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How To Do Everything Right

On Tynan

I actually found this on boingboing.net. I shouldn't even post their name since they're one of the few big aggregating sites that has never run one of my articles. But hey, when they've got a good article, they've got a good article.

They posted This MP3 about how to always do the right thing. It's brilliant. I've actually been wanting to write a post to that effect, but the speaker, Dan Gilbert, did a much better job than I would have.

The essence of the speech is that EV is king. EV is expected value, a term used commonly in the gambling world. I would explain what it is, but if you listen to the lecture you will have a better understanding and then I won't have to type as much.

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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