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Playing The Odds – Network Marketing vs Card Counting

Playing The OddsPlaying The Odds – Network Marketing vs Card Counting

I’ve mentioned in previous blog posts exactly WHY you need to follow the system that your MLM company has put in place. In short, it’s because “ A system is a process of predictably achieving a goal. It is what takes the chance and trial-and-error out of a project. Systems permit ordinary people to achieve extraordinary results predictably. But without a system, even extraordinary people struggle to achieve even ordinary results.”

Now, if you’re like me and my wife, you may have tried to follow the system for a little while, not gotten any results, and then decided to do your own thing because the first 5 people you presented to all said no.

Deciding that your MLM company’s system doesn’t work after only 5 or 10 or even 20 presentations is not a good way to measure its effectiveness. And here’s a little story to illustrate my point…

Let me tell you a little bit about my Dad…

Even when I was a know-it-all teenager, I always saw him as a very smart and clever man. He loved learning new things…especially new things that could make him some money. One of the things he learned was how to count cards in Blackjack. It’s a skill he taught me that actually partially financed my college education.

But here’s the thing about counting cards in Blackjack…*NEWSFLASH* It’s NOT like what you see in the movies. Counting cards does not give you a magical ability to know exactly which card is going to come out of the deck next, and you DON’T need to be a math genius to do it. Rather, it’s a method of quickly and simply calculating the odds of a high or low value card being played next.

The higher the count, the more high value cards are left in the deck, and the higher the chance of a 10 or Ace being played. The lower the count, the more low value cards are left in the deck, and the higher the chance of a 9 or lower value card being played.

So with that kind of information, a skilled Blackjack player can ever-so-slightly (and I do mean slightly) tip the odds in his favor. Statistically, (with the right betting strategy) you can gain as much as a 2.5% advantage over the casino, which means that for every $100 you bet, ON AVERAGE, you will win about $2.50. And that’s if you find a Blackjack game with fewer decks (1 or 2 decks only) and the right rules (dealer stands on soft 17, etc.). Most of the time, you’re only going to get about a 1% to 1.5% advantage over the casino.

So here’s the thing…

Making Money Counting Cards in Blackjack is Grueling, Boring, Tedious Work…

Playing at an average pace and betting between $5 and $35 per hand, you are only going to make somewhere around $5-$8/hour counting cards. Not only that, but you aren’t even going to win every time. You might lose every night for several nights in a row before you even have one winning night.

I’ve had streaks where I would lose $300, then $150, then $250, then $300…but then win $100, lose $50, win $350, lose $100, and so on. It might take me several weeks just to come out ahead a few hundred dollars.

Did I win every time? Nope. Does anyone who counts cards win every time? Absolutely not. We all have our winning streaks and we all have our losing streaks. But every good card counter knows that as long as you stick to the system, you will eventually come out ahead…but it takes many, many, MANY hours of play and you can never predict when or how much you’re going to win or lose on any given night.

So What Does All This Have To Do With Network Marketing?

Just as in counting cards in Blackjack, you are PLAYING THE ODDS when you follow the system with your MLM company. Except your odds with your MLM company will typically give you 1 to 3 sign ups out of every 10 people you present to, which gives you 10% to 30% win average. Compare that to the best-case-scenario 2.5% you get counting cards in Blackjack.

And just like in Blackjack, you will have your losing streaks and you will have your winning streaks. You may present to 100 people and get no sign ups, just like you may count cards at Blackjack and lose every night for two weeks straight.

And in both cases, if you want to guarantee that you make money at it, you need to consistently follow the system over an extended period of time. Quitting is the one sure way of never making a profit.

I hope you got some useful information out of this post. If so, can you do me a quick favor? Like, share, and comment below. It’d be great if you’d give me some feedback!

 

Take Care!

Todd Getts

Todd A. Getts

Todd@ToddAndLeahRae.com

 

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