Myth #2: The “All or Absolutely nothing” Method
Sports investors new to prediction services all make a common mistake of expecting immediate gains. Sports investing must be looked at as a business with long standing goals. Short-range “all or nothing” methods lead to lost earnings and aggressive errors. Pursuing losses with poor money management is no way to approach sports wagering. Unprofessional bettors are destined to fail in any business with an all or nothing approach.
If opening a car-wash, would you shut down if the first few days didn’t bring profits? Sports investing needs to be look at with the same mindset as operating a business. Those that completely revamp their approach to chase short-range losses are the car-wash owners that shut down after only a few days. Sports investing is a progression that requires continuing commitment. Expecting considerable gains without a long-standing attitude will only result in failure. Irregularity is the equal to getting hired for a project and asking to be paid a couple hours into the job.
The only way to be lucrative in sports investing is to implement a long-standing mentality and remain steady. Individuals that fail to identify this theory are doomed to fail. Sports investors with short-term goals will jump from one handicapper to the next expecting wins every day. When they fail to get daily winners, they will certainly give up with a net loss. This is a certain road to failure!
Think of sports investing as a procedure and think through your results on a monthly or season-to-season scale. By doing so, you will not pursuit short-term losses and can shelter the profits that come from following established sports handicappers. Those that adopt a lasting strategy will be able to manage their way through losses to enjoy the last laugh when they cash in each season.