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Back to listsThe Succesful Story Of Two Ordinary Gambler
By Iron Man | 25-Apr-2020"Success doesn't just come from pen and paper"
If you have a whole plate of fruits, would you bother to share some pieces with your friends?
The story based on this simple "sharing" principle.
It is a very good example of two ordinary punters who receive a lot more than our so-called success stories.
This is the story of my two middle class friends, who lost lakhs of rupees in racing, then tried hard to quit racing but they failed in that too
They understood that they could not earn 100% profit by beating the bookies all the time. But they can save at least 85% of their losses from bookies, and can reduced losses from 100% to 15%
They introduced only 3 rules in their betting strategy and changed their fortune forever.
It inspires me a lot;
Rule 1) First, they deposit 2 lakh rupees (one lakh each) in a jewelery scheme (by the jewellery shop), promising them a 9% annual interest rate on the deposit.
2) second thing(laying each others betting)-
They start taking opposite betting with each other.(skipping bookies).They decided that no one will play bet more than 20,000 per race with each other.
3) At the end of the day, whoever receives the highest amount will only take a 15% margin and give the remaining amount to the unlucky player.
For example if A lost 20k means that B has money, then at the end of the day, according to the rule (or race), B only takes 15% as a cut and the remaining money is given to an unlucky player.
In this case both are not doing any harm. The person who takes 15% as margin can spend that money whatever way he wants,And even the unlucky player can spend his daily life from rest of 85% cash and come back to race the next day
And due to uncertainty in racing, no one ever gains or loses, so the money passes through both hands continuously until they not stop to play.
In case of longer odds like 10/1 to 15/1 second player have the option of placing half bets or sharing with bookies to balance his cash.
suppose A played 10k in 10/1 odds and won the race (means total 1 lakh). .. But in that case B will only have to pay 15% (about 15k) of that amount. And yet B still has 5k left.
Player A can suffer a loss of 75k, but this rule may also help him in the next race.It is always a win-win situation for both players.
3) Then after the end of the year they calculate who earns more and who loses, then from their deposit of 2 lakhs the amount of interest is given to that player as compensation prize.. (Like around 20k)
(Meaning no one loser at bigger picture)
According to them ,It is a full proof method since the last 10 years.
Surely,this strategy won't give them a car and a bungalow..but give them dignity as a player, share prize money, save them from bankruptcy, and money stress, they can spend their time with family and friends, and they can enjoy their races like no one ever.