My Betting Rules to Keep Me in Check

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  • mindlessacts
    SBR Rookie
    • 09-10-12
    • 23

    #1
    My Betting Rules to Keep Me in Check
    Fairly new to sports betting and these forums, but wanted to write about my recent experience sports betting and hopefully offer some assistance to others. I know there are plenty of write ups of what not do in sports betting, but I think making rules specific to yourself is very important!

    I already feel so much better just writing these out. Now I feel like I can bet without fear that I'm going to lose control, and more importantly without being stressed! Instead I just enjoy it now!

    The reason I came up with these rules for myself is because I blew my entire bankroll recently. I got to a point where I thought I was invincible and started placing huge bets. I was highly stressed watching the games, and my friends were starting to get nervous that I was "losing it". I bet to make money, but I also want to enjoy it. Just like a job, making money is the goal, but you should also enjoy it!

    I hope that you all will consider doing what I did and write out some rules for yourself, I promise you will win more money and enjoy the ride a lot more!

    Best of luck fellow betters!

    My Betting Rules
    1. All betting decisions will be made at the beginning of the betting day. I will not make additional bets due to wins or losses earlier in the day, no backing up bets, etc. NO CHASING
    2. I will make primarily straight bets (75%+ of all bets)
    a. I will have two betting amounts for straight bets
    b. $250 for straight bets that I’m confident in
    c. $50 for straight bets that I’m extremely confident in.
    ***The amounts will obviously be based off the individuals bank rolls, I currently play with a $5000 bank roll, so most bets will be 1/20 of my bank roll and bets I’m very confident in will be 1/10 of my bank roll.
    3. I will minimize my parlay bets. (only 10-15% of my bets)
    a. $50 max for 5+ game parlays
    b. $100 max for 4 or less game parlays
    c. $150 max for 3 or less game parlays if I’m very confident in them
    4. I will not get emotionally attached to bets, no getting angry or overly happy when I win. Just another business transaction that I will move on from.
    5. I will not bet games that I’m unsure about or that I have not done extensive research on.
    a. No placing bets that “I heard” were really good. We always get friends trying to sell us on a bet, don’t let it happen!


    Anyways maybe you have already done this or maybe this doesn't interest you, but I hope we all take back the control of our betting, being out of control is not a feeling anyone wants!
  • ClimbSomeRocks
    SBR MVP
    • 11-04-09
    • 1081

    #2
    Another rule for me is to have a balance target at a given sportsbook. Once I hit that target I will withdraw my money, and search for a deposit bonus at a B or higher rated book here at SBR.
    Comment
    • steve227
      SBR Hustler
      • 08-20-09
      • 61

      #3
      Sounds like you got a pretty good handle on things for being a newbie, of course you are bound to hear from the many brilliant minds here on how you got it all wrong. Just saying, its pretty brutal around here . But hey welcome
      Comment
      • mindlessacts
        SBR Rookie
        • 09-10-12
        • 23

        #4
        Originally posted by ClimbSomeRocks
        Another rule for me is to have a balance target at a given sportsbook. Once I hit that target I will withdraw my money, and search for a deposit bonus at a B or higher rated book here at SBR.
        I think that is a definite must to my rules, I just had a pretty substantial bank roll a while back, and had I withdrawn 75% I still would have had a great bankroll to work with. If I may ask, what is your balance target?

        Originally posted by steve227
        Sounds like you got a pretty good handle on things for being a newbie, of course you are bound to hear from the many brilliant minds here on how you got it all wrong. Just saying, its pretty brutal around here . But hey welcome
        Thanks, I figure if I'm gonna do this I better do it right. I've been reading through a good amount of posts, does seem to be pretty brutal, but it wouldn't be an online forum if you weren't frequently insulted.
        Comment
        • strategydojo
          SBR Rookie
          • 11-26-12
          • 5

          #5
          Our rules are very similar. I had $300 riding on the Panthers tonight, and decided to check the final score on my computer before going to bed. I was reflecting how it was just another transaction and I had zero emotional attachment to it.

          Overall I really like your rules
          Comment
          • HeeeHAWWWW
            SBR Hall of Famer
            • 06-13-08
            • 5487

            #6
            A good idea to force betting discipline like this.

            However, stake sizes of 5%-10% bankroll are far too high. Most professional gamblers use 1-3%.
            Comment
            • Goat Milk
              BARRELED IN @ SBR!
              • 03-24-10
              • 25850

              #7
              Originally posted by HeeeHAWWWW
              A good idea to force betting discipline like this.

              However, stake sizes of 5%-10% bankroll are far too high. Most professional gamblers use 1-3%.
              where you been. never see you post anymore not even during the grand slams
              Cause Sleep is the Cousin of Death
              Comment
              • easyliving
                SBR Hall of Famer
                • 06-25-12
                • 8876

                #8
                as pointed out above with betting such a large % of your bankroll unless your on a hot run initially you can go broke real quick
                Comment
                • Smoke
                  SBR Aristocracy
                  • 10-09-09
                  • 48111

                  #9
                  Not bad

                  Theres a guy named brock landers here he's almost 50 years old

                  PM him and help this guy he steals from his wife and kids and has zero money managment
                  Comment
                  • BigDeem5
                    SBR Posting Legend
                    • 02-26-11
                    • 17191

                    #10
                    Mon3y M4n4g3m3nt 4 l0zers
                    Comment
                    • Lineman
                      SBR MVP
                      • 11-21-09
                      • 2594

                      #11
                      Plan The Bet/Bet The Plan
                      Having the discipline to follow the plan, that's a totally different ball game.
                      Wishing you well!
                      Comment
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