“I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches – representing all the investments that you got to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. Under those rules, you’d really think carefully about what you did, and you’d be forced to load up on what you’d really thought about. So you’d do so much better.”

            -Warren Buffett

“As Jesse Livermore said, ‘The big money is not in the buying and selling… but in the waiting.’”

“Success means being very patient, but aggressive when it’s time.”

            -Charlie Munger

Part One, Estimated Read Time: 10 Minutes

Drum roll please… The number one MMA betting mistake that people make is betting on too many fights.  It is that simple.  There are several reasons why betting too often is and will probably always be the number one MMA betting mistake, and we will explore them in this article.  It all comes down to two main topics: the human nature of the sports bettor and the misguided incentives for many of the parties involved in MMA betting.  First let’s take a look at why betting too often is the number one mistake.  And then we will examine how the individual issues contribute to the overall problem.

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