1. #36
    infamousbacardi
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    Quote Originally Posted by rhinkoll View Post
    Losing day is a normal day for 97%
    Very untrue. A normal "day"...could be even or in the $$. However, a normal week, month, and year, THEN ~97% losers.

    Bankroll management seems to be the answer to this question in my opinion. I used to start w/ about $300, but I'd risk anywhere from $50-$100 per play. This worked great sometimes, and then worked heart wrenchingly awful at other times. I'd hit 8-3 on 11 plays and be up about $400 or w/e it would be...it's all good...but the truth is, that's all coming back to the book if you don't manage your bankroll. If not in plays, it will in chase picks.
    I did the same thing, chased at night on obscure (to me) rugby games in Australia. I remember one night I had about $800 in my account, and I had just lost the Sunday Night Football game by some ridiculous last play garbage...I looked up some tennis lines, and saw Jelena Jankovic (or w/e her name is) was about 1.20 on the night in her random match. I said to myself, "awesome, I can bet the $800, win back $160, and be good to go in the morning!". It wasn't to be, JJ decided to eat an extra twinkie in the locker room prior to the match, and she lost to like the #120 ranked player in the world. (She was top 5 at the time). Where I could have just accepted the $250 loss on the SNF game and lived to fight another day, I compounded the error and woke up to a $0.00 balance. It hurt.
    Nonetheless, now if I start w/ $300, I'll bet about $20 a unit or something, and I almost always do well and get it up a couple hundred dollars over the course of a month or so. If I make 3 plays in a night, and I only lose $60, meh, I can get that back easy tomorrow. The thing is, it's only "easy" to you when you are putting bets in at like 4 in the afternoon when you have a full slate of games to choose of your liking across the wide array of sports.
    You could try turning off your computer for the night after you place your bets....if you just wanted to treat it as an investment and not follow the picks, just check the scores in the morning, or just log in to your account and see what your balance is. That's a good way to not chase. If you don't know how you did until the morning, there is no urge to chase on obscure matches at 1:00 am. Like Jelena Jankovic. That would take away the fun of following of the games though. I do it sometimes, but in general I like to follow the matches. I just place my bets at 5 or 5:30 pm, and I don't allow myself to place anymore. Think about it, if something didn't stand out to you when you had all the games in the world to choose from at 5 pm, why should it at 8:30 pm after you have gone 0-4 and the game is a west coast college basketball game that starts at 10 pm. odds are, you aren't going to be making an informed decision.

    Anyway, maybe this helped, maybe not. I learned when Jelena Jankovic laid an egg in Japan or somewhere...seems like a silly reason for a guy who knows a lot about sports to lose his entire bank roll when he could have bet any other American sport he actually had knowledge of. Don't be that guy. Make your plays, and turn the computer off. Don't bet 75% of your bankroll in one night. (or 25% for that matter)...and if you are really struggling, don't follow the games you bet on at night, and just see how you did in the morning. Best of luck going forward all.

  2. #37
    GGZOLA
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    i just tune in to some three's company reruns on the dvr recorder, get my mind to relax....a little at least.

  3. #38
    goblinburner
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    Quote Originally Posted by CrimsonQueen View Post
    The best way to correct this is to lose your house... Then you'll never want to do it again.

    I had built up a fairly big bankroll (for me, anyway), and then even though I never play a chase system, I was a few bucks away from hitting a milestone in profits. So... I chased... and lost 13 straight games.

    I learned my lesson...lost everything... and now on losing days I think "eh... it could be worse: I could've chased."

    Just never forget, "There's ALWAYS tomorrow." In fact, if you don't realize there is a tomorrow, you shouldn't be betting.
    i just lost on a college teaser at duke -5 in a half loss with vcc at +2 win and pittsburgh -6 in a half and there is a tommorow but maybe we should put are because I'm on a cold streak that makes this new york winter coming, feel like a mild fall breeze. hopefully i can back together and go .. uhh

  4. #39
    THEGREAT30
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    blame it on the rain

  5. #40
    Fieldysnuts44
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    I agree with Tenbas,use good bankroll management and a bad day here and there doesnt sting quite as bad.Dont start chasing loses in late games,you might get lucky but eventually it will bite you in the ass.Whenever I have a losing day,I say fukk it and drink some beer.If you gamble everyday,like most of us on here,your going to have some bad days,just dont let it get out of hand or you'll lose everything. Trust me I've hit rock bottom and about lost everything I have a few years back,but now I practice bankroll management and dont chase my loses.

  6. #41
    TO9
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    think long term, not short term

  7. #42
    nyed1010
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    chasing moniez: avoid it and you'll be fine.

  8. #43
    dextermasuka
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    go to corner bar and drink more than usual. spend more money
    thats how i deal

  9. #44
    BRAVES1985
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    forget about the past... their will always be games tomorrow

  10. #45
    pauluk
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    think about your health - paying too much attention to losing will badly affect your health

  11. #46
    Zak
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    Decide up front what you are prepared to lose in a day - if you lose it no need to worry as you already planned for it. Walk away and go for a beer.

  12. #47
    Michaelmakesit
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    i dont accept it.
    i end up throwing tennis rackets and baseball bats at my neighbors cars.

  13. #48
    terpkeg
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    I end up "teaching myself a lesson" every 4 months or so. I'll figure it out some day .

  14. #49
    Obelisk
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    It is good to read some of the comments here and I praise those with discipline. I have a real problem accepting losses and often resort to chasing. I know its stupid so reading what others have noted here is finally getting me to rethink that stupidity.

  15. #50
    riskyProps
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    I found myself chasing too. I'm pretty new to Online Betting as I only started mid October. I've reloaded my account 3 times testing out different strategies!

    I tried straight wagering and it seems like I was spinning my wheels as my balance would go up and down and up and down.

    I tried parlaying and that was the main reason for the reloads. LOL.

    I'm trying a balanced mixture of the two and I'm above the balance of my 3rd reload

    Can say when I'll get my money back

  16. #51
    Inspirited
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    Well, good BR management helps as many as mentioned. I think it also would help if you can try to be detached as possible from results. It feels good to have a great day, but the very next day you can get pounded. I went 8-3 two days ago, 3-7 the yesterday and then 7-1 today. It's a bumpy ride. It does help to know if your system is +EV, but one does not always know that and of course conditions can change, but it does help if over an adequate sample size your system has produced results. I also try not to get involved in the games(NBA). I try not to look up the scores during the games. Last thing I want to see is that a team looks like they are gonna cover and then when I see the final they blow it. It's a grind.

  17. #52
    mitote
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    Instead of chasing after a loss I go to the SBR Casino! I have never lost in there!

  18. #53
    Cashbabe
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    Look at your past records. Hopefully (if you are playing with real money at least!), you should know that you have an edge and things will turn around. You cannot have constant winning periods, it doesn't work like that. Actually you should EXPECT losing periods, because there will be many of them if you are in this for the long term. Just make sure you are prepared to handle them, as long as you know you have a large enough bankroll to handle the downswings, you shouldn't get too psychical affected by a losing period. Make sure to find out how bad your worst downswing was so far, and then double or triple it to think of how a worst case scenario would be. Then make sure your bankroll can handle that without going broke.

    If you do all this, and you set your mind to expect these downswings, you will normally not feel bad, because you know things will soon turn around again.

  19. #54
    lucky888
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    Daniel Powter - Bad Day

  20. #55
    Flexin
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    Forget the juice IMO.

    Make your picks for the day and stick with them. If you win great. If you lose, deal with it. You can't win them all.

    Don't bet more then you can lose.

    Don't bet so many games. Find your best games and play just them.

    James

  21. #56
    agharah1
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    Josh Groban seems to be dickrod's preferred method.

    No but seriously, when I have a losing day, I remind myself that there's a quadrabajillion more college basketball games to pick tomorrow. Until April anyway when you have to start chasing baseball games.

  22. #57
    necro
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    play with money you can afford to lose, imo.

  23. #58
    Stumpage
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    The comments about chasing are bang on...There is nothing worse. Have a few beers, bang your wife; girlfriend or both, go to sleep and start the next day with a semi-clean slate.....

  24. #59
    TonyP
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    forget what happend yesterday do not carry that baggage with you the next day. It does not matter if you had a winning or losing day that is in the past you are starting a new day and new wager so do not let past wagers effect how you play the wager at hand.

  25. #60
    TonyP
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    adn do not change the way you gamble just because you are on a losing steak. keep on doing what works and stick to it do not change no matter what.

  26. #61
    donatello167
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    Imagine that gambling is a slippery road you are walking towards home. So you are walking reasonably well, no slips, even gain speed (= winning days). Suddenly you slip one or a few times in a row (= losing days). You wobble, but don't fall, because you are using smaller, cautional steps (= money management).

    When you actually slip, do you start running or jumping because of that (= clearing each and every step's fault immediately to stay in the average or improve speed)? No, you either stop for a while and catch a breath (= have pause) or lower your rate or length of steps (= recalcute bankroll or kelly fraction) and keep walking, because you cannot freeze out on the road.

    Hope the little imaginary story helps. If you can walk reasonably, you can also bet reasonably, can't you?

  27. #62
    Obelisk
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    This is great advice. Thanks guys and keep it coming.

  28. #63
    lcscanada
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    I watch videos of people in car accidents getting their head smashed in and die.

    Then I say to myself, I am alive. I am breathing. Things are not so bad.

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