The Importance of Mastering Self-Discipline – By Tipster and Betting Expert BV
In a series of weekly articles I am going to be covering a whole range of horse racing and sports betting related topics that I’m hoping you will find informative and useful.
I will be sharing with you my own personal experiences, betting tools and resources I have found useful, and horse racing selection strategies that will give you a winning ‘edge’ in the long-term.
In this article I will be covering several topics.
Firstly I want to touch on personal qualities; the things you need to focus on within yourself if you are to succeed at the game of making money from betting on horses or sports betting in general.
And it is a game – so if you are going to play, then you want to be doing it for the right reasons and be aiming to win.
Secondly I want to touch on the subject of stake planning and the importance of having a fixed betting bank.
I will be really building on this in the next article, but want to introduce it here to give you something to think about and to plan for moving forward.
And we will finish the article off with an example of successful horse betting in action, reinforcing the points I make.
Want to know the difference between a punter who wins in the long-term, and the punter that doesn’t?
Self-Discipline! That’s the difference.
If you don’t have self-discipline then don’t think for one minute you can win in this game, because you can’t. Bold statement to make first off, I know, but read on to discover my reasoning…
Every successful punter I know has self-discipline.
It’s the key ingredient to making money long-term from horse racing or sports betting, and without it the odds are stacked against you from the off.
Why, because self-discipline means you control when you bet and what you bet on, instead of having the ‘need’ to bet control you.
It’s self-discipline that allows you to sit back and wait for the right betting opportunities. And it’s self-discipline that ensures you are ready and able to strike on your terms when they appear.
It’s self-discipline that helps you find the right selections, at the right odds, and it’s self-discipline that stops you from betting on that selection if the odds fall below what you consider to be the right price. You simply sit it out, you look for the next opportunity to strike and you be patient until such time as it appears.
Emotion’s are powerful forces, especially when it comes to betting and even gambling general.
Emotion clouds judgement, takes no responsibility for action, and it’s the reason why so many people struggle and constantly lose money betting.
How can they not lose in the long-term?
Emotional betting is seeking to satisfy a short-term need, the need to place a bet. The outcome is often irrelevant. It’s the process of betting that provides the thrill.
You will never make money betting on emotion, honestly.
Emotional bettors have to bet to fill a need, often a void in their lives.
Selections are usually based on ‘fancy’ and the outcome is predictable most of the time.
The purpose of having a bet is the bet itself. Not a good basis to find winners.
Sure, they might get ‘lucky’ a few times in the short term, but overall very few (if any) go on to make any real money in the long term.
In contrast, self-disciplined bettors bet less often, their selection focus is based on fact, on reasoning, and on the balance of probability.
Sound reasoning accompanies their selection.
They run their betting activities like busineses, they make rational decisions, and the overall goal with each bet is to make a long term profit.
If you are an ’emotional’ bettor and you need a bet everyday, then nothing I say will change that. The responsibility lay with you to develop self-discipline (and it can be done).
I was an ’emotional’ bettor in the early days when I first started betting horses (and have even slipped back into that mode several times since then). I lost money trying to satisfy my need to ‘feel something’ every time I placed a bet, regardless of whether the selection won or lost.
I had to feel something (be it joy, or despair), it was a horrible place to be, but I loved horse racing so I had to find a compromise so that it wasn’t an either / or situation… one where I could continue enjoying the sport, without having the emotional forces controlling me and forcing a wager just for the sake of it.
How did I make the transition? I took the advice I am giving you here.
I took 3 months out, studied every aspect of horse racing, immersed myself in statistics, read a trillion books on betting technique, studied form ratings and betting strategies – I focused on the ‘knowledge’ and ‘technical’ side of the sport and distanced myself from it emotionally. That is the key.
When you focus on developing ‘knowledge’, and study the ‘technical’ aspects, your head rules your heart, and not the other way round.
You take control of your emotional need to bet, and as a consequence of that you develop self-discipline. You become a self-disciplined bettor; a bettor who can spot a good opportunity, based on sound reasoning, and then pounce at the right odds.
A self-disciplined bettor doesn’t get caught up in the circumstance of individual winners or losers, but instead focuses on the long-term prize, PROFIT.
How do you know whether you’re an ’emotional’ bettor or a ‘disciplined’ bettor?
Simple, just try to not have a bet for a month. Study the form, study the technical aspects, stay up to date with the sport, build your knowledgebase, develop new skills and refine existing ones. And do all that without having a bet.
Do that successfully for a month or so and you will have mastered self-discipline and really be ready to take the next step forward.
Sorry to have to get you to read through that, but it’s essential, because without self-discipline it really is pointless talking about stake planning and or the need for a fixed betting bank, which is the second area I want to cover in this topic.
Why would it be pointless?
Easy… without self-discipline trying to stick to a staking plan using a fixed betting bank is damn near impossible!
The good intention will be there, you will make a good start, but emotion will take over and the stake planning and betting bank principles will evaporate into thin air.
True! That’s what happens.
To benefit from stake planning and a fixed betting bank you have to be self-disciplined in the first place for it to work for you.
Think back to the last time you tried to work with a staking plan and fixed betting bank.
How long did it last? If it didn’t work then, don’t kid yourself into thinking it will different next time round, it won’t be.
You need to develop strong self-discipline as a prequisite for working with a staking plan and fixed betting bank.
Without self-discipline you will be constantly waging war with yourself and you will once again start making silly, unreasoned, bets just for the sake of it.
However, if you have the self-discipline to implement and adhere to it, then combining a sound selection system with the right staking plan, and a fixed betting bank, is a sure way to make money from horse racing / sports betting long-term.
It allows you to operate your betting activities like a business. It allows you to focus on long-term profit rather than short-term thrill seeking.
As a self-disciplined bettor you have clear guidelines:
* You have a good selection system in place.
* You have a managed staking plan and use a fixed betting bank.
* You know those elements are essential if you are to win at the game long term, and you apply them.
Right now you could well be thinking… this guy is full of sh*t. BV’s lost his marbles if he thinks I’m going to buy into this… and so on. If that’s the case I will leave you with the most sound and unarguable reason I can find for you to take onboard what I am saying….
The man’s name is Steve Jones, he runs a well known horse racing tipping website, and for years he’s been providing just 1 or 2 tips a day to his subscribers. His selections are the most researched I have ever seen in the industry.
He uses sound selection principles, a solid staking plan, and fixed betting bank. He monitors and reports on his progress each day, and he’s generated a stock market beating performance betting on horses every year since he started.
He has clear guidelines as to what he will bet on, when he will bet it, the price he will take, and the outcome he expects. Steve Jones has mastered self-discipline as a bettor, in fact for me he epitomises it.
We can’t all be Steve Jones, but we can all certainly aim to be like him.
Self-discipline is the key to winning the horse racing or sports betting game.
Master self-discipline and you have a solid foundation upon which to build your future betting success and profit.
Aim to master the principles of self-discipline.
Put in place a sound selection system, a staking plan and a fixed betting bank.
Look for opportunity and be ready to strike when it shows itself.
Always adopt a ‘long-term’ approach, and run your betting activities as if it were a business.
Aim to make a long term profit.
Aim to win the game!
On Thursday I’m going to be focusing on how to use find the optimal staking plan to use with a fixed betting bank.
Until next time,