The One Thing We Can All Do To Improve Our Betting

| June 28, 2012 | 3 Replies

It’s struck me recently just how self-destructive the human race is…

A perfect example (in a literal sense!) is the film Four Lions, a black comedy about a group of wannabe suicide bombers.

Seems like a difficult subject to laugh at doesn’t it but that’s why the film is so good – it’s clever enough to show the absurdity of what it is that they’re trying to achieve, without merely pointing at them and saying “you’re wrong”.

Now before I mortally offend some very scary people, this issue isn’t about having a go at anyone’s beliefs, it’s about highlighting the pointlessness of shooting oneself in the foot, either literally or metaphorically.

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In a sporting sense

For a sporting example you need look no further than the England national team…

First, there’s the press who, unless they genuinely want England to fail, are incredibly good at undermining our chances.

Then of course there are the players themselves, who have a serious aversion to penalties that can only be self-inflicted and psychological…

After all, you can’t tell me that English players aren’t technically good enough to win penalty shootouts…

Well, you could, but you’d be talking b*******.

So, why is it then that they’ve lost five out of six (or is it six of seven?) shoot-outs in major tournaments?

It’s because they let self-doubt creep in and allow it to destroy them.

Yeah, yeah, what’s this got to do with betting?

I’ll tell you what it’s got to do with betting…

Everything.

I would wager that the vast majority of people that lose money betting don’t lose because of a lack of skill but rather through a lack of self-control…

They chase their losses or try to double up a win rather than take some time out, they fail to stake effectively or they bet on impulse rather than putting any work in.

And the thing is, I’m not just talking about problem bettors here – those that have an addiction and sell the dog to feed the cat – I’m talking about the majority of bettors.

In fact, scrap that, ALL bettors can improve in this area no matter how successful they are because ALL of us metaphorically self-harm now and again…

My weakness?

Throwing away loose ‘change’ (I like round numbers, bit weird I know) on online Deal Or No Deal even though I know for a fact that it costs me money long-term.

Damn you Noel Edmonds.

So, with another England penalty defeat out of the way, let’s all make a pact to improve ourselves just a little bit and stop doing those stupid things that we know harm our betting profits.

And you know what, I don’t want to sound like one of those self-improvement ‘gurus’ who Richard and Judy ‘swear by’, but why not write a list of the destructive things you do (in a betting sense) so that it’s easier to highlight them and stop doing them.

You can even send them to me if you like and we’ll have a Loose Women themed edition where we talk about our feelings and slag off men.

Just no one invite Katona yeah.

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Comments (3)

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  1. craig says:

    This is a good subject matt, i’m constantly getting better psychologically with betting and iv’e learnt the usual hard way by losing a lot of money by doing some of those things you’ve pointed out but mainly iv’e managed to sort my head out with betting through losses in forex trading as its a tough game on you mentally? therefore i would like to suggest to the fellow bettors that by reading a book called trading in the zone by mark douglas is a worthwhile read for trading but could even help with people that are betting as it is definitely
    about sorting your head out with winning and LOSING just being part of the long term profits process. Hope this makes sense a bit and happy battering the bookies!

  2. Matt Houghton Matt Houghton says:

    Cheers Craig, I’d not heard of it but I’ll definitely look it up. I bet there’s a fair few good books on the subject out there and they can be so useful.

    From a sporting point of view just look at the effect that sports psychologist Dr Steve Peters has had on all manner of sportspeople, even Ronnie O’Sullivan, much to my annoyance!!

  3. Bob Grimes says:

    Hi Matt,
    will you please stop waking me up, you do it every time that I doze off, frequently, good article, keep them coming, I`ll try to stay awake, it is caused by the newness wearing off.(old age).

    Best Regards

    Bob Grimes

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