| In 2007, the Gross Gambling Revenue in the United | | | | aforementioned percentages perhaps you should |
| States was *$92.27 billion. (Source: Christiansen Capital | | | | consider whether gambling is for you or follow a |
| Advisors). | | | | proven system instead of making your own picks (I |
| Recently, University of Illinois professor John W. Kindt | | | | got something special for you later on that score). |
| said Government-sponsored gambling is second only | | | | Lack of discipline: Weak will leads to being unable to |
| to Big Oil and oil dependence and accuses the industry | | | | avoid temptation, and there are many temptations in |
| of siphoning money from other economies which will | | | | sports betting (just visit Vegas to see them in all their |
| eventually lead to a mother of a recession. | | | | glory). Lack of discipline in betting terms is a disaster. |
| If true, with oil reserves diminishing it's only a matter of | | | | You will soon lose your bank at best and at worse |
| time before betting, gaming, gambling or whatever you | | | | you could get yourself into serious financial troubles |
| like to call it is going to be in terms of Government | | | | and even become addicted. |
| sponsored activities number one. As the first is a | | | | Betting on a whim: Listen-up, whimsical endeavors |
| diminishing market and the second is expanding. | | | | have no place in sports betting, at least if you want to |
| Further, there are going to be some very wealthy | | | | be a winner they haven't. |
| sports books owners as approximately 98% of sports | | | | Never place a bet unless you have reasonable |
| bettors lose long term. | | | | confidence, have researched at least the prima facie |
| Why is this so, why do most sports bettors lose? | | | | issues surrounding the game or event. Ideally though, |
| Read on to find out! (We will not be discussing | | | | you would have looked at the stats, checked on the |
| Professor Kindt's stance in this article, who by the | | | | teams or players and verified local conditions suitably |
| way, also recently said, | | | | favor your selection. |
| "When the money is not spent on cars and | | | | Not knowing enough about the sport: Specialization is |
| refrigerators and is instead dropped into a slot | | | | the key to success at sports betting. |
| machine, it leaves the economy"¨). | | | | You must know your game and yet it's surprising for |
| What we will discuss however, is some of the | | | | example how many Brits bet on for instance, baseball |
| reasons people do lose long term. Moreover, winning | | | | without knowing much about the game or teams. And |
| gamblers will make the professor rather happier as | | | | the other way too, Americans will bet on various |
| winners will hopefully make more purchases. | | | | European League soccer games not having much of |
| Bad money management: This is the story of many | | | | a clue about the teams concerned. |
| people's lives, but good money management is crucial | | | | You must put in the time to research and specialize |
| in sports betting (just ask the sports book). Get | | | | and should never bet on sports or aspects you are |
| yourself a dedicated bank roll and use no more than | | | | not familiar with. |
| 3% of it per bet, ideally 1% or 2%. | | | | Non-emotional betting: Emotion and actions driven by |
| It will take a while to bust your bank, and as an aside, if | | | | the heart work well in love affairs, but are a big no, |
| you keep busting bank after bank playing the | | | | no's when it comes to betting. |