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Aspiring to mediocrity in gambling

Go along to any seminar on business or career management and you leave with the the current trendy "buzz phrases" going around and around in your head. Great gems like "Be the best you can be", "There are no prizes for second" (in racing of course not correct!), "Great people achieve great things every day", and so on and so on to the point of being excruciatingly boring.

Well the real truth is that great people DON'T achieve great things every day. In fact, if you did a day by day analysis of their entire lives you'd probably find the percentage of days in which they really did achieve great things probably ran at about 3%. NO ONE runs at 100%, 100% of the time. We're simply not built for that performance level.

Winston Churchill may well be remembered for being a great war time leader in WWII for the British but you can rest assured, he had his days of failure along with his days of achieving great things as did any "great" person you can think of.

Which got me thinking about a wonderful turn of phrase I saw the other day which was used in a rather disparaging manner, talking about, well, it doesn't matter who it was about. The phrase was "he aspired to mediocrity". What a wonderful way of putting things. BUT, as I thought more about it, while it was certainly a put down of the person involved, it may not necessarily be a negative thing as far as punting is concerned.

How many stories have you read about people winning "a motza" and losing the lot subsequently? How many big name bookmakers really lasted the distance? How many big time punters went the same way? How long before the mental pressure of big time winning told on the aforementioned "breed"? Perhaps they didn't last the distance because they tried to achieve great things every day. It can't be done.

In the same time frame as all the high flyers we've all read about, how many smaller punters made a smaller profit flying along "under the radar"? Just going about their business in a quiet, calm, unobtrusive and non-headline way? Trying to win "two hundred a day"? Probably more than you would ever believe and you will never hear about them either. They don't need the headline pressure or the dizzy heights of fame. They're probably trying to be like every day business people, just doing the percentages, turning over the dollars, no great shakes or dramas. You'll never hear about them because that's the way they are.

Yes, you could even say they're mediocre.

But is being mediocre for an extended period a better proposition that being flashy and showy like a sky rocket the better way? And we all know what happens to sky rockets! Is consistently getting small returns on your dollar invested with short runs of outs better than the occasional $25 collect with extensive and long runs of outs and all the added pressure and self-doubts that that brings with it?

I have written a few times before of the old equation E=R=L - excitement equals risk equals losing. The antithesis of that may well be M=LR=W or mediocrity equals low risk equals winning. There is certainly no where in either of those two equations a B for boring. Winning small many times a day certainly isn't boring to me!

I rather suspect that the long term players in this game DO aspire to mediocrity. At the end of the day it may well be safe and profitable in the long term if you can suppress the seemingly pre-programmed punter's urge to win "the Commonwealth Bank and then some" in one afternoon. It's also better for your own peace of mind and long term confidence and probably affects the way you interact with others both personally and professionally.

Accumulating money doesn't happen between 10.30am and 6pm on any given Sky Channel broadcast day. It happens slowly, methodically and in a mathematically correct and precise manner. Everything else is, as they say in the classics, just dreamin'.

 

 

 

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