Some good information here. The good thing about this site: The numbers don't lie.
This weekend has been pretty awful for me. One of the biggest reasons why I would tell anyone NOT to sell picks or at least give it some serious thought: The swings are bad enough without having clients to worry about.
Having a business to run that relies on its performance is a lot of added stress to a stressful activity as it is. I feel it does keep me on edge which is a good thing, but it can also lead to making mistakes if you aren't careful.
I have the occasional email from a client when I'm running bad, but haven't received anything totally malicious from any of them. I'm in an understanding that they're essentially handing over the wheel to me helping their account grow upward, and if they aren't seeing that then they won't be happy long.
For those that sell picks here, you know what I mean when I say that there's two kind of people that buy your picks: The gamblers and the investors. Investors know that bad runs will happen and will be ok with it as long as you have long-term results. It is a grind, and oftentimes a punishing one, but those who've been betting on sports for a long time know that your luck will turn around for the better soon. Gamblers are an emotional roller-coaster.
I'll use my favorite stock market analogy again. If you bought into a stock do you expect for the market to go up every single day? Absolutely not. Losing 2% of your investment in one day hurts, but its not the end of the world. Somehow in sportsbetting this doesn't cross over in the gambler's psyche where every bump along the road sends them into a tizzy.
Being a tipster is more than giving out winners consistently. It is being a coach for your clients- not only telling them what to bet, but how to bet, when to bet, where to bet it, and why. All of us start out as gamblers at one point. I also used to crash and burn consistently until I developed a winning system. The psychological aspect of sports betting is no less important than the mechanics.
Some gamblers will never get over their emotional swings. There's nothing you can do for these sort of people. Its important to not fret over these customers because if you are a winner, there are others that are good investors out there and want to learn from you. If you can convince your gambler clientele to leave their losing ways and follow you, then you just passed one of the hardest hurdles to keeping customers returning for more.