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On The Importance of Facing the Truth

The list of problems that don't have their roots in a fundamental misunderstanding of how things actually are is a short one. The other night I was playing poker, and one of the guys at the table was a really bad player who thought that he was really good. He and I played a hand where I surprised him and ended up winning. He was furious, threw his cards at me, and mumbled for hours about what a bad player I was.

I've certainly played hands poorly before and gotten lucky and won anyway, but this wasn't one of those times. I knew what he had, I knew what I had, I knew how much money was in the pot, I knew what my odds of catching the cards I needed to win were, and I could do the math to figure out that it was worthwhile for me to keep puting money in. All he knew was that he had better odds than me going into the last card, and I won anyway.

The guy proceeded to lose a thousand bucks or so, and I bet that this is a regular occurrence with him. I also bet he has no idea why he's lost thousands of dollars at poker. He probably just thinks that it's bad luck.

A few years ago I had an issue with reality as well. I thought: hey, I'm smart, smart people make lots of money, but I haven't made lots of money. The easy solution to that sort of disconnect is to ignore it or blame it on bad luck, but a better strategy is to examine each piece and figure out which one isn't true.

How I Made My First 1K Online

On No Status Quo

I was a teenager with way too much time on his hands. It was summer break and I had just finished middle school. I used to spend hours browsing the web mindlessly, which is something I still occasionally do. In one of my browsing sessions I decided to see if there was any way to make money online. I didn't want to get a job. After all, I was a teenager who was scared of having to do any kind of work. But I also thought that it would be nice to get some extra cash to buy a few more beers, or whatever else I thought would make me happy back then.

I knew almost nothing about making money online. A friend of mine had tried clicking on ads for a while, and that earned him less than a dollar per week. I wanted to know if there was anything more profitable, so I joined a forum about making money online. There were a lot of people who said that making money on the internet was impossible, and a few more who claimed to have easily made about $1000. I focused on the second group, and I soon found out that they had all made money from sports betting.

What? How is sports betting supposed to make you any money?

Even if there is a way to make money from gambling, there surely must be a lot of risk involved. That's what any reasonable person would think. However, I soon found out that it's possible to make money from bonuses that bookmakers give to their new customers without any risk. To keep a long story short, you bet on all outcomes of a sports event so that you're guaranteed to keep a fraction of the bonus no matter which team wins.

It took me a while to wrap my head around the concept, but once I did, it all made perfect sense. The only problem was that I was only 15, way bellow the legal age of gambling. And I had no credit card, of course. I still don't know what arguments I used, but I managed to convince my mother to give me one of her credit cards for matched betting.

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