Friday, June 22, 2007

Are You A Hobby Lotto Player?






Are you a hobby lotto player - or a serious investor?

Did you know the difference isn't the amount of money you spend on lotto tickets? You could be a $20/game player, and still be a hobbyist.

The difference is in your attitude.

Hobby players:
- Play only when they feel good.
- Vary the amount of money they spend. Could be $5 one week, $30 the next.
- Don't stick to known facts, but play as the mood takes them.

Nothing wrong with that... After all, lotto is a fun game and should be played when you enjoy it.

But you're unlikely to get anywhere fast.

The secret is to change your perspective. Be a hard-nosed investor. Not only will it benefit your own games, but you'll find you attitude will spread to other parts of your life as well.

Once you realise that YOU have control over your money, you'll think more about how you spend it. You will spend less on frivolities and more on stuff that does you good.

As a serious lotto investor, you've got to realise several things...

1- Your investment won't always pay off. Just like the real world, you sometimes have to make a loss before a profit. Grin and bear it.

2- You MUST be consistent. Playing when you feel like it won't cut any mustard. Put money aside and play regularly.

3- Don't let emotion cloud your judgment. Sure, it's fun thinking about what you can buy with your Big Win, but don't get upset when you don't win some weeks . It's all part of the game... enjoy the day's draw, then start thinking about the next week.

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