#1 reason why 90% of sports bettors are not successful

Quote Originally Posted by Howell83:

I agree with this, being a newbie to the site and only gambling on games for the past couple of years, mainly thru a local bookie, I have realized that it is A LOT easier to bet more money on games thru an internet booking site. Would I have thrown down $200 on SDSU vs Hawaii ML last week if the cash was in my hand....Most probably not. But with it just being a number on the screen and a mouse click away, its a lot easier to make larger bets online than in person, my opinion anyway. I had to teach myself that. Still catch myself doing it, but not as bad as it was. Great post, money management is the key to making $ here, we are all on the same team with that.

Quote Originally Posted by Alien-1:

You are 100% correct.

 However, there is a much greater possibility that you will encounter wins after enduring a lengthy losing streak. It's the law of averages. If youre making sound decisions and capping like you've always done(youre doing everything the same as when you were on a winning streak)your luck will eventually turn. It's the law of the universe......it can't be denied.

The trick is..... realize you're ON a losing streak and  really minimize your bet amounts until you strart clicking again.

Quote Originally Posted by thorpe:

Quote Originally Posted by thorpe:

Quote Originally Posted by Michfan15:

preach on buddy lets crush some coll bball

Quote Originally Posted by Howell83:

I was playing 20-30 games a week, always seemed like I was chasing to get ahead...now I play 6-8 games a week and im doing a hell of a lot better. Plus you get the strong urge to parlay games you feel are so called, "locks". That was definitely something difficult to stop.

You win some, you lose some, just be smart with it and get greedy. Its a hobby and that's what people have to get thru their heads.

Quote Originally Posted by Beechernic:

The ebbs and flows of wagering only ever get highlighted when you start writing every wager down in a book/journal.   When I look back at this (VERY FORTUNATE) season, I can see the following:

Weeks 3 & 4 - 60%.       Week 5 - 40%.    Week 6 - 80%.    Week 7 - 100%,     Week 8 - 33%.     Etc.....

But staying the course at $25-30 a game keeps me above board.  How easy would it be to let my hair down and bet $100-200 a game in week 8??????   EASY!!!!, (after weeks 6-7, ha)  but, wow, 7 weeks of investing in my tv, the internet, team pages, etc... would have been gone!!!

Quote Originally Posted by thorpe:

Quote Originally Posted by thorpe:

Quote Originally Posted by Alien-1:

That's right.

I haven't even touched on the emotional aspect of losing yet. If you cannot accept losing on a regular basis than get out right now,,,,,,,,,,it will ultimately bring you down. Losing is a certainty.....it's part of the whole process to be successful.

Quote Originally Posted by Oktoberfestlax4:

Quote Originally Posted by whisperman:

The key variables in successful sports betting are..The size of bankroll..the season ending profit goal..the number of selections and then a realistic estimate of win proficiency.

Betting 10 games per week at 1100 a pop will earn 27,200 over course of a 17 game nfl season if you win 60 percent of your plays. by contrast, betting three games per week at 1100 each will earn 15,300 over a full season hitting 67% winners.

60 percent over a full nfl season is attainable but very optimistic for even the best cappers. 67 percent is virtually impossible over extended years.

My point being..even if you are a consistent 60 percent capper you will have to bet at least 10 games a week at 1100 a game just to make a very modest living..this of course being over an nfl season only

Great thread by the way..hopefully will get people thinking about what is really important in making long term profits for fun or real profit..

Quote Originally Posted by Alien-1:

very good observation Okto.....I agree