My friend asked me:
“How can I become a millionaire by following bets?”
“It is very unlikely that you will become a millionaire with my bets or by following anyone’s else bets”
His question was my motivation to write this, because a lot of people create an illusion, that they will follow someone and that they will become a millionaire.
I am not talking only about sports betting but in general.
On October 6th, 2017 I decided, that I will take some of my bitcoins and I will start betting with them.
The idea was to make a profit in the next years (in other words – create more bitcoins, than I already have), but at the same time I hope, that bitcoins will help me with the growth.
The bitcoin was $4,400 back then and right now you can check Today’s BTC price here.
It was a good decision and I think that this is not the end.
I don’t have any influence on the bitcoin raise, but I try to focus on my sports betting skills.
Because of all this, many friends wanted to start betting. Of course, this was not pure love for betting or the numbers, but simply the dream about the money.
A lot of people love the results, but not the process.
But let’s talk about millionaires, because this was the main motivation
Who are they, what do they do differently and how can we apply this to our betting world?
First, we must exclude people who were born in rich families and we will exclude people who won a lottery.
I think this makes sense.
There are some people who invested smart, but this is also another topic and they probably worked hard before they invested in something.
Most of those rich people that didn’t work much in their lives are lucky (or unlucky), because they were born rich.
But usually, those people are soft and a lot of times they can not hold this money forever.
This statement is not made by me, but there were a couple of researches about this topic.
According to the Williams Group wealth consultancy research, 70% of wealthy families lose their wealth by the second generation, and 90% by the third.
So, it is NOT about how much money you have when you are born and it is a known fact, that lot of millionaires started from nothing.
A lot of them are even without formal education. That doesn’t mean, that they don’t work hard or that they don’t invest in their knowledge, but to become a millionaire you don’t need to be born in a rich family or have a formal education.
Most of us are in the second group and we don’t have parents, that are already millionaires. Despite that, I think that we are very lucky because we live in a time when becoming a millionaire is much easier than in the past.
Thomas C. Corley spent five years researching the lives and habits of 177 self-made millionaires and he said:
“From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life”
He also found, that millionaires don’t follow the herd:
“We so desire to blend in, to acclimate to society, to be a part of the herd, that we will do almost anything to avoid standing out in a crowd….failure to separate yourself from the herd is why most people never achieve success….You want to separate yourself from the herd, create your own herd, and then get others to join it.”
Patterns about herd are everywhere
- Cristiano Ronaldo and his fans
- Kim Kardashian and her followers
- Justin Bieber and his fans
- Elon Musk and his followers …
On the left side, we have millionaires and on the right side, we have followers.
On the left side, we have CREATORS and on the right side, we have CONSUMERS.
Tell me now if you know ONE follower, who became a millionaire just by blindly following someone. I don’t know anyone and if there is someone, they are in a tiny minority.
All those millionaires have a couple of things in common: They work hard.
Cristiano Ronaldo is first at training and he always tries to be better than others.
They focus on their work. They don’t blindly follow other people. They don’t even have time to bother with other people’s lives and rather spend this extra time on what they love.
They do something that they love and with a lot of passion They don’t look for shortcuts in their lives and they don’t focus on money
They are wolves.
And to become a millionaire you must become a wolf first. If you are a sheep you will not become a millionaire.
If you focus on your work, your passion, and not only on the money, you are potentially a WOLF.
If you focus only on money and if you believe that someone will make you rich, you are wrong.
If you think, that you will work 10 minutes per day or just follow some advice for 10 minutes per day and you will have millions in the next 5 years you are wrong.
This is not going to happen.
If this would be so easy, I would be already a billionaire ten times.
But my focus is not millions, but something else.
I don’t care about fancy cars, fancy clothes and most millionaires don’t care about that stuff either.
Only if you are a Kim Kardashian, but this is her profession anyway. What I care about is my work, passion, and effort. I try to stay motivated every day and I try to do what I love.
Money is just the side product of all this.
But being a follower is not necessarily a bad thing if you do it right and this is why we also must separate followers into two groups:
Sheep followers and smart followers.
Sheep followers focus on money and when they see some successful people, they want to do exactly the same thing, not because this is the passion, but because they see the money. They will blindly follow steps, but they will never put a lot of effort, passion, or work into it. In sports betting that kind of followers is everywhere. They are just looking for someone’s picks, so they can win by doing nothing that has to do with actual betting and analyzing the games.
The second group is smart followers. All successful people are smart followers too.
They try to connect with smart people, they try to receive their advice, they try to learn from the best and they follow someone to become better.
I believe, that I am such a follower. I follow a couple of guys. But I am not focusing on their money, I also don’t want to do exactly the same things.
I don’t want run a marketing agency, just because Gary Vaynerchuk does and he has a lot of money.
That would be crazy because this is not my passion. What I like is his energy, his advice about success, and my motivation is always to learn. After all, if you go to school, you are some kind of smart follower.
This is the difference between sheep followers and smart followers.
Smart followers will try to focus on what they love and for them, it is more important how they make money than how much they make.
I try to live by this principle.
I love sports betting, I love researching games, I love writing about sports betting, I like everything around sports betting, technology, bitcoins, and other stuff connected with it and this is basically what I do the whole day, every day.
Being a sheep follower in sports betting will lead to big disappointment
I am connected with sports bettors all over the World for the last 20 years with all ups and downs.
During all these years, I went through hell and I was even doing some jobs, that I didn’t like, but I was also connected whole this time with a lot of sports bettors all around the world. And I can guarantee you, that 99.99% of people that follow other people’s sports picks are very disappointed at the end.
I never said, that there are no good handicappers out there.
In fact, I think that there are many great handicappers out there, that work hard, are very smart, and make a living from betting on sport.
I am not talking about this.
I am talking about being a sheep follower, which has only one goal – MONEY. Without any effort, without any passion to researching games, analyzing games, watching games,….
I believe, that if you are a follower your whole life, you will not become a millionaire. And I also believe, that if you follow other people’s picks you will not become a millionaire in sports betting.
It is a general problem in the sports betting world.
The sports betting world has changed and following other people’s picks is almost not possible anymore.
Bookmakers are smarter and smarter now, they can change the odds every second, and the odds, that you get, are the prices, that you pay. Betting on the wrong price can lead to a loss. Betting 5 minutes later can lead to a loss.
And now include the cost of monthly service too.
After my bets, bookmakers drop the odds immediately. I intentionally take the odds from one of my basketball leagues. Bookmakers are very smart and they will drop the odds. The odds are dropped a lot of times during the day and if I bet for myself, I can get the odds of 2.00. If you follow my bets, you can easily get the odds of only 1.90. This is happening all the time. If you are too late, you will probably get bad odds. Of course, there are bettors that beat closing lines, but if they beat closing lines and if they bet last minutes on those games, for example, can you open email and bet in the same minute? I don’t think so.
Your results will never be the same, than mine or theirs.
So, let’s take an example of how much money you lose if you get the odds of 1.90 instead of mine 2.00 if you follow me for some time and on a little bit bigger sample size.
As you see, we can have exactly the same results, play the same games, but because I will bet for myself first and then you will be late, you will get much lower odds and it can happen, that you make a loss and I will make a profit on yield of 4%. Most bettors (that small percentage of all bettors in the world) that make a profit will not make a yield of more than 3-5% in the long run.
If I succeed and if I make a profit in the next couple of years, you will probably lose your money, if you will blindly follow my bets.
This is something that most handicappers and betting services will not tell you and most bettors still don’t get it. It is a general problem in the sports betting world. Not to mention limiting players, bans from bookmakers, country restrictions, different time zones, and impossible to follow every single bet.
Because of that, I think that the first step into the world of successful sports betting is the right mindset.
Being a sheep will not make you a millionaire. Not in sports betting not in any other area.
Based on my observation, we have 3 types of people involved in the sports betting world, plus we have bookmakers.
Bookmakers run the show. They will take 98% of all cake and we can call them LIONS. They take what they want, when they are hungry, they eat a sheep and nobody can do anything about this. There will be always enough sheep for them.
Those are bettors, betting sites and betting services, who take small part of this cake too. Wolves don’t want to be sheep followers, they are smarter, they learn, they work hard, they improve, they update their knowledge, they make a business around sports betting and they usually focus on their own work (like millionaires).
If they follow someone, they follow smart people, they learn, they improve things, but always because they want to become better and not because they bet something that they don’t even understand.
Sports betting, researching games is their passion too. In the end, they take their part of the cake too and some of them can become a millionaire. Not by following other people’s work, but because they worked hard.
Then we have hyenas. Those are people, that don’t have enough knowledge or skills to bet. When you see people, that start conversation like: “I have 100% fixed game” “I have guaranteed play of the year” “I will make you rich”, “We are 23-7 MLB run…”… you know, they are hyenas.
Nobody will make you rich, except you and only you. With your hard work, the right attitude, good habits, and your knowledge. It is up to you how you will get this knowledge, but the fact is that nobody will make you rich. To promise someone, that he will win big or get rich quickly is a “hyena thing”.
They also don’t put a lot of effort when it comes to sports betting. Usually, they sell some fixed games, they sell unrealistic dreams and they will find some victims for sure. They usually spend 80% of their time for marketing, hunting victims on social media, and selling them unrealistic dreams. Being a hyena in the sports betting world is an insult for me.
And then we have sheep. They are fucked by all. Lions attract them and they will eat them, whenever they want. Lions run the show and they have how many sheep they want. There will be always enough sheep for them.
Wolves will fight with lions, some of them will also eat sheep when they need it. In the end, wolves will get a piece of sports betting cake too. But with a lot of fight, hard work, and effort.
And there are also hyenas who will eat the weakest sheep of all sheep. We all despise hyenas, but they will always find some sheep too.
In the end, sheep is always the one who is eaten by all others.
And sheep are people who want to become rich quickly in sports betting by following others without any effort.
Those are people, that create an illusion that someone will make them rich.
Usually, they jump from site to site.
They expect, that there is someone, who will make all the work for them and if possible for free.
many times, they are angry when they lose and they blame everyone for their loss. They blame players because they didn’t play well, they blame their betting advisor, because he didn’t give them a winner. But they never blame themselves.
They simply don’t understand the fundamental thing – there is no such thing like overnight success and success without your own effort.
There is no such thing in sports betting, where you will follow someone for 5 minutes, and then you will become a millionaire.
The main focus by sheep in sports betting is usually just money. They want to make money, but they want to be just followers and they believe, that someone else will make the job for them.
I don’t say, that If you are betting just for fun, that this is wrong – this can be great entertainment. I think, that betting small and then watching a game with your friends can be very exciting. Some people spend money for drugs, and I think it is nothing wrong if someone else bet money, that he can afford, just for fun.
But I will also say always, that if you bet for excitement only, then you don’t need to follow anyone.
Think about this!!!
The beauty of “RECREATIONAL sports betting” is that you make your own bets and then brag about yourself when you win in front of your friends. Even if you make bets just because of fun, satisfaction is much bigger if you make bets on your own.
It is ridiculous when I see people going to Las Vegas to have fun for three days and then they pay for betting picks, so they can follow.
This is total nonsense.
Nobody can guarantee you that you will win exactly this weekend or in the next 3 games. It is just gambling in a very short period.
Why would you pay for such advice?
Just gamble for yourself and have fun, if you don’t take betting seriously.
Maybe you win, maybe you lose, but at the end of the day, you will have a great time.
There might be some betting services that make a profit and they are even so good, that you can make some profit too if you pay for their service.
But if you include all problems that you will face when you follow someone, it is not worth it.
Sports betting has changed and it is not like other investment funds, because there are limits.
Nobody can bet for you.
Sometimes I can not bet 0.05 bitcoins, sometimes I can not bet 500 EUR, because bookmakers will simply not allow me to bet this amount of money.
So, it is not possible that 100 people give money to one person and then he makes the same bets, at the same time of the day, for the same price.
It is simply not possible.
You need to bet for yourself. And the fact is that 97% of people lose all the time and most bettors in the world are sheep, who are just focusing on other people’s work.
And most people in general, not only in sports betting would like to have millions, but they don’t want to work for it. They focus on money, not on their work, knowledge, effort, and passion.
And I think this is the wrong focus.
Because of that, I think that the only way to make a profit in the long run in sports betting is to become a wolf.
This is the first step, that must happen in our heads.
Some wolves will not survive, but at least they tried, they worked hard and they put all the effort. After all, even if you open a restaurant and you give 100% it is possible that you lose. But at least you are a wolf.
I believe, that anyone can be a wolf.
The only people involved in sports betting that I despise are hyenas.
We ALL were sheep at some point in our lives, but I believe, that you can turn from a sheep follower to a smart follower and later into a wolf.
Smart followers will not blindly follow other people’s picks.
After all, I explained why it is so hard to follow someone’s picks these days.
And if we go back to the question from my friend.
He has a completely wrong focus.
If you want to become a millionaire, you simply wake up in the morning and work. You simply put a lot of effort in something, that you love.
Then you have a chance.
You must be a smart follower, turn into a creator, and not be consumed your whole life.
Money goes from consumers to creators. This is the rule of the universe.
It is no different from sports betting.
If you want to make money and millions, you will work, you will fight, you will study.
You will not follow the herd, but you will try to find your way and start writing your own success story.
You will find people, that will give you some value, so you can learn from them and you will understand, that sports betting is not easy.
You will understand that sports betting is run by lions. You will understand, that even if you are a wolf, there is a chance that you will not succeed, but you will also understand, that if you are a wolf, you have a chance. And you will understand, that if you are a sheep, you will be fucked by all of them and you don’t have any chance at all.
And everything starts with the right mindset and turns from a sheep follower to a smart follower and later to a wolf.
Good bets, money, and everything else will come later if you will start with the right mindset.
Lions, wolves, and hyenas will not turn sheep into the winners. Sheep must turn themselves first into wolves and then they can start dreaming about millions.