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Author: [MLB Betting] Topic: Lost Entire Bank Roll last night.....
aaustinova67 send a private message View Space | Friends | Playbook | My Sportsbook: 5Dimes |
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#1
Posted: 4/19/2012 1:21:53 PM

Tell me Im overreacting....I deposited $110 7 weeks ago..

Turned it into $330 by this time yesterday....

I managed to wake up this  morning with $0...(two pending parlays with the Crapitals to win the series good luck there)

Im devastated....am I overreacting...is 110 loss(or 330 loss)
worth quitting or should I bounce back????!!!!!!

Terrible bankroll management I know...fuckin Angels...

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#2
Posted: 4/19/2012 1:22:58 PM
depends on how important $110 is to you i guess.
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#3
Posted: 4/19/2012 1:25:03 PM

been there before man..take a few days off..don't chase. You lost 110 not 330.

Bounce back and remember this feeling next time you're up and don't lose composure.

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#4
Posted: 4/19/2012 1:58:16 PM
The month of april has been brutual for me, im so mad @ myself so Ive decided to quit for a couple of weeks and try again
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#5
Posted: 4/19/2012 2:00:55 PM
I've seen guys make 5k on one roll of the dice and win!  Then he let it ride and won again!  That was 20k on the table and he asked the dealer if he could ride it again.  Dealer said sure, we never turn down a wager.  This was at Binion's, 25 cent table!  Player decided he had enough and took his chips down.  Next roll he would have won again, next roll after he would have been paid triple.  The shooter had rolled three 10s in a row and then a 12.  His money was on the field!  UNREAL!!!
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#6
Posted: 4/19/2012 2:02:33 PM
Yesterday were brutal! Flyers, Rangers and Kings choking in NHL, and Toronto and Boston in MLB
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aaustinova67 send a private message View Space | Friends | Playbook | My Sportsbook: 5Dimes |
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#7
Posted: 4/19/2012 2:04:57 PM

$110 is not a lot in the scheme of things. Its just disheartening to lose composure llike that and piss away all my winnings.

Does anybody here really make these $220 and $400 bets every day??

I find it hard to believe....

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#8
Posted: 4/19/2012 2:05:56 PM
QUOTE Originally Posted by Exalted1:

been there before man..take a few days off..don't chase. You lost 110 not 330.

Bounce back and remember this feeling next time you're up and don't lose composure.

 

Thanks man....maybe just take it as a lesson and next time take the A's instead of the Angels haha

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#9
Posted: 4/19/2012 2:07:54 PM
Get it all back today!!

NYY is LOCK
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#10
Posted: 4/19/2012 2:20:47 PM
next time after a big win you should withdraw your original deposit and play with the house's money.  Good Luck with future bets.
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#11
Posted: 4/19/2012 2:25:56 PM
sorry but you must be a newbie....110 and you turned it into 330 in like week..lol......try depositing 500 turning it into 10 grand than losing it,,,,then you would be talking kid
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#12
Posted: 4/19/2012 2:28:43 PM
I lost $2600 this week...I pussied out on betting $900 on the Dodgers today and win or lose I feel like I'm not meant to win anymore, once you get that feeling, it's time to stop
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#13
Posted: 4/19/2012 2:43:17 PM
350 into 15k in two weeks, withdrew 3k, lost 12k in three days.  

I normally only bet $100-$500 a game, I upped my bets to 1-3k, including parlays to shoot for an early retirement.

The only thing I retired from is making stupid bets.  


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#14
Posted: 4/19/2012 5:31:37 PM
Awesome.....I like hearing about guys losing big bucks cause then the 110 sounds like dogshit...which it is but im still in college, obviously income is hard to come by lol.

Ima take a couple weeks off, reinvest some $$$ and keep my composure.

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#15
Posted: 4/19/2012 5:37:47 PM
Unless you have a huge bankroll you should only really be betting $2-$4 per play max. Otherwise you are just going to keep depositing $100. I know it sounds retarded but it's true.
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#16
Posted: 4/19/2012 5:43:46 PM

What you need to do is constantly remind yourself that it's a marathon not a sprint. And you're INVESTING. Not betting. You wouldn't throw your money away in everyday situations, don't do it here. You lose your discipline in this game, you lose your money. Period. 

If you simply won 50 bucks a day, multiply that by 30 days, then by 12 months. That's 18 grand yearly just AVERAGING 50 bucks a day winnings. If you think like that and look at the bigger picture, you'll be more sucessful.

 

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#17
Posted: 4/19/2012 5:46:43 PM
QUOTE Originally Posted by aaustinova67:

$110 is not a lot in the scheme of things. Its just disheartening to lose composure llike that and piss away all my winnings.

Does anybody here really make these $220 and $400 bets every day??

I find it hard to believe....

 

I'm betting 1 to 3 K a game! We all bet what we can afford.  But I ask you this ... is the time and effort you put into it really worth the $20 or so you are bettting?  If you are spending an hour or two researching to bet $20.00 you are actually wasting a lot of your good life.   Forme it is all about maximum results from maximum input.  If I'm going to spend two to three hours researching the games, I want to make it worth it. 

I'm not here to tell you to bet more.  My all means do not misinterpret what I am saying but if you can't afford to lose $300, let alone $100 then you should not be gambling.  PERIOD.

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#18
Posted: 4/19/2012 5:55:58 PM

THIS BETTING THING IS LIKE THAT SOMETIMES YOUR ARE AT THE TOP SOMETIMES YOU ARE AT THE BOTTOM, SOME DAYS ARE PROFITABLE SOME DAYS ARE NOT PROFITABLE, IF YOU ARE TAKING THIS BETTING THING AS A BUSINESS WELL YOU SHOULD CONTROL YOUR TEMPER AND AS YOU ACCEPT WHEN YOU WIN YOU SHOULD ACCEPT WHEN YOU LOSE AND KEEP GOING, DO THE HOMEWORK EVERYDAY ALWAYS HAVING THE MOTIVATION THAT A WIN ALWAYS GIVE  

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#19
Posted: 4/19/2012 6:01:38 PM
QUOTE Originally Posted by supadame:

What you need to do is constantly remind yourself that it's a marathon not a sprint. And you're INVESTING. Not betting. You wouldn't throw your money away in everyday situations, don't do it here. You lose your discipline in this game, you lose your money. Period. 

If you simply won 50 bucks a day, multiply that by 30 days, then by 12 months. That's 18 grand yearly just AVERAGING 50 bucks a day winnings. If you think like that and look at the bigger picture, you'll be more sucessful.

 




Very smart guy, smarter than me at least.
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#20
Posted: 4/20/2012 12:04:58 PM

If the Caps can win this series against Boston im back up to 100!!

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#21
Posted: 4/20/2012 12:09:29 PM
SWEET!
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#22
Posted: 4/20/2012 12:09:36 PM
QUOTE Originally Posted by BET-MAN:

THIS BETTING THING IS LIKE THAT SOMETIMES YOUR ARE AT THE TOP SOMETIMES YOU ARE AT THE BOTTOM, SOME DAYS ARE PROFITABLE SOME DAYS ARE NOT PROFITABLE, IF YOU ARE TAKING THIS BETTING THING AS A BUSINESS WELL YOU SHOULD CONTROL YOUR TEMPER AND AS YOU ACCEPT WHEN YOU WIN YOU SHOULD ACCEPT WHEN YOU LOSE AND KEEP GOING, DO THE HOMEWORK EVERYDAY ALWAYS HAVING THE MOTIVATION THAT A WIN ALWAYS GIVE  


Great advice - I treat it like a football game - if I lose I only give myself 30mins to recover then it's time to move on. If you know your garbage you can always rebound.  If you get down you will only lose more - short term memory baby..
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#23
Posted: 4/20/2012 12:14:49 PM
keep your head up buddy 
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#24
Posted: 4/20/2012 12:15:38 PM
The real difference between a winning and a losing sports bettor isn't always picking the winners instead of the losers. To be a true winner in the sports betting field you not only need to pick winners, but you also need to understand and apply solid money management.

There are plenty of so-called easy money sports betting money management systems out there, but if you want to really be successful you just have to stick to two things: Straight betting and flat betting.

When we say straight betting we mean avoiding things like parlays, teasers, props and futures. These are usually heavily promoted by sportsbooks because they make them lots of money.

Think of it this way. You have three teams picked as surefire winners this week. Instead of betting on each game individually, you put all three on a parlay. By doing this you're limiting your results to only two outcomes, namely that all three win and you get paid, or one or two loses and you get nothing. If you bet on these three games individually you could still make a profit if you win two out of three. Even if you only win one of the games you still make some of your money back, unlike a losing parlay, which costs you everything.

Simply sticking to making straight bets will not assure you solid money management though. You also have to stick to flat betting. This means you must bet the same, or at least a very similar amount, on each bet.
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#25
Posted: 4/20/2012 12:15:51 PM
any people believe varying the size of their bets will help them to win more in the long run. This is of course false. Let's use another example with three bets.

In Game 1, you think the Patriots are a lock so you bet $300 to win $285. In your other two games you don't feel as confident on the Eagles and Lions, so you bet $150 to win $135 on both. You end up winning two out of three, but it is the two games where you placed smaller bets. You risked $600 on the three games and even though you were successful in two of three, you ended up with only $570 and a $30 overall loss. If you had bet all three games with the same amount of money, you would have made a profit. Unless you stick to flat betting, you are not guaranteed a profit even if you pick more winners than losers.

Now that you know how to bet, the next question is how much should you bet? A bettor always wants to maximize their winnings, while also keeping enough money in their account to keep afloat during a losing streak.

The best way to do this is to play a percentage of your bankroll on each bet. The percentage you play, though, should be determined by the size of your bankroll. For bettors with a large bankroll the magic number is usually 2-3 %. For someone with a small bankroll this may be a little low. Say you only have $100 in your bankroll. Two to three percent of $100 is only $2 or $3 per wager. That would be considered a very small bet and a winning wager would have very little profit. If you have a small bankroll (say around $250 or smaller), you may want to bet between 5-7.5 % of your bankroll per bet. This will encourage a better profit if you can successfully pick the winners.

Now that you know how you should be managing the money in your sportsbook account, all you have to do is stick with the plan. A large part of successful sports betting is discipline. You have to discipline yourself from placing a big wager on the so-called lock to win. People who are always looking for the fast money on a couple of bets will eventually get burned and end up broke. Stick to straight betting and flat betting and success will follow if you can pick the winner. A professional sports bettor works for a 60 percent winner-to-loser ratio. If you can come close to that over a season while being a disciplined bettor, you'll reap the rewards.
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