Posted:
#1901
My bad, did not comprehend that message correctly.
0
NBA 2011 Playoffs ATS/Tot/1stH/2ndH
Posted:
#1903
Second losing day of the second round.
Since my last 4 unit win (5/6 Dal -2 2ndH) I'm 0-3-1 on my last four 4 unit plays. Fortunately by sticking with sound money management the losses don't hurt as much.
taken from my blog entry:
"Do not concern yourselves with the battles and focus on the war."
"... I [an individual] was betting $100 per game Thursday, Friday and Saturday and made $600. On Sunday I decided to up my bets to $300 a piece in the morning and went 1-2 and lost $360. Since I was down over $300 dollars for Sunday, I bet $700 on the Sunday Night Game. This way I could win back the $360 lost earlier in the day and still show a Sunday profit. Well, the Sunday Night Game lost and now I am in the hole $530 for the week ..."
"...that individual failed to accept that Sunday was not going to produce a net profit for him (the battle). Instead of realizing that Thursday through Sunday was a great success that netted a significant profit (the war), they chose to lose site of the overall plan."
If you make a plan and stick to it you'll take your losses in stride.
"Although the percentage a bettor uses varies the standard or suggested percentage is 2% with a maximum of 5%. So let's say you use 5% to define your unit. With a $500 bankroll you would have to lose 20 plays in a row to go bankrupt. No matter how bad you may run you minimize the possibility that you'll go bankrupt by adhering to unit play as it's defined. If you used the suggested 2% you would have to lose 50 in a row before you had to reach for your wallet. Understanding that bad runs are inevitable I believe it's safe to say that no one has ever lost 50 in a row (and if you have you may want to consider another hobby) so what does that mean? It means never going bust. Never going bankrupt. Never reaching for your wallet. It means a lot. ..."
BOL to you all going forward.
EDIT:
I just noticed that on 5/04 (post #1439 page 58) I posted aYTD record of 91-62-4 +54.80 units 59% .
I then proceeded to go 4-5 -3.00 u. that day.
The next day on 5/05 (post #1551 page 63) I posted a YTD record of 91-62-4 +51.80 units 59%.
As you can see although I correctly edited my YTD units I neglected to do so for the YTD wins and losses.
Below is my corrected and current detailed record.
Round 1
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
Since my last 4 unit win (5/6 Dal -2 2ndH) I'm 0-3-1 on my last four 4 unit plays. Fortunately by sticking with sound money management the losses don't hurt as much.
taken from my blog entry:
"Do not concern yourselves with the battles and focus on the war."
"... I [an individual] was betting $100 per game Thursday, Friday and Saturday and made $600. On Sunday I decided to up my bets to $300 a piece in the morning and went 1-2 and lost $360. Since I was down over $300 dollars for Sunday, I bet $700 on the Sunday Night Game. This way I could win back the $360 lost earlier in the day and still show a Sunday profit. Well, the Sunday Night Game lost and now I am in the hole $530 for the week ..."
"...that individual failed to accept that Sunday was not going to produce a net profit for him (the battle). Instead of realizing that Thursday through Sunday was a great success that netted a significant profit (the war), they chose to lose site of the overall plan."
If you make a plan and stick to it you'll take your losses in stride.
"Although the percentage a bettor uses varies the standard or suggested percentage is 2% with a maximum of 5%. So let's say you use 5% to define your unit. With a $500 bankroll you would have to lose 20 plays in a row to go bankrupt. No matter how bad you may run you minimize the possibility that you'll go bankrupt by adhering to unit play as it's defined. If you used the suggested 2% you would have to lose 50 in a row before you had to reach for your wallet. Understanding that bad runs are inevitable I believe it's safe to say that no one has ever lost 50 in a row (and if you have you may want to consider another hobby) so what does that mean? It means never going bust. Never going bankrupt. Never reaching for your wallet. It means a lot. ..."
BOL to you all going forward.
EDIT:
I just noticed that on 5/04 (post #1439 page 58) I posted aYTD record of 91-62-4 +54.80 units 59% .
I then proceeded to go 4-5 -3.00 u. that day.
The next day on 5/05 (post #1551 page 63) I posted a YTD record of 91-62-4 +51.80 units 59%.
As you can see although I correctly edited my YTD units I neglected to do so for the YTD wins and losses.
Below is my corrected and current detailed record.
Round 1
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
0
Posted:
#1909
Quote Originally Posted by canadiantruth:
rahstah,
rahstah,
I have conversations with a few newer people about gambling and theory (as well as a few veterans) and I have been pushing them all to read your write up on money management.
It really is essential reading for everyone in this forum.
it changes everything
that's what makes me successfull, not in NBA betting yet, but NHL and other at least
thanks for the money management system
GL
0
Posted:
#1913
While I agree money management is key in any successful financial investment, whether it be stocks or gambling, units are used in many different ways. Units can signal a player to what the strength of the play is. It can also indicate how much the person who made the play thinks it's worth. I place unit values on every game I pick. This is based on my bankroll and how strong the pick is. I don't do percentages. If you try an wager simply based on 10% of your roll on each game you play, you WILL LOSE. In order to be truly successful you have to do several things.
1. Money Management
2. Look for the Edge
3. Never chase a loss
There are many strategies and I have yet to hear of anyone who has retired from doing so well.
RahstahMan, I personally like the fact that you have something that works for you. However, I am astounded by all the sheep that follow a play from someone with a bong smoking avatar. Of course many of us know that its just a stupid picture, I mean I have a topless chick in mine and I certainly wouldn't take advice from someone that had and avatar like that either.
This is not a bash, its just a difference in opinion. I hope you all make fortunes, but do your own homework. Understand what games give you the greatest chance of winning.
Good Luck All!
0
Posted:
#1914
"Although the percentage a bettor uses varies the standard or suggested percentage is 2% with a maximum of 5%. So let's say you use 5% to define your unit. With a $500 bankroll you would have to lose 20 plays in a row to go bankrupt. No matter how bad you may run you minimize the possibility that you'll go bankrupt by adhering to unit play as it's defined. If you used the suggested 2% you would have to lose 50 in a row before you had to reach for your wallet. Understanding that bad runs are inevitable I believe it's safe to say that no one has ever lost 50 in a row (and if you have you may want to consider another hobby) so what does that mean? It means never going bust. Never going bankrupt. Never reaching for your wallet. It means a lot. ..."
0
Posted:
#1915
Rah, stay positive, everybody gets cold every now and then. Just gotta keep going. Dont let it get to u and it seems like u are managing your BR accordingly. Your doing something right, u got a big following now with people tailing you. Itz all good holmes. "I'm astounded by all the sheep that follow a play from someone with a bong smoking avatar."(dont listen to this jackass with a naked girl for his avi)
All it takes is one bad day to reduce the sanest man alive to lunacy
0
Posted:
#1920
Round 1
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
5/09
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
GL whichever way you go!
Mia/Bos Under 91 1stH 2 unit
Mia -.5 1stH 2 unit
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
5/09
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
GL whichever way you go!
Mia/Bos Under 91 1stH 2 unit
Mia -.5 1stH 2 unit
0
Posted:
#1921
Quote Originally Posted by RahstahMan:
Round 1
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
5/09
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
GL whichever way you go!
Mia/Bos Under 91 1stH 2 unit
Mia -.5 1stH 2 unit
Round 1
4/16-4/29 78-58-4 +28.60 units 57%
Round 2
5/01 4-1 +8.80
5/02 5-0 +10.80
5/03 4-3 +6.60
5/04 4-5 -3.00
5/06 5-0 +12.60
5/07 4-2-1 +1.20
5/08 4-3 -2.80
5/09
NBA Playoffs
ATS 9-7-1 +2.20
O/U 3-4-1 -2.60
1stH
ATS 17-17-2-0 -7.20
O/U 31-10-0 +37.80
2ndH
ATS 26-19-2 +16.60
O/U 22-15-1 +16.00
YTD 108-72-5 +62.80 units 60%
GL whichever way you go!
Mia/Bos Under 91 1stH 2 unit
Mia -.5 1stH 2 unit
0
Hot Forum Topics
