Mindset
I'm a creature of habit, I let a few unread cancellations pile up or sit for a week before I look at them, so this week it was time to get through those 6 or 7 from the last couple of weeks. Seeing two in particular made me think about mindset and expectations. You see a promotional email for a service doing well, do you then go and do the homework as to what the service is? You know, the standard things, check the results, see how many bets roughly, what kind of
strike rate, average profit to expect.. Those kind of (what I would call) basics.
So we'll talk about the first guy.
I think it was 10 days he's given a particular service. Now it may transpire that the service just isn't what he was looking for (must not of done his homework?). My next suggestion was going to be 'maybe it's the losing run' - I can't remember which it was he joined but regardless, 10 days is nowhere near enough time to say something is in a downswing or bad patch. It's nowhere near enough time for anything really, it's just a pointless waste of your money.
The next guy was even worse, just 3 days.
And I guarantee you they'll see someone on twitter boom and they'll be all over joining it, with no historic results to view and probably leave that in a week anyway.
I call them surfers. The surf from tipster to tipster looking for a winner or two and when they get it they're buzzing, when they don't get it after a day or two they're out and gone. Do they ever look back I wonder? I don't think I care really, they have the wrong mindset.
So speaking of mindset..
When it comes to addictive activities, Gambling is up there with the best of them.
This immediately means the majority of the general public will find it difficult to profit from their betting in the long term. That is, not without a major change to their mindset.
When it comes to betting, whether it be football or horse racing or roulette, the outcome is always going to be the same in the long term if the person involved has the wrong mindset.
Keeping our mind focused on the long term, and having emotional detachment from the short term is the key to success.
It is a very simple concept, yet few people utilise this mindset and it is because of this so few ever make any significant money in the field of betting.
Many punters have a winning strategy in their back pocket and still will fail to turn a profit. The usual causes for this include:
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Using a betting bank for casual gambling.
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Chasing short term losses.
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Straying from a proven staking plan.
It is essential that we refrain from doing the above things if we wish to be successful. At PuntHub we provide betting services with a winning edge and a blueprint on how to use them. That said we cannot manage peoples money for them.
It is those that focus on the long term, show discipline and are patient who inevitably reap the rewards.