Bet You Can
Against all the odds Leicester City were crowned as Primer League champions this month. But what were the odds, well some lucky fans had been able to secure odds of 5,000-1 at the start of the season. Does this really mean that their chances of winning were actually that unlikely? Not really, in fact the bookmakers have lost millions of pounds as a result of Leicester winning, whereas normally they do well when underdogs win because fewer people bet on them in the first place. The bookmakers laid odds the way they did to encourage more people to bet, because the Premier League has become so predictable (you can choose a winner from 4 clubs most years) fewer fans were betting on their team at odds of 500-1.
It is of course an outstanding achievement, which will go down in sporting annuals, demonstrating what is possible without bottomless pockets. I am particularly pleased for Claudio Ranieri who was moved on from Chelsea in 2004 not long after Roman Abramovich bought the club. It was Ranieri who signed Frank Lampard and who helped to nurture John Terry.
Betting isn’t limited to football and casinos of course, financial institutions engage in it too. Your house insurance policy is technically a bet with the insurance company that your house will not burn down. If it does the insurance company pays you; and of course what is different here is the presumption that you don’t want to “win”, you do not want your house to burn down. The collapse of Barings bank in 1995 was precipitated by bank employee, Nick Leeson, betting on the Japanese stock market, in an attempt to recover losses made by a co-worker. Things quickly spiralled out of control and the Kobe earthquake in January 1995 sent the Japanese market down and sealed Leeson’s and Barings’ fate. Many factors contributed to the financial crash of 2008, one of which was that people were betting on the housing market going up and up, and sometimes what goes up must come down. But I am sure lessons have been learnt from all of this and banks aren’t engaged in taking unnecessary risks today, right?
Personally I’m not much of a betting man; I always thought that if bookmakers make a business out of taking bets then they must know something that I don’t. The same thing with casinos. I’ve been to Las Vegas, the hotels are plush and if you are gambling on the machines waitresses keep bringing you free drinks. I guess that they want you to carry on playing the machines, they must know something that I don’t.
I prefer backing something that I know more about. I will bet on your ability to achieve what you want to achieve. If you follow the processes within Neuro Linguistic Programming (NLP) then you can achieve what you want. First of all you have to know what you want. What is it that really makes you happy? When do you feel the most you? When do you feel the most alive? What excites you the most? Then what you need to do, is to take action towards what you want, and to keep on doing that. As you do, deal with the challenges that will inevitably crop up. These occur to allow you to grow into the person that you want to be. Maintain your motivation, keep doing the things which excite you the most. Then you will achieve what want. It really is that simple. There are techniques in NLP that can help you to clear blockages or negativity in your thinking and all of that helps too. At the end of day, life doesn’t need to be a game of two halves, or a relegation dog fight and don’t need to rely on it all balancing out at the end of the season. Stop leaving life to chance, take control now, because I know, that even if you don’t have a cultured left foot, you can still hit the target from where you are, I bet you can!
“Success is no accident. Its hard work, perseverance, learning, studying, sacrifice, and most of all love of what you are doing or learning to do.” Pele