Lets say someone was able to show you a systamatic way that would generate around 10,000 plays a year but you had to work at it 7 nites a week and with it you found around 30 plays a day on average. Winning at this rate (which some people here dont think is great but it is) and betting 1% of a 50k bank and not adjusting, would make you close to 120k a year in profits, so it would be worth your time and effort.
Now the question is what pct of people who knew the above results would be there would still not be able to do it? The reason I ask this is I just got done reading a couple of good stock trading books about the so called "Turtle Traders" of the mid 80's and how a billionaire stock trader taught them a proven simple system and then worked on the mental part of this expierment, as he felt that was more important for the traders to understand the ups and downs of trading the market daily.
This got me to thinking. I had my best month ever betting in January and now in Febuary I am down the most I have ever been down in 1 month. My profit in January is 3x more than my loss has been in Febuary but I am having a harder time than I thought I would with the mental aspect of this. Not that I am thinking of quitting, chasing, not being disciplined or anything like that but the losses are weighing on me a little and I have been 2nd guessing alot of the proven methods that carried me to a spectacular January. The one thing big thing that is different this time of the year and what is causing higher flucuations in my daily play is the higher volume of plays I am expierincing this time of the year.
I have been also doing alot of scoreboard watching (which I never do) and basically sweating out some of the games the last few nites even though both months combined I am up a good amount and pretty much right on course ROI wise with my previous records. My point is no matter how hard we try and fool ourselves the mental part of betting is (IMO) the biggest downfall for most.
After finishing the 2 books I went to Amazon and looked up trading psychology type books and to my amazement there everywhere. I am not sure if they work but alot of the successfull gambler type stories I have read (be it betting sports or stocks) talk alot about how important this mental part of the game is.
So hypothetically speaking. If you were to perform a similair type expierment as the Turtles traders did and you were to take a proven full time gambler who has made millions and has won for years doing whatever he did and have him teach the others his way of playing I think the majority of people would still fail and the main reason would be the mental part is way more difficult than people realize. It shouldnt be but it is. Now I do believe the most important thing is finding winners and winning over the breakeven point of 52.7% (or whatever you need to win at with the juice you are facing), without that than eventually you are finished as a bettor but if you were able to conquer that part (which is easier said than done) the next big hurlde (the mental hurdle) is bigger than I think most give credit too.
Would like to hear others thoughts on this.
Now the question is what pct of people who knew the above results would be there would still not be able to do it? The reason I ask this is I just got done reading a couple of good stock trading books about the so called "Turtle Traders" of the mid 80's and how a billionaire stock trader taught them a proven simple system and then worked on the mental part of this expierment, as he felt that was more important for the traders to understand the ups and downs of trading the market daily.
This got me to thinking. I had my best month ever betting in January and now in Febuary I am down the most I have ever been down in 1 month. My profit in January is 3x more than my loss has been in Febuary but I am having a harder time than I thought I would with the mental aspect of this. Not that I am thinking of quitting, chasing, not being disciplined or anything like that but the losses are weighing on me a little and I have been 2nd guessing alot of the proven methods that carried me to a spectacular January. The one thing big thing that is different this time of the year and what is causing higher flucuations in my daily play is the higher volume of plays I am expierincing this time of the year.
I have been also doing alot of scoreboard watching (which I never do) and basically sweating out some of the games the last few nites even though both months combined I am up a good amount and pretty much right on course ROI wise with my previous records. My point is no matter how hard we try and fool ourselves the mental part of betting is (IMO) the biggest downfall for most.
After finishing the 2 books I went to Amazon and looked up trading psychology type books and to my amazement there everywhere. I am not sure if they work but alot of the successfull gambler type stories I have read (be it betting sports or stocks) talk alot about how important this mental part of the game is.
So hypothetically speaking. If you were to perform a similair type expierment as the Turtles traders did and you were to take a proven full time gambler who has made millions and has won for years doing whatever he did and have him teach the others his way of playing I think the majority of people would still fail and the main reason would be the mental part is way more difficult than people realize. It shouldnt be but it is. Now I do believe the most important thing is finding winners and winning over the breakeven point of 52.7% (or whatever you need to win at with the juice you are facing), without that than eventually you are finished as a bettor but if you were able to conquer that part (which is easier said than done) the next big hurlde (the mental hurdle) is bigger than I think most give credit too.
Would like to hear others thoughts on this.
