Friday, August 04, 2006

Discover Why Almost ALL Sports Gamblers Fail to Profit… And How to Avoid Falling Into the Same Trap! (Part I)

Differences

Betting on sports is an exciting and for some a profitable business. Growing profits from sports wagers is not something done by the casual sports gambler. Betting on sports and getting continuous profits takes a certain type of person. Someone who is dedicated to making money and is serious about profiting off of a long term investment. Someone who is dedicated enough to make this their livelihood. Someone who strives for the best possible return, with the least amount of risk. This person always comes out profiting at the end of the year. This person also has strict discipline and plenty of patience. This person is not the sports gambler but is known as the sports investor.

You’re probably asking yourself what’s the difference between a sports investor and a sports gambler anyway? The sports investor and sports gambler are two completely different types of species, even though they are both looking for the same result. They both are trying to grow their investments, but by going at it in two very different ways, only one consistently comes out on top.

Simply put, the gambler is the person who thinks he is investing his money properly yet he has no money in his bank account in the end. On the other hand, the investor knows he is investing his money properly, and his seemingly always growing bank account is his proof of knowledge.

Your typical sports gambler is someone who reminds me of a junkie, always betting just to bet. Then the casual gambler that only places bets on the big games (i.e. Super Bowl, World Series, College Bowl Games, March Madness) or on the day’s favorite team on the front page of the sports news section. They are usually in it for a quick fix, for that one big win. Anything to just make up for past losses, but in the end result is the always the same: a losing season and an empty wallet.

On the other hand a sports investor (also known as a sports handicapper), is in it for the long haul. They are the bulls who look down at a valley of cows, and decide to take their time and walk down to be able to get to every cow. They know they are not going to get rich overnight but they do know that it will happen over a period of time when done properly. They have the desire of obtaining a strong background of the sports world industry and the knowledge of how to apply what they discover.

Now that you know the differences between a sports gambler and sports handicapper, you have a choice to make. If you are serious about investing and in becoming a successful sports investor stay tuned and read the next parts of this series coming soon.

In the next part of the series I will be going over the pick “gurus” and other similar traps that the gambler falls into. Together we will all become successful sports investors. For more on how you can make a living investing in sports go to http://www.powerpositionbetting.com/.

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