is discipline an edge?

Few would deny that you need both. So why bother discussing it? Waste of time.

It gave me a good laugh to see the OP post 'you absolute mugs'. I was expecting something like 'thanks for your help'

Discipline is only needed in situations where there is some form of inner conflict. Examples would be

a) You want to lose weight, but love eating lots of junk food.
b) you want to make money betting, but making money in a systematic way is going to bore you and what you really want is the excitement that comes with winning and losing large amounts.
c) you're desparate to find a job, but you have trouble with authority.

All of the problems above require discipline to solve them. However, if you want to make money betting and thoroughly enjoy making money in a systematic way, then you're going to do what's necessary anyway. It doesn't require discipline if it comes naturally to you, in the same way that staying in shape and eating healthily requires discipline for some and not for others. It's not a guarantee that you will succeed though.

I think many people use discipline as an excuse, deluding themselves that they are great at betting, and would make lots of money if only they had discipline. To me it's no different than saying they would be really good at betting if they only placed really good bets, which is pretty much a given.

A trait of winners in all walks of life.?
Maybe not the occasional rock star ?

With that approach Lusi, could any successful pro gambler ever be defined as a " winner ", unless he uses all his winnings to fund some charity perennially short of funds ( and I don't mean himself).

he would always be a winner at what he particularly does, regardless of where the winnings go to, but for me, that would make him a winner only at gambling and not at anything else, so if i had mister pro-gambler winner in the mist of all the others winners (what i consider winners) he would probably be in the lower ranks, of course that if at some point mister pro-gambler gave back some (not all like you said) that would make him go higher in the ranks, like if he somehow found the cure to cancer

now, dont tell me that we will jump from the issue "if we need discipline to be a winner" to the issue "what is a winner"

Just saw this thread. does it not depend on how the ''good win'' on
Saturday was initiated and achieved. If it was backing a successful
1.50 chance at 1.70 then taking a day off is fine, but what if there
was another similar 'edge' bet on Sunday ? Also what if the 'good win'
was just a good guess ? On a personal note, nothing wrong with taking
a day off, what you haven't spotted, you haven't missed.

It seems to me that there would be a simple test of whether discipline is an edge in itself. The procedure would be as follows:

Random number generate a selection per day.
Bet 1 pt at Betfair SP on the selection.
Record your profit/loss on a daily basis.
After 10 years, establish whether your discipline has earned you a profit or a loss.

If you get too close to the edge you will fall off.

And I still haven't found what I'm looking for.

I seldom post nowadays but I always get a chuckle when I hear about the old chestnuts, Discipline, Edge, value etc etc etc. Look at some of the old posts. If one looks within ones ego then one will find all the answers. That may be a bit deep and meaningful for one or two on here. EGO is the route to damnation.

EGO?
Is that something to do with goal expectation ?

parturient montes, nascetur ridiculus mus

I have very little discipline. Never have had, never will have. It's in my nature. But every time I chase a loss, I learn a little bit more about how to avoid it next time. I have various solutions:

- I have no control over deposits into my account (so discipline by proxy if you like)
- after a bad day I calculate my net worth (puts a loss into perspective)
- I play an MTT at poker (gives me a remote chance to win it all back)

I would also argue that my chase bets are barely EV-, they're just not very EV+.

Also, if anything, sharing the mentality of the vast majority of losing gamblers probably gives me an extra edge in exploiting them!

zola..we have the exact same join date,  freaky

Could someone please define the word ''discipline'' in relation to betting please ?

LMansini Joined: 15 Oct 05
Replies: 687 17 Nov 10 22:15   


ok, for me it is..   only betting on things you are sure of.   For example I said earlier that my best ever time on betfair was when you didn't have to pay PC with only 4 bets a week.  So before I bet I would ask myself not only "is this a good bet"  I would ask  "is this going to be one of the top 4 bets I will have all week?"

In gambling there is the constant mental pressure to bet on things you don't know about.  So today I lose $100,  and on saturday there is a game I have researched and identified and I know I can win more than my losses back.. but my brain tells me... its only wednesday, I'm not waiting till saturday, I want my money back right now.  So you bet on some south american soccer and lose even more and more.


What a load of rubbish.

"What a load of rubbish."         then the person below says  98 % of people can learn that

exactly..

so Mr.  "What a load of rubbish."  is obviously a winner who never chases, never has any problems.. Wow.. you are my hero, how do you do it ?

For my part I admit that I have had times of discipline, where I made a lot of profit,  and times of insane idiocy where I lost of it.  This was influenced by the real world.. Like problems in my person life made me make stupid bets.  And now I'm doing good...

But Kenilworth it's obvious that since your first ever bet you have been a kind of 'special chosen one.'

This is what I think.  If 98 % of the population cannot do something,  and you can,  and you become an arrogant piece of sh it because of this fact.... You deserve your fall.  I deserved mine, although I am still several thousand pounds in profit, this is less than what it was.  But my brain has learned a lot.

Was dich nicht umbringt, macht dich staerker, LMansini.

lo que no te mata, te hace mas fuerte, che