One of the absolute biggest problems with recreational players, or guys who want to act like a pro but who are really just weekend warriors is the OVER analysis of short term results, and the UNDER analysis of long term results. Just like the financial markets, anything can and will happen in the term. By short time I mean on any given day, week, or even month.
The mindset should rather be on the long term, and by that I mean quarterly and yearly results. Just like any publically traded company, it is all about the quarterly and yearly numbers. You should consider your sports betting results in the exact same way.
Now, just like in business, if you are seeing trends that are affecting your results, you will want to review these on a weekly and daily basis to be sure that you can find ways to correct these negative results. In sports betting it could be things like: over betting, having a poor model, utilizing sources that are not winning, betting bad numbers,..etc.
If you start to spot these trends happening, be sure to recognize them, and figure out ways to not let them happen going forward.
And lastly, dont be under capitalized. Look, you are aiming for gains of 20% percent from your betting portfolio. Trying to turn 1k into 10k is gambling and has nothing to do with anything here at Fazzer Sports.
Treat it like a business and get business type results. Treat it like a hobby and get hobby "losing" type results.
Lets get em!
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