Video about Billy Walters Just watched this interesting video about Billy Walters, king of sports betting.

Discipline

Nothing on interest on the coupon today. Just thought i'd share a few thoughts today, leading on from yesterday. I've been messing around with betting and trading (there is a big difference) for about 8 years now. In the early years i thought that more was best. If the odds suited me i would go for the trade. The problem with this stategy is that before long it will lead to a losing day, the question is how to deal with a losing day! Some schools of thought say you should double up to win the losses back, others say ignore the loss and stick to the stategy. My own experience is that both stategies will work fine as long as the picks are good, and you don't fall into the expensive trap of just betting on the next available game to get your money back asap. Discipline is key! Before any given day i will have earmarked a number of games that are worth trading, sometimes 2-3, sometimes none. If there aren't any games then i leave it alone and get on with the rest of the day! I will not deviate from my original list during the day to try to recoup losses- it's very tempting to jump on the next game after taking a hit. After a loss i usually get off the laptop for a while and do something else for a while.