All Licenses Owned
Life has a funny way of teaching you valuable things in the places you’d least expect. One of those unordinary scenarios is sports betting.
With the advent of the Internet, it’s never been easier to wager on the “big game” anytime and anywhere. While the top online sportsbooks may charm you with the potential to win wads of money, the actual biggest reward about betting doesn’t have a price figure — personal development.
Seriously, sports gambling can make you a better leader and business-savvy person. Before you laugh, here us out. The practice taught us three crucial lessons that will carry us long past the sportsbook:
1. What You Put In Is What You Get Out
There is no such thing as a get-rich-quick scheme. Want to know why? Welp, it takes work to get rich. A lot of work, matter of fact.
That’s evident when you’re gambling on sports. You see, any average Joe/Jane can pick a team or player to bet on with his or her eyes closed and win here and there. However, it takes a seasoned pro to wager with conviction and “outsmart” the bookie on a regular basis.
To do the latter, you’ll need to research bets heavily. This means watching games until playing habits are wedged into your brain. It also includes digging deep into the stat sheet to find trends. Doing so will slowly but surely develop specialized knowledge in you.
It’s this type of knowledge that challenges the data-infused algorithms that bookmakers use to set betting lines. We’re not kidding, either, sportsbooks don’t guess with their betting odds. Rather, advanced models account for every small detail — fatigue, injuries, recent performance, and everything in between.
In the same token, you can’t simply make “gut” decisions, whether that’s in sports handicapping or other “forks in the road” that come up in life. Every choice needs to be backed up with a specialized system rooted in knowledge based on data or prior experience.
2. Never Get Too High Or Too Low
Ah, yes, the ebbs and flows of betting are the stuff of legends. When you win a bet, you’re on top of the world. But when things don’t pan out, you feel crushed under the weight of the world.
Wait, isn’t that reminiscent of everyday life? It sure is, which makes this life lesson invaluable.
Betting will quickly teach you to keep your emotions in check, whether they’re positive or negative. Why’s that you ask? Because you’re only as good as your next bet.
Sure, you may have just hit it big on a wager, but you can give it right back with the next one. The inverse also applies. Say you just lost, costing you a boatload of money. Welp, there’s no point in hanging on that loss because there’s another opportunity around the corner — an opportunity to recoup that loss plus more.
Regular life is a mirror of this. The past is the past and what matters most is the present. What’s your next move? What decision will you make? Whatever the answer is, don’t let past events or recent emotions dictate it.
All Licenses Owned
3. Money Isn’t Everything
How many times have you heard this one? Probably hundreds of times, right?
Welp, it’s one thing to be told this over and over by society, and it’s another to actually live it. You really won’t believe it until a life experience implants it in your head.
For us, that came whilst sports betting. Of course, winning money is the grand allure of sports betting or any form of gambling for that matter.
But once you rack up a fair share of wins and losses in gambling — with your money acting as a figural rollercoaster — you realize you’re the same person at the end of the day no matter the outcome. So you won, welp, you still have that essay to turn in before midnight. Lost? Welp, the sun still rises in the morning with a roof over your head.
You make money. Money doesn’t make you. And this applies to the rich and to the poor. Don’t forget this as your life unfolds.