Betting When Broke .......................

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BTW- Even with a nice bank account I am relatively nervous on some of the bets I make (when I watch fights). I imagine I'd be having a heart attack while watching my bets if I couldn't cover a loss. That's no way to gamble at all. I imagine it leads to high blood pressure
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Been gambling a year and a half Valdosta? At that point I hadn't learned enough to know there was a lot to learn yet. Let me give you an example for me.....

I thought my Pop was a world champion pool player, I really did at the time. He could run racks and draw a circle on the felt to show you where the cue ball would end up after his next shot. I asked him how good he was, good enough to know I'm not worth a shit. Didn't really mean much to me at the time but through the years it has made more and more sense. No message to you personally Valdosta as I can tell you are smarter than the average bear but each time I learned something it opened up a whole bunch more I realized I knew nothing about. There's a saying you need to learn a little before you realize you need to learn a lot more.

Beaner thinks he's the smartest man in the world. 'Nuff said.
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jj,

If you are broke or near broke and still betting, then you are effectively betting with your friends' and relatives' money, because these are the people you will ask to bail you out if you get whacked.

Betting with other peoples' money without their consent is almost like stealing IMO and I consider you an asshole for doing that.
 

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Great thread JJ.
I don't understand the complaints.

Lou, the writing style is the same but think about the topic.
The Devil scolding people for betting with money they don't have?
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I think if this was a NY forum more guys would be relating to this like Drunk does.

It really is somewhat to trading on margin. I have made trades where I had 20,000 in my account and got marging for the other 20,000 pretty nerve wracking I might ad.

Well boys some good posts by you guys
 

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CECIL................i honestly cant believe you of all people are agreeing with JJGOLD on this topic of gambling money you dont have?????????????


BTW..................this DEVIL guy must be pretty cool..........lol
 

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Many bettors perform better when betting with no money in their pockets. I think you tend to concentrate more because it is a matter of life or death and sometimes literally.
 

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Man I read some interesting posts before. But this one is out in left field. There is not one good thing about a guy betting with no money! It is called taking a shot at your bm!
 

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JJ:

Silly comment... IF they were winning bettors in the first place, they would have $ in their pockets, and not broke.
 

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I trade better with stocks when I am trading on margin period. The pressure is on and I like it.

People that do this are not shot takers!!!!

Every guy I know pays when they lose. Who knows where they get the cash but they come up with it.

Joey I am still teaching you.
 

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JJ:

I'm still learning.. But I forgot about betting with no money many many years ago, buddy.

To each his own.

This could be the script for a real bad movie.
 

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I don't agree at all with JJ about betting money you don't have, however I can tell you that as a $100 average bettor I bet much better with $500 in my account than $5000.

I think its the sort of focus that leads to NBA 4th quarter runs and stuff.
 

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I think people are not realizing that there are more things in peoples lives than gambling...

You could be making good money gambling and still not have any cash...
Shit happens.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Patrick McIrish:
Been gambling a year and a half Valdosta? At that point I hadn't learned enough to know there was a lot to learn yet. Let me give you an example for me.....

I thought my Pop was a world champion pool player, I really did at the time. He could run racks and draw a circle on the felt to show you where the cue ball would end up after his next shot. I asked him how good he was, _good enough to know I'm not worth a shit._ Didn't really mean much to me at the time but through the years it has made more and more sense. No message to you personally Valdosta as I can tell you are smarter than the average bear but each time I learned something it opened up a whole bunch more I realized I knew nothing about. There's a saying you need to learn a little before you realize you need to learn a lot more.

Beaner thinks he's the smartest man in the world. 'Nuff said.
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<HR></BLOCKQUOTE>

I see where your coming from. You can never really know enough. I do a ridiculous amount of reading and viewing tapes to try to know as much as I can. Even so I sometimes make mistakes overrating fighters or not noticing some little things sometimes. If you don't always learn from mistakes though, you are doomed to repeat them over and over. The same people who make the same mistakes over and over are the people who end up betting with no bankroll.
 

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<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by cecil:
I think people are not realizing that there are more things in peoples lives than gambling...

You could be making good money gambling and still not have any cash...
Shit happens.<HR></BLOCKQUOTE>

That's true also. I had a shoulder surgery for the removal of potential cancer in my shoulder, earlier this year. Had I not had any insurance that would have cost me a arm and a leg
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jj,

Trading on margin is a bad analogy because the margin requirements are designed precisely to minimize the risk of your balance going negative. No broker will let you trade when you have no money or very close to that. On the contrary, they will force you out of your position, take some juice for themselves, and make you suck eggs while you watch what coulda, shoulda, and mighta been.
 

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