1. #1
    Bshark
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    Newbie Budget Advice

    First off I'm a very, very small time player. I probably don't even belong on this forum, but I'm facinated by sports gambling and want to learn as much as I can.

    My budget is $50/month (pathetic I know). Could never afford Strictly's system. What should my unit price be? I've been using $5, but find staying away from large chalk games because the return is so little or I bet the line to bring down the chalk.

    What is my best strategy? Straight bets, Parlays, runlines, over/unders?

    Any advice would be great!

    B

  2. #2
    vanman
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    Welcome and GL

  3. #3
    curious
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    Quote Originally Posted by Bshark View Post
    First off I'm a very, very small time player. I probably don't even belong on this forum, but I'm facinated by sports gambling and want to learn as much as I can.

    My budget is $50/month (pathetic I know). Could never afford Strictly's system. What should my unit price be? I've been using $5, but find staying away from large chalk games because the return is so little or I bet the line to bring down the chalk.

    What is my best strategy? Straight bets, Parlays, runlines, over/unders?

    Any advice would be great!

    B

    Find a game you really, really like with and underdog with big juice and bet the entire $50. If you win, then do that again and bet the entire amount. Do this until you get your bank to $500. Then play dogs over +150, but only bet them five minutes before the game. Don't bet the dogs blindly, have a reason to bet them. Do some homework.

  4. #4
    Razz
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    You belong here. The above poster evidently thought of the worst possible advice he could give and decided to post that.

    For me it's straight bets, occasional over/unders, once in a blue moon runlines, but whatever you're comfortable with is what you need to play. I'd stay away from parlays. 10% of your bankroll is the most you should even consider betting on one game - personally I don't consider betting more than 5%, normally 1, 2, or 3% - even if that means $5 a game. If you can bet $2 or $3 a game, bet that.

    If betting $5 doesn't satisfy you, save up for a couple months. Betting $20 per game with a $300 bankroll, while not recommended, is at least reasonable. Betting your whole account on one play is retarded in all sports, but particularly in baseball.

  5. #5
    EaglesPhan36
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    I think the biggest thing is to find a price you're comfortable with and place one bet on the game you like the most each day.

    Say $5 for an underdog or whatever the price might be to win you $5 on a favorite if $5 is gonna be your base bet.

    Personally, I'd say go $5 on the underdogs because you can get more than 1x in return and then if you REALLY, REALLY have a favorite that you like. Go ahead and spend whatever it takes to win $10 off the bet. If they're -120, drop the $12. Also consider setting a cutoff price on a favorite that you will not go over. Betting on faves over -150 in my case.

    Last advice would be make that first bet for the game you like the most - if you lose, DON'T TRY TO CATCH UP WITH ANOTHER BET. If you win, allow yourself one more bet ... my advice would be to play a parlay with part of your winnings from the first bet to try and stake yourself a bigger bankroll.

  6. #6
    onlooker
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    You don't have to be a big time player to be here Bshark. Most here are not.

    So welcome to the forum, and yes, you belong here.

    Take Razz's advice, and don't set yourself up for broke on one game. That is the worst money management anyone could do. $5 a game could be a good start, but I would look for mostly dogs to bet on.

    I mostly always bet underdogs in bases, and if I do bet a favorite, it will never be over -140.

    So good luck with your betting, and as your bankroll grows, also look at setting your unit size higher.

  7. #7
    vanman
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    Save up your money for a few months say get yourself a bank of $500.Then stake 2%($10) each bet until your bank reaches $1000,then start over 2%($20) each bet until you reach $2000 and so on.Never chase loses and always be disciplined.

  8. #8
    curious
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    Quote Originally Posted by Razz View Post
    You belong here. The above poster evidently thought of the worst possible advice he could give and decided to post that.

    For me it's straight bets, occasional over/unders, once in a blue moon runlines, but whatever you're comfortable with is what you need to play. I'd stay away from parlays. 10% of your bankroll is the most you should even consider betting on one game - personally I don't consider betting more than 5%, normally 1, 2, or 3% - even if that means $5 a game. If you can bet $2 or $3 a game, bet that.

    If betting $5 doesn't satisfy you, save up for a couple months. Betting $20 per game with a $300 bankroll, while not recommended, is at least reasonable. Betting your whole account on one play is retarded in all sports, but particularly in baseball.
    Your opinion. When someone is betting without an edge, the only strategy that works over time is the Devil's Staircase. Betting small amounts in negative expectation just whittles your bank away to zero. There are several white papers freely available on the internet that discuss this.

    Since the poster isn't using handicapping he is a negative expectation bettor.

    If the poster was a postitive expectation bettor then I would have given different advice.

    Next time you knock a post I made know what you are talking about.

  9. #9
    Bshark
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    Thanks a lot guys!

  10. #10
    ShamsWoof10
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    I agree with Razz's advice for a few reasons.. The most important is habbit... You want to get in the "HABBIT" of discipline and not jump in with all of your bankroll... When I coach kickers my theory is all about habbit... You may do well by going all in with $50 on a game and may even turn it into $500 but YOU DO NOT WANT TO GET INTO THAT HABBIT or train of thought... Start with $5 bets there is nothing wrong with that and if for anything to get into that habbit... It's like warming up with plates before you move up to 225 on bench...

  11. #11
    Bshark
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    How many games do you guys play per day?

  12. #12
    onlooker
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    Quote Originally Posted by Bshark View Post
    How many games do you guys play per day?
    Here is a thread you might want to keep a eye on concerning that question.

    http://www.sportsbookreview.com/forum/players-ta...s-gambler.html

  13. #13
    ShamsWoof10
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    2-4

    except for yesterday...

  14. #14
    rjt721
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    Quote Originally Posted by curious View Post
    Since the poster isn't using handicapping he is a negative expectation bettor.

    If the poster was a postitive expectation bettor then I would have given different advice.
    Where did the poster say he wasn't capping the games? Just because he's betting 5 bucks per, doesn't mean he's not a serious capper. Regardless, your advice of risking an entire bankroll on one game is completely ridiculous, whether the player has an edge or not.

    Best of luck Bshark. Don't listen to this clown.

  15. #15
    curious
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    I bet good value

    Quote Originally Posted by Bshark View Post
    How many games do you guys play per day?
    I bet on good value. That might be 0 games per day or it might be 15 games per day. You never know.

  16. #16
    onlooker
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    Quote Originally Posted by curious View Post
    I bet on good value. That might be 0 games per day or it might be 15 games per day. You never know.
    Same here on the 0 plays on any given day. Just last weekend, I didn't bet a game on Saturday or Sunday.

  17. #17
    RJS
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    I would offer a little different advice.

    First off you definitely should belong to a sports forum like this. Seems like there are a few guys here who can offer good advice. I would take your $50 a month and not play but save for 3 months until you get your bankroll to $150. Then the 3% play which most players use is a $5 play for you. It's not much but you need to learn and gain experience before you play. In the meantime just play on paper. Post your plays, keep your record and see how you would do. See who is on who and why. Learn and create your own system. Listen to how others play and ask questions. You've already got a great start by stating you are only allowing yourself $50 a month for gambling. A form of discipline is already there. You don't need to gamble right away. Get a little experience first. Good Luck

  18. #18
    Razz
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    Quote Originally Posted by RJS View Post
    I would offer a little different advice.

    First off you definitely should belong to a sports forum like this. Seems like there are a few guys here who can offer good advice. I would take your $50 a month and not play but save for 3 months until you get your bankroll to $150. Then the 3% play which most players use is a $5 play for you. It's not much but you need to learn and gain experience before you play. In the meantime just play on paper. Post your plays, keep your record and see how you would do. See who is on who and why. Learn and create your own system. Listen to how others play and ask questions. You've already got a great start by stating you are only allowing yourself $50 a month for gambling. A form of discipline is already there. You don't need to gamble right away. Get a little experience first. Good Luck
    I like that advice, especially the part I bolded.

  19. #19
    Terpman92
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    Bshark- I like the advice Razz gave you. You will be fine if you follow that program, NEVER...NEVER...bet when you are drunk or pissed off! This clouds your judgment, at risk for a big loss. How do I know? I learned the hard way. I wager on 8-12 games per day. I feel comfortable with this. For someone starting out, I wouldn't go above three. Good luck to you bro!!

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