Tipster-Portfolio
When you take this approach to betting, you know that your bankroll is never at any serious risk, because you will have already made sure that it is big enough to handle any losing runs.
You won’t be placing bets and hoping they win. You will know from your strike rate how many of your bets you can expect to win, and you will play the numbers game.
Be honest with yourself. Are you gambling or are investing?
If your gambling, don’t worry. Almost every successful bettor know of started of f by gambling.
But they also quickly realized that gambling wasn’t making them any money. So they took the step of finding ways to improve their betting.
And there’s no reason why you can’t improve your betting too.
Until next time,