Do you have a different attitude towards money you won, or once you have it, its the same as if it came from your bank account?
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i risk my life for my money
neverComment -
this guy Holt is interesting
tell us more, HoltComment -
I think it's a good form of bankroll management to think of it differently. Being more aggressive but smart when ur up as long as you have self control is much better than chasing with big bets when ur downComment -
It def eases the pressure a bit when you get a good way ahead. Allows you to relax somewhat. I'm a whole lot more likely to fire at some long shot bets when i'm ahead, than if I have been taking a beating. Really you should be willing to make the same plays either way, but often it doesn't work out that way. So yes I do think the house money mental state exists.Comment -
Yea definitely, it affects the play calling; conservative vs risky etc.Comment -
No such thing
That is why most bettors lose
Its your fukkin money you fukkin idiots not house money
Squares out todayComment -
If you bet 1% to 10% of your bankroll. No one should be betting more than 10%.
When you get money from the sportsbook to your bankroll, the percentage that you bet at should remain the same.
Win or lose, the percentage that you bet at has to remain the same, or you go broke.Comment -
"house money" to me means winning enough to buy a house
betting 1-10% of your bankroll? maybe if your bankroll is a finite number and you're never going to make another $
even then it's a boring way to bet and won't amount to a hill of beans. if you bet 5% of your bankroll on every game and hit 55%, your time and effort will probably be rewarded at a number much smaller than minimum wageComment -
If it's house money when you are up,
who's money is it when you are down?
Plays are either a play or not IMO, not necessarily all the same amount but not 10X different, and playing longer shots is the only way to go, again IMO.
If you bet 10 races and win 2 plays , you should be up or at least even .
Playing favs, you need to win 6 or 7 and if you are up early and increase your plays, you damn near must win them all, especially the last race, or the Super Bowl or whatever. Never understood that logic.
IMO it's not even a debate, but that's just me.Comment -
I do when I'm betting cash which only happens in Vegas. If I get up I get tight as fukk and will bet slightly less than what I've won so at the end of the trip I'm up $45
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funny i mentioned something similar to this in a thread i just started this morning.
i think its easier to play with locals when you are up then down, i dont notice it nearly as much offshore since thats timeless and theres no end of the week.Comment -
And if you are down, you will probably chase and bet more than you should to try and at least break even. I know I used to and still do on a smaller scale. That's one reason the house holds the psychological advantages.Comment -
I blow any money I win. Go to sporting events, buy electronic stuff I don't needComment -
ive always treated house money different. gamblers are usually more aggressive with house money...i know i am.Comment -
I think how you play with profit is a sure fire way to see what kind of gambler you are. There is valid reasoning in playing tighter with "house money" yet having conviction in your play and playing the same style always is logical.Comment -
I count my money as whats in my bank account or my pocket, and anything in my betting accounts as kindof a "rainy day fund". If I need to place a bet at a site and have no balance I will deposit as required depending on whats in my bank and what I need to do/pay for. If it is a book I rarely use, then if I win I will often refund, but at my more common books I will often leave the balance in there to play with.
If I happen to have a good win on something or manage to run up the balance, then more often than not I will leave the bulk of the winnings in the account until I have a reason to use spend it - such as a holiday, or new TV or whatever. For instance I had a pretty good payout on St Louis winning last years World Series at 50/1 and had them 25/1 for the NL too - and I left the bulk of the funds in the account until just a couple weeks ago, when I found something to spend it on.
It probably sounds strange, but if the money is sitting in my bank account then mentally I find it hard to convince myself to spend a chunk of it just to treat myself to something that is more of a want than a necessity - but if I have £500 or so sitting in a betting account that I can just refund to my bank and immediatly spend on a new TV or whatever I want to treat myself to, then I am much more likely to do it, as I dont really count the refunded money as my "bank money" if I spend it straight away.
Anyone else think like this ?Comment -
NO such thing as house money.
if you have money you won off a previous bet and you lost it . it means you lost YOUR money NOT house money.Comment -
once you win it, the money is your money and you should treat it accordinglyComment -
To an etent, I thinks slots are fun to play once in awhile and i can't get myself to put a $20 of what I came with yet if I win !k at blackjack I'll through a couple hundred in. I think that logic always makes and win players alot of money online. such as a $50 bettor betting $500 becuase he is winning.Comment
