I was at a friends birthday over the weekend and was chatting to somebody I’ve never met before and she was asking me what the hardest part of betting is. It was a very pertinent question and one that I’m very seldom asked. In fact, the most common question is, ‘How do I pick winners?’
While it was a very easy question for me to answer, I was surprised at how little I’ve ever been asked it before.
Without a doubt the hardest part of betting is the removal of emotion from your betting. The more that we talked about this the more that I realised that this could be considered the key difference between a successful bettor and a non-successful bettor.
If you can remove the emotional attachment then immediately you start to…
- Manage your bankroll correctly
- Have the ability to cope with losing streaks
- Increase stakes at the optimum moment
- Analyse races from a logical standpoint
Those are the main changes but, to be honest, once you master your emotional involvement then everything in your betting begins to change.
If your first reaction to this statement is to think that the hardest part is finding winners then wait just a moment. I’m not saying that finding winners is easy, it isn’t, however it’s not the hardest part of betting.
Think about what bookmakers advertise and trade on?
They trade on our ability to become emotionally involved in a sporting event. Gambling addicts are not addicted to the betting, they are addicted to the emotional rush that comes with the involvement in betting. Control that emotion and you have a large part of the battle against the bookmakers won because they can no longer use your emotion to make you place bets you wouldn’t do without that involvement. In other words you will begin betting…professionally!
Don’t mistake this lack of emotional involvement with me saying that you shouldn’t enjoy the sport you are betting on. Far from it, you should enjoy watching the sport, but if your bet doesn’t win your focus should be on why and if you could have spotted the winner, not the fact that your bet didn’t win.
As bettors we need to take the power away from the bookmakers and into our own hands. The best way to do this is by stopping them using the emotional ties that you have to your betting.