7 Steps To Losing...

BigRagu · Jul 3, 2003

I found this on another site askthebookie (mods, I hope you don't mind me mentioning that) and found it very funny in that I think we can all relate to a couple of these...

1. Always bet more than you can afford to lose. This is probably the best way of all to get rid of unwanted assets. Gamble with the rent money or the grocery money.

2. Bet on all the games and keep changing the sizes of your bets. Increasing your wagers when losing is a sure fire way of losing all your money quickly.

3. Place lots of futures bets, parlays and teasers. Anybody will win now and then if they place these types of bets but will lose a lot over the long run.

4. Only gamble when you are tired, drunk or trying to impress someone.

5. Pay for advice from touts who claim to win at least 70% to 90% on all their picks against the spread. If one could do that they would be very rich in a matter of a couple of months. Believe them and purchase their 10,000 star ****s or T.V. game of the month.

6. Always bet according to your hunches and superstitions. Bet teams that are "due" or bet more on the days you feel "lucky".

7. Never read books or articles on sports wagering. Never keep records or do research. Don't waste your time searching for the best line.

Ragu

Dante · Jul 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>5. Pay for advice from touts who claim to win at least 70% to 90% on all their picks against the spread. If one could do that they would be very rich in a matter of a couple of months. Believe them and purchase their 10,000 star ****s or T.V. game of the month. <HR></BLOCKQUOTE>

LOL

PatrickMcIrish · Jul 3, 2003

Very true, all of it. Sounds like a page right out my squares manual.

jjgold · Jul 3, 2003

Most important one not even mentioned, bet a lot of games per week and you will get destroyed.

lurkerforages · Jul 3, 2003

Actually the plays in Number 3 are the best source of income for the winning player when played correctly.

Angelle · Jul 3, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Only gamble when you are tired, drunk or trying to impress someone.

<HR></BLOCKQUOTE>

So that is my problem?
But I am always tired

WildBill · Jul 4, 2003

I don't think betting a lot of games will necessarily get you in trouble. If you are a lousy player and you bet a lot of games you probably will get killed as that is just increasing money put into negative expectation.

It might surprise you but there are a lot of guys that bet quite a few games. I have long been in the "volume" class and when I was betting pro back in 93-95 and Vegas was awash in smart bettors I would say at least half were in my boat. Volume doesn't mean betting the board by any means, but generally I would say someone who bets more than 10% of the available sides and totals would be a volume guy. Lem Banker is famous for this, during college hoops the guy bets 30-50 games on Saturday, I remember once Lem told me and another guy as we exchanged pleasantries at the Stardust that he played 56 games that day, a Saturday in Feb. He had 4 NBA plays and 52 college plays. The other guy was stunned, he thought he was in the volume class with 12 plays. He counted the board, there were 109 college games on the board so Lem pretty much was at 50% of the board.

TheGeneral+ · Jul 6, 2003

Thanks Ragu

JoeyC · Jul 6, 2003

Ragu:

Excellent post..

drhockey · Jul 6, 2003

I must agree great post

SixthSense · Jul 7, 2003

I agree with Wild Bill.

If you are a 50% winner, the more games you bet, you will gradually drift back to 50% (or up to 50% if you are down).

But, if you are a 55% winner, the more games you bet will drift you closer to the 55% range.

It's all about your methodology. If your methodology allows you to bet 300 games in the NFL, and win at 55%, then that is probably where you will end up in the long run, assuming you stick to your plan.

If you deviate from that plan, then you will probably see worse returns and end up closer to even or lose money.

It's not the volume of games that decides if you win or lose. It's the plan. Plan your work, work your plan.

If you have a decided edge, you will win, over the long haul.
If you don't have a decided edge, you will lose over the long haul.

It's that simple. Volume has nothing to do with your wins and losses, except the volume outlined in your plan.