I’ve been curious about sports betting for years. I’ve got an Uncle that gambles every now and again. The interesting thing is, he wins more than he loses. He just does it for the fun of it here and there, I’ve been hearing the stories for years. I’ve got a cousin who is very good at poker and he also does a lot of sports betting. Enough that he can live off of it. Even though I have these family members that have been successful, I’ve never gotten into the details with them about how they do it. But I’ve always thought to myself, there is some sort of system there. Wether they are aware of it or not they have rules that they abide by and those rules allow them to profit over the long run.
I’ve titled the post sports betting–gambling or investing? because I think people often confuse the two. I see people all the time that invest in their company’s 401k plan. Most of them seem to be losing money. When I asked them how they picked their mutual fund(s) for their 401k, they usually said they just picked whatever looked best to them at the moment. There was no real study and homework and strategy.
I grew up in a conservative home and went to a conservative church. I was always taught that gambling was a sin. Yet I remember more than one sermon on it and found it odd, even as a kid, when the pastor would admit there isn’t a single verse that says “gambling is a sin.” The general explanation was that it was a sin because we were putting our faith in something other than God, in this case luck. Okay, I can see that. But what about all the people that pick one or more mutual funds for their 401k and they really don’t know one from another. Isn’t that gambling? And if my cousin knows that if he bets on certain teams, under certain conditions, that he will win more money than he’ll lose over the long run, isn’t that investing? Hmmm.
Over the last year I’ve subscribed to a couple of different services that claimed they had a system. One didn’t impress me all that much and the other one is absolutely amazing. I look back now and wish I hadn’t just watched, but had followed his advise. I’d be quite a few dollars richer. And just last week I put $100 into an account and started following his suggestions. I bet just $10 on the first bet and $5 on the second bet. Now I have $108.90 in my account. That’s a nice 8.9% return in just a few days. I’ll get more into that system and service another time, but for now I’m going to try looking into a new system.
I’ve been looking for more information because I want to understand the rules. The current services dont’ tell me how they pick their teams, just that they’ll got a detailed set of criteria. I don’t like the mystery. It keeps me more on the gambling end. I’m hoping that they are right and know what they are doing. I’d rather have a system explained to me, so that with or without the guru behind the system I can figure things out for myself. I was to be able to test it, track it, etc.
With that in mind, during my looking for more info and other systems, I found the Smart Money Law. Does it really work? I have no idea…yet. The system is only about $50, with a money back guarantee. So, worst case, I learn a bit more about sports betting, such as terminology, rules, websites, etc. and spend a little bit of time doing it. My plan is to get the course, study it, paper trade for a while to see how it performs, and then either return it or start doing real bets if it proves itself to be for real. I’ll update as I go along and report what kind of results I’m getting as well as tell more about the other system I mentioned earlier that’s made me 8.9% already this week.
I also found another one on horse racing which looks interesting, but I haven’t tried it out yet either Click Here!. I’ll update on it if and when I do get it.
