Greed
And Gambling
Here's a few
thoughts you may like to consider as you continue your
pursuit of dollars from gambling on horse racing. You
are free to agree, disagree or think more about and reflect
on how the points raised may relate to your own gambling
patterns and is there any point in trying to change. Or
are you happy losing week after week?
1.
Success in gambling absolutely requires that
a punter loses from time to time.
It is a necessity. The trick is in losing less times than
you win. Greedy people and gambling have a rocky relationship
right from the word go. If you can spend 6 hours on a
Saturday, using a consistent methodology, winning $120
(or $20 an hour) what should your next goal be? I'd suggest
to be moving ahead you should be concentrating on trying
to win $150 (or $25 an hour) using the SAME methodology.
Greedy people, who have little self control, will immediately
be trying to ramp up that winning amount to $500 with
little consideration for the risk involved.
Some people walk in to a
TAB and try to win even the carpet off the floor or the
entire contents of the cash draws. Here's a clue. The
TAB will NEVER run out of cash, no matter how hard you
try and, even if the franchisee was allowed to gamble
the carpet, they'd have new stuff laid first thing tomorrow
before they opened the doors to welcome you back. And
here's the rub - they would GENUINELY welcome you back.
Greedy people want every dollar that's in the game. They
are not prepared to share and they'll chase every dollar
down every street until they find it - even though, of
course, it is all illusory. If you want every dollar it
means you are inviting competition from everyone else
and if the battle ground is you against the world, I'll
back the world every day - without fear.
If you bet with bookmakers,
again, they will NEVER run out of money unless they too
are greedy.
2. Greedy
punters have no idea how to lose, and remember,
you MUST lose some of the time or the game is finished.
Greedy punters always lose in a sea of calamity. Read
that again because it is an important point to ponder.
Greedy punters always lose in a sea of calamity. When
you lose, you have to lose in such a way that the loss
position is not irrecoverable using the same controlled
staking plan you have embraced and not plunging in to
a long trail of disastrous "catch up" bets that
quickly spiral out of control. Now think about it. Do
YOU always lose in a calamity? Are there always irrational
reasons and circumstances that are to "blame"for
your losing? Is it always someone else's fault?
Losing sensibly when you
must lose is the key to winning. You can't win big if
you are also losing big. Think about it. The maths are
all wrong if you are starting with negative percentages
and you must be - even if it is only the TAB's takeout
percentage.
If you enjoy the punt BUT
find it impossible to just lose 20% of your bank and feel
that if you are going to go down you'll go down with all
guns blazing and lose every cent you have or can borrow
from others or get out of your Visa Card, please send
me that bank now before you start because you are going
to lose it all anyway and I would put it to far better
use than you. If you want to throw it way give it to me.
3.
Greed and ego go hand in hand. Now there's nothing
wrong with having a healthy ego. In fact if you don't
have an ego, you probably have way more problems than
we are alluding to here. But when greed overcomes a sensible
ego there is no way of satisfying it. You will always
be increasing your staking level way past the comfort
zone that we have written about in other parts of this
site. You will never win because the game never finishes.
There is no last race. Greedy people will be starting
their day betting on the 3rd from Auckland and still be
there at midnight punting on the Pinjarra dogs in WA and
then having a snooze for twenty minutes till the first
from South Africa opens. Having the goal to being one
of the world's big
winners is fine - trying to be the world's only winner
is an unmitigated disaster.
4. Yes,
fortune does favour the bold BUT the saying has
never been fortune favours the greedy. Just divorce yourself
from the gambling world for a moment and think about all
the figures in world history that wanted the lot. They
all ended up with nothing because they never learned the
art of sharing. Wanting everything is without doubt the
quickest way of ending up with two fifths of three quarters
of sweet fanny adams. So go for it and get your share.
Knock yourself out trying to make it a bigger share. But
make sure you also know how to share.
Greed is variously described
as
a.
Excessively desirous of acquiring or possessing, especially
wishing to possess more than what one needs or deserves.
b . Wanting to eat or drink more than one can reasonably
consume; gluttonous.
c . Extremely eager or desirous
5.
Be content with winning small on
your way to larger gains. It is handy to realise
that a small win has possibly negated a large loss and
you are way in front. The percentages will always be against
you in gambling which is why it is called gambling. Winning
small on a regular basis, using a methodology that slightly
turns the odds in your favour, is the only approach you
should be concentrating on. Forget the stories about people
scoring a million plus with a keno system 15 ticket. That
stuff always happens to other people and will likely to
continue to do so.
6.
Control your greed. Learn to share.
Help others. Those are the three
best "tips" you'll get today. What you do with
them is entirely up to you.
© RaceRate.com 2011
