if you could give a beginning gambler some advice what would it be

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Rx Wizard
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my advice to someone who is looking to bet year around is set aside a 200 unit bankroll and bet the SAME amount ( a half percent) EVERY game. This will take alot of the stress out of it and most importantly be prepared for HUGE flucuations of your bankroll.It happens to everyone. If you can handle the major changes in the size of your daily bankroll without panciking and straying from your original plan than hopefully when the dust settles at the end of the year, you will be ahead.
 

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Play RECREATIONALLY for a minimum of TWO FULL YEARS.

READ everything you can get your hands on and be receptive and respectful of everybodys opinion and thoughts and make your own self conclusions.

Guess thats two things, but both are equally as important.
 

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After this, establish a seperate BANKROLL from ones normal living expenses........which is easier said than done for many.
 

Rx Wizard
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Fishhead said:
After this, establish a seperate BANKROLL from ones normal living expenses........which is easier said than done for many.
I agree with you about the bankroll thing. I am willing to bet over 50% of the posters on here do NOT have a seperate bankroll. Without one this game becomes more confusing and harder to beat (IMO)
 

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dont wager on games just to watch on tv or have some action going and do not chase please, it always a game the next day,dont parlay unless you are up and losing wont put you in a tight hole and NUMBER 1 GET A GOOD LINE SERVICE and watch it more than you do your tv...ck
 

2006 People Magazine's Sexiest Handicapper Alive
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Fishhead said:
Play RECREATIONALLY for a minimum of TWO FULL YEARS.

READ everything you can get your hands on and be receptive and respectful of everybodys opinion and thoughts and make your own self conclusions.

Guess thats two things, but both are equally as important.

good advice.

www.gamblersbookclub.com excellent site.

in addition, similar to iceman, i'd recommend keeping your bets VERY LOW. if you're first starting out, you WILL go bankrupt...it's only a matter of time.

so what you want to bet is up to you...just realize, the more you bet, the faster your money will be gone.

anything more than 1-2% of your bankroll per play (in my opinion) is too risky.

when i first started betting at age 18, i had $1,000 saved up to gamble with and i was betting $100/game! talk about idiotic! i was bankrupt in 4 months...and looking back, i'm surprised i even lasted that long!
 

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First off someone just getting started and trying to bet year round is DEAD!!!

Second it takes years of this before you even dare try to play baseball.

Thrid people just getting started, guess what game they chose? Yeah thats right the NFL where they are DEAD before they get out of thier own tracks.

Fourth people just getting started are ALWAYS chalk players and think they can "pick em", which is Wrong.

Fifth Anyone just getting started better have HELP in many directions or the "first" bankroll is gone before they know what happened.

Sixth. NO one should attempt to play year round that has not been up and down the road for a long time. There is NO such thing as a recreational baseball player.

obtw My only piece of advise for a beginner is NEVER NEVER lay chalk on the road in ANY sport, its a looseing proposition over the course of my lifetime for sure, and i betcha that it is over Any one that tracks it the rest of their lifetime as well.
 

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Insiders said:
Second it takes years of this before you even dare try to play baseball.

i would think just the opposite...

baseball has far fewer subjetive factors to assess (as compared to NBA or NHL, for example). it's mostly statistical handicapping. i would think MLB would be easier for begginers, especially mathematically-inclined begginers (like i was) to start with...

for me, MLB handicapping was far easier to pick up...the NBA and NHL, with their numerous subjective factors each night, took much, much longer to get the hang of...

NFL has a lot of subjective factors too, of course, but the bettor has a full week to assess them, so that's why i didn't include the NFL in that.
 
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My advice....don't start gambling!!! (LOL....ya right...I have been told to stop about 100 times in the past 10 years!!!! Love the action and the challenge of beating the books. Like being a day trader in the market. If I was doing that people would say..."wow that's cool" but since it is sports betting it is "man you have a problem".
 

"It's great to be alive and ahead by seven" Mort o
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Insiders said:
First off someone just getting started and trying to bet year round is DEAD!!!

Second it takes years of this before you even dare try to play baseball.

Thrid people just getting started, guess what game they chose? Yeah thats right the NFL where they are DEAD before they get out of thier own tracks.

Fourth people just getting started are ALWAYS chalk players and think they can "pick em", which is Wrong.

Fifth Anyone just getting started better have HELP in many directions or the "first" bankroll is gone before they know what happened.

Sixth. NO one should attempt to play year round that has not been up and down the road for a long time. There is NO such thing as a recreational baseball player.

obtw My only piece of advise for a beginner is NEVER NEVER lay chalk on the road in ANY sport, its a looseing proposition over the course of my lifetime for sure, and i betcha that it is over Any one that tracks it the rest of their lifetime as well.






Bravo Bravo, Insiders! you have just written what I call "The Sports Investors Manifesto"


The Road Chalk is probably the #1 Gospel followed by the NFL Gospel. This deserves' its own Sticky. LT:103631605 :money8:
 

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I would tell them if you find yourself still betting when you are CoachLT's age you are PHUCKEDDDDDDDDDDDDDDDDdd :grandmais
 

"It's great to be alive and ahead by seven" Mort o
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Dante said:
I would tell them if you find yourself still betting when you are CoachLT's age you are PHUCKEDDDDDDDDDDDDDDDDdd :grandmais



I am like the aliGATOR, I have evolved over many years of studying this exciting endeavor. Dante, I would surmise that most of the older veterans are still around because of their success. This is who I have become, for better or for worse. During the College Football season I wake up every day EXCITED and at the end of each day, I go to bed excited. A little success makes it all a little sweeter. At my age, EXCITEMENT is a great thing! Love Ya man! LT:103631605 :party: :money8: :party:
 

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1. Document write down EVERYTHIN"!!!! Reasons/categories for the different bets....Keep track also of fund & expense outlays for every gambling event daily, down to the last insignificant card game.
Additionally: after every win, write down what you did wrong / could've done better to get an even bigger profit from the event--conversely, after every loss write down something you did right in the event, that will help you in the future / long run.

2. Read different approaches-- to gain all-round knowledge--even though you don't agree with some of someone's tenets(or they have glaring ommissions, faults)-- it will still give you invaluable insights....one example: John Patrick's books. If you stay with/remain in one area/point of view you limit yourself to your detriment & eventual demise.

3. Flat betting/percentage of bankroll/Kelly Criterion are all erroneous/not the answer-- but of course, they're a million times better than the helter-skelter best bets & five-star plays. After reading Patrick, read both these, then and come up with your own formula: http://horsestreet.com/products/index.html#Manuscripts

4. After you paper bet successfully for at least 6/12 months, bet only for $1 / minimum bet for another like period-- you will notice a huge difference / performance decrease when betting real money, even if it's only one dollar-- and you will be so glad you didn't make your glaring & learning mistakes with serious money. How you master the $1 base bets will inherently let you know when & for how much you should make your next level.

5. If you don't have a strong opinion on a marquee event in a sport you're fanatical about, but cannot pass up throwing money at it-- say the last Preakness-- or have a problem betting against a favorite team / player of yours....... then forget about ever being a professional gambler / investor(no shame in that, you just relegate yourself to the recreatioal gambler / forever in the red category...and no shame in the red category either: all hobbies & vacations cost money anyhow).

:money: :pope: :money8: :modemman: :thumbsup2: :dancefool
 

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I would tell him/her to NOT start gambling and put their money in the bank! It just ain't worth the heartache!
 

Beat the System!!
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All the above is sound advice...........I will add that first and foremost focus on one sport ONLY if you want to either stay alive or win.

Let's use football.......for the next 2 years without serious betting.......chart the following....

1)Scores of games and who covered
2)Which team covered the 1st Qt
3)Which team covered the 1st half
4)Did the score go over or under in the Qts, Halves and game
5)Where the public money was for every game and in the halves for sides and totals

After each game is over look back at the list and write the team next to each heading and then understanding where the money was at game time and seeing if there was any patterns......use this as a learning tool for 2 years before you can really try to win consistently...........

Everyone has their methods.........mines happens to be really stats oriented and much more in depth than what I loosely explained here but it's a winning formula for me.
 

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