If You Gamble, Do It in DraftKings – Not Your Brokerage Accounts
How to avoid a "betting mentality" in the world of stocks ...
Amon-Ra St. Brown can name each of the 16 wide receivers selected before him during the 2021 NFL Draft.
Projected as a second-round or third-round pick – but not hearing his name called until Round 4 by the Detroit Lions – he uses those player names as motivational “fuel.”
“The draft experience was 💩ty,” he said in the interview below.
With that chip-on-his shoulder mindset, St. Brown set out to prove the teams passing on him made a mistake.
The stats say he’s achieving his goal.
He had an impressive rookie campaign in 2021 and put a fine point on the case he is making with an absolutely dominant season in 2023.
His 1,515 receiving yards last year bettered any receiver from that 2021 draft class; those stats also ranked him third in the entire NFL.
I didn’t follow St. Brown when he played college ball at the University of Southern California (USC) to have an early preview of what he could do in the pros. But when he hit the gridiron – and I saw what he could do – I quickly became a fan.
So in January, when I saw a bet on DraftKings Sportsbook that paid out if the Lions defeated the Tampa Bay Buccaneers in the divisional playoffs and St. Brown scored a touchdown, I placed a wager.
Tampa Bay ranked near the bottom of the league in defense, while the Lions owned one of the top offenses in the NFL. I liked them to win that game, and with St. Brown as quarterback Jared Goff’s favorite target, I also liked the chances of the no-longer overlooked receiver finding the end zone.
The bet “hit,” with the Lions winning 31-23 and St. Brown scoring a touchdown with less than seven minutes (a true nail-biter with any amount of money on the line) left in the game.
It wasn’t enough money to fill up my Toyota Tacoma more than once, but it’s fun to make a prediction and get paid when it comes true.
The important word here is “fun.”
Keeping it in perspective … doing it in moderation … using it as entertainment … and only waging money I could afford – and was willing – to lose.
On a sports-betting platform, that’s fine.
But over the last few years, Bill Patalon, Chief Stock Picker of Stock Picker’s Corner (SPC), has witnessed a “gambling mentality” bleed into the investing world.
A mentality that leads to a certain type of “investment” that can sentence you to the worst fate of all – becoming a Wealth Killer.
It already cost retail investors more than $3 billion from January 2010 to February 2021, and we don’t want you to be included in those numbers in new case studies.
So to stay on the path of being a Wealth Builder, you can see Bill’s free report here.
We’ll see you tomorrow,
