Originally Posted by
StackinGreen
It's just like everything else in life, you have to be on an even keel. Thus, you have to "have money to make money". Oh, and by the way, you have to actually have a knack for a sport, and know which sports you either can't handicap well, or aren't interested in (mostly it's all of the above). One has to realize that a guy like this is into sports betting because he was a competitive player, likely a good athlete, and competed at high levels. The worst bettors are going to be the high school has-beens who aren't all that smart. They think they were good athletes - and may have been good, but overestimate themselves. Not having good insight, they think they can compete in a game that is far more about mathematics and probability, management (of yourself and money), and much less with "understanding sport X". I can tell you, most people, and I have been watching friends for years, are afraid to bet dogs. That's the first hurdle, but it usually means in other ways you have arrived. I'd have to sit down and talk to someone in order to assess that, though.
The more important part of my post is this: the way to channel the energy of competitiveness and ego, which creates the problems and demise, is to actually be aware that you must humble yourself, in some way. A way to do this is to be good at what you do, and know that you are, and also have a common group of friends that knows you are. If you can accomplish this, the money part isn't as big of a deal (lessening the likelihood to fall into "money problems"), the challenge is, and the success will feed your ego. Of course, if you are an achiever outside of the realm of sports and gambling, this is much easier to do.