Attention For If It's Wet

Hello mate (& anyone else who might bother reading this). It could go on for a while, but I'll try to be as concise as possible.

The number one reason people lose is because of the message we receive about betting. We get the message from a loved one or society at large and it is as follows: Gambling is evil and all gamblers lose. We all got it somewhere or another. Now we easily dismiss the first part. Of course it isn't evil. The second part is more difficult: All gamblers lose. This runs round in your subconscious. It is the thing that makes you repeat non-winning methods and blowing all your winning. You are proving THEM right by acting in this way.

Now think. Who gave you this message? Mother, grandmother, etc etc. What were their qualifications to give you this message? Had they thoroughly investigated sports betting as an investment strategy? Of course they hadn't. They simply lumped all "Gambling events" together, this includes all the silly casino games and made a sweeping generalisation that as we are generally young accept the notion from the people who told us. We know that they did not understand betting. Now what we must do is clearly identify events which it is possible to make a profit on. i.e. a positive expectancy stochastic event. That would apply to the events on betfair. I'm assuming football in your case.

Next step is to get clear in your head that if you approach this as investing and do the research and work to identify positive events then it ceases to be gambling. It is a form of investment equally as valid as something on the stock market. Society doesn't think that buying shares is bad does it???

Next, get studying. Coose your sport and do your research, read EVERY book you can find. Even go a bit off the beaten track so to speak. Find angles and approaches not used by the masses. When you feel that you've got them, start working with paper bets. If you can't amke a profit on paper it is a MONSTER fact you'll not do it with real money. Once you get positive then is the time to start with real money. Get a bank together. Use a small amount, that way if you have a bad day it won't hurt too much. Personally I use 1%. Some may think that is small, but if you are good it will grow. You could use 2%, but I wouldn't go any higher.

Now when you start betting, 1st thing to remember is that you completely reject the notion of gambling this is INVESTING.

OK now you have a strategy, a bank and you know that all gamblers don't have to lose if they do the necessary work.

Next, you must record all bets in a profit and lose account, but you also got to record something else. How you FEEL. Sounds a bit silly, but read on. What you have got to do is record how you feel when you win, how you feel when you lose and how you feel about your next bet in each scenario. Also how you feel at the end of each day (win or lose). What you are trying to do here is identify the times when you feel bad and it has an effect on your investments. Patterns will emerge. Learn what makes you feel bad and act to minimise that risk in future.

If you hit three losers on the trot, stop for the day. There is now way you are in the same frame of mind working out your next bet as you are had you not just backed three losers. take a break and reflect. Then, come back the next day refreshed having seen where you went wrong.

You must learn to control YOU!!!

There is no such thing as luck or anything else. Control yourself and do the necessary work. The more you get into it the less of a buzz it becomes, even boring, but watch that balance grow in the top right hand corner.

Any questions If It's Wet, just come find me.