Feb-19: Risk: Why winners twist. And losers stick.: To act is to achieve when it comes to betting, as well as life...

28 February 2019 - 9:44, by , in Betting Blog, News, Comments off

Risk: Why winners twist. And losers stick.

To act is to achieve when it comes to betting, as well as life…

Mark Twain, he of Huckleberry Finn fame, once wrote…

Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did” 

The point being, life, and achieving things during your lifetime, whether it’s in business or our personal life, matters like love, career and finance… they all hinge upon the things that you actually do yourself.

And how, when, and to what degree, you choose to do them.

By being active, not passive.

Are risks a “necessary evil” in order to win?

Inherent in what Twain says is anything we choose to do comes with a risk. An element of uncertainty about the outcome.

Question is… when we do something, is the implied risk associated with it worth taking?

Because it’s in our DNA to take risks. And as everyday people, knowingly or unconsciously, we take risks every minute of every day. Think about crossing the road, driving the car, or playing sport… and as the doctors would have us believe, even having a well-earned drink at the end of the working day!

And if you look to the area that concerns us here, making money from horseracing bets or following the country’s No.1 football tipster, there’s ample evidence from some of the world’s leading players that to join in and participate is a good thing.

In other words, he who dares… wins.

And so say (in the following order) three familiar names. All of them winners.

Bill Gates. Richard Branson. Mark Zuckerberg.

To win big you sometimes have to take [big] risks” 

You can’t run a business without taking risks. The brave may not live forever, but the cautious do not live at all” 

The biggest risk is not taking any risks” 

Now, I don’t know about you, but I wouldn’t mind being a pound or two behind any one of these risk-takers!!

Because these multi-millionaires, billionaires in fact, have only been able to win big because they understand that some degree of risk taking is necessary in order to reach their target. And that applies to making a killing on the stock market, launching a new business, or when it comes to simply getting across to the other side of the street.

So if you want make money betting on football, back winners at Newmarket, or get the best US Masters golf picks, then you won’t hit that target by doing nothing.

After all, how can you type in “Yes, I want to join your football betting service” if you’re sat on your hands?

But one thing you need to understand, and something which under-achievers (or worse still, non-achievers) fail to overcome, is the word “risk”. A word which comes with it an immediate bout of anxiety. Anxiety which is unnecessary when you think about it.

As we know, consciously or not, you put yourself at risk every single day. And if you don’t do it yourself, then you benefit from the risks others have taken on your behalf… developing the medicine that you’re given by your doctor, making the maiden test-flight in the plane you use to fly away on your holidays, trawling the High Seas to catch the fish that ends up on your plate for supper.

But we’re not talking here about you becoming a guinea pig for GlaxoSmithKline, or putting in a job application for Boeing… this is about you investing a few pounds, dollars of euros in a betting service that’s going to provide you with winning soccer tips or tax-free horseracing profits.

So what dangers are you realistically exposing yourself to?

Well, if you refer to one of the more respected financial commentators, like global accountancy firm Deloitte, this is how they would categorise financial risk – if applying the concept to membership of a betting advisory service.

They would focus on three key areas…

1. Your attitude to risk:
What understanding you have of the impact a membership will have on your own personal finances.

2. Your tolerance for risk:
How much volatility you’re prepared to take in order to reach the profit targets stated/promised.

3. Capacity for risk:
Where on the scale is your ability to deal with fluctuations in your bank size, either up or down.

Now each of these assessments will vary from member to member. After all, some of us are more risk averse (or risk friendly!) than others. And even if you agree with the comments of Messrs Gates, Branson and Zuckerberg, that’s not to say everything should be staked, every single time.

Because one thing’s for sure…

If you go all-in with each hand you’re dealt in Vegas, one of those times, eventually, the dealer’s going to draw an Ace on the river and leave you holding a dead man’s hand.

No. Thinking logically, and practically, and applying what we know about betting services to your own situation, risk can be, and should be, accepted. More than that, it should be positively embraced when you consider the potential cash gains which will come as your reward.

And so to answer Deloitte’s 3 points above…

1. Your attitude to risk should be that, yes, it’s a part of anything you do – betting or otherwise. And that to win a large sum of money you’ve obviously got to invest a little first. It’s the basic philosophy of “give and take”, and we’re all well-used to this concept.

2. You understand that any service will have losing bets, as well as winners. But, more importantly, you realise that over the long-term a profitable horseracing service, or winning golf syndicate, will have enough winners to more than offset any losers and so generate a profit.

3. That fluctuations in performance are to be expected. And if you encounter a few losers you’ll stick with the service, continue to stake sensibly, and realise that sure as night-follows-day, then a winning run with come after a losing period. So your capacity for risk, as Deloittes would put it, is perfectly manageable.

And that’s why you do join, or will join a service.

Because your attitude to risk (if you want to win money) is one of acceptance, your tolerance of risk is a given, and your capacity for risk is based on the assumption that any profitable investment, whether that’s in stocks, unit trusts, bank accounts… they will all see an ebb-and-flow of returns from time to time.

So risk is good. Right?

The key to all of this, as you’ve probably figured out for yourself by now, is that to manage risk (or what you might initially think is a “risky situation”) you need to be aware of what you’re entering into, and what potentially lies ahead of you… which in this case, we presume, is a highly profitable membership, generated by winning horseracing tips or profitable football betting advice.

And just to spell-out the point in simple terms with a word from arguably the greatest investor (and so risk taker) of them all, Warren Buffett…

Risk comes from knowing what you’re doing” 

And if you know what you’re doing, then the risk is controllable. And in many cases removed all together.

Joining any service, the Golf Insider, Top Dogs or The Winning Machine… you know what the bets are, what your exposure is, what your potential gains are… and therefore you know what the risk is.

[And if you don’t know any of the above, just get in contact and I’ll happily tell you]

Because risk is something which we assign to the unknown in the things we do. The doubt, or fear even, that holds us back… because we’re unsure as to what lies ahead.

As the great American thinker and philosopher Ralph Waldo Emerson put it.

Knowledge is the antidote to fear” 

And this concept is something which I’m totally familiar with, working as I do, on a daily basis, with both expert content providers on the one hand, and semi-professional backers, or part-time punters (just like you) on the other.

In order to deal with both parties I need knowledge. And the more, the better.

This knowledge, or data, I require to better understand what potential source of betting profits I have in front of me… and how it can be used to best effect to serve the demand of my members for sustainable, long-term profits.

Of course there’s a risk in this. As we’ve seen there’s a risk in anything. But with the due diligence I put in on behalf of my members… the checks I perform, the enquiries I make… this risk element, for me, is reduced to a bare minimum.

And then backed up with 30-day risk-free trials, and Money Back Guarantees, it’s similarly managed in terms of those members, like you, who see the sense in investing, and sign-up.

In other words, in terms of life in general, and betting in particular, you need to speculate to accumulate.

 

OPINION: To sum up, it’s clear the risk element in all of us is pitched at different levels. But what remains constant, as seen by the examples used, and the quotes from various respected commentators, is that some degree of risk is required to achieve anything in life. And that by doing nothing, the only thing that’s guaranteed is that you’ll achieve nothing… as the greatest ice hockey player of all time, Wayne Gretsky, aptly put it…

One thing’s for sure, you miss 100% of the shots you never take.” 

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