I'll give you the holy grail of gambling 1.1 (But......)

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Author: [NHL Betting] Topic: I'll give you the holy grail of gambling 1.1 (But......)
cd329 PM cd329
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Posted: 10/25/2007 12:38:33 AM
Lippsman,
 This some very good advice and should be a must read for every gambler.  I have been gambling for around 30 years and am still guilty of making alot of the mistakes you talk about.
Thanks
Cd
p.s. this thread should be moved to the systems and strategies forum so it wont get lost.
MILKMAN0923 PM MILKMAN0923
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Posted: 10/25/2007 1:15:52 AM
just starting on hokcey myself and have found this thread very useful, not i cant wait to fund my account and begin my journey of never reloading...lol...have been reading your pics and the last 2 days have been great...keep up the great work and ill enjoy the ride....
sbv32 PM sbv32
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Posted: 11/10/2007 4:44:07 PM
Had to bump this for a friend.
 
Anebr1ated PM Anebr1ated
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Posted: 11/10/2007 4:52:52 PM
wow, good read! Thats what makes the difference between a good handicapper and a lucky one.
sean2114 PM sean2114
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Posted: 1/16/2008 10:49:52 PM
bumped this for a friend to see, thanks for posting this Lipps
kidsoprano13 PM kidsoprano13
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Posted: 1/16/2008 11:13:11 PM
lipps what about 5% of $1000, it will take a while to make money betting $25 and increasing it little by little
Lippsman PM Lippsman
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Posted: 1/16/2008 11:17:38 PM
QUOTE Originally Posted by kidsoprano13:

lipps what about 5% of $1000, it will take a while to make money betting $25 and increasing it little by little

It will take a bit, but as long as you hold true you will be next to impossible to tap out.

But as you keep on winning that wager will go higher and higher

Buckeyebomb PM Buckeyebomb
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Posted: 1/17/2008 6:31:21 AM
Im tagging this so I can read this again 
DoubleUp4Life PM DoubleUp4Life
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Posted: 1/17/2008 9:24:17 AM

Might be the best info on Covers. 

 

I need My friends to read this . Some of them are the worst chasers

zipnjaz PM zipnjaz
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Posted: 1/17/2008 9:37:51 AM
08 NEW YEARS RESOLUTION...







ISN'T THIS A RE-PEAT FROM LAST YEAR>>>07,06,05,04,03,02,01 ???
GREAT STUFF...NEW-BEEZ NEED THIS AT THE BEGINNING OF THE SEASON,,,NOT A THE ALL-STAR BREAK.
Lippsman PM Lippsman
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Posted: 1/17/2008 10:11:40 AM
Yeah, it was posted before the season started.  I hope all the Noobs saw it then.
 
Who am I kidding, I hope vets saw it also
 
FrozenTundra PM FrozenTundra
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Posted: 1/17/2008 10:57:51 AM
This post needs to be pinned!
 
Whenever you think of making a bigger than normal wager...just ready this post!
 
Great stuff Lipps...All Star break is just around the corner
kidsoprano13 PM kidsoprano13
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Posted: 1/17/2008 11:48:45 AM

you are obviously a seasoned vet....but who are we kidding nobody wins every single time...wont it take a long stretch of going 2 for 3....3 for 4, and jus ending up plus money everyday to be a consistent gambler?

let me ask you something, have you ever thought of the strategy that its impossible to miss so many games in a row? for ex. with spread games....

you bet $100, you lose, but you dont want to break even you want to win money...next bet comes you $250 lets say, you lose, your down $350, same deal, dont want to lose, you bet $450-$500. and you lose again, so now your down $800, you bet $1000, this strategy can put you in hole so fast, but if you have the bankroll to be down this much dont you think eventually you are going to hit one bet and be on the plus end?

 

what do you think lipps?

 

p.s. accept my friends request lol

Islandsnow PM Islandsnow
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Posted: 1/17/2008 12:08:06 PM
Thanks for taking the time and educating us all on how to properly manage our money. Great advice as sometimes when your on the top, you'll eventually fall down. It's how you stay on top and just sliding a couple of notches down but not all the way down.
Lippsman PM Lippsman
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Posted: 1/17/2008 12:10:26 PM
QUOTE Originally Posted by kidsoprano13:

you are obviously a seasoned vet....but who are we kidding nobody wins every single time...wont it take a long stretch of going 2 for 3....3 for 4, and jus ending up plus money everyday to be a consistent gambler?

let me ask you something, have you ever thought of the strategy that its impossible to miss so many games in a row? for ex. with spread games....

you bet $100, you lose, but you dont want to break even you want to win money...next bet comes you $250 lets say, you lose, your down $350, same deal, dont want to lose, you bet $450-$500. and you lose again, so now your down $800, you bet $1000, this strategy can put you in hole so fast, but if you have the bankroll to be down this much dont you think eventually you are going to hit one bet and be on the plus end?

 

what do you think lipps?

 

p.s. accept my friends request lol

Hey kids,

Yes, it does take a long time. That's why you have to have the proper money management.   I and everbody on this board wishes they could go 2 for 3 everyday!!!!!!  No one here would ever work again.

When you are just talking spread games with -110 juice you have to hit 52.3% to break even.  If you can hit between 55 and 57% you will be doing well.  Anything above this and you are doing very well.

The strategy you are talking about it the Martingale system.  All gamblers starting out think that this is the way to go.  Because how in the world could you lose 8 odr 10 games in a row.

Let's look at the numbers you put out there, with a slight tweak so you are actually doubling every time. $100-$250-$500-$1000-$2000-$4000-$8000

First of all, about only Donald Trump and Warren Buffet are going to have the ammo to do something like this.  You will lose 8 or 10 games in a row. I can promise that, everyone here can promise you that.  Consider this, do you really want to put up a total of $17,750 just to win the original $100 wager you placed on the first game.

That's why with the Martingale will not work and is a road to ruin.

Just do your homework capping, look at cappers that are on good streaks and compare your picks to them.  You will do well.

Welcome to the board.

kidsoprano13 PM kidsoprano13
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Posted: 1/17/2008 12:13:55 PM

thanks brother!

what do you have for hockey tonight?

Chevyguy24 PM Chevyguy24
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Posted: 1/17/2008 12:17:27 PM
Yeah i agree that is a bad way of thinking. My friends are always like why do you gamble?? Your going to lose all your money! But ever since i lost my bankroll 2 years ago in the middle of march madness chasing loses and inconsistent betting i have always stuck to betting 4% of my bankroll no matter what, And believe me i haven't tapped out since!! So when my friends all say it's a waste of time and money betting on sports because im not going to be right 100% of the time i simply say " No garbage Sherlock i just have to be right 52% of the time!"
icemantbi PM icemantbi
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Posted: 1/17/2008 4:54:31 PM
Hey Lipps.  Just wondering where are you finding -1 lines?  I play at Pinny, they only have ML, -1.5 OT inc. and -0.5 regulation lines.  I would love to be able to take a team a -1.
Lippsman PM Lippsman
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Posted: 1/17/2008 5:00:59 PM
QUOTE Originally Posted by icemantbi:

Hey Lipps.  Just wondering where are you finding -1 lines?  I play at Pinny, they only have ML, -1.5 OT inc. and -0.5 regulation lines.  I would love to be able to take a team a -1.

The place you should have an account if you play pucks at all.

5Dimes

kidsoprano13 PM kidsoprano13
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Posted: 1/17/2008 7:31:13 PM
yup he right.....5dimes is all about hockey
sdt74 PM sdt74
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Posted: 1/18/2008 6:04:30 PM
Great thread with very insightful and useful info. Thanks Lippsman
bk_widows PM bk_widows
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Posted: 1/18/2008 7:07:46 PM
...
 
...
 
Szejtan [PL] PM Szejtan [PL]
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Posted: 2/1/2008 12:56:02 PM
Bump
fever PM fever
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Posted: 2/1/2008 2:05:51 PM
percentage of bankroll is key.  Right on there Lippsman!!!!!
 
I won't post my bankroll becuase I don't want the freaks to get all freaky on me but believe me, It's enough to handle a pretty significant wager.
 
Wagers increase with the bankroll and decrease with losses.
 
Been using that rule for years.
 
sbv32 PM sbv32
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Posted: 2/1/2008 2:24:42 PM
I love this and everytime someone bumps it I re-read it....I would say that I stick to this 90% of the time.
 
Thanks Lippsman
 
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