Playing with what you can't lose

Question

I always knew it, then I forget, and then I am reminded just how many people break the Golden Rule of sports betting. I look at all these posts during, then after, games played and I am amazed at how many comments I see like “____ is a gas can”, “I hate ______”, “_______ is a worthless piece of @#%#”, and it becomes obvious that there is an awful lot of people playing with money they can’t afford to part with. I learned the lesson many years ago that doing that is the only guarantee in this game… Guaranteed to lose it. Let me clarify the Golden Rule: If someone plays with money they cannot afford to lose, they are guaranteed to lose it.

It doesn’t matter if they take part on next month’s rent, bet it, and win the bet, they will still lose it. Doesn’t matter if they win a few bets with it and rebuild their bankroll and retain the rent, disaster is lurking around the corner, and disaster will hit, this time, next time, and every time.

The issue is that even if this degenerate goes on the win streak of his life for a month, he is going to bet bigger and bigger until a few losses gets him so tangled up emotionally that he lets it all ride simply so he can get back to where he was.

You’ll know these types when you see them, they are the ones jumping for joy when they win a bet, they are screaming at the TV when they lose. On Covers they will follow someone winning them money and compliment them, and thank them non stop, but then instantly turn around and attack that person if they start to lose. It is a huge emotional roller coaster every day for these guys. They hate every player on a team that lost them money just like they are overwhelmingly complementary to the team that won them money. Another commonality of these types is that they are absolute geniuses at finding losing plays to the point that the world’s greatest handicapper could not win as much on his plays on own as he could if he simply faded this degenerate during his chase. This guy needs the loss as much as he needs the win becomes more exhilarating in contrast.

Personally, my average day puts about 3-6% of my bankroll at risk, and I keep in reserve the ability to completely restock my bankroll 5 times, and I don’t stress for one moment about any game, day, week, or month. I don’t like stress, and refuse to infuse it into my life in any way, so I am in awe at the people I see on here that are either elated, or infuriated every single day.

So, let me repeat the Golden Rule of sports betting …

If someone plays with money they cannot afford to lose, they are guaranteed to lose it.

jstaley12 · Answer

I always knew it, then I forget, and then I am reminded just how many people break the Golden Rule of sports betting. I look at all these posts during, then after, games played and I am amazed at how many comments I see like “____ is a gas can”, “I hate ______”, “_______ is a worthless piece of @#%#”, and it becomes obvious that there is an awful lot of people playing with money they can’t afford to part with. I learned the lesson many years ago that doing that is the only guarantee in this game… Guaranteed to lose it. Let me clarify the Golden Rule: If someone plays with money they cannot afford to lose, they are guaranteed to lose it.

It doesn’t matter if they take part on next month’s rent, bet it, and win the bet, they will still lose it. Doesn’t matter if they win a few bets with it and rebuild their bankroll and retain the rent, disaster is lurking around the corner, and disaster will hit, this time, next time, and every time.

The issue is that even if this degenerate goes on the win streak of his life for a month, he is going to bet bigger and bigger until a few losses gets him so tangled up emotionally that he lets it all ride simply so he can get back to where he was.

You’ll know these types when you see them, they are the ones jumping for joy when they win a bet, they are screaming at the TV when they lose. On Covers they will follow someone winning them money and compliment them, and thank them non stop, but then instantly turn around and attack that person if they start to lose. It is a huge emotional roller coaster every day for these guys. They hate every player on a team that lost them money just like they are overwhelmingly complementary to the team that won them money. Another commonality of these types is that they are absolute geniuses at finding losing plays to the point that the world’s greatest handicapper could not win as much on his plays on own as he could if he simply faded this degenerate during his chase. This guy needs the loss as much as he needs the win becomes more exhilarating in contrast.

Personally, my average day puts about 3-6% of my bankroll at risk, and I keep in reserve the ability to completely restock my bankroll 5 times, and I don’t stress for one moment about any game, day, week, or month. I don’t like stress, and refuse to infuse it into my life in any way, so I am in awe at the people I see on here that are either elated, or infuriated every single day.

So, let me repeat the Golden Rule of sports betting …

If someone plays with money they cannot afford to lose, they are guaranteed to lose it.

TheDoppelganger · Answer

I wish Covers would PIN your post above to the top of their forum. Excellent well written comment and 100% the truth! Thanks for posting this!

jstaley12 · Answer

Hey thanks for the comment DoppleG, very nice of you brother.  BOL today

billywaddy · Answer

Amen

astrat108 · Answer

Very well said sir.

samiophile · Answer

did anyone else notice that Eva Green display pic? ho dayum, LOVE IT!

Slimey_Bastard · Answer

Great post!  I did that long ago, but not anymore.  I used to lose when I really needed a win.  Now that I&#x27;m not going out on a limb, the winning is much easier.

jstaley12 · Answer

Well said brother, the  game cannot be beaten without financial discipline

jstaley12 · Answer

billywaddy.  Thanks astrat108 .  Yeah, she is fine isn&#x27;t she samiophile?

Toothfairy1 · Answer

DISCIPLINE!!!!

KeyElement · Answer

It is well written good advice, but there is no point in inning it anywhere. The same advice has been written on Covers and elsewhere a thousand times (a couple times by me), but the degenerate will not apply it to himself and the good people that limit themselves to gambling with disposable income do not need it. Rage and frustration threads just point out the degeneracy or immaturity of the poster. A few people will agree with this post and some (spoken or unspoken) will hate it because it strikes too close to home, but either way it will soon be forgotten.

KeyElement · Answer

but there is no point in Pinning it anywhere

ta2dtx · Answer

Love this post. Growing up in vegas taught me alot about bankrolling. Thats why i tend to lurk alot on games that are completely overmatched on one side or the other. With this the line is always &#x2B;something usually around to the 300 to 500 range. Yeah you can lose of course we all can. I like you do not watch any sort of games unless its the Astros or Pirates. Yes im a fan of both teams but rest asure if I know they are going to get plowed i will bet against them to. Cause with betting you can be a fan.

KnicksFan18 · Answer

nice post ...facts

RebelTell2 · Answer

Great post...unfortunately the only folks getting your message are the ones who already knew it.RT2

Jarrett75 · Answer

well said and I hope that&#x27;s why they act like idiots saying someone should die, piece of crap etc. You would hope they have a bit more sense in real life but I don&#x27;t know. I had to stop betting wildly a little ways back. I was depositing to my book multiple times a week. I would win quite a bit and blow it. So I asked them to lower my wager to $25 after I won a good chunk, withdrew a good part of that and have only deposited once in the last around 2 months. Some made fun of me since it&#x27;s $25, but I have saved tons of money not having to deposit and have shaved the extra off the top a few times and withdrawn. I had to force myself to be disciplined.

W0LF · Answer

how could anybody NOT notice that?! lol

jstaley12 · Answer

Lol... wow, so you have neatly put all of humanity into a few very defined boxes that you know beyond doubt what each one's possible actions and reactions? Very impressive brother, there are world class psychologists that would not dare claim to be able to do that! Wow!

Look, I have a skill set that I developed over many years, that has made me one of the best in this game, bar none. I am not on here writing long write ups using 7 syllable words, and ‘parroting’ buzz words to make people feel inferior so that they look up to me. I post winning plays, answer questions, and try to help direct people in this one area that I happen to be pretty damn good in. I know in the many areas that I don’t have expertise; I would appreciate someone doing so for me.

I guess the difference between you and I is that I believe in every person failing is someone who posses the ability to win

jstaley12 · Answer

And it sounds like that works for you ta2dtx, that rocks.  I won&#x27;t give myself the luxury of a favorite team, I am aware of my tendency to be biased if I do.  BOL to you bro

jstaley12 · Answer

Thanks Knicksfan18 .     Maybe so RebelTell2, but maybe not.  How many former degenerates transformed after losing their a$$es a few times?  Quite a few, and if it saves one, it was worth it to me.  GL to you          Wolf, I know right? who could miss Eva Green sighhhhh

jstaley12 · Answer

Jarrett, you are proof to contradict  a few opinions that telling people this is a wast of time.  Sure, there are many that have obsessive disorders that have to back away or get destroyed, but there are many that simply jumped in the wrong way, and could use someone to point out a simple flaw that is easily rectified. Good for you and GL

Rio501 · Answer

Just came across this. Excellent original post Jstaley. Surely, worth of a bump...

jstaley12 · Answer

Thank you my brother, thank you very much for the kind words.  Have a great evening

jstaley12 · Answer

and to you FadeOR

Playing with what you can't lose

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