Ask an elder (if you know some living nearby) how to achieve something in life. Most of the time you'll receive the same answer: "You must be hardworking and patient." But we are strange generations. We are lazy generations. We are folks who want riches, power and everything that goes with it. But we are NOT ready to work for it. Most of the time most of the people just talk about it, do lots of daydreaming, do some shallow planning and never activate the plan. Why? The answer is simple but yet painful: whole humanity-we are just bunch of LAZY KIDS! We just talk about winning! We announce winning but never achieve it. The reason for this: we are afraid from failing. Even though we are grown ups, we are still acting like little kids, which when fall down start to cry and scream not because they are hurt but because they are programmed that if they cry and scream their parents will come running and pull them up and then hold tightly in their loving arms and get them home, where is warm and safe.
But the reality is totally opposite. Our parents are not here to provide safety. They are not here to pull us up when we fall. We must learn to do it ourselves. And even though its totally the opposite in the reality, most of the people negate this fact and continue to act like little lazy kids: they take credits from bank to buy things that they don't really need, without thinking how are they going to get the loan back. They just sign the paper, grab the money, pay for the thing, feel happy for few minutes and then, when month after a month they see how much from their payroll they pay to the bank (the longer the period for paying - the bigger the amount for interest they give away).
Its quite better if they, instead taking bank loan, to be patient and work till they collect the amount of money they need and buy the wanted thing in cash (there are stores which give discount when customers pays with cash-so this is making the situation even better).
So how all the written above is connected with roulette? It is. Just like everything else on this f***ing world is interconnected, this is directly connected with roulette playing. Somewhere in the beginning of this thread, I've mentioned that winning 2.5% from bankroll per session is good enough. Some of you agreed with me, most of you don't. I'm sorry that I'll write this, but I must write it:
if you think that growing your bankroll for 2.5% per session is small amount then you are not professional roulette player - you are a gambler. Yes, plain and simple. If you go to the casino and plan to grow you bankroll for 25 or 50% or even doubling your bankroll every time you enter the casino, then you are in deep deep trouble. I'm sorry in advance for all the problems and tough times that you and your family are going to get through because this bad behavior of yours.
What if this same mindset was possessed from the professional traders on the Stock exchange? What if the professional sports bettors had this mindset? They won't be called professional trader and sports bettor but GAMBLERS. Why I've mentioned these two professions? Because I got some little experience in the first and little more in the second and I'm able to write about it.
Have you ever thought how are the traders making their profits? Many connect traders with the character from the "Wolf from Wall Street" but in reality its little different. Yes, there are cases where speculations are taking place, but most of the time it is the free market that form the share prices. Professional traders make their profits in two ways:
1) dividend yield (big players do this)
2) difference in share prices (buy low - sell high) - this is used mostly.
What are professional traders actually doing?
They connect to their accounts from where they manage their portfolios. After that they start to collect data about companies. After they've collected the data, they analyze and choose where to invest. They are investing in shares which they expect that the share price will grow in the near future. They are never investing in shares from just one company: they diversify the risk by buying shares from multiple companies, from 10 to 100, some of them buys even more. Example: Lets say that they invested in 20 companies. They bought 50 shares from each company and each of the shares was 100 dollars worth. Total investment: 100.000 dollars. They expect in one month to see rise in the prices of all the shares that they possess, but they KNOW with certainty that they can't win 100% of the time. After one month, the share price of 10 companies rose from 100 to 130 and they used this positive trend and sold them, the share price of 5 companies dropped down from 100 to 80 so they've decided to sell them too to cover potential big loses and they let the shares from the remaining 5 companies because their price was stable and there was potential for a rise in next month. If you do the maths, you'll notice that the portfolio from the initial 100.000 dollars now is worth 110.000 dollars and it grew for 10% in a month. Honestly, 10% profit in professional trading is considered huge because of the big amounts of money that are in play. But what if the traders possessed that "get rich" mindset that most of us, roulette players possess? They'll analyze and pick one company. They will buy 1.000 shares from that company and invest all 100.000 dollars in that company. And, if they've chosen right, the price will go up and they will make profits. But if they've chosen wrong they will lose big money. That's why they diversify the risk and don't try to bite more than they can chew.
How are the things in the sports betting? Different bettor have different approach in sports betting. In the following I'm going to write about one approach that is used by most of the bettors across the globe. Its the "54%" rule. Following this rule: all it takes for one bettor to be successful is to pick his picks right 54% of the time (single picks with minimum odd 1.90). If he manages to pick 54% right, then he will achieve profit in that betting season. Did I mention "season"? Yes I do! Actually in sports betting the professional bettor is interested in the overall result of the bankroll at the end of the season then the mid-season result. They know there will be ups and downs and all they care about is picking right 54% of the time. Everything below this number is bad business and everything beyond this number is a reason plus to stay committed to what he is already doing - because obviously he is doing the right thing. Example: The bettor is expert in NBA and pays subscriptions for NHL and MLB picks. All in all he has 1.500 picks in one year (betting season) total. He and the guys selling him picks manages to pick right 57% of the time. The situation at the end of the season is like this: 1.500 bets X 100 dollars per bet = 150.000 dollars. 1.500 bets X 0.57 = 855 winners. 855 winners X 1.90 X 100 = 162.450 won - 150.000 = 12.450 dollars profit - 2.000 for subscriptions = 10.450 dollars net profit. Why I've mentioned professional sports bettor here? Because they are never putting all the initial bankroll on just one bet. Most of the time they diversify the risk with betting only 1-2.5% from the bank and the big players put this number even lower - 0.25%-0.5% from the bankroll (this is the only way to ensure the get alive after a bad streak of more then 100 consecutive losing bets).
What most of the roulette players need is adopting a new mindset. They must start looking on the wheel with more respect. They must be patient and implement lots of hard thinking. The 2.5% growing of initial bankroll is much less then 25 or 50% growing the bankroll but it is much easier to achieve and involve less stress. Plus take a look on the story about that guy from Asia: his session goal ranged from 1-3 units or 0.63%-1.89% and with low session goal like this he managed to grow his bankroll from 800K to 1.200K (for 50%) in little more then one month.
Just a little hint: add one more bankroll (instead 2 X 80 units, use 3 X 80 units, just in case) and lower the unit size from 5000 to 50 or 100 dollars and you'll make 30 units X 50 or 100 dollars = 1.500 or 3.000 dollars in profits per month. Not that bad a?
And the final conclusion:
even if you still haven't found the all-the-time winning approach, maybe you have discovered the very best next to it approach. What is the very best next to it approach? The one that brings even a little more then the final bust of the bankroll. What do I mean with this? I mean the approach that earns you more then the amount of your bankroll before your initial bankroll is busted. Example: if you have found an approach which earns you +1.050 dollars before losing the initial 1.000 dollars then you have a winning approach with 105% ROI, and even though this 105% is very little - little by little it piles up and from 1.050 dollars they can grow to 1.102 dollars and after that to 1.157 dollars and then to 1.215 dollars etc.
After all: roulette is not a sprint - its a marathon.
All the best,