How Not to Bet!

I received a great question from one of my subscribers today, which just reminded me of how I used to bet, specifically when I used to lose more than I won.

The question itself has nothing directly to do with the title of this blog, and is completely valid, but it made me think of how not to bet, and my old mindset when I used to look for specific bets or betting systems. I was simply asked what the average odds are for a new Dutch system I've got in the pipeline.

This system will be my highest yielding Dutch system for winning bets, which also means it will lose more than the other systems, but overall generate a healthy balance growth with the winners, whilst protecting the initial investment. So, I can totally understand the question, as the returns and strike rate need to be high enough to cancel out losing bets, whilst still pushing the balance forward.

Anyway, this question made me think of how I used to literally be a bookmakers fantasy, searching for bets at specific odds, instead of taking each day as it comes, and assessing every new scenario on its merits. I'm sure this member in particular was not even thinking along these lines, but I'm glad I was asked the question, as it prompted me to write this hopefully insightful post.

don't be a sheep

With any successful bet or trade system, the average odds, the results etc, they take care of themselves. It's finding the right bets or trades that matters, and executing these correctly which should be the only focal point.

Bookies love to distract you with all kinds of offers and promotions, odds boosts, suggesting bets at half time, or focusing on specific outcomes that ultimately benefit them. Keeping the mindset of clients focused in the wrong direction is what your Joe Bloggs bookie loves to do. Instead of thinking about making the right decisions, and making a steady percentage profit, people can find themselves just looking at the odds themselves, and what might be if... Not only that, if you do win too much from a regular bookie they ban you, but that's another post on it's own entirely!