Posted:
#26
Or you can just bet Iranian Rial like Holydiver or Monopoly money like Pix the teaser idiot..
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#1 reason why 90% of sports bettors are not successful
Posted:
#27
Quote Originally Posted by MEGALOCKS:
New nominee for thread of the year
New nominee for thread of the year
Great work. 100% true.
Thx for posting. We should all be here to help each other out to not only "pick winners" but to stay in the game and hopefully turn a profit. 
(so I take it that chasing with teasers is a bad idea?)
Yes, 
chasing with teasers is a very bad idea. However I think a single two, three and even 4 team 8 - 13 point NFL teaser on a Sunday is a good idea with such tight lines in the NFL. However if you lose, don't expect to make it back by just by throwing in a SNF or MNF bet. If those games were qualified to bet, then you should have had them in your teaser.
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tks
Posted:
#31
Quote Originally Posted by Alien-1:
THEY BET TOO MUCH PER GAME !!!!
Not the answer you were looking for?
Well.......it's the number one reason why success eludes 90% of those who venture into sports betting.
I've been meaning to start a thread about money mgt for a few years now and finally decided to get it rolling...........feel free to add your thoughts, comments on this topic as it's THE MOST important aspect of sports betting.
Money mgt .......without it, you will continue to lose and find yourself reloading again and again and again. It's not maybe either but rather a 100% certainty.
No argument that money management matters, but it's not the reason most bettors lose. It's because they just aren't any good at picking winners.
Want proof. Check out the consensus Top 5 in the Hilton contest. There's no money management at all involved, it's just picking games against the spread. They lose every year, and this year even more than usual.
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Posted:
#34
Quote Originally Posted by rhodeislandreds:
No argument that money management matters, but it's not the reason most bettors lose. It's because they just aren't any good at picking winners.
Want proof. Check out the consensus Top 5 in the Hilton contest. There's no money management at all involved, it's just picking games against the spread. They lose every year, and this year even more than usual.
No argument that money management matters, but it's not the reason most bettors lose. It's because they just aren't any good at picking winners.
Want proof. Check out the consensus Top 5 in the Hilton contest. There's no money management at all involved, it's just picking games against the spread. They lose every year, and this year even more than usual.
Yes....you are right....there are those you just cant seem to pick winners consistently. Nothing you can do with that group.
However......there are many novice cappers out there who are excellent at picking winners, they just have no concept when it comes to money mgt
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Posted:
#35
#1 reason: bad capper/analytical skills. I dont care how you use money or what lines you get if you arent a good analytics person when it comes to situations and how games are gonna play out, you don't have a chance before you even open an account
#2 reason: bad money management. I sometimes fall victim to this at times but I overall bet around the same amount per game and I've noticed over the years how it has kept my bankroll alive
#3 reason: juice eats away bankroll- self explanatory
#2 reason: bad money management. I sometimes fall victim to this at times but I overall bet around the same amount per game and I've noticed over the years how it has kept my bankroll alive
#3 reason: juice eats away bankroll- self explanatory
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Posted:
#36
Thats a for sure winning advice. But like you said, 10% agrees and follow this step, the other 90% agrees this weekend and starts to win several units, then starts to bet big the next weekend bc of their false assurance that theyre on fire and want to capitalize on the hot streak. Next you know theyre on a losing streak with the larger bet.
So agreed, but 90% will not play with 1-5% per game.
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Posted:
#37
The reason most bettors are unsuccessful is that most cannot pick winning wagers on a consistent basis . Their
handicapping strategy is more luck than skill.
If you can pick winners on a consistent basis ,and you
know what your realistic win percentage is , you can
easily manage the size of your wagers.
If you cannot pick winners on a consistent basis or you
do not keep track of your win percentage and strive to
constantly improve it you will lose, and you will continue
to lose until you modify your handicapping strategy.
handicapping strategy is more luck than skill.
If you can pick winners on a consistent basis ,and you
know what your realistic win percentage is , you can
easily manage the size of your wagers.
If you cannot pick winners on a consistent basis or you
do not keep track of your win percentage and strive to
constantly improve it you will lose, and you will continue
to lose until you modify your handicapping strategy.
Helping Kama'aina to beat their " Local " since 1994.
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Posted:
#38
So........continuing along. Without proper money mgt you will go bust when that 0 for 10 or 2 for 12 losing streak hits. It hits ALL of us during a season....sometimes it hits several times and if you are betting too much per game, you will get wiped out and have to re load.
I've had streaks so bad I thought someone must have put a curse on me.......0 for 18 and 0 for 20. Yup.....no lie, I've also had winning streaks of 17 in a row, 20 in a row, 24 in a row just to list a few. So in the end it all balances out.................thing is you want to be in the game for when the winning streaks hit.
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Posted:
#39
Quote Originally Posted by demsungsuong:
Thats a for sure winning advice. But like you said, 10% agrees and follow this step, the other 90% agrees this weekend and starts to win several units, then starts to bet big the next weekend bc of their false assurance that theyre on fire and want to capitalize on the hot streak. Next you know theyre on a losing streak with the larger bet.
Thats a for sure winning advice. But like you said, 10% agrees and follow this step, the other 90% agrees this weekend and starts to win several units, then starts to bet big the next weekend bc of their false assurance that theyre on fire and want to capitalize on the hot streak. Next you know theyre on a losing streak with the larger bet.
So agreed, but 90% will not play with 1-5% per game.
You are absolutely correct.....they will not and will eventually lose their bankroll and have to re-load.
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Posted:
#40
Best advice I can give anyone is this...............go out and lose some real money, five hundred, a thousand, maybe five thousand...... then come back to me and tell me how it feels.
We all know the answer. feels terrible.
Until you lose some real money you haven't really experienced the mentality of a bettor. There is no other way on this planet to explain this other than losing some money to see that this is not a game.
without proper money mgt you will continue to lose and this feeling will get worse each time because you know what you should do YET you continue to bet too much per game.
Eventually you will come to the realization that money mgt is the ONLY you will succeed long term. Anyone can have a winning week or winning month............I'm talking about having winning years. Big big difference
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Posted:
#43
I know what my winning percentage is all the way back to
1994 and I modify my strategy annually to improve my
yield. If you can consistently pick winning plays at a
high level, you will not have marginal success or failure.
There is no such thing as a losing streak of 15 or 20 in
a row if your handicapping skills are grounded with
solid mechanics.
Good handicappers do not bet every game and hope
for a result that is in their favor. They are selective and
analytical in their approach to matchups and wager only
on props that provide a significant edge to the bettor.
1994 and I modify my strategy annually to improve my
yield. If you can consistently pick winning plays at a
high level, you will not have marginal success or failure.
There is no such thing as a losing streak of 15 or 20 in
a row if your handicapping skills are grounded with
solid mechanics.
Good handicappers do not bet every game and hope
for a result that is in their favor. They are selective and
analytical in their approach to matchups and wager only
on props that provide a significant edge to the bettor.
Helping Kama'aina to beat their " Local " since 1994.
0
Posted:
#44
Another problem I hear about A LOT is........."Well it's just not interesting enough for me to bet just $100 per game".
I totally understand this dilemma.........everyone is diff, everyone has a diff size bankroll...I get it.
I bet $1000.00 to $5000.00 per game never more, never less. I've always have a bankroll between 50 - 100k. Enables me to endure losing streaks and continue on.
Starting out you must realize that you have to make bets sizes according to your bankroll size..........THERE IS ABSOLUTELY NO GETTING AROUND THIS FACT. This is where discipline comes into play......without it you will fail by betting too much per game !!
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Posted:
#45
Quote Originally Posted by VegasVandal:
#1 reason: bad capper/analytical skills. I dont care how you use money or what lines you get if you arent a good analytics person when it comes to situations and how games are gonna play out, you don't have a chance before you even open an account
#2 reason: bad money management. I sometimes fall victim to this at times but I overall bet around the same amount per game and I've noticed over the years how it has kept my bankroll alive
#3 reason: juice eats away bankroll- self explanatory
#1 reason: bad capper/analytical skills. I dont care how you use money or what lines you get if you arent a good analytics person when it comes to situations and how games are gonna play out, you don't have a chance before you even open an account
#2 reason: bad money management. I sometimes fall victim to this at times but I overall bet around the same amount per game and I've noticed over the years how it has kept my bankroll alive
#3 reason: juice eats away bankroll- self explanatory
Great points VegasV !!!!
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Posted:
#46
Quote Originally Posted by WISEGUY36:
I know what my winning percentage is all the way back to
1994 and I modify my strategy annually to improve my
yield. If you can consistently pick winning plays at a
high level, you will not have marginal success or failure.
There is no such thing as a losing streak of 15 or 20 in
a row if your handicapping skills are grounded with
solid mechanics.
Good handicappers do not bet every game and hope
for a result that is in their favor. They are selective and
analytical in their approach to matchups and wager only
on props that provide a significant edge to the bettor.
I know what my winning percentage is all the way back to
1994 and I modify my strategy annually to improve my
yield. If you can consistently pick winning plays at a
high level, you will not have marginal success or failure.
There is no such thing as a losing streak of 15 or 20 in
a row if your handicapping skills are grounded with
solid mechanics.
Good handicappers do not bet every game and hope
for a result that is in their favor. They are selective and
analytical in their approach to matchups and wager only
on props that provide a significant edge to the bettor.
losing streaks hit EVERYONE..........I don't care who you are. the 2 for 10 or 1 for 8 losing streak hits EVERYONE no matter how good your capping skills are. 15 or 20 in a row is a rarity but does happen even to the best cappers. My point is losing streaks(BAD ONES) happen to us all.
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