Money Management in Sports Handicapping – Phixer’s way Part 1, Prologue
The Money Management System by Phixer
There are few types of sports bettors.
The recreational ones – those who bet for fun and do not depend financially in any way on winning or losing bets. They have a steady job and manage their finances in a way that they allocate the funds for betting from the beginning or on the fly not taking large bets they can’t afford to lose.
There are professional sports bettors who treat their sports betting as a science and invest most of their time in researching and calculating the odds. They usually are not disclosing their systems and tactics and enjoy the profits quietly trying to stay under the radar.
And, there are degenerate gamblers who’s thrill is to take a bet and watch their money being risked – most of the time irresponsibly – and no matter they win or lose, at the end they are always broke looking for another source to get the money they can gamble away.
If you’re honest enough with yourself – you can easily find yourself belonging to one of those categories. Of course – each of the categories described above have sub categories and sometimes they all mix together in one big mish mash. But basically – we all belong in one of those categories. Many of us – I believe – at one time or another – have crossed the lines, but at the end of the day – we are all enslaved to that thrill called gambling.
But then, everything in our lives is gambling. Every gamble we take has different odds and spreads attached to it – either we cross the street or we marry, taking a flight or driving a car, ordering a pizza or a take away sushi, putting our children in one school or another…. Millions of the decisions we take in our everyday life without really having an insurance they will end up successfully. The odds of getting hit by a car while crossing the street are extremely low while the odds of us making it to the other side of the street are extremely high, same as the odds for our pilot to land the plane we’re boarding. Now, the odds for the pizza to be as good tasting as we expect it to be are somewhat of a spread between our expectations and the what we really feel after we finished consuming a slice or a two. Ordering a take away sushi is similar – but here we have another factor figuring in the spread – the long term gamble of how fresh was the raw fish we just consumed results of which we may experience in only few days after consuming the sushi. Marriage is a super long period bet, but still a bet. In every sense. I’d say it is the whole combo of bets: will I still love her in X years, will she still love me in X years? Will she stay as beautiful and charming as she is now and will she develop into a life partner I hope she will. Or the opposite if the woman would be writing all this. Today, one of the most common social bets is the career we choose to develop at the certain age investing in it long hours of studying and tremendous amounts of money – and it is usually a gamble with a very high risk with ever changing world and the technological advances. That is the reason most of the people are working in jobs they hate , live with people they rather not and finding a refuge in one or two indulgences while sports betting is definitely one of them.
Ok, usually we do not get run over by a car, we land safely, we forget about the pizza the minute we are done eating it, we survive the sushi and even getting used to live with other persons we were convinced we would love forever. Why? Because we usually take well calculated bets . The life has taught us simple lessons we do not forget and act by them.
And we also know how much more or less the things we consume cost. We know that if something costs 500 dollars and we earn at our job 25 dollars an hour – that particular item we want to purchase equals to 20 hours of our work and if the work day is 8 hours – then we would have to work 2 and half days for that item. That is when a reasonable person decided if that item is worth of him or her working for 2.5 days or not. Now, if we have the bills to pay each month for 2000 dollars, food costs us another 600 dollars and we also have miscellaneous expenses of 1000 dollars a month – and there are only 22 working days a month allowing us to earn 4400 dollars a month – then, after paying the bills and having miscellaneous expenses – we still have 800 dollars left and can afford buying that item as long as we do not spend more than 300 dollars besides the above expenses. Now honestly – most of us do not thing that way and even if we do – and figure that we can’t afford to pay for that item – we’re buying things we can’t afford in few installments and that is when the installments begin to pile up and then we are working only for paying our debts. That is usually when we are looking for additional sources of steady income.
Turning our beloved habit of sports betting into that particular source of a steady monthly income seems easy at the beginning but pretty soon becomes another hole in our pocket.
Why? For various reasons that have to do with our nature where the sports betting becomes part of our emotional activity instead of becoming a strict automatic business transactions where we buy high probability events for the higher price than those of the low probability. But we rarely practice what I just described. Because we do not treat sports betting as a business but as an emotional practice.
So, why can’t we turn sports betting into successful enterprise as the businessmen do with their business ideas? There is absolutely no reason it can’t be done. I’m a living proof of that. The money management tactics and the strategy I apply are the key element in my financial success. That is how I turned 55 hundred dollars into more than 16K in 2 and a half months since the September 10th. In front of most of you. Together with many of you who followed each and every or a vast majority of my picks.
And what is that thing I mentioned regarding turning a relatively small and absolutely affordable amount of money into hundreds of thousands of the dollars in less than a year?
Part two – the conclusive evidence and absolutely easy to execute sports betting strategy governed by sound Money management – is coming up soon