My current “investment yield” in EURO 2008 is as follows:
Matches/ Gains or (loss)
Switzerland VS Czech Republic/ ($10)
Lost $10 at opening match to show my support for host country.
Austria VS Croatia/ $60
Won $60 when I placed a $100 bet against Croatia.
Germany VS Poland/ $38
Won $38 for supporting Germany!
France VS Romania/ ($50)
Lost $50 for believing in the French.
Spain VS Russia/ $ 32
Won $32 by placing a $50 bet to support Spain.
Gain for the week: 70/310 = 22.5%
I advocate my readers not to bet on soccer as the (SINGAPORE POOLS) odds are simply against the gambler! Though when possibilities (of winning) are in perspective, probabilities (of losing) get thrown out of sight!
It is likely I will not carry on betting on the EURO as the results are much tougher to predict relative to World Cup. I realized that the standard of the EURO teams that are playing are similar to World cup Semi finalist contenders. Score margins are pretty thin and the probabilities of draw matches become higher as the teams progress.
Although the amount I place for the bets are small, I am often too concern of the match outcome to sleep properly. I do wake up in the middle of the night (unplanned) to check the results and have difficulty sleeping thereafter.
In fact, I am down with a mild fever due to poor sleep. Hence, the capital outlay is not only monetary but also my health. Thus, I will now choose to keep my profits and eradicate my silly gambling habit to restore my mind and body.
I shall say NO to gambling for now!