Wednesday, March 10, 2010

A quick comment on self discipline

The past 2 days of spring training have reminded me of the old story about the little boy who was always optimistic. He always found the good side of everything. He drove people crazy. One day his parents decided to teach him that sometimes bad things happened without a good side. So on his birthday they filled his room with horse manure.

The little boy jumped in with great abandon and started searching. When asked what he was looking for he replied, "with all this manure there has to be a pony in here somewhere!"

The search for profits on sports betting reminds me of this as well. Thousands of us are optimistically flipping coins shouting "there has to be money in here somewhere!." Many of us are about as likely to find those profits as the little boy in the story is to find his pony. This is not to say that profits are not going to be made on sports betting, just that there are a lot of people chasing the same pony and you have to figure out how to separate yourself from the crowd.

Self discipline is the key to surviving the times when you are knee deep in horse shit until you find your next pony. Keeping a positive attitude, maintaining your confidence in the middle of a bad run and most importantly keeping your bet sizes in proper proportion to your roll are the the keys to long term success.

Don't panic, don't chase and keep grinding. Also remember, no one does better than 55-60% in the long run so don't set unrealistic expectations for yourself.

I started the spring training season on a 26-14 run and have gone 5-9 over the past two days so writing this for others helps me remind myself of the tried and true rules so even if no one is reading this it's helpful to me.

I'll post more later on my thoughts regarding bet size and holding out until you find an edge.

No comments:

Post a Comment