Free money, or money for nothing is a big trick, but double your money is the biggest trick in the game. You can get free money and then double it would be the greatest trick in the game. Free money exists, don’t get me wrong. Double your money is also possible, so don’t get me wrong again.
Credit cards, pay day loans, unsecured loans are different forms of free money schemes with disastrous outcomes for most borrowers. I am speaking from experience. They can also be boosters for an entrepreneurs skilled enough in the game of gambling, taking risks, and doubling money.
The world appears to offer money in many ways and people appear to use money according to their mindsets. I remember being told by someone checking out an Instagram page that, give a poor person money and he comes back with cool new shoes, and you give a rich guy money and he comes back with some investments. I don’t know how universally applicable that is, but I do know one thing. Knowledge is king.
If you only know the Mall as the place to spend your money, then you can go ahead and spend it. If you now SportPesa to be the best way to spend your money, then you can go and spend it. If you know Tribeka Lounge to be the gateway to fun filled nights of spending your money then by all means, this is what you should. You are spending and it is a good thing.
However, I want to find out whether betting can be investing, or learning. I would like to beat the markets on a consistent basis, getting daily returns of 1%. That would be a return of 365% in a year. If that can happen, then I would have gone with the free money + double your money trick and inverted the con.
The reason I say its a con, is because, most of the time, people think irrationally and that is why no one who is betting is willing to settle for a x1.09 odd when he could try his luck for a x23 odd. Yes, having multiple bets could even give you x50, so that a small investment of ksh 50 bob nets a cool ksh 2500. Too bad, 9/10, there is always one team that fails to fulfill expectations and ends up making you lose.
Thus, the biggest and easiest trick in the game of conning people has been to promise great results for very easy investment. When another person has to put in Ksh 1 million to earn 100k in a year, (12 months of waiting), the football/soccer betting company is offering people a x50 return on their money in just a few hours. Go figure!