To be a successful gambler you have to be disciplined and I am not talking about waiting three weeks to place a bet (that is no good for those of us looking to make a decent living from betting), but being able to take a detached view on individual bets. Do not be shocked when I say that they do not overly matter, that it is not an easy concept for most people to grasp and is one of the reasons why there are far more losing than winning gamblers), but it is a simple one !

 

I know that I am going to bet maybe 1,000 losers this year and the same in 2016 (possibly more), again in 2017 and so on, there is absolutely no point in beating myself up over any single one of them, they are unavoidable and you cannot make a profit if you are loss averse and you have to find a way past that way of thinking. Psychologically it is shown that losses are felt twice as powerfully as gains, but once you can get over that mindset and try to look at gambling as a series of investments and never one individual bet, you will not only be on your way to making a profit, but also a much happier person !

 

Let's take a simple example, say I know something has a "true" 20% chance of winning, in betting terms that is 5.0 or 4-1, if I can back that at odds of 5.50, I am going to make good money long term, taking a big sample of 1,000 bets, I should win close to my expected level of 200 (20%) and make 10% profit. Making 10% across 1,000 bets is huge and would provide a very nice second, or even first income if you could do that year in, year out.

 

However, in isolation, if I take 5.50 that "true" 5.0 chance today, do I expect to win ? No, not really, it has a 20% chance of winning, or one in five and the same is true the next time I bet it and so on, the first 30 might lose, or the first five win, that is the "gamble", but the "investment" is in the long term profitability of such bets.

Finding true odds is not an exact science (no one said this was going to be easy !) unless you are flipping a coin, but in depth analysis, hard work and experience will take you close and I would suggest that 90%+ of all clubgowi bets are for undervalued selections ,offering good value and long term, that will "always" result in big profits. An extension, if you like, of the 20% example.

Proof of that is with the free to view clubgowi results you can see below. They cover every preview posted on the clubgowi website and old Gambling and Other Wholesome Interests (GOWI) blog since March 2006 and whilst only about 5% of the newsletter service content will be available as FTV content in 2015, it is still a huge sample, with several thousand previews, all of which are still available to read.

If you are almost always betting at good value odds, the "house advantage" switches to you the bettor and like the casino, you no longer have to worry about short term deviation and just by staying in the game, you will eventually come out on top. You just need to make good decisions pre match (clubgowi can help with that) and be properly bankrolled.

 

2006  stakes    991.5   returns  1154.81  ROI  + 16.46%
2007  stakes 1,187.5   returns  1331.68  ROI  + 12.14%
2008  stakes   482.5    returns  664.68   ROI   + 37.37 %
2009  stakes    548.5   returns   642.43   ROI  + 17.12%

2010  stakes   225.13  returns  259.59   ROI   + 15.30 %
2011  stakes  162.25   returns   171.02  ROI   +  5.41%
2012  stakes  267.75  returns  304.88  ROI     +16.93%
2013  stakes  137.8   returns   169.16  ROI   +22.76%
2014  stakes  177.5   returns    202.39  ROI   +14.02%

2015  stakes  143.0   returns  146.64  ROI  +2.54%

 

Total : Stakes 4323.43  returns 5047.27   ROI  + 16.74%

 

Good luck !