--
A note from the author
I want to take the opportunity this week to talk about the long term.
Since day 1 of starting Punthub way back when I have preached that a long term view is always the view that should be taken. Now I understand everybody has their own limits and when the fun stops you should stop, as the adverts say.
So, about that long term view.
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. Now, I’m not saying that with the right mindset a roulette wheel can be beaten – in fact the roulette wheel is infallible; the odds are always in favour of the casino and so they have an edge over the general public.
However, if we were to switch places and in essence become the casino, now we have the edge over whoever wishes to take our bets (and that includes the bookies!). This is how we are able to manipulate our betting activites – we create an edge over the people who are accepting our bets.
Let’s use the roulette situation as an example where we are the casino and we have the edge. This does not mean we can never lose. Someone may come and take £10,000 off our hands, and this does in fact happen every day in casinos throughout the world. But what does the casino do next. The answer is nothing, it continues to take bets at the same odds as before and sure enough over time that £10,000 will be made back and more to come after it.
This part is important.
Relating this to our own betting activities, there may be days, or weeks, or even months when we do not turn a profit. We may hit a losing streak. This is built into the very nature of betting. It is essential that in this situation we do not allow our emotions to take over our actions.
We at PuntHub can only advertise what has happened. That is the betting / tipping industry as a whole. You join something on the premise that it is in form and doing well, hoping that it will continue to do well. Let's be realistic. It may well drop off slightly but that shouldn't deter you, do your own research as to how the service has performed in the past. This is the best indicator of potential future results.
When you join something and a week later it hasn't done a great deal do you just give up? If the answer is yes, you may as well give up trying now. Keeping our mind focused on the long term, and having emotional detachment from the short term is the key to success.
Time and time again I will preach this.
I just hope someone heeds the advice!
That's all for this week - best of luck with your long term betting.