If you gamble on sports betting systems or are looking to start, do you know all the facts? Do you know exactly what you are getting yourself into? These are stark questions because for some people their heads are swayed by the “unbelievable” amounts of money they think that they are going to win. They become blind to what they could actually lose!
There are two kinds of people who gamble. Pure and simple. Those that gamble responsibly. And those that don’t. And the distinction between them is very clear. People who gamble responsibly always make sure that they know all the facts.
It doesn’t matter whether they are placing a bet on a roulette wheel, or a greyhound race, or the result of a baseball match. These people know exactly what the odds of success are beforehand. They know what the likelihood of failure is. And are prepared to live by the consequences.
In short, they decide in advance how often they will play, how much to stake, how much time they will spend on the activity, and crucially, know when to stop. They also know, and this is important, when not to gamble at all.
It is all too easy to read the glossy, hyped-up, sales pages of the multitude of sports betting products that are out there and believe that there are millions and millions of easy dollars to be made.
Oh, if only that were the case! But the fact is that the vast majority of these so-called sports betting products are nothing more than complete rubbish. They don’t work, they fall woefully short of their outrageous promises, and will leave the person who was trying to follow the system considerably worse off than when they started.
However, this can be averted in two stages.
The first is that no-one should “buy” into a sports betting system unless they have done some research beforehand. There is a whole host of anecdotal evidence that you can find on sports betting systems as to whether the one that you are considering is worthy of your hard-earned money or not.
The second is about your own gambling discipline. Responsible gambling can be hugely enjoyable. It lowers the risk to you, your family and friends.
It should always be remembered that gambling is for fun. It is not a short cut to making vast amounts of money or be used as escapism for some personal problems.
A responsible gambler who is in control of their gambling discipline recognises that sooner or later they will lose, no matter how long a winning streak they are on. They also know that the very worse thing they could possible do is to try and chase and win back what they have lost. The moment they forget that, then they have lost control.
Another important element to responsible gambling is that you only gamble with stake money that has been set aside especially for that purpose. In other words, you are playing with money that “you can afford to lose”. And not money that was earmarked for rent, utility bills and food!
The moment that you realise that you are falling to any of the above traps then you must stop. Immediately. Those that don’t stop end up borrowing money to cover their gambling. The momentum builds up and the downward spiral becomes like a runaway train. The train will eventually will run out of track!
There is a straightforward mechanism that all gamblers should put into place. Whether you are doing sports betting systems or online poker, the principle is the same yet after all my years of experience I am staggered by the number of people who just do not do this.
Record every single bet, stake or wager either in a spreadsheet or on a piece of paper. Then record what you won or lost beside it! Then keep a running win/loss total beside that. Now somewhere on the sheet should be a number, the Stop Number! That is the number that when the loss total matches or is greater then its time to stop.
This is such a simple system to run because it just doesn’t need anything more complicated. If you want to create something more complex then by all means do so, however the more complex the less likely you are to keep it religiously updated. And that is the key to the whole thing. Every bet, stake or wager must be easily recorded so that you always have an accurate picture of your gambling history, be it successful or not!