I wanted to talk today about the concept of betting on-line and how we need to approach it differently to betting on course or in the shops. The problem with having money in a betting account on-line is it becomes almost unreal. It’s all very well seeing a balance that says £100 but it’s not really there in front of us and because we may lose an emotional attachment to it we may have the tendency to gamble it all away.
If you walk into a shop on the other hand and you have £100 in your pocket you may have two £20 bets but because you are going to the pub afterwards you’ll keep the £60 and move on because you have it there as a tangible source of cash. Can you see the difference? The mind-set is completely different when using an on-line account.
This is where we need to, in order to make our betting more successful, reattach our emotional connection with our on-line betting account. When I first started out I used to when I’d reached a certain goal of let’s say for example a £100 in profits, I would withdraw £15 and treat myself to a CD. That way I had something tangible to show for my profits and it made me view my on-line balance in a different way. As my betting grew and I became more successful that something tangible would become a holiday! Nothing better than sitting in the sun after it’s been paid for by the bookies!
So remember when you’ve had a good winner and your balance increases, that is REAL money and you need to pull it out and treat yourself. It may only take a few times and you’ll be amazed at how much you’ll view your betting balance and treat it as real money. It’ll also stop you having the tendency to gamble your money and as a result you’ll be utilizing one of the many useful skills it takes to be a profitable bettor.