Millionaire Mindset

Danny Boy Murphy has yet more questions, but the answers to all can be found either in this blog or the XX Draws prospectus, and many of his questions are based on nothing more than a vivid imagination. I do not pay 60% in Super Premium Charges for example, and some of the assumptions about Elo ratings show either that he has not read much of what I have previously written or that what he has read has either been misunderstood or failed to sink in.

In a second comment though, he does make me realise how valuable a resource this blog is:

Cassini (or perhaps Ian) - why should I pay for Ian's course when everything needed for the 'Millionaire Mindset' is available for free on this terrific blog?

If you do delve on here there are a lot of nuggets to be had (not to be confused with the Nugget Crew). Eighty percent is complete bull**** of course but the remaining twenty is gold.

I suggest, and apologies to Ian here, that Danny and others save their money by skipping Ian's workshop, and take two days out of your lives to read through this blog from Day One. There certainly are some gold nuggets contained within. Please use the "Green Fees Optional" Donate button with a suggested donation amount of £195. Thank you in advance.

Danny continues:

I wonder what Thomas Bayes would make of Ian's course? What is the probabilistic chance Ian can give me the 'Millionaire Mindset' I so crave?

From the evidence I have seen so far, I would have to say that the chances are slim to none. Making money from sports investing requires first and foremost discipline, be that in your approach to research, your staking methods, or your reaction to wins and losses. The people I know who have achieved some success in this field all seem to have this quality.

Peter Nordsted is very diligent with his activities, taking a very professional approach. Ian Erskine has a disciplined approach both to his betting and his members, and not everyone could organise a workshop tour.

The other thing is that successful people tend to be more positive. You could argue that it's a lot easier to be positive when you have achieved some success, however modest, but I think that earned success (as opposed to winning the lottery for example) is often the result of a positive attitude rather than the cause.

I'm not sure I understand fully the negative attitude that so many people seem to have towards others who manage to be relatively successful.

Envy is obviously part of it, (I am a little envious of Ian's £1.4million for example), but I would rather use that envy in a positive way, a benchmark for what can be achieved, and as an incentive to keep moving forward and improving my strategies, than use it in a negative way, by spending hours writing comments suggesting the numbers are made up, that Elo ratings don't work, that workshops are a waste of time etc.

Not picking on Danny specifically, since there are many others like him, but I think that until your attitude changes from negative to positive, you will never have the mindset needed to be successful.

The anonymous nature of blog comments and forum postings is also a factor, and you see this negative effect on the latter all the time. If two people post opposing views on an outcome, the losing prediction is derided and ridiculed far more than the successful one is lauded. It's human nature I guess, but whether you agree with the strategies of the likes of Peter or Ian, you should at least learn something about the process they follow to get there, and from their attitudes to adversity.

There's Nothing Easy Here

For example, and I hope Peter won't mind me mentioning this, but right now his baseball system is having a torrid time.

Peter wrote:

Once again this spell does not seem to shake off.

I am now looking at Grading the sides similar to what I do at Premier Betting and adding some more information to the spreadsheet to see if any further trends can be found.

I want to explore every avenue as I have never experienced a run like this in a sport that has only 2 outcomes.

Now personally, and I have told Peter this, I don't agree that baseball teams can be graded in the same way as football teams can, because of the importance of the starting pitcher, but the point I want to make is that when facing adversity, Peter first of all accepts the bad run, and secondly explains constructively what he plans to do about it.

Another example is Danny's comment above about the worth of this blog - "Eighty percent is complete bull**** of course but the remaining twenty is gold".

That may be meant as a derisory comment but there have been 1,560 posts since day one which means that even by Danny's negative calculation some 312 are gold. I'll take that. Of course, I suspect that the 80% number was made up on the spot, as are 97.312% of such quoted statistics...