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Awsi Dooger » Tue Sep 23, 2014 12:31 am
I'm a sports bettor. That's where all my money came from. You're not betting nearly enough. That's the only aspect that jumped out at me from your summary. I wouldn't worry about other investments at all until you have your gambling act together. If those percentages are correct you should be betting many times your current weekly amount. Study the Kelly Criterion.
Of course, I moved to Las Vegas at age 24 and didn't have much trouble getting down as much as I wanted. Well, in most cases. Harrah's banned me from betting golf and enforced it for more than a decade. Many spots limited my action on basketball totals so I had to send in runners to bet for me. Relying on websites and offshore outfits I could see how it would be more problematic than I faced, although since you are not a United States citizen and subject to the nonsense inspired by Bill Frist in the lame duck senate of 2006, it shouldn't be much of an obstacle.
I want to commend you on betting hundreds of events per week. That is absolutely the correct approach. Volume and an edge. Neither one is any good without the other. And it's the mistake novice and cynics and no-chance bettors invariably make, by cherry picking a game here and there while otherwise defaulting to fear. It's much easier to go 120-90 than 25-4 but the net units are virtually identical. If you ask, "What if I lose every one?" then you shouldn't be doing this. I'm sure you don't ask that question. Sewing club types ask that question.
Also, make sure it is not a full time profession. I can't emphasize that enough. I studied my butt off in the early years to develop mechanical systems based on stats along with situational trends. I stayed up until 4 or 5 AM nightly to develop those angles so that I wouldn't have to rely on subjectivity. Nothing is more destructive to a gambler than subjectivity. When I worked behind the counter as sportsbook supervisor briefly I was stunned at how few decisions are made. Hang a number and absorb. I realized I had to replicate it as close as possible as a bettor. No second guessing that way. Virtually everything I do is plug and plug and it's been that way for two decades. My time expenditure is very low. See what fits, grab the best number and go. Off to the golf course. I also don't sweat games in progress, at least not nearly as much as I used to, or compared to the typical gambler.
From an early age I loved sports, math and puzzles. This was a perfect combination. I have no idea what somebody means by stigma. When I'm among my college buddies everybody wants to hear my gambling stories and laments what a comparatively boring life they've led. As I've emphasized here, Las Vegas sportsbooks make a ton of unbelievable errors. Those tales are inevitably the highlight of the story telling, and the mistakes have accounted for a chunk of the profit. As an early friend in Las Vegas told me, the only thing better than a great system is a dumb bookmaker
