Blind Luck or Calculated Risk?
Life is fraught with risk. There is no getting away from it: life is a game of chance and some of us are simply better at playing it than others.
The good news is however, that risk can be turned into cold, hard cash. But there are 2 types of risk: blind risk and calculated risk.
The first, blind risk is useless and a waste of time. Blind risk is the calling card of laziness, the irrational hope, something for nothing, the cold twist of fate. Blind risk is the pointless gamble, the emotional decision, the sucker play.
If you embrace blind luck, well – we wish you the best, but we don’t rate your chances.However, calculated risk has built fortunes, nations, empires (I’m sure there should be a dramatic musical accompaniment to this bit). Calculated risk and bold vision go hand in hand. To analyse a situation or opportunity, think it through logically, see the possibilities and then make it happen. This is what differentiates sucker-play from quality calculated risk taking.
At BookieLabRat.com we are a group of risk junkies, chancers, players – we love the thrill of backing our judgement against a bookmaker, or increasingly, someone else on the other side of a betting exchange wager. Our PokerLabRat.com team feel similarly about poker wagers.
There are some “simple smarts” you can do to increase your mid to long term betting bankroll. One of them is to take value bets.
Value is quite simply the chance of a bet winning multiplied by the odds taken. Well – if you can’t improve the chances of the team – then the best thing to do is improve the odds you take!
There often is a significant difference between bookmakers in the prices available on a given fixture. (And we mean reputable sports bookmakers – do not even consider betting with dodgy guys as getting a payout is really important too… but that’s another blog topic. There are rogue operators out there!)
Run accounts with several online bookmakers so you can select the best odds and betting opportunities on a specific punt. How hard is that?
It’s a statistical fact:
– that by distributing your betting funds & using 4-5 bookies you will get 10-12% more out of your betting than by simply using 1-2 bookies.
– that by distributing your betting funds & using 8-10 bookies you will get 15-20% more out of your betting than by simply using 1-2 bookies.
If you have active accounts at multiple bookmakers online – and only take the top prices – then YOU WILL WIN 10% or 15% or 20% MORE than you do today – even if you change nothing else.
Come on risk takers – be smart!For the latest independent reviews on sports books, bookmakers and betting exchanges take advantage of either or both of these free sites:
>>BookieLabRat.com
>>GoonersGuide.com
Find out what’s hot and not about your bookie – are they even in the top 5? Which other online sportsbooks should you add to your stable of bookmaker accounts? Visit the sites above to find out more.
Add comment January 23rd, 2007