[dontknowhowtobet]

based after

delete "based"

[tb1984]

dontknowhowtobet, you're doing a right thing here. We should never encourage people to gamble.

[dontknowhowtobet]

so find and play +Ev situations to the best of your ability, use a proper bet size to avoid financial ruin and maximize growth

You could play at odds higher than +EV .. you can bet 100 to win 500 ... that's not the point.
The point is the more you gamble the more you're into this.

Once it becomes an addiction different people react differently.
Some just throw $10/week on some few lottery tickets, and some can afford spending $100/week on some NHL or Football games.

But for some, who might have been in the category of the ones I mentioned before (spending no more than $100/week) - they can end up spending thousands per week, they can go with $10k on 1 game just because their gut feeling is telling them to proceed ...

These people would end up hurting themselves so badly.
So even if you think it's okay to gamble moderately the consequences are unknown ...

Someone who started with a £5 bet ended up losing £750,000!

https://audioboo.fm/boos/1598875-a-l...and-his-family

[dontknowhowtobet]

dontknowhowtobet, you're doing a right thing here. We should never encourage people to gamble.

[jjgold]

You could say the same things with drugs and alcohol

If you don't drink, gamble, do drugs, in any sort of moderation you're a real boring guy

[dontknowhowtobet]

You could say the same things with drugs and alcohol

If you don't drink, gamble, do drugs, in any sort of moderation you're a real boring guy

Gambling + Moderation = Cannot coincide.
Drugs + Moderation = Cannot coincide neither.

But

Alcohol + Moderation = OK

[Sam Odom]

dontknowhowtobet , you are coming off as a 'know it all' reformed degenerate loser

Sammy may be wrong...

7/5 you have lost your shirt several times before and now want to save the world

[MoMoneyMoVaughn]

Gambling + Moderation = Cannot coincide.
Drugs + Moderation = Cannot coincide neither.

But

Alcohol + Moderation = OK

Are you being serious? Or drawing attention to the fact thats its sort of absurd to compare one vice to another in such a way.

Alcohol is just as bad as any of these things. This is partially because of its availability. It can be equally destructive. Atleast if you are a gambling addict you still, in theory, have your health.

Doesn't matter how much money you lose if your going to die of a heart attack or cirrhosis at age 42.

[MoMoneyMoVaughn]

Okay, the source is here:

http://www.gamblingfactsandfictions.com/id17.htm

I bought the book itself.
First published by AuthorHouse 07/02/04
ISBN: 1-4184-7241-7 (ebk)
ISBN: 1-4184-7240-9 (sc)

Stephen Katz is a graduate of Penn State University having majored in finance.
He wrote this book based after conducting research and having discussions with thousands of other gamblers.

Whilst this might not be as highly as academic as some might look for, it's enough for me.

Thanks man. Will go through this stuff. Not trying to be an academic high and mighty - I am far from an academic.

I just think even information like this, that seems to have no other intention but to help you, must be taken with a grain of salt. Especially when someone is trying to sell you their book.

[smoke a bowl]

The Factual Laws of Gambling:


1. Every bet will lead to financial loss.
2. The next bet continues a gambling losing streak.
3. There is not any such thing as luck with gambling.
4. Whatever the gambling house edge, that percentage of money bet is lost.
5. There is not any skill in gambling as far as making money is concerned.
6. Gambling which involves handicapping is betting on random numbers.
7. Being close to winning money is a false perception in gambling.
8. Gambling long enough results in losing all money, credit and assets.
9. It is impossible to permanently win money on gambling house games.
10. The only way to beat gambling is to never bet.

Great advice for 99% of the gambling world.

[Ghenghis Kahn]

most important thing about winning and losing is chasing your losses.

winning is easy, it's how you deal with losses.

i say about 90% or higher can't handle losses well and will start to either increase their bets or bet games they normally wouldn't.

you virtually have to be a robot to succeed in sports betting or any other gambling, you have to eliminate your emotions completely.

that's why it's hard for us humans...

[Ghenghis Kahn]

don'tknowhowtobet will relapse -800

don'tknowhowtobet will never gamble again +1000

[jjgold]

Dont Know I do not need your advice

I know it all man

[Sam Odom]

dontknowhowtobet , you are coming off as a 'know it all' reformed degenerate loser

Sammy may be wrong...

7/5 you have lost your shirt several times before and now want to save the world

don'tknowhowtobet will relapse -800

don'tknowhowtobet will never gamble again +1000

will relapse -800 for 1600.00

[dontknowhowtobet]

Are you being serious? Or drawing attention to the fact thats its sort of absurd to compare one vice to another in such a way.

Alcohol is just as bad as any of these things. This is partially because of its availability. It can be equally destructive. Atleast if you are a gambling addict you still, in theory, have your health.

Doesn't matter how much money you lose if your going to die of a heart attack or cirrhosis at age 42.

Well, I was trying to answer JJ with a JJ's type of answer.

[dontknowhowtobet]

7/5 you have lost your shirt several times before and now want to save the world

No, I haven't, and I prefer not to "hit rock bottom" in my life ... I've never "hit rock bottom" in my life and hopefully I never will.

[dontknowhowtobet]

Thanks man. Will go through this stuff. Not trying to be an academic high and mighty - I am far from an academic.

I just think even information like this, that seems to have no other intention but to help you, must be taken with a grain of salt. Especially when someone is trying to sell you their book.

Well, to an extent yes, but the website itself provides you enough information for free without buying the book.
So I wouldn't say the author is an ass for doing that ... he's allowed to make some profit that allows him to run this website for such a long time and so forth.

[gauchojake]

Why would anyone ever take gambling advice from someone whose handle is dontknowhowtobet?

[dontknowhowtobet]

don'tknowhowtobet will relapse -800

don'tknowhowtobet will never gamble again +1000

lol ... can you convert it to decimal? I don't even know what it means....

[dontknowhowtobet]

Why would anyone ever take gambling advice from someone whose handle is dontknowhowtobet?

I chose this nickname because I like it ... if my nickname would have gauchjoke would it make any difference?

[uvarunthetable]

No, I haven't, and I prefer not to "hit rock bottom" in my life ... I've never "hit rock bottom" in my life and hopefully I never will.

You flew to a different country to bet 25k on the outcome of a presidential election because you read a Nate Silver blog post... how'd that sandstone feel on your feet?

[dontknowhowtobet]

You flew to a different country to bet 25k on the outcome of a presidential election because you read a Nate Silver blog post... how'd that sandstone feel on your feet?

Are you asking how does it feel now or how it felt back then?
I was going nuts back then, I remember it was full of anxiety and stuff ... I booked a hotel room for 7 days before the elections ... just been there and tried to relax, relax and relax ... at the day it was over I was glad I cashed it ... but honestly looking backwards it was the worst thing that ever happened to me.

Some time later I lost around $32k to LSBet.com - I have posted about it as well, Sam Odom seems to be excellent finder of my old posts.

[boeing power]

don'tknowhowtobet will relapse -800

don'tknowhowtobet will never gamble again +1000

I'll take both sides for the scalp.

[Ghenghis Kahn]

lol good catch.

[KVB]

It's all about the information you have and how you use it.

How many of them exist? I can bet with you might find maybe just 1 of them among a group of at least 100,000 gamblers.

I'm seeing tendencies here. Maybe "value" in in the yes bet. Although a it's a bit like the "value" in the Presdential election.

[Sam Odom]

Betting LOCK LOCK LOCK plays will break your bankroll


http://www.sportsbookreview.com/foru...l#post22407357

[dontknowhowtobet]

Betting LOCK LOCK LOCK plays will break your bankroll


http://www.sportsbookreview.com/foru...l#post22407357

I think I spent $200 or so for this bet ... I felt excited and happy to start these threads back then ... in fact I did it for the joy out of it, perhaps I haven't even placed any bet in that game, which is why I was following up with it with constant screenshots ... when I placed big losing bets trust me, I haven't started any threads at all .... it's a hidden addiction, that's what it is.

[KVB]

Self discipline. Get a few Sierra Nevada Torpedos in me and I start doing 5 team round robins, stupid shit like that. Gotta get a shock collar for myself or something.

One has to understand the mind! What you think is not correct! What is written is correct.

Keep Notes that you can improve upon because the brain is thinking wrong to begin with which cannot be improved and if tried will only goes backwards.

Know your personality! I am a risk taker taking me towards the riskious bets that I need to stay away from. I am also one whom believes I am better then anyone else where as I believe that I can do that. I am also a perfectionist.

The mind will play tricks on you that most of you will never understand. JJ is a perfect example of wanting to lose.

exactly you cant Gamble on anything if you expect a high probability of long term money making success. If one defines a Gamble as any negative expectation situation you risk money on which is how I like to use the term Gamble.

so find and play +Ev situations to the best of your ability, use a proper bet size to avoid financial ruin and maximize growth

tell your self daily this is a Marathon not a Sprint.

thats basically it.

most important thing about winning and losing is chasing your losses.

winning is easy, it's how you deal with losses.

i say about 90% or higher can't handle losses well and will start to either increase their bets or bet games they normally wouldn't.

you virtually have to be a robot to succeed in sports betting or any other gambling, you have to eliminate your emotions completely.

that's why it's hard for us humans...

These are excellent contributions to the thread. Way to stay on topic.

And yes, dontknowhowtobet, your gambling behavior is exemplary of what not to do if you want to be a winning gambler. Thanks for your example.

[KVB]

Another very solid post !

There is so much to learn in some threads if someone is actually trying to improve themselves and have a better understanding of wagering.

Someone gets it. One behavior that hurts your chances of being a winner is the inability to learn, whether by stubbornness or intellectual capacity. A winning bettor is constantly learning and must be willing to try new things.

[Jcole94]

The real reason you are losing is because you need luck. Luck is a skill believe it or not

http://www.sportsbookreview.com/foru...zing-wins.html

[dontknowhowtobet]

A winning bettor is constantly learning and must be willing to try new things.

That's a joke, right?
A winning bettor constantly learning?
Can I register to study these techniques at your University? What's the fee for Bachelors degree?

LOL

Try asking those guys sitting next to the Roulette Table in Vegas if they are "constantly learning" ... same applies on sports bettor, nuff said.

[KVB]

Winning bettors trump lady luck with patience and discipline. After all, she goes both ways.

[dontknowhowtobet]

If you guys want to bring in old posts you should also bring in some others:

http://www.sportsbookreview.com/foru...l#post17589774

http://www.sportsbookreview.com/foru...2-000-gbp.html

And also the last playoffs I capped it nicely ... but why does it matter?
I'm without this crap living much better life now.

[KVB]

That's a joke, right?
A winning bettor constantly learning?
Can I register to study these techniques at your University? What's the fee for Bachelors degree?

LOL

Try asking those guys sitting next to the Roulette Table in Vegas if they are "constantly learning" ... same applies on sports bettor, nuff said.

We're talking about the sports betting marketplace in this thread. We're not talking about the casino floor, we're not talking poker (although it can certainly apply), and we sure as hell aren't talking about political elections.

[jjgold]

Don't know the more you say you don't gamble the more you miss it

I would not doubt if you're gambling right now