If You Go Down 2 Units Early In The Week Stop Betting

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Dante

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JJ...you still at 10$ bets or have you recouped enough to start gunslinging again sir?
 

jjgold

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Dante up to $20, came into some cash

Its a matter a time Son I start sending it in again and every woman on this board falls in love with me
 

Rainbow

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jjgold said:
Walters made chump change gambling

98% of sport bettor loses because of my example

Keep betting and you wil keep losing

Any bookie will tell you this
I wish I had 1% of what he has won, I would be set the rest of my life. JJ you can take that to the bank too.
 
bookie

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JJ, your point is especially true when betting with a local.
I used to get myself into a heap of trouble trying to win my units back only to get deeper in the hole. I dont have to tell you the reaction 'the man' gives you when you tell him you dont have his money.
 

DickyW

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I was under the impression that players on these forums never lose:icon_conf
 
Dante

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DickyW said:
I was under the impression that players on these forums never lose:icon_conf
I can totally see how you can get that impression dicky
icon10.gif
 
JudgeWapner

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Only you, Dicky.
 

DickyW

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Judge, I'm a horse player You know better:103631605
 
NickyDeuces

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the lighter side...

Under current guidance the RX may well be a religion driven anti-gambling forum by the year 2006. And I'm not necessarily saying that would be a bad thing.

Gambling is the root of all evil Brothers. And if the Lakers don't go over tonight, there will be hell to pay.
 
wantitall4moi

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Capping yourself weekly or daily IS THE MAJOR REASON PEOPLE LOSE.


Shortsightedness and lack of vision are why people do not win gambling.

They lose early their asshiles pucker up and they sweat it, they win early they are freerolling and betting crazy. Niether of these things is a good thing to do.

That is why most guys do not even know if they can pick at a consistant enough rate to win. they have never "proofed" themselves. Meaning they have never done it at the right level to figure out if it was luck that they won, or bad luck that they lost.

People always want to break their gambling down into games, or days, or weeks, or season. Wrong, wrong, wrong, wrong. Do you break your lives down into hours, days or weeks. "well at 8 this morning I took ashit, then I sat in front to the computer for 3 hours, then I made some lunch, my wife got home I banged her (it is Thursady afterall)...U mean comeon, that is how people tally their gambling? That means every single game has a make or break stigma put on it.

it is like every game a guy bets is going to make him rich or make him poor. Guy starting threads saying they need a late FG to get over, or a td for a backdoor. Or that foul killed them in this or that game. Losing attitude after losing attitude.

It is plain and simply a matter of volume. The more games you play, the more money you win. It is that simple. The more ganes you play the more that 53% win rate actually means something, and actually means a profit that is enough to talk about.

Guys like to say they hit 60% in the NFL this year or that year. So frigging what? How much is that, maybe 3 or 4 grand? That is sh it, is that really any money?

The other side of that is that if they do not bet the same amount every game then any percentage is totally meaningless, because it does not have any base. A guy could be 90% and have that one loss wipe out his whole bankroll.

It is about looking at it for along term. Guys are on this borad everyday. it is apparant that most bet everyday. But most do not have the right outlook on it. I started a post a few months ago saying these very same things.

Picking winners isn't a problme for most guys, but staying in the game is.

As far as BW goes. He has more than a few skeletons in his closet. His first bankroll was obtained, in let's say a shady matter, and was conveniently "forgotten" about. But he garnered enough cash to parlay it into some nice revenue and enough reputation to do what he does now. And even in his real estate endeavors, he is less than ethical. But how many gamblers are all that ethical to begin with? It is a screw or be screwed first mentality for most. It doesn't have to be that way, but it is, even for the guys like him who have the smarts to make money doing it the "right" way.
 

jjgold

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Wanti another excellent post

Good Luck Guy
 
Dante

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wantitall4moi said:
Capping yourself weekly or daily IS THE MAJOR REASON PEOPLE LOSE.


Shortsightedness and lack of vision are why people do not win gambling.

They lose early their asshiles pucker up and they sweat it, they win early they are freerolling and betting crazy. Niether of these things is a good thing to do.

That is why most guys do not even know if they can pick at a consistant enough rate to win. they have never "proofed" themselves. Meaning they have never done it at the right level to figure out if it was luck that they won, or bad luck that they lost.

People always want to break their gambling down into games, or days, or weeks, or season. Wrong, wrong, wrong, wrong. Do you break your lives down into hours, days or weeks. "well at 8 this morning I took ashit, then I sat in front to the computer for 3 hours, then I made some lunch, my wife got home I banged her (it is Thursady afterall)...U mean comeon, that is how people tally their gambling? That means every single game has a make or break stigma put on it.

it is like every game a guy bets is going to make him rich or make him poor. Guy starting threads saying they need a late FG to get over, or a td for a backdoor. Or that foul killed them in this or that game. Losing attitude after losing attitude.

It is plain and simply a matter of volume. The more games you play, the more money you win. It is that simple. The more ganes you play the more that 53% win rate actually means something, and actually means a profit that is enough to talk about.

Guys like to say they hit 60% in the NFL this year or that year. So frigging what? How much is that, maybe 3 or 4 grand? That is sh it, is that really any money?

The other side of that is that if they do not bet the same amount every game then any percentage is totally meaningless, because it does not have any base. A guy could be 90% and have that one loss wipe out his whole bankroll.

It is about looking at it for along term. Guys are on this borad everyday. it is apparant that most bet everyday. But most do not have the right outlook on it. I started a post a few months ago saying these very same things.

Picking winners isn't a problme for most guys, but staying in the game is.

As far as BW goes. He has more than a few skeletons in his closet. His first bankroll was obtained, in let's say a shady matter, and was conveniently "forgotten" about. But he garnered enough cash to parlay it into some nice revenue and enough reputation to do what he does now. And even in his real estate endeavors, he is less than ethical. But how many gamblers are all that ethical to begin with? It is a screw or be screwed first mentality for most. It doesn't have to be that way, but it is, even for the guys like him who have the smarts to make money doing it the "right" way.

one of the best posts I have read in sometime
 

Rainbow

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wantitall4moi said:
Capping yourself weekly or daily IS THE MAJOR REASON PEOPLE LOSE.


Shortsightedness and lack of vision are why people do not win gambling.

They lose early their asshiles pucker up and they sweat it, they win early they are freerolling and betting crazy. Niether of these things is a good thing to do.

That is why most guys do not even know if they can pick at a consistant enough rate to win. they have never "proofed" themselves. Meaning they have never done it at the right level to figure out if it was luck that they won, or bad luck that they lost.

People always want to break their gambling down into games, or days, or weeks, or season. Wrong, wrong, wrong, wrong. Do you break your lives down into hours, days or weeks. "well at 8 this morning I took ashit, then I sat in front to the computer for 3 hours, then I made some lunch, my wife got home I banged her (it is Thursady afterall)...U mean comeon, that is how people tally their gambling? That means every single game has a make or break stigma put on it.

it is like every game a guy bets is going to make him rich or make him poor. Guy starting threads saying they need a late FG to get over, or a td for a backdoor. Or that foul killed them in this or that game. Losing attitude after losing attitude.

It is plain and simply a matter of volume. The more games you play, the more money you win. It is that simple. The more ganes you play the more that 53% win rate actually means something, and actually means a profit that is enough to talk about.

Guys like to say they hit 60% in the NFL this year or that year. So frigging what? How much is that, maybe 3 or 4 grand? That is sh it, is that really any money?

The other side of that is that if they do not bet the same amount every game then any percentage is totally meaningless, because it does not have any base. A guy could be 90% and have that one loss wipe out his whole bankroll.

It is about looking at it for along term. Guys are on this borad everyday. it is apparant that most bet everyday. But most do not have the right outlook on it. I started a post a few months ago saying these very same things.

Picking winners isn't a problme for most guys, but staying in the game is.

As far as BW goes. He has more than a few skeletons in his closet. His first bankroll was obtained, in let's say a shady matter, and was conveniently "forgotten" about. But he garnered enough cash to parlay it into some nice revenue and enough reputation to do what he does now. And even in his real estate endeavors, he is less than ethical. But how many gamblers are all that ethical to begin with? It is a screw or be screwed first mentality for most. It doesn't have to be that way, but it is, even for the guys like him who have the smarts to make money doing it the "right" way.
This post belongs in the Hall of Fame. I like the way you explain everything, thanks.
 

jjgold

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same principle with horses

walk out of the fukin track if you lose 1st two races
 

valueman

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JJ - That's probably good advice to a crap gambler who has little contol - that is probably a lot of people but poor advice to a gambler that bets fromn a bank and only when he believes there is a positive expectation in relation to the odds.
 

assassin

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JJ, please go back to your day in the life of type posts. Those were humourous and entertaining. (i.e. walking around town in the big mink coat with the ladies all drooling, etc)

Gambling advise is not for you son. Especially advise you have never followed. Especially advise no gambler would ever follow (you do realize that by ceasing wager at -2 or +2 units which each will occur approximately 1 in 4 times during your 1st 4 wagers, you have eliminarted 1/2 of the year from wagering.)

Gambling is simple. I'll explain it to you.

Determine a bankroll that if you lost it would not impede your life.

Apply your risk tolerance for losing your entire banroll in determining your unit play (% of bankroll per play)

Decide where to play, be it a local with a good rep, offshore with reputable people, or legally in Vegas (may be a combination).

Develop an expertise. Shrink has written many posts on this. I know there are some here at the RX that are the exception and can cap all sports well, but identify what you are good at (props, CFB, CBB, I can't cap NFL or NBA to save my life). Test you strategeies to ensure they work, and continually analyze your system or approach for refinements.

Periodically take some winnings of the table.

When you lose your bankroll (hasn't happened to me yet), take a break.

If you feel burned out, take a break, there will always be another game or event to wager on.

This advise is for the recreational better like myself.
 

jjgold

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Great post assasser

Many though do beleive in my strategy
 
red007

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i wouldn't call 1 percent many.
 

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