Saturday 1 December 2018

How Much Do You Bet?

I guess if you like sports betting you bet? 

Football. Horse racing. Greyhounds. Roulette. 

The choice is yours.

The question which I'm interested: how much do you bet? It's your prerogative. Have you ever considered how much you bet on a daily, weekly, monthly or annual basis? 

For some it might be a few pounds. Easy come easy go. The strange thing is that you don't need to be a big earner to bet a lot of money. And visa-versa a high roller may have a pay packet of a few grand a week may bet once a year on the Grand National. 

But how much do you bet a week? £10. £50. £100. £1000? 

I have had weeks where I bet £10,000. It seems an astonishing sum of money and to be fair it was betting to lay horses - winning perhaps a few hundred pound a week. I worked out how much money I bet in one year and it was almost £400,000. It seems a crazy sum of money. But enough about that. 

Betting is all about confidence. That confidence is hard to find. It may take years to find that drop in the ocean. You may never beat your fears and bet with that understanding which sets you apart from the crowd. 

The old maxim: Bet what you can afford to lose is probably a fair measure of where most people should be. However, professional gambler Dave Nevison always lived by the rule of 'bet like a man'. 

I think people find their comfort zone. 

Betting isn't for the naive. But that is a starting point that we all begin. Perhaps that is why some people win, lose or draw. Those hurdles we meet along the journey may give us wisdom, frustration or prove to be an addiction which plagues the mind.

However you bet, do it with discipline. 

That is the strength of any gambler in learning when to bet what they can afford to lose.