[KVB]

We all know there are certain behaviors that will virtually guarantee the death of your bankroll. But before you birth another, have you ever considered why it is you lost in the first place? Learning from your losses or mistakes is more than just learning why you made those mistakes or incurred those losses, it’s about not making those mistakes over again; it’s about not losing for the same reasons. I recently posted this:

…There is more to being a winning gambler than picking winners, I’ve said this before in one way or another…If we can identify the things that make us lose, or that inhibit profit, and stop doing them you will come a long way towards being a long term winner. And truthfully, for some bettors, some of those factors are impossible to overcome.

I believe it was Bobby Knight who put it simply: “find out why you’re losing and stop doing that.”

From poor money management to getting hammered before betting to playing into bad numbers, why are you losing? And what are you doing to stop doing that?

[dontknowhowtobet]

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.

[KVB]

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.

Indeed, for many, simply making a bet is why they lost. And there is nothing they can do about it.

But these are not the facts for the long term winning market participants.

In fact, it's been suggested that instead of encouraging losing gamblers to stop gambling, it might be bettor to teach them to stop losing.

[seaborneq]

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.

Absolute truth for 90-95% of us. A dead end with a brick wall or endless cliff at the end.

[dontknowhowtobet]

But these are not the facts for the long term winning market participants.

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.

In fact, it's been suggested that instead of encouraging losing gamblers to stop gambling, it might be bettor to teach them to stop losing.

Where was it suggested? Any source?
The facts I provided above are quoted from a source, you can google search for it.

[dontknowhowtobet]

Absolute truth for 90-95% of us. A dead end with a brick wall or endless cliff at the end.

You joined the forum in 2006 ... wow ...
I wish you safe recovery ...
I've been almost 50 days without gambling and I'm feeling nothing but happiness.
I wish you the same thing.

[seaborneq]

You joined the forum in 2006 ... wow ...
I wish you safe recovery ...
I've been almost 50 days without gambling and I'm feeling nothing but happiness.
I wish you the same thing.

This year is the Least excited I've ever been to send money to sports books. I have not done any research or fantasy teams or anything in anticipation of gambling. I think the end is near for me too. Life is too short, but the first football weekend will change all of that

[dontknowhowtobet]

This year is the Least excited I've ever been to send money to sports books. I have not done any research or fantasy teams or anything in anticipation of gambling. I think the end is near for me too. Life is too short, but the first football weekend will change all of that

You are stating it as if that's a fact that you would send money to sports books during the first weekend of Football.
You need to read some books about why gambling is bad for you, I suggest you search for "Gambling Facts and Fictions" and read it, maybe it would help you.

Oh, and you can order it online, to read it online on Online Amazon Kindle version, it's cheap, and then you get instant access.

[ItsMeMrMattE]

just look at it in its simplest form. sports gambling is basically just guessing at the outcome of an event. some people are good at guessing and knowing when to guess. most are not. end of story.

[professionalAD]

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.

we dont need your negetivaty here in this forum. take your GA miserable asss out of here, vanish pal

[dontknowhowtobet]

just look at it in its simplest form. sports gambling is basically just guessing at the outcome of an event. some people are good at guessing and knowing when to guess. most are not. end of story.

It's not only guessing.
It's a "fee" you pay no matter what the outcome is.
In NBA Basketball or American Football you pick a winner, pay 100 but get only 90 back if you win, same apply to totals (over/under).

And besides guessing there are people who cheat, referees who rig games, so sports is no longer a honest activity ... "when it comes to cash no one can be trusted" (Sean Bean, Ca$h 2010)

[dontknowhowtobet]

we dont need

"We"
What do you think allow you to speak on behalf of all the members of this forum?!

Speak for yourself!

[dontknowhowtobet]

professionalAD - by the way, have you checked when I joined this forum and when you did? Likewise the inadequacy in the number of posts between us?

Between the two of us I think I can allow myself to say what I want, whilst you are just a poor newbie...

[jjgold]

Gambling which involves handicapping is betting on random numbers

that is 1000% accurate

[professionalAD]

professionalAD - by the way, have you checked when I joined this forum and when you did? Likewise the inadequacy in the number of posts between us?

Between the two of us I think I can allow myself to say what I want, whilst you are just a poor newbie...

lol u have like a thousand more posts than me, want a fuucking medal? what do u bring to this forum? complaining how miserable your life is and constantly trying to get other not to bet, sounds to me u joined those bunch of losers at the GA cult. pisss off pal.

[The Prick]

which step out of them 12 are we on?

logged inta the sbrforum an ran smack into a fuggin meeting.

dont matter how self righteous an smug the messenger is, he still got a message

[dontknowhowtobet]

lol u have like a thousand more posts than me, want a fuucking medal? what do u bring to this forum? complaining how miserable your life is and constantly trying to get other not to bet, sounds to me u joined those bunch of losers at the GA cult. pisss off pal.

I think I bring to the forum much more value than you because I've been there where you are now.
2 years ago I brought lots of "value" to the forum telling people to bet on Obama, risking $25,000 to win $10,000:

http://www.sportsbookreview.com/foru...-winnings.html

You just underestimate me because I found the truth about gambling and you haven't.
Carry on if you'd like, but don't be surprised if one day you have nothing left (not only financially).

And next time just speak on your behalf ... whilst my personality in your opinion can be conveyed as a "GA loser", others here have expressed different opinions, such as seaborneq who is SBR Pro and been here since 2006.

So just shut it, pal, you don't seem to have enough 'gambling experience' to draw the right conclusions, and I advise you to keep on gambling if you want to get there in the end, and you will ... so enjoy it while it lasts.

[dontknowhowtobet]

dont matter how self righteous an smug the messenger is, he still got a message

[ItsMeMrMattE]

@dontknowhowtobet- can you think of any other endeavor with the potential to produce profits that doesn't involve some sort of fees or taxes? and yes, there are people who cheat. this isn't a problem isolated to only sports gambling tho. can you think of any other activity that hasn't seen someone try to gain an upper hand through means that are not in align with the majority of other participants morals? if you had to describe, in one sentence, what sports gambling is to someone who had no idea what it was, what would you say?

[Sam Odom]

@ dontknowhowtobet

[dontknowhowtobet]

@dontknowhowtobet- can you think of any other endeavor with the potential to produce profits that doesn't involve some sort of fees or taxes? and yes, there are people who cheat. this isn't a problem isolated to only sports gambling tho. can you think of any other activity that hasn't seen someone try to gain an upper hand through means that are not in align with the majority of other participants morals? if you had to describe, in one sentence, what sports gambling is to someone who had no idea what it was, what would you say?

The potential to produce profits almost always involves fees and taxes, I mean in most cases ... but in gambling it's different as this is a case where you always lose 10% of what you bet. You bet 100, you win only 90%... you lose - then you lose the entire 100. Try to throw a coin many times, and pick a side ... and start with 100 ... every time you throw the coin deduct 100 plus 10 ... eventually you would end up with 0, whether you like it or not ... in some cases it could happen quickly, in some cases it could happen slowly.

And that is just the basic aspect of it ... not to mention the addictive part that is involved with it as well ...

------------------

So if I had to describe sports betting in 1 sentence it would be the same as playing slots in the casino ... although there is some "skill" involved (knowing the players and so forth) - eventually you would end up losing ... even if you bet with tons of "skill" like I did on Obama, winning $10k ... it just put me in a worse position where I lost much more than that in the end ... because it's an addiction.

[innovation]

only a fool would lay $25k to win 10k and call that great value

secondly if your life is "so great" why do u continue to come to a gambling forum and stir the pot?

ive been around gambling for 25 years......you fit the bill for a jaded, bitter, loser.

my guess your value on this forum now, is the same as when you made money betting on the anti-Christ

[dontknowhowtobet]

only a fool would lay $25k to win 10k and call that great value

secondly if your life is "so great" why do u continue to come to a gambling forum and stir the pot?

ive been around gambling for 25 years......you fit the bill for a jaded, bitter, loser.

my guess your value on this forum now, is the same as when you made money betting on the anti-Christ

This bet had lots of value because it was placed when Obama was predicted to win, and he won big time in those elections.
In regards to your other claim - what exactly is "stirring the pot" here?

You remind me of this irony about a child who kills both of his parents, go to the judge, and ask for mercy claiming he is a poor orphan ... the fact you like gambling and probably (I hope so) do it moderately doesn't mean others are the same ... many people I've seen in this and other forums lost 5 figures of dollars ... so calling them "jaded bitter losers" is a hypocrite thing to do.

[str]

We all know there are certain behaviors that will virtually guarantee the death of your bankroll. But before you birth another, have you ever considered why it is you lost in the first place? Learning from your losses or mistakes is more than just learning why you made those mistakes or incurred those losses, it’s about not making those mistakes over again; it’s about not losing for the same reasons. I recently posted this:



I believe it was Bobby Knight who put it simply: “find out why you’re losing and stop doing that.”

From poor money management to getting hammered before betting to playing into bad numbers, why are you losing? And what are you doing to stop doing that?

A very solid post !

[Roy Halladay]

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.

[ItsMeMrMattE]

thats a long sentence. im not trying to prove you wrong dontknowhowtobet. just trying to provide another side. the 10 points you posted should be seen by every poster on here, myself included past and present. what i dont like about them is that they are worded and presented as facts. does day traders anonymous exist? back to the point of this thread tho.

a bad run creates...
for losing gamblers= depression
for winning gambler= humility

a good run creates...
for losing gamblers= narcissism
for winning gamblers= humility

[no1here]

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.

[trytrytry]

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.

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.

[jjgold]

Bigday is a prime example..poster child of GA

I will say this gain..I use gambling as a drug and ease the pain of not getting laid and bullying issues as a child

It numbs me and safer than drugs ..I can show you milk weed scars on my ass

[MoMoneyMoVaughn]

The facts I provided above are quoted from a source, you can google search for it.

There goes your academic integrity. Stealing the work of others without giving due credit is worse than gambling.

If you have sources. List them. Otherwise it just looks like you made it up.

[dontknowhowtobet]

My apologies, it's just very much time consuming to respond to all the ideas brought up here.
Some of them make some sense, and I don't dispute the fact that my own point of view of the subject can be different than others, however I think the vast majority who gambles is stuck with a very difficult limbo ... it's hard to get out of it and the price being paid can be quite costly, and it's not only a monetary price but also personal one as well.

[dontknowhowtobet]

There goes your academic integrity. Stealing the work of others without giving due credit is worse than gambling.

I know all about referencing and plagiarism, but you have to remember this is a forum and not a University, so I believed providing the source would be against the TOS, so I preferred not to provide it here.

[MoMoneyMoVaughn]

I know all about referencing and plagiarism, but you have to remember this is a forum and not a University, so I believed providing the source would be against the TOS, so I preferred not to provide it here.

I am just breaking your balls. Would be interesting to know where this data came from though. How extensive is the reasearch in this field? Its a very interesting pyscho/sociological issue.

[str]

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.

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.

[dontknowhowtobet]

I am just breaking your balls. Would be interesting to know where this data came from though. How extensive is the reasearch in this field? Its a very interesting pyscho/sociological issue.

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.