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Bankroll Management Anonymous Meeting

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Posted: #26

Betting Words of Wisdom

 

Do NOT Chase.. tomorrow is a brand new day

 

Bet the same amount on EVERY game.. MONEY MANAGEMENT

 

Try to Limit plays to no more than 3 a day

 

Do your own research before making a wager

 

THINK of the possibility of a loss before you submit your bet

 

Never bet with your heart! Or on your own team! Especially on the NETS

 
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Posted: #27
You Can Do iiiiiiiiiT..
 
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Posted: #28
It was a tough one, didn't get bit on Lou but the Bruins and Zags burned me........got lucky late with Zona and Port 2nd 1/2 but none the less a losing night with buff losing their big lead and pushing, ucla losing late, and the zags falling short of the cover.....
 
You may have depleted your roll, but think of it this way....you had a good run, had a bad bad night and are still not paying out......it happens....you are right on with the management, take your own advice and you will be
 
GL
 
 
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Posted: #29
NickyShavers, ladies and gentlemen! Douchebag extraordinaire!

bracks, SAINTS -- thanks for the thoughts. Just gotta keep the long term perspective.

buzz -- no joke man.

cheeze -- thanks for sharing, its because we can all exchange information and learn from each other that none of us will hopefully go busto.

nbafan -- fantastic words of wisdom, appreciate you posting them.

 
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Posted: #30
Quote Originally Posted by nbafan88:

Betting Words of Wisdom

 

Do NOT Chase.. tomorrow is a brand new day

 

Bet the same amount on EVERY game.. MONEY MANAGEMENT

 

Try to Limit plays to no more than 3 a day

 

Do your own research before making a wager

 

THINK of the possibility of a loss before you submit your bet

 

Never bet with your heart! Or on your own team! Especially on the NETS

I definately agree with your management and have been on both sides of the chase: "tomorrow is a brand new day"

but why 3 a day, are you just saying limit your plays?.....i would hate to think you would dismiss a good play just to keep your limit....what about a saturday vs. a tuesday where there are many more plays on sat...

 
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Posted: #31
My name is Bill and Im a degenerate. The only game I won last night was N.Dame and thats because I loved L'Ville so much and the game screamed trap. In the last 4 days, over half my L's have been by a bucket or less, not counting the ass fucking that was UCLa last nite. I am done taking road faves as well. That trend has been hitting like no other ncaa season. It all evens out or get closer to 50% eventually. Just like anyone that follows the NBA. Up until about 2-3 weeks ago, 75% of games were under. Now complete opposite. Home dogs from here on out.......and a few home faves. Mountaineers.ya hear me?!?!?!?!?
 
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Posted: #32
Kapono.......I was there with you last night, lost Illinois and UCLA.  I figure Illinois was a lost, but the UCLA game was a back breaker.  Went to bed last night feeling awful.  We all blame the referencing last night and it was mariganal, but I remember one thing from playing days.  Later let the officals determine the outcome of an event, and UCLA did that.  We all suffer from that.
 
Go back to how you got on the run.  Bet smartly and money management.  Do not let the wagering Gods talk you into more than your limits.  I see people on here wagering dimes and more, that is grear for them.  When they hit, but the opposite end is a hard pill to swallow.
 
Today is a new day, you do not have play everyday.  Bird say it best playing one game and game only.  I went to that about a month ago it does help.  But do not chase the rabbit, it is hard to catch.
 
BOL it will come back.  Remember Blackjack, weather the storm and ride the wave. 
 
 
 
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Posted: #33
$ mgmt as important as picking winners. mine.
1. determine bankroll. if you don't know, learn! what you can lose is your bankroll.
2. i bet 1-5 units. = 1%-5% of bankroll. Estimate is fine. i may have 5, 5 unit bets a season.
3. As you win, bankroll grows...bets grow.
3a. as you lose, bankroll decreases, bets decrease.
This lowers your risk of ruin & allows you to play , theoretically, forever.
 
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Posted: #34
I have to agree completely with nbafan88. Especially with the limit to 3 plays a day rule and the don't bet on your home team rule. Also I would have to say if you're a "tailer" ignore plays from people with 'Location: Pittsburgh' or Pittsburgh team avatars if their play is on... PITTSBURGH!!!
 
Also do YOUR own research. It is YOUR money  
 
Also pay close attention to percentages and how much action a game is getting. If its through the roof, you'll either get lucky or get screwed over by the end of the night. A lot of people obviously fade teams with 70% of the action but that statistic is misleading. If you look further you will see that although one side appears to have 70% of the wagers, that is just the public opinion. When you take a look at percentages for the experts the ration is about 60-40 or less 
 
Don't be fooled.
Be an asset and help eachother out when you can.
Manage your money. If you go big on one particular wager and hit, don't do it again on your next wager. Go back to small ball. And when baseball season starts, just ignore it
 
But since you're all degens, taking favs all season will equal
 
Thats all I'm going to say. I hope you get what I'm saying
 
I'm no expert I just learn from my mistakes and thought I'd share and contribute to the thread.
 
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Posted: #35
Quote Originally Posted by nbafan88:

Betting Words of Wisdom

 

Do NOT Chase.. tomorrow is a brand new day

 

Bet the same amount on EVERY game.. MONEY MANAGEMENT

 

Try to Limit plays to no more than 3 a day

 

Do your own research before making a wager

 

THINK of the possibility of a loss before you submit your bet

 

Never bet with your heart! Or on your own team! Especially on the NETS




THIS SHOULD BE THE GOSPEL OF BETTING
 
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Posted: #36
hey Kapono ur a good capper don't worry and if it makes u feel any better i got slaughtered on Louisville, Gonzaga , Gonzaga 1st half and second half, UCLA, and Buffalo

Fortunatley Davidson, Troy, Porland U kind of salvaged the night

You will bounce back 
 
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Posted: #37
Hi my name is BIG CACTI and I am a DEGENERATE.
Had a really good day on wednsday cashing two decent sized bets and picking up a few hundred in the casino, well decided to get greedy and go for the good ole "knock out" punch on Louisville -3 to a ND team that probably wouldnt of beaten a good womans team the last few weeks, and UCLA  -1 WOW looking for revenge against an AZ ST team that beat them at home, BBAAAD decision,,, now tonight NOVA +4.5  ARE YOU KIDDING??? Shit I woulda strongly considered them at - 4.5 ... TO BE CONTINUED
 
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Posted: #38
Quote Originally Posted by NickyShavers:

Nicky you are a little Punk ...

Get Lost you Maggot

BEST OF HEALTH, HAPPINESS,WEALTH, BLESSINGS and LUCK TO ALL !!
 
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Posted: #39
 
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Posted: #40
Quote Originally Posted by nbafan88:

Betting Words of Wisdom

Do NOT Chase.. tomorrow is a brand new day

Bet the same amount on EVERY game.. MONEY MANAGEMENT

Try to Limit plays to no more than 3 a day 

Do your own research before making a wager


4 very good points nbafan especially #2. No worse feeling than 2-1 and being down money b/c you lost your big play. I would only add one more:

When you're cold, either bet small, don't bet or pick 1 game each day. 
 
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Posted: #41
The things that I would add to the Words of Wisdom:

- Don't just blindly tail someone
- Be careful of an unranked home team catching less than 3 points against a ranked road team
 
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Posted: #42
Quote Originally Posted by kaponofor3:

Good morning everyone, my name is KaponoFor3, and I am a degenerate

(hi KaponoFor3)

Last night I wiped out all of my profits from a recent 20-4 run because I am undisciplined and didn't practice bankroll management. I was one of the public that got slaughtered on Gonzaga, UCLA, and Louisville. Even Oregon State, down one at the half, couldn't cover 16.5 and they got blown out in the second half and lost by 19. I chased pretty significantly on the OSU (2H) +9 play.

I'm not out of the game, just hurting the morning after. Anyone else have the same experiences, even if it wasn't last night?

Lurkers -- this is why you need to maintain bankroll management and not look to go for the knockout punch or big score.

  We did so good on UCLA last time, but not last night.. If I ever thought the fix was in? How about that lay up Collins to tie the game up late, going around that guy and getting called for charging . Give me a break. Anyway, had the 4 you play, plus started off with some golf head to head and when I woke up this a.m. I check to see how I did.  1-10-1. I have a wife that doesn't know anything about sports that could have done better. The good thing about gambling is yesterday is over and we can start another day fresh.  GL     
 
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Posted: #43
never bet on your own team..........found out the hard way last year in the superbowl with my pats......

the weekend will be strong! chin up
 
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Posted: #44
Yo kap... get some rest/box this weekend... you'll be ready to attack again... no doubt.
 
 
 
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Posted: #45
Mega -- might be the best advice of all
 
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Posted: #46
I got clobbered too but it happens. The only play I really regret was Louisville. UCLA and Gonzaga should have cashed IMO. I'm going to take it easy tonight or I might just take the night off to regroup and then come back strong Saturday.
 
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Posted: #47
 
 
 
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Posted: #48
Hey Cheesestack,
What's up with the "Pittsburgh" comment?
 
 
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Posted: #49
keep your head up
 
 
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Posted: #50
MY NAME IS DOVJAK AND I WENT 5-9 LAST NIGHT. I BET WAT TOO MANY GAMES. I KNOW THAT AND JUST CANT STOP. I LOVE IT.
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