I see where you're coming from, but you shouldn't force yourself to play as many games as possible.
If there's only 1 game that you feel strong about, then only play that 1 game. But if you find 5 games that you like, then play those 5.
Why is everyone so hung up on 16 games a day!!! Out of all the information in my post, the idea of playing 16 games a day was the least important concept. In fact, it was just an example to make the math easier to understand.
Like I said, it could be 5 games a week vs. 15 games a week, or month, or year.
And actually, you should "force yourself to play as many games as possible" IF you have a +EV on those games. If not, you're simply leaving money on the table. This is why if you're capping at 60% or more...what you're actually doing is passing up a sizable number of +EV bets, and not making as much as you could otherwise.
Why is everyone so hung up on 16 games a day!!! Out of all the information in my post, the idea of playing 16 games a day was the least important concept. In fact, it was just an example to make the math easier to understand.
Like I said, it could be 5 games a week vs. 15 games a week, or month, or year.
And actually, you should "force yourself to play as many games as possible" IF you have a +EV on those games. If not, you're simply leaving money on the table. This is why if you're capping at 60% or more...what you're actually doing is passing up a sizable number of +EV bets, and not making as much as you could otherwise.
I hear ya. What's funny is that most of the posters on Covers have more than enough insight to beat Joe Public on a weekly basis and make money at this long-term. Money Mgmt really is 80%-90% of this game, and its what kills 80%-90% of most people.
I signed up back in Jan '07 and posted a little initially, then stopped completely until now. Covers is a great resource, and I've been lurking around the forums the whole time, just never felt the itch to post much. I started posting my plays this preseason just for the hell of it. I planned on posting CFB/NFL this year, we'll see how long that lasts though.
GL.
I hear ya. What's funny is that most of the posters on Covers have more than enough insight to beat Joe Public on a weekly basis and make money at this long-term. Money Mgmt really is 80%-90% of this game, and its what kills 80%-90% of most people.
I signed up back in Jan '07 and posted a little initially, then stopped completely until now. Covers is a great resource, and I've been lurking around the forums the whole time, just never felt the itch to post much. I started posting my plays this preseason just for the hell of it. I planned on posting CFB/NFL this year, we'll see how long that lasts though.
GL.
This is a terrible thread, littered with terrible advice.
First, the idea that only playing 1 or 2 games is somehow preferable to betting 4, 10, 15 or even 20 games is total garbage. The focus is on increasing net units, not maximizing your % of winners. Every time you have a positive expected value (+EV) on a game (which is generally in the 54%-58% range) you pull the trigger.
A long term winning percentage over 60% is actually too high. You’re just leaving money on the table.
Assuming you risk $110 to win $100, if you make only five bets on a given day, and win three of them, that's a winning percentage of 60% and a net profit for the day of $80 dollars. (You win $300 and lose 220 dollars.)
BUT, if I make 16 bets on that same day and win 9 of them….I only won 56.25% of my bets. HOWEVER, I made 62.5% more money than you did for the day - $130 dollars. (I won $900 and lost $770 dollars.)
Second, to the poster who plans on writing off losses on their taxes. Hate to burst your bubble, but the tax man has a big problem with taking a deduction for net gambling losses.
The basics: Flat betting.. no more than 2% of your bankroll on any given game. Unless you can routinely and accurately calculate your EV on a given game (which while theoretically possible, is in reality almost impossible to do) using a “1 star”, “5 star” or “30 dime winner” is quite honestly idiotic and counterproductive.
Look, man, don't bother responding. This is where I got 100 rock bets and 16 bets from. "Just so you know."
This is a terrible thread, littered with terrible advice.
First, the idea that only playing 1 or 2 games is somehow preferable to betting 4, 10, 15 or even 20 games is total garbage. The focus is on increasing net units, not maximizing your % of winners. Every time you have a positive expected value (+EV) on a game (which is generally in the 54%-58% range) you pull the trigger.
A long term winning percentage over 60% is actually too high. You’re just leaving money on the table.
Assuming you risk $110 to win $100, if you make only five bets on a given day, and win three of them, that's a winning percentage of 60% and a net profit for the day of $80 dollars. (You win $300 and lose 220 dollars.)
BUT, if I make 16 bets on that same day and win 9 of them….I only won 56.25% of my bets. HOWEVER, I made 62.5% more money than you did for the day - $130 dollars. (I won $900 and lost $770 dollars.)
Second, to the poster who plans on writing off losses on their taxes. Hate to burst your bubble, but the tax man has a big problem with taking a deduction for net gambling losses.
The basics: Flat betting.. no more than 2% of your bankroll on any given game. Unless you can routinely and accurately calculate your EV on a given game (which while theoretically possible, is in reality almost impossible to do) using a “1 star”, “5 star” or “30 dime winner” is quite honestly idiotic and counterproductive.
Look, man, don't bother responding. This is where I got 100 rock bets and 16 bets from. "Just so you know."
This is a terrible thread, littered with terrible advice.
First, the idea that only playing 1 or 2 games is somehow preferable to betting 4, 10, 15 or even 20 games is total garbage. The focus is on increasing net units, not maximizing your % of winners. Every time you have a positive expected value (+EV) on a game (which is generally in the 54%-58% range) you pull the trigger.
A long term winning percentage over 60% is actually too high. You’re just leaving money on the table.
Assuming you risk $110 to win $100, if you make only five bets on a given day, and win three of them, that's a winning percentage of 60% and a net profit for the day of $80 dollars. (You win $300 and lose 220 dollars.)
BUT, if I make 16 bets on that same day and win 9 of them….I only won 56.25% of my bets. HOWEVER, I made 62.5% more money than you did for the day - $130 dollars. (I won $900 and lost $770 dollars.)
Second, to the poster who plans on writing off losses on their taxes. Hate to burst your bubble, but the tax man has a big problem with taking a deduction for net gambling losses.
The basics: Flat betting.. no more than 2% of your bankroll on any given game. Unless you can routinely and accurately calculate your EV on a given game (which while theoretically possible, is in reality almost impossible to do) using a “1 star”, “5 star” or “30 dime winner” is quite honestly idiotic and counterproductive.
so what happens when he loses 60+% one week? he loses "65%+ more than he would have if he only bet 2-3 games...
not everyone is made of money & has a few tens-of-thousands of "pocket money" to blow on 9 games a week.
take your terrible attitude to a different thread.
This is a terrible thread, littered with terrible advice.
First, the idea that only playing 1 or 2 games is somehow preferable to betting 4, 10, 15 or even 20 games is total garbage. The focus is on increasing net units, not maximizing your % of winners. Every time you have a positive expected value (+EV) on a game (which is generally in the 54%-58% range) you pull the trigger.
A long term winning percentage over 60% is actually too high. You’re just leaving money on the table.
Assuming you risk $110 to win $100, if you make only five bets on a given day, and win three of them, that's a winning percentage of 60% and a net profit for the day of $80 dollars. (You win $300 and lose 220 dollars.)
BUT, if I make 16 bets on that same day and win 9 of them….I only won 56.25% of my bets. HOWEVER, I made 62.5% more money than you did for the day - $130 dollars. (I won $900 and lost $770 dollars.)
Second, to the poster who plans on writing off losses on their taxes. Hate to burst your bubble, but the tax man has a big problem with taking a deduction for net gambling losses.
The basics: Flat betting.. no more than 2% of your bankroll on any given game. Unless you can routinely and accurately calculate your EV on a given game (which while theoretically possible, is in reality almost impossible to do) using a “1 star”, “5 star” or “30 dime winner” is quite honestly idiotic and counterproductive.
so what happens when he loses 60+% one week? he loses "65%+ more than he would have if he only bet 2-3 games...
not everyone is made of money & has a few tens-of-thousands of "pocket money" to blow on 9 games a week.
take your terrible attitude to a different thread.
Ummmm, I only posted once in this thread.
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Ummmm, I only posted once in this thread.
![]()
so what happens when he loses 60+% one week? he loses "65%+ more than he would have if he only bet 2-3 games...
not everyone is made of money & has a few tens-of-thousands of "pocket money" to blow on 9 games a week.
take your terrible attitude to a different thread.
True. If he's picking less than 40% winners, he'll lose more money betting more games. That's why you're only risking 2% of your roll on any one game...so you can weather those storms.
And if you're routinely picking <40% winners...money management is the least of your concerns......
I love these posters who justify ridiculous money management and betting strategies on the basis that "they're not made of money." With a little bit of research, patience, and money mgmt, you're not "blowing" any money...you're investing.
If you want to get rich quick...play the freaking lottery. Just don't spout off like you're giving reliable advice to a beginner. Or, just keep betting huge amounts of your bankroll on a single game, keep chasing losses, and otherwise stick with what you're doing. The end result will be same. You'll keep reloading your offshore account and paying your bookie.
so what happens when he loses 60+% one week? he loses "65%+ more than he would have if he only bet 2-3 games...
not everyone is made of money & has a few tens-of-thousands of "pocket money" to blow on 9 games a week.
take your terrible attitude to a different thread.
True. If he's picking less than 40% winners, he'll lose more money betting more games. That's why you're only risking 2% of your roll on any one game...so you can weather those storms.
And if you're routinely picking <40% winners...money management is the least of your concerns......
I love these posters who justify ridiculous money management and betting strategies on the basis that "they're not made of money." With a little bit of research, patience, and money mgmt, you're not "blowing" any money...you're investing.
If you want to get rich quick...play the freaking lottery. Just don't spout off like you're giving reliable advice to a beginner. Or, just keep betting huge amounts of your bankroll on a single game, keep chasing losses, and otherwise stick with what you're doing. The end result will be same. You'll keep reloading your offshore account and paying your bookie.
Bigdaddy...glad to see you found this thread and chimed in. You always seem to give good advise and I totally agree with your first 2 points and #5. I was thinking the same thing.
Bigdaddy...glad to see you found this thread and chimed in. You always seem to give good advise and I totally agree with your first 2 points and #5. I was thinking the same thing.
Bigdaddy...glad to see you found this thread and chimed in. You always seem to give good advise and I totally agree with your first 2 points and #5. I was thinking the same thing.
![]()
Nice to see you on the thread bro. It's almost that time of the year I'm salivating just thinking about football ![]()
As far as the advice you know I'm always willing to try to help anyone that wants or ask for it. May not be the right advice but I try.
Good luck this season my friend
I'll see you on the football threads ![]()
Bigdaddy...glad to see you found this thread and chimed in. You always seem to give good advise and I totally agree with your first 2 points and #5. I was thinking the same thing.
![]()
Nice to see you on the thread bro. It's almost that time of the year I'm salivating just thinking about football ![]()
As far as the advice you know I'm always willing to try to help anyone that wants or ask for it. May not be the right advice but I try.
Good luck this season my friend
I'll see you on the football threads ![]()
| Wager Type: | Moneyline |
| Wager Status: | Win |
| Risk/To Win Amount: | 1,868.00 / 200.00 (CAD) |
| Date Accepted: | 18-August-2008 |
| Time Accepted: | 5:31:49 PM (Pacific) |
| Amount Paid: | 2,068.00 |
| Sport/Period: | Volleyball Betting - Women Volleyball / Game |
| Teams: | Cuba vs Serbia |
| Game Date | 18-August-2008 |
| Wager Line: | Cuba -934 |
| Wager Type: | Moneyline |
| Wager Status: | Win |
| Risk/To Win Amount: | 1,868.00 / 200.00 (CAD) |
| Date Accepted: | 18-August-2008 |
| Time Accepted: | 5:31:49 PM (Pacific) |
| Amount Paid: | 2,068.00 |
| Sport/Period: | Volleyball Betting - Women Volleyball / Game |
| Teams: | Cuba vs Serbia |
| Game Date | 18-August-2008 |
| Wager Line: | Cuba -934 |
| Wager Type: | Moneyline |
| Wager Status: | Win |
| Risk/To Win Amount: | 1,868.00 / 200.00 (CAD) |
| Date Accepted: | 18-August-2008 |
| Time Accepted: | 5:31:49 PM (Pacific) |
| Amount Paid: | 2,068.00 |
| Sport/Period: | Volleyball Betting - Women Volleyball / Game |
| Teams: | Cuba vs Serbia |
| Game Date | 18-August-2008 |
| Wager Line: | Cuba -934 |
| Wager Type: | Moneyline |
| Wager Status: | Win |
| Risk/To Win Amount: | 1,868.00 / 200.00 (CAD) |
| Date Accepted: | 18-August-2008 |
| Time Accepted: | 5:31:49 PM (Pacific) |
| Amount Paid: | 2,068.00 |
| Sport/Period: | Volleyball Betting - Women Volleyball / Game |
| Teams: | Cuba vs Serbia |
| Game Date | 18-August-2008 |
| Wager Line: | Cuba -934 |

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