Submitted by rsteel on
Any doorknob can go on a hot streak especially when you mix some luck involved with it. You flip a coin 1000x sometime through that flipping you will get an extended run of all heads and all tails. What separates the “lifers” the career sports bettors is long term consistency. To state the obvious this is not a get rich quick scheme. With proper money management, discipline and the ability to handicap to a 53% win rate long term profits season after season year after year will be grinded out. How much profits in absolute dollars will depend on your unit. A unit is NEVER greater than 2% of your betting bankroll. You should never increase your unit until you have at least increased your bankroll by 50%.
Understand just because you are winning does not mean you are “hot”. That is why it is so important to review your results carefully. It is very common when you win a game to just accept the result. However did you win because you handicapped the game correctly or a lucky bounce. Conversely when we lose we usually attribute that to bad luck. What needs to be determined was there a misread in your handicapping of that game. A serious handicapper needs to break down ALL games you bet. What will determine if you are successful or not long term is whether your ideas behind the play were correct not so much the final score.
Like in poker when someone is on a rush winning a few pots in a row that player has a tendency to play too many hands they normally would not be involved in. The same applies to a sports bettor. If you are making plays just because you “think” you are in a hot streak and not because of value you will quickly find yourself giving away your profits.
Always try and keep an even keen as much as humanly possible and try not to let your emotions get the best of you. Confidence is important but do not ever under estimate the skill of the bookmaker or think that you are invincible.
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