Kyle was 21 (2019) when he began betting on Sports two years ago. He started off with a few bets of $50 and as he won so did the size of his bets. One bet he had was on the Waratahs to beat the Crusaders in Super Rugby at home. The Crusaders had never lost at home for a couple of seasons. The match was drawn and he still made a tidy profit.
When his account reached $1,000, I told him it may be an idea to take the money and start over but he ignored that.
Here is where he was really making money. He then started betting on football matches. He would wait until there was 5 minutes to play then bet all of his money on the team leading by 2 goals. These teams were paying $1.01 or so and he kept on reinvesting the money and thus turning it over. That is, as soon as one game ended he would put it on another game.
Every Time I saw him he would say "My account has now got 6k in it (or whatever)"
I expected him to tell me that he lost the whole lot but that never occurred. His biggest bet was 16k
I think few people have that kind of nerve.
Kyle worked part time at a petrol station. His workmates were aware of his success with sports betting and he was getting advice from them. When his betting account reached 6k someone suggested he can use that as a deposit on a car. To me that is the most stupidiest piece of advice he can receive, one which he had the sense to ignore because if he followed that kind of advice, his betting capital would have been gone and he would be in debt. It is no wonder some people have no money.
It certainly is a fact that if you make too many people aware of what you are doing you will receive all kinds of advice.
Kyle invested the money in fixed term investments while keeping enough in his account to keep his betting going.
When his account reached $1,000, I told him it may be an idea to take the money and start over but he ignored that.
Here is where he was really making money. He then started betting on football matches. He would wait until there was 5 minutes to play then bet all of his money on the team leading by 2 goals. These teams were paying $1.01 or so and he kept on reinvesting the money and thus turning it over. That is, as soon as one game ended he would put it on another game.
Every Time I saw him he would say "My account has now got 6k in it (or whatever)"
I expected him to tell me that he lost the whole lot but that never occurred. His biggest bet was 16k
I think few people have that kind of nerve.
Kyle worked part time at a petrol station. His workmates were aware of his success with sports betting and he was getting advice from them. When his betting account reached 6k someone suggested he can use that as a deposit on a car. To me that is the most stupidiest piece of advice he can receive, one which he had the sense to ignore because if he followed that kind of advice, his betting capital would have been gone and he would be in debt. It is no wonder some people have no money.
It certainly is a fact that if you make too many people aware of what you are doing you will receive all kinds of advice.
Kyle invested the money in fixed term investments while keeping enough in his account to keep his betting going.
