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Author: [NBA Betting] Topic: Signing out my covers brothers.
swolesbee send a private message View Space | Blog | Friends | Playbook |
swolesbee
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#1
Posted: 2/12/2013 11:46:24 PM
I have to call it quits for awhile. I graduated college about a year and a half ago and I have been waiting tables while I followed my dream, which was to try and make a living betting on sports. I was in the Hilton NFL contest and was doing well until week 12. I did really well in the NFL until a some money management issues derailed me. At one point I had a 8,000 profit. Last year I absolutely killed the NBA and at one point I had 10,000 profit but I had some severe financial and personal life things happen that really de-railed my focus. In the end some poor money management cost me that as well. After the NFL this year I got right back into the NBA, starting from scratch and in a month I had 2,500 in profit. After tonight that's gone.

I think I have a gift when it comes to sports, I really do. But at this point I am not going to pursue it. I don't have the financial backing or the long-term sustainable money management skills that it takes to be successful. I'm going to be moving to Dallas and looking for an entry level Accounting job or possibly a job for the Mavs, or Cowboys if I am lucky enough. Whenever I am on my feet again I can start saving up some money for a bankroll and at some point down the road I plan on pursuing my dream but for now I need to get my life in order, start a career, and re-connect with friends and family.

Tonight's loss was the final straw as I lost a bet on a game that I read perfectly by 1/2 point. Really though it's my fault. I wanted to take the moneyline at -115 I really did. I have no idea why I took the -1.5 at -109 instead but it is what it is. Sometimes you have to hit rock bottom before change can happen and I hit rock bottom tonight.

I have enjoyed getting to know some people in here and all the back and forth discussion that takes place and I wish everyone in here nothing but the BEST. Hopefully one day I can return.

Good Luck!

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frank the tank send a private message View Space | Blog | Friends | Playbook |
frank the tank
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#2
Posted: 2/12/2013 11:48:43 PM
BOL. I think you capped the Toronto game right just sucks that you didn't get + the points
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#3
Posted: 2/12/2013 11:49:39 PM
You will be back at it trust me
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#4
Posted: 2/12/2013 11:51:21 PM
i currently live in dallas, with a year left for a bachelors in accounting 
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#5
Posted: 2/12/2013 11:51:26 PM
I've really enjoyed your analysis on games.  It has helped me 
in making some decisions.  As someone who makes quite a bit
betting sports I have to say NBA is extremely difficult and imo its best
to mix in other sports and get the most +ev situations possible which
takes years of hard work and usually many ups and downs.  BOL in life and hope to see you post sometimes.
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#6
Posted: 2/12/2013 11:52:44 PM
good luck man, see you on the flip side.
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mikeru3
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#7
Posted: 2/12/2013 11:53:02 PM
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theguru1
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#8
Posted: 2/12/2013 11:53:33 PM
i did same thing and feel exactly the same way about having what it takes, but not having the money management skills or patience to play only a few games a day and bet same amounts whether im ahead or behind. when i am rollin im rollin, and when i start to lose even a little bit, i chase and lose huge and roll backwards fast. i started with 300 a few weeks ago and had it up to 3000 in 2 weeks. cashed out 500 and then the other 2500 i lost in 6 days. am down to 200 right this second.  sucks how it goes as fast as I win it. i have done this same exact thing at least 6 or 7 times now and sometimes won a lot more, but same end result in the end. i just can't seem to manage my roll even though i know exactly how to do it and exactly what needs to be done.  just greedy and IMPATIENT!
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#9
Posted: 2/12/2013 11:54:17 PM
best of luck in starting your new life. you sound like a good kid,don't let losing bother you.take a step back,take care of yourself and try again when your mind is clear 
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stevenp
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#10
Posted: 2/12/2013 11:54:50 PM
swolobee-- you have the capping skills to make money at it. keep records, bet low, and figure out a strategy over the years.  i've been it at 10 years.  for three years i bet 7 dollars a game and kept meticulous records.  i know i'm statistically valid from the beginning of the nba season until around a week before the all-star break.  then i can't pick crap.  so i'm trying to learn to cash out.  in fact, i'm hoping next year to just bet two months and call it quits after january 7 or so.  it's a lot of fun, but a lot of pressure.  and a few losses in a row or a big pile of money in the account tends to make our money management go out the window.  best to do it on the side, i say.  i've won money five out of the last six years.  lost money on the strike year.  but i remember a couple of your perfectly capped games.  keep your head up.  i leanred a lot from you.   you loved boston hosting miami.  even without rondo you covered.  i was on the other side.  but don't think i didn't notice.  you had thought it out with amazing precision.  you're talented.  believe that.  but there's a lot to this!!!  hope to see you next year!!!!
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Docdulac
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#11
Posted: 2/12/2013 11:55:26 PM
It's always money management, that either keeps you in the game or knocks your D I C K in the dirt!

BOL to you in the future!
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#12
Posted: 2/13/2013 12:04:50 AM
I do not say this often, but you sound like a smart guy. Keep you head up and never give up on anything . You will live and learn. I learned one thing in my gambling and trading life (Forex) you have to be paoutient.  know that feeling when all the stars align  you know you are on the right side from the get go...I am only 37 and been there before , learn from it and you 
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#13
Posted: 2/13/2013 12:08:17 AM
I do not say this often, but you sound like a smart guy. Keep your head up and never give up on anything . You will live and learn. I learned one thing in my gambling and trading life (Forex) you have to be patient. You know that feeling when all the stars align  you know you are on the right side of the game from the get go...I am only 37 and been there before , learn from it and you will master your craft. You only live once and if you do it right you only need to live once ...Good luck in all your ventures...
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#14
Posted: 2/13/2013 12:15:24 AM
Tough tough luck man...your analysis is second to none and has helped not only me, but many people on here. Unfortunately, money management and discipline is just as important as picking winners.

Hope to see you back someday, take it easy buds.

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theguru1
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#15
Posted: 2/13/2013 12:17:45 AM
i even am ranked in top 15 on covers contest in ncaa hoops but can't turn it into success with real money long term because of lack if discipline with money. if only i would bet same amount every game no matter what, that money would be real money in my pocket
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#16
Posted: 2/13/2013 12:21:30 AM
bol bro 
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swolesbee send a private message View Space | Blog | Friends | Playbook |
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#17
Posted: 2/13/2013 2:10:08 AM
I appreciate all the support! Y'all are awesome!
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#18
Posted: 2/13/2013 2:16:30 AM

Don't ever bet again.  You were up to 8 grand? Listen, you can make that once you get a good job in less than four weeks.  Don't listen to others, quit.  Come back to play a little once you get a great job.

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WizrduvOdz
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#19
Posted: 2/13/2013 2:25:19 AM
Dude, really liked reading your analysis on games. Games like that are killer, 3.5 pt swing before you could get it in. I got lucky enough to get it at -1, push. Anyway, If I don't work on my money mgmt I'll be out too, soon. Even leaving, you've given me help by emphasizing that

BOL BRO
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#20
Posted: 2/13/2013 2:35:31 AM
i enjoyed reading your caps too. thanks and good luck! hope you stick around give us some analysis here n there!
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#21
Posted: 2/13/2013 3:17:06 AM
thanks for the great write ups ! GOOD LUCK IN LIFE. 
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#22
Posted: 2/13/2013 3:20:08 AM
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#23
Posted: 2/13/2013 3:27:11 AM
One rule I follow is never to take a -1.5 or -2.5. Too many times have I been burnt by a 1 point victory.

If and when you do come back, consider taking ML for those low lines. Although your odds may drop from 1.90 to 1.80 you are maximising your chances of winning for a small sacrifice. eg if you put 1k, you will still get back 800 instead of 900 - when you look at it.. it is not a big diffrrence at all.

anyway.. see you in a few weeks.
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wizardofroz
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#24
Posted: 2/13/2013 4:12:59 AM
If you are able to consistently pick over 55% in any sport with the 10 cent juice, that is a skill that at least 9 out of 10 people do not possess.  

Most people that claim it is a money management issue are actually lying to  themselves, as these people are usually no better than 50% cappers like the rest of us.

So if you are one of the gifted few who have hit over 55% of your NBA plays this season, I am very curious as to how you are betting, to the point that you are broke and unable to capitalize on your handicapping skill.          
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#25
Posted: 2/13/2013 4:26:09 AM
The good thing is u are young so u have plenty of time to recover, get back on ur feet an pursue your dream. Better now than with kids, house, etc. good luck
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