First of all I would like to address the elephant in the room - the fact that no one reads this blog anymore (minus probably one or two people). Because of that it has essentially became something of an internet journal for myself. Hopefully I can look back at all these trivialities when I'm living large in about seven years or so and have a nice chuckle. Back when things were simpler and decisions for the day were more "mcdonalds or jack in the box" rather than "ferrari or lamborghini". More about "quality over style" rather than "ballin out of control". But all of this is neither here nor there, just an aside I knew I had to address.
It brings me to the chutzpah of this entry. My new foray into sports speculating. First and foremost, it is very fun. Fun in the sense that it makes you feel alive, and makes you very interested in the proceedings of a particular set of events. Money augments all. That is the finer point to be made, and what really separates casual interests, things you thought you were very into, and things you have a financial interest in. It's hard to be excited about the Tigers Royals game in late May, but lets say the outcome of that game plays a role in netting you a 1200% return on your investment. I'm sure you'd care then. What I have been doing began as a simple bet on the Champions League Final where I took the "dog" (underdog) at a price of +290. That means that my $1.00 bet would give me $2.90 had it panned out. It didn't. And neither have any of my roughly five bets since. Yet I am not discouraged. Since then I have been wowed by the shocking return figures of parlays - and cannot stay away from them. I have created a google doc that allows me to compute the probabilities of what I choose to bet on, and via the multiplication rule you can see that parlays quickly become unlikely to pan out. It is someone comforting to me that the amounts I am now dealing with are never more than five dollars - I just enjoy the possibility of such high rates of return that I see, rather than an absolute dollar amount return. For me that is where the fun lie.
The only issue I have is that now I am doing this every day. Not only that, my quantity of bets made is strictly a function of how many games are played in a day, and if they are clustered in a manner that allows me to see the outcome of one parlay before I make another. I think my attitude regarding amounts wagered and how I get my enjoyment out of it make this a little more healthy of an event than it would first appear. More importantly, who knows? Maybe it will take me down a very dark path! That's why its exciting!
Stay tuned!
It brings me to the chutzpah of this entry. My new foray into sports speculating. First and foremost, it is very fun. Fun in the sense that it makes you feel alive, and makes you very interested in the proceedings of a particular set of events. Money augments all. That is the finer point to be made, and what really separates casual interests, things you thought you were very into, and things you have a financial interest in. It's hard to be excited about the Tigers Royals game in late May, but lets say the outcome of that game plays a role in netting you a 1200% return on your investment. I'm sure you'd care then. What I have been doing began as a simple bet on the Champions League Final where I took the "dog" (underdog) at a price of +290. That means that my $1.00 bet would give me $2.90 had it panned out. It didn't. And neither have any of my roughly five bets since. Yet I am not discouraged. Since then I have been wowed by the shocking return figures of parlays - and cannot stay away from them. I have created a google doc that allows me to compute the probabilities of what I choose to bet on, and via the multiplication rule you can see that parlays quickly become unlikely to pan out. It is someone comforting to me that the amounts I am now dealing with are never more than five dollars - I just enjoy the possibility of such high rates of return that I see, rather than an absolute dollar amount return. For me that is where the fun lie.
The only issue I have is that now I am doing this every day. Not only that, my quantity of bets made is strictly a function of how many games are played in a day, and if they are clustered in a manner that allows me to see the outcome of one parlay before I make another. I think my attitude regarding amounts wagered and how I get my enjoyment out of it make this a little more healthy of an event than it would first appear. More importantly, who knows? Maybe it will take me down a very dark path! That's why its exciting!
Stay tuned!
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