With all the craziness going on in the world today I want to write about some positive things you can focus on. Truthfully, writing in this fashion would be healthy for me as well. So much negativity on my social media posts lately. Seems all anyone wants to talk about is the virus and who they can blame for it. That mindset is contagious, so today we are only going to focus on the positive and let it spread!
Sports Investing vs Traditional Investing
Is sports betting investing or gambling? That’s a question I get all the time actually.
The truth is, in my experience, it’s just like the stock market. When I was new to the investment game, I either listened to what someone else told me, or I took a guess on something. Most of my hunches that either turned into decent money or total duds. I was gambling, but doing so by buying Facebook and Apple stocks.
That was until I changed my mindset and got serious about it. Losing money will do that to you, especially if you are looking at it as an investment, and that is what I was doing, without even realizing it.
I put money in, and I wanted more money in return. It’s really that simple.
If you look at it as gambling, you will never be able to use it as a platform to generate long-term wealth. This, in part, was how I came up with the systems based approach I use in ScoreMetrics, which, in it’s purest form, is a way to create an edge over the bookmakers and get value from my investments while enjoying the wealth generated from 170%, 200%, or even 250% ROI a year in each market.
Now for a lot of people, telling them they can make 200% on their money in 6 months isn’t enough. They are not interested if it’s not a ‘get rich quick’ scheme. Those people are looking for a “safe bet”, but let’s be truthful; there is no such thing. You gamble and you risk losing it all.
I will be honest with you and tell you I am extremely cautions not to sell dreams to people. I talk about reality, and the reality of it is, that my models have been able to consistently put up those numbers each and every year in each and every sports market I trade in, all from using a systems based approach to sports trading.
If you have had experience trading with stocks, futures, forex etc, some of these principles that I talk about will be familiar to you. But for me, it’s been about transferring this knowledge into the sports investing industry.
Want to get rich quick? Play the lottery for the rest of your life.
Want to grow your wealth in a steady and consistent way? Choose sports investing.
Here’s a question for you: If you had the chance to become a millionaire within the next 5 years, would you take it? Of course you would.
I mean, who wouldn’t? With a proper investment strategy and bankroll management you can do that, even in this current economic downturn caused by the Coronavirus. Even though the markets I trade are temporarily suspended, I keep these mental exercises going to make sure my mindset is right once they open again. Because unlike the DOW, which will be volatile as heck for the next year, the sports trading markets will open back up soon and it will be business as usual.
Questions of the week
I get a lot of emails from people asking me questions and I honestly try to answer each one of them, but sometimes there are just too many. I also really hate copying and pasting answers to people when I get the same questions, so I tend to put them into the newsletter so I can answer them one time. These are the questions I seem to hear the most.
Q: What are you doing with all the the downtime with no sports markets open?
A: This is honestly a really interesting time for me. I have spent most of the last year traveling and having fun while the guys in the ScoreMetrics Lab do most of the work, but with everything that is going on the last few weeks, I have really switched my focus working with the analysts on the system development for the upcoming market seasons. It’s actually kinda fun to get back in there and get my hands dirty again, and I am excited to see what we come up with. I feel like a made scientist sometimes. lol.
Q: Do you have anything new planned for baseball season this year?
A: Not really. The models we have for the baseball market have performed so well over the last few years that they are hard to beat. I am kind of excited to create a multiplier system for the upcoming football season. Seeing the results we got from the NBA market have given me a great deal of confidence that we can duplicate that for the football market and really pump up those ROI’s to new heights.
Q: Why do you always talk about traveling? Do you live in a hotel?
A: No, lol. I live in a condo or a home. I have a home in the states and a penthouse in Thailand. I am also building a place in the Philippines that is a bit smaller than my Thailand home, but pretty cool (photos coming soon).
I talk about traveling a lot because I travel quite a bit. For too long I was tied to a brick and mortar business, afraid to go away for too long or leave them alone for any period of time. Sports trading has given me real freedom. I guess I am just enjoying myself and sharing it with you guys.
Ok guys. That’s all for today. I hope this newsletter was a positive part of a positive day. Stay healthy, and remember; to be part of the 1% you can’t think like the other 99%.
Head Trader at STS and Creator of the ScoreMetrics method of sports trading.