Today I thought I would outline the different kinds of traders and gamblers in our space and talk about the differences, as well as the differences between gambling and sports investing. These are important details as we move forward and a point I really try to drill home for those that are a part of my newsletter list.
The idea of me sharing this information with people like you, is that after discovering this method if investing and benefiting from it myself, I really thought it was something that I could share with the world. I wanted to let people know that there is a different way to invest your money and that you could do it in a way that was not only interesting to you, but in a space that offers so many amazing financial opportunities if you are educated in it.
Let me start with a saying you will hear all the time here:
We don’t gamble here.
If that is the rush you are looking for, then Sports Trading is not for you. I flip coins for kids to see if I will buy them ice cream, I don’t do it with hundreds of thousands of dollars, and I never recommend you do it, either. My goal with Sports Trading is to invest my money and see returns, and I do that. But not everyone is as fortunate, and some just take the wrong approach. Who are these people?
The Novice doesn’t think he has any information about sports that can be used to invest, so he may put some money on a game on a Sunday and “see what happens”. For the novice, a win is the worst thing in the world, because it builds his confidence to think that investing in sports is just a random flip of the coin. The novice will often brag about his luck, until it runs out, and so does his money.
A novice will often have a “feeling” about a game, or maybe it comes to him in a dream. In the end, he has a little fun and plays until he loses.
The Magician is a guy who thinks he knows a lot of information, but he only knows enough things that would impress his friends in a bar. Most of his information comes from TV shows that share the same data with hundreds of thousands of other investors who are watching the same show, which moves the lines to the point where it breaks the trends they were talking about. The Magician is the kind of guy that says, “Tom Brady has won 4 out of 6 games against the spread this year. I will put my money on Brady every time.”
The biggest issue with the Magician is that his greatest trick will be making his money disappear.
The Professional is the guy who studies the lines all week long, looking to find the juiciest games. He has a gambling strategy that he thinks is “infallible”, usually based on a system that involves betting more money if you win and/or more if you lose. He is pressing his luck and hoping he doesn’t bust himself out by the 4th week of the season.
Professionals will make notes, find trends, and may stumble upon long term patterns, but never fully utilize them as an investment. Because no matter how much work they are putting into the craft, they are still looking at it as gambling and not as investing.
The Swamis are few and far between, but you see them tout their services online, and some still hawk them via recorded 900 numbers. These guys normally know a guy who knows a guy who has some information. But what they really know is that if they give you one side of the game and give then next guy the other side, that there is a 50% chance of keeping one of you as a client and a 25% chance of keeping the other guy. Once you are locked in, it takes a seriously bad run of games to chase you away from the Swami. Mostly because he knows that guy and you don’t.
Fair warning: These guys are scams, and it’s not hard to see why.
Lastly, we have the real life Sports Traders, and, to my knowledge, there aren’t many of us around. Aside from the people I have trained, I don’t actually know of any of them. We use a combination of backtested, historical data that finds patterns in the matrix, along with a stock trader based systems approach, that limits risk while maximizing profits.
All of the above stereotypes, except for the Sports Trader, have one thing in common: They are gambling and looking for a home run. Sports trading looks at these sports for what they are; markets that have data we can use to ride waves of profit. Last year, for baseball season, my models cracked open a 240% gain over the course of just a few months. A gambler would never be satisfied with those types of returns, instead looking to double or triple his money each day. That’s why investors stand the test if time, and you never meet a successful gambler.
Well, my friends, baseball season is coming, and so is a playoff basketball season. There will be money to be made, and there will be profits to be had. Over the course of the next few weeks I am going to be leaking information about my newest systems because, for the first time ever, I am going to presenting these to the public. You will be able to learn the systems themselves, or choose to follow our VIP Alerts system that will send you each trade, each day. Be prepared. Get excited. We are going to make a lot of money together, as Sports Traders.
Head Trader at Sports Trading Systems, Creator of the ScoreMetrics Philosophy, world traveler and lover of good food, good drinks and beautiful women who speak different languages.