thoughts on gambling with a weekly limit

AllAboutTheBenjamins · Dec 18, 2008

so i have a weekly limit set up with my book. i can only be down $X in a given week...but can win as much as i can win. besides the fact it prevents me from losing a lot of money in one week, i kind of feel like i am at a disadvantage with this. for instance, last week i was down almost my entire allotment. before the SNF game i asked my book to allow me an extra $100. i ended up going from -$250 to +$150 on the week because of that extra money. that is another thing, he is always willing to give me more money for the week if i think that i need it.

any thoughts/opinions?

Broke · Dec 18, 2008

thats a bitch:nohead:

TheRealest · Dec 18, 2008

thats pretty much how all local books work, you need to decide on a number that wont kill you if you lose the whole act that week. they'll always be willing to give you a credit extension bc they know chasing leads to losses. you dont want to make a habit of getting down and then trying to get it all back, thats where big losses happen.

awmllc2000 · Dec 18, 2008

Whats the point on a limit, If you are just going to surpass it?

coitus_maximus · Dec 18, 2008

Yeah, sounds like a book to me. Expecting you to make more
bad plays to dig yourself deeper. Smart bookie

coitus_maximus · Dec 18, 2008

BTW, if you really think about it, if he didn't want you to make a bad bet, he wouldn't let you play, or play in which you
double up to win. Very shrewd indeed.

Not... really....though...just taking advantage of the stupid.

PapaParlay · Dec 18, 2008

If you think it's putting you at a disadvantage, you should ask to have your limits raised.

If you like the fact that you can only lose so much per week, then you should probably stick to your limit. When you do get down, don't ask for more since you could lose more than you were willing to lose, just accept the loss and try to get it back next week.