Originally posted on 01/23/2014:
Hey Shari, I know you probably don't need too much advice on these things, but these three rules have helped me immensely, especially with live betting which has really sent me in to some tail spins over the years...
RULE #1 Never more than 1u w/o 48 hours contemplation
I do not take the 48 hours literally as sometimes that is impossible (like in a tennis tournament)...but its just a reminder to me not to make spur of the moment decisions like when I get home, sit on couch and say ...time to gamble ...... and 1u action on a tv game turns into 10u at 3:30 am on Aussie Rules Football....yeah real bad
RULE #2 Never live bet worse odds than closing line
Just like you were saying....how many times do things look so good at available number....I say if you could have got a better number at close, then pass....you missed the boat....like many things in life....
RULE #3 Never expose yourself more than +1u add on correlated lines
Meaning after your initial stake is placed on a game, never add to that stake by more than 1u (unless not violating Rule 1).
So being a sick-o...I have found ways throughout the years to twist things around in my head... I would convince myself I had BB management because I was betting certain relatively small percentages of by BB per play base on confidence....blah blah only to be sitting in the 3rd quarter of a nfl game with Gore o87 yards, Niners ML pregame x2, Niners +4.5 placed in 1Q, Niners 2h -2 and over 49 live placed 3Q and get raped. Yea, even though Gore / niners / over not same bet, ultimately they all where correlated at time they were placed. So new rule....