Any more ideas on why we're putting ourselves through the wringer then? I'll outline my own personal thoughts, although I realise that everyone will have their own reasons.
The motivation for my gambling is essentially to generate an additional income at a rate of return that is superior to other, more conventional means of income generation. I have little faith in the capability of my pension, into which I seem to contribute an increasing level of funds each month, to pay for my old age. Nor the second property from which we receive rent but on which we must make a monthly mortgage payment. I have no wish to launch into a diatribe of a social commentary that ends with the conclusion that this country and all who sail in her are completely screwed, but my humble opinion is that this country and all who sail in her are completely screwed. I hate to say it, but the years of being able to rely on the State to provide for the individual are over. No longer can somebody gain employment at 18 or 21, be secure in their employment, pay their NI contributions or equivalent for 40 years and then retire at the age of 60 with a carriage clock and a trip to the Post Office each Wednesday to look forward to, to pick up their reward for all those years of catching the No.16 into work every day - ie. a comfortable living via the state pension.
No. Personal opinion only here, but to me, the only way forward is for the individual to make their own living and to seek out ways of paying for a comfortable future. And I came across running a portfolio of tipster services in a professional way and recognised the concept as having the potential to generate a healthy rate of return. Convention has it that with the potential for a higher return comes higher risk. But I would question this. Does my exploitation of others' (the tipsters) skill in choosing a horse or football team to win really present a hugely bigger risk than some anonymous Fund Manager with no indivual accountability or sense of duty to the investor sticking my money into what he perceives to be the share stars of the future? Property has been a winning investment for years, but returns over the last year or two have tailed off somewhat and with economic conditions as they are, could possibly take decades to start producing the goods again. So is gambling higher risk than these more conventional saving methods? Yes, I'm sure it is, but perhaps there isn't as wide a gap as there once was.
So, that's the basic premise upon which I started my own 'serious' gambling. However, there is more to it than that. There are also lifestyle issues to consider. Done properly, gambling has huge potential to be able to change the way a life is led. I do genuinely believe that it can open up opportunities to enjoy a way of life that conventional, 8.30 - 6.00 PAYE work cannot, and I don't mean flashy cars and loose women, more's the pity! Hard work, yes. But gambling seems to me to be more time efficient than being stuck in an office all day.
Banaz and Mark have made some exceptionally insightful comments after last night's post. Please do take time to read them if you haven't done so already. I couldn't agree more with what Banaz said and there are themes I would like to explore further next week and see exactly why having a plan (short, medium and long term) is so important on a personal level. Also, reading Mark's comment has cemented some ideas that I was beginning to formulate that will effect how I go towards achieving certain ambitions. I'm hopeful that others, further down the gambling road than myself, might chip in as we go along. I think there are plenty of us that would learn a lot if those folks with more experience - like Paul R. who also left a comment last night - were to do so.
To be continued.
A very quiet day again today, although The Market Examiner tried valiantly to liven it up a bit by wading in with six selections (one later declared a non-runner). A winner was found amongst them (Oh So Spicy - Yarmouth - 9/2...reduced to 3.825/1 after a rule 4 deduction) but a very small loss on the day.
Success for Northern Monkey (Midnight Rider - Yarmouth - 100/30) from their one tip, albeit to a small stake.
Winning Racing Tips went for two in the same race. One unplaced and the other second (Badea - Haydock - 8/1).
Thursday 4th August: Staked £137, -£10.63.
August to date: Staked £573, +£86.92, roi 15.16%.
Running total (inc. fees): -£221.88, roi -2.83%.
Bollocks! Forgot the lottery numbers. Someone remind me tomorrow, will you?