Regroup and March to $1500

[dgrin001]

Took an ass beating yesterday and down to my last $985. Normally I would be a steamed donkey and would try to make all of my money back in one shot (and walk away broke). I never started threads but by doing this maybe it will help me keep disciplined toward my new goal of getting to $1500 by Monday.

first bet: Pitt and Florida over 122.5 for $150.

Both teams can score and Pitt has the ball handlers to beat the press. Looking like this is going to be close and come down to the end in which foul shots will be the difference.

Keep me honest fellows, help me out to stay the course. Thanks in advance and best of luck today.

[ap1ftw]

Good luck! I took a beating in ncaab 2 days ago

[PlusUltra]

Is your bankroll only $985? If it is you'll go broke betting 15% if your roll on any given play. I've been there and gone bust fast numerous time managing my roll like that.

[dgrin001]

Any recommendations plus ultra? Thanks.

[dgrin001]

LOL, the streak continues. Guess I better stick to my day job.

0-1: down to 825

Next up: Louisville/STL over 131.5. Bet 375/300

234749260-1

3/22/14 1:38pm

$375.00

$300.00

Pending

3/22/14 2:45pm College Basketball 523 Saint Louis/Louisville Over 131½ -125*

[dgrin001]

Balance after above bet $422.

[PlusUltra]

Best way to do it is save a little money each month and continue to grow your bankroll. While you do that, limit your plays to 1-3%. It's not as sexy as betting $100/game but you'll find the conservative way to go will keep you going in the long run. Think of your bets as a business. Your cash is your inventory, when you run out of cash, you're out of business. I don't know how much money you make but if you can save $100/month and add it to your bankroll, you'll develop a pretty nice roll. You need to be able to withstand the bad runs. With a conservative approach you'll be able to do just that.

You'll get less upset about losses with this method. When you're betting too much of your bankroll, every loss increases the pressure to dig out of the hole. Then you get impatient, bet more, you may win, but ultimately this strategy will lead you to going bust.

If this were the stock market, would you put 15% of your portfolio on a stock that has a 50% chance of losing in a matter of hours? No, of course you wouldn't. We shouldn't treat our bankrolls any differently. 98% of gamblers are long term losers. A lot of guys on here talk a big game but guaranteed they're not winning as often or as much as they're advertising that they are.

Don't be like them. Be like Achilles. He plays a couple plays a day for 2-3% of his bankroll and over a longer period of time is a serious winner. I aspire to be more like him.

Discipline, patience, and money management are the 3 aspects you need to master. Once you do, you'll be winning more than you ever thought was possible. Learn how to do this the right way, don't take shortcuts.

I've spent a lot of years doing things the wrong way. My "fortune" is slowly turning for the better because I'm trying like hell to stick to the right way to do this. It's still hard to not play erratically but it's more fun to not lose your hard earned money because you thought you were the worlds best handicapper.

Hope this helps ya, best of luck!

[Cappinpicks]

[Cappinpicks]

zero points in this game

[dgrin001]

Thanks Plus Ultra, great information. Guess I got a lot to learn. I like the analogy of the stock market return, that makes sense.

Cappinpicks, your right as well, not what I expected from STL.

[PlusUltra]

Anytime. It's really hard to play less or step down in wager size because gambling stimulates the part of our brains that is also stimulated by drug use. Those pleasure centers never want less, always more. Just keep reminding yourself that this is a marathon, not a sprint.