MrCricketTipster's Golden Rules To Make Money in Cricket Betting #2

Advise is the only thing that's free in the World. So I'm happy to give you more. In Rule #1 I told you not to gamble. Let's start with Rule #2.













#2 Understand The Power of Compounding

Everyone knows this trick. But when it comes to Gambling everyone THINKS they know this trick. Let dissect this into smaller pieces.

Set A Big Target
Who doesn't want to be a Millionaire! My target is a Million dollars. Set yourself a big target. Even if it is a Billion $ or a Gazillion $ doesn't matter.





Set A Reasonable Time Frame To Achieve It
You cannot achieve your Bazillion $ target in a day or a week. Set a reasonable time frame to achieve it.

I don't know what time frame is reasonable?
Toughest question with an easiest answer. You can never make more than 0.5-1% per day consistently. If you employ an over aggressive approach whatever you achieved in 5 days will be lost within 2 days.

You're joking right? 1% a day!!
Let's just take the blog's Bank as an example. I started with 100$ on September 12th. After 65 days I'm at 82$ profit.

If you make 1% a day profit in compound interest, it gets you 100% in 73 days. As 1 year generally has 365 days. You can do this 5 times a year.

100-200-400-800-1600-3200

In a year you can multiply your money 32 times just by looking at 1% profit a day. So my Million $ target can be achieved in 2 years and 9 months.

Okay! I got it now. So 1% a day, right?
No, not yet. You have just understood the mathematical side of it. While Gambling first check whether the bet you are taking is of any value. Employ a smart martingale to cover any unexpected losses quickly. Look at 0.5% or 0.25% a day. First identify a loss % which is acceptable for you. Otherwise all hell will break loose.

Start with a very small Bank like 100$ as I did. Invest only the money you can afford to lose.

Always do price fishing. Create accounts with multiple bookmakers. Split your purse. Find the best price and bet on that for extra returns. Every extra penny that you make will also compound.





Finally
If I can wait for my Million $ for nearly 3 years, then I have no issues waiting for one or two more extra years. Because I know I'm never gonna become a Millionaire by investing in any other instrument.

We'll see the Golden Rule #3 whenever I find time.