You’ve probably heard the expression, “Winning is everything,” and you might think that it’s just an aphorism that wealthy people like George Soros and other successful business owners say to encourage their employees. But before you write it off as just another over-optimistic billionaire’s platitude, consider this: studies show that more than 70% of Gen X, the generation that grew up during the Great Recession, see winning as valuable in itself. So do you.
What’s more, in today’s society, competition is more important than ever before, which means that even if you don’t yet see yourself as a winner, you probably know someone who does. So when you do win, you’ll feel that much more keenly because you had to fight for it.
Now that you’re armed with some extra knowledge about the mindset of today’s successful individuals, let’s dig into how you can succeed in the betting world like them.
Create A Winning Mindset
Even if you don’t yet believe in karma, you probably know what it means. If you’re consistently good but don’t seem to be able to keep winning, eventually people will begin to notice and ask you questions about it. And when that happens, you’ll have to either change your ways or explain why you keep losing. To avoid this, it’s crucial that you develop a winning mindset and refuse to let your losses get the best of you.
Since you’re planning to venture into the world of betting, you might assume that having a winning mindset means you need to focus on winning more often than you lose. But this couldn’t be further from the truth. In most cases, you’ll find that the ones who win most are the ones who concentrate more on avoiding losses than pursuing them. Why? In sports betting, it’s essential to realize that this is a zero-sum game. This means that for every dollar you lose, another person wins. So if you keep losing, eventually someone will beat you at something, and when they do, you’ll lose money. So while it’s crucial that you avoid losses, it’s just as important that you seek out opportunities to win. And to do this you need to develop a keen eye for spotting profitable bets.
For example, if you’ve ever played the lottery, you might have noticed that the odds of winning are often more than favorable. This is because a great majority of people who play the lottery end up losing money. However, if you’re the type of person who searches for the best odds when you play the stock market, you might find that some investments offer incredible opportunities for profitable gains. In fact, if you look at the history books, you’ll see that some very specific stocks have been responsible for much of the financial growth in the United States throughout the 20th century. If you look for these types of investments, you’re sure to be able to find some that fit perfectly into your investment portfolio. For example, if you’re looking for a Dividend Stocks Investment that pays occasional dividends in the form of cash, then you might want to consider American Express Company () or J.P. Morgan Chase & Co. ()
Prepare For The Variable Risks Of Daily Fantasy Sports
To give you an idea of how important it is to develop a winning attitude, let’s look at how the odds of winning actually change for every football season. As you’ll see, although the chances of you winning may seem fairly high at first, over the course of the year they begin to drop thanks to a combination of bad luck, injuries, and some truly outstanding performances by teams and individuals. If you’re not prepared for the variable risks of daily fantasy sports, then it’s a good idea to stay away from them.
Consider the 2010 football season. At first, the odds of you winning a lot of money seemed very high thanks in part to the very strong performance of the Denver Broncos and the Pittsburgh Steelers. In fact, both of those teams went undefeated for the first six weeks of the season, which made the math seem easy. If you’d have kicked off your fantasy football roster at that point, you’d have won an inordinately large sum of money. But as luck would have it, both those teams suffered some very tough losses over the course of the season, which brought their combined odds of winning down a bit. In other words, even though you had two very good chances to win the game, you couldn’t help but lose because you had two bad breaks at the same time. This is an important point to make, as it shows that even the best-laid plans can go terribly wrong if you’re not careful enough. It also means that if you want to win in fantasy football, it’s essential to be aware of the risks involved and understand how and when they might turn against you.
To give you a better understanding of the risks involved, let’s examine some of the key differences between traditional sports betting and daily fantasy sports. First, the action is quicker in traditional betting. This means that there’s more opportunity for you to place a wager and get your money back if you happen to win. But because the action is quicker, the house edge is much larger in traditional betting. In other words, the odds of you winning are more heavily stacked against you than they are in daily fantasy sports.
In addition, the volatility of daily fantasy sports is much greater than that of traditional sports betting. Not only are the odds constantly changing, but so is the point spread. In other words, you’ll never know quite what kind of return you might get on a wager. This is in part because there are thousands of different games and forms of sports betting every week, which means that there’s always the chance that the games, weather conditions, or time of day might ruin your perfect plan. If you want to place a wager on an NFL game and the spread is at the half, you might find it very hard to get your money back if the game ends up being delayed or if the match is actually suspended.
Finally, the size of the wagers in traditional sports betting are much larger than those in daily fantasy sports. In most cases, you’ll find that the money you’re wagering is determined by how much confidence you have in your teams’ abilities. So if you think that the Chicago Bears are going to beat the Green Bay Packers this coming Sunday, then you’re going to wager a large sum of money on them. The more confident you are in your choice, the more you’ll wager. This is a key difference between the two and something you should be aware of.
In conclusion, although it’s important to keep a positive outlook and develop a winning attitude, it’s also important not to get too attached to winning. Just like any other game, winning and losing in sports have their pluses and minuses. As long as you understand this, you’ll be able to avoid falling into the same trap as the millions of people who play fantasy football every week. By staying true to your objectives and avoiding the extremes, you’re sure to find that much of the success you seek lies within your reach.