Over the last few weeks, i’ve been bet over €600 on various different sports. It sounds crazy, but in reality i’ve never bet what i didn’t have.
I started with a balance of €20 on lucky.ie and i’ll place €3/€4/€5 bets here and there. I’ve won and lost plenty but at no stage has my balance been below €14.95, so really, that €600 i’ve bet is a misleading figure.
Still, i’ve managed to bet €600, probably placing hundreds of bets in the process and overall, i’ve turned a profit. I can feel myself getting smarter at betting and risk assessment.
It’s a great way to force yourself in to really thinking hard about statistics and probability, form and luck etc… then making a decision at the end of it all. At the start, i would have bet maybe €2 at even money, meaning i’d get €4 if my team won.
These days i’m happy sticking €10 on at 1.6 odds, meaning i’ll get €16 back if my team wins… of course i have to be wary of losing money… not only will i lose money but i’ll lose monthly battles with Enda which is probably worse!
Over time, it will be very interesting to see if i can turn a profit every single month… my decision making can only become better as i go along and it’s good not just for gambling but in other walks of life too.
Betting ‘in play’ requires concentration, discipline and acting very quickly. Tennis is a great example of where fractions of seconds can make a big difference. Football is too…. one minute, a side can have all the pressure and are on the attack…. so you back them. Then 10 seconds later the opposiiton could counter attack and go 1-0 up meaning you’re faced with big decisions.
So what started out as a bit of fun and games is actually turning in to a great educational experience for me as i’m managing a budget, making decisions, taking risks etc… of course becoming a master at gambling is not something you want on your CV but we’re limited to a €20 budget each month which takes the dangerous / addictive elelment out of it really.
As things stand, it looks like i’ll be pocketing €10+ this month of pure profit so thus far, lucky.ie has been a great success story for me in more ways than one. 50+ blog posts in less than a month, €20+ profit, beating Enda for boasting rights, a lesson in decision making / risk management…. the list goes on.