Why Sports Bettors Use The Investment Mindset

Some very successful sports bettors have come from Wall-Street and applied the those same theories and financial market strategies to sports betting.

They are disciplined in their use of systems to extract small profits time after time until they have doubled their initial investment over and over. They are satisfied with minimal but very consistent gains because they know that they will add up over the long haul. After all, a fund made up of pure financial assets that can return 25% in a year is considered to be very good. Whereas in sports betting, someone following a good system can double their money in one season in one sport, easily!

These sports bettors also bring another important idea to the table. The concept of “Diversification” which basically means NOT to put all your eggs in one basket. That means not to use just one handicapper or sports betting system just like how investors do NOT invest all their money in one stock. The law of averages dictates that every system may have some rough patches and perhaps lose a string of games, just like any particular stock can fall in value for a period of time. Using multiple systems will protect you and minimize your losses when those rough patches do occur. That is another reason to read the articles on this site!

Investors also operate pretty much like machines and do precisely as the systems tell them to do. The investing mindset realizes that there will be losses over the course of time and do not get too upset as they do happen. In addition, they know that their consistent small gains will outweigh their occasional losses. As a result, they show consistent gains and end up doubling their money over the long haul.

This is pretty much the opposite of the experience that most sports bettors have, in my opinion. The entire psychology of the average gambler is much more instant gratification oriented. The average gambler does NOT have a long term goal or vision. I see it all the time.

The question most asked to handicappers is what is your winning percentage? When the question should be do you make money for your clients. Higher percentage can mean that they are actually losing money since they offer picks with higher winning rates. For example, my MLB winning percentage is 43% since I place bets and offer those same picks to my clients that will win more money than teams with a winning percentage.

So they end up using horrendous money management and chase their favorite teams, the popular “hot” teams regardless of the point spread, hope to strike it big with teasers, parlays and other sucker bets. For the most, part they all end up losing their money. They have the idea that they are going to get rich fast, and that is the problem.

The investment mindset is patient and has long term goals. So my advice is to think like an investor. Think of your betting systems as investment vehicles and assets that are going to bring you long-term wealth.

This is an important concept that can greatly improve your success in sports betting.

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