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What is the Secret of Profiting from knowledge?
Pssst...! Wanna know a secret?

How about the secret of actually profiting from the knowledge you already have?

If you are a craps expert you should know all the craps odds, and how much every bet pays off. You should know the difference between the place, buy and come odds, all the prop and hardway odds, and exactly how much to place behind a passline bet at a 2X, 5X or 10X odds casino. If you know all this you really are an expert. But does all this knowledge you have guarantee that you will win most of the time you play? And if it doesn’t, what can you do with this knowledge to increase your win percentages?

Wanna know the secrets that craps pros use to profit from knowledge?

Let’s find out now how they do it!

If your doctor tells you to eat only bland foods, but you continue to eat steak, you have the knowledge but lack the discipline to follow through on your plans. Likewise, if you know the field is a bad bet, but you have a hunch so you bet it anyway - you also have knowledge but no discipline.

When I had my first (and last) heart attack, my doctor told me to cut down on red meat and fried foods, but it was real hard to do, especially with all those great casino buffets! Plus I got a lot of meals comped so I would rather eat a big juicy steak than a salad with no dressing. I had the knowledge but no discipline.

But I knew I would end up back at the doctors if I didn’t change my ways. So, I made a written and signed agreement with myself to eat only healthy foods. I kept a little card in my wallet, and whenever I ate out, I took it out and read it. The card reminded me to actually apply the knowledge I have about eating so I eat better and live longer.

So, when I bet stupidly at craps at least I was healthy! Then I got an idea. Why not make a little wallet card for my craps game?

My new card states that I will only make craps bets that have a vig of under 2%, and I will adhere to a 30% loss limit, and a 30% win goal. I signed it and laminated it and whenever I play craps I take it out to reaffirm my written agreement with myself.

This means that before I make any bet I will have a look at the card. If the point is six and everyone else bets on the hard six because it is "due," I will take out my card first, and read it and, not make the bet. No more hard ways, field bets, prop bets, C & E bets, or even Yo’s on the comeout! I was cured!

And, ever since I started using it, my winning sessions have increased dramatically. It certainly is a simple method to insure that my knowledge is applied to what I am doing by enforcing my discipline.

Your card could be different than mine because everyone has different win/loss limits and other playing requirements. But once you come up with one, take it with you when you play, and, stick to it! Why don’t you make yourself a "Knowledge Card" right now, before you forget?

Pssst...! Now you know the secret of profiting from knowledge!

If you want to know more about Larry Edell or read more articles visit http://www.TheCrapShooter.com
 
 
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