What's the best strategy to get out of a losing streak?

[pico]

i am taking a break too, pavy. in the same boat as you.

[Mac4Lyfe]

Thanks guys. I decided to take time off. I will be back in a few weeks.

Good decision. I post here even when I don't play so don't go AWOL.

Don't get back into the game until you have some hard rules in place and you manage your money. Set a loss limit and stick to it. Anything greater than 10% of your income is stupid. Stick to your guns and your rules. Be a man of your word to yourself, because it's easy to fool everyone around you like your wife. The minute you lie to yourself is the moment you need to quit for good. If that happens, pick up another vice (xbox, cigarettes, alchohol, etc.) as it may be easier to kick.

[j0hnnyv]

My wife knows I was up $10,000 on Sunday. She doesn't know yet my balance is $500. She already made plans on how to spend it. I will have to get a paycheck loan to show her that I withdrew money today. She ain't dumb.

everytime i have to tell my wife when im up a nice amount for whatever reason i end up losing most of it soon after

now i keep it to myself

take the time pavy....youll be back strong

[Immortality]

Or try the pat venditto method and bet with a fellow poster. If you win, all well and good. If you lose then stiff the other guy and that makes you a piece of low life stiffing scum winner.

[Immortality]

Sorry to hear Pavy. First post I thought you were joking as you have had some real good days I thought lately.

It will turn around. See ya when you get back. Good luck with the wifey.

[Mac4Lyfe]

everytime i have to tell my wife when im up a nice amount for whatever reason i end up losing most of it soon after

now i keep it to myself

I never tell my wife about my wins. I'll let her know about my losses though. I'll throw her a bone every once in a while when I'm up big.

[Cassidy]

It seems like to have been a kind of curse over the board last night.. lots of the best cappers picks around here were down last night, especially on CBB.

Problem when big amounts of juice is gone suddenly, its to assume it and take it in a rationale way. Usually the mind feels with the most of the urgencies the need to recover and reset to previous situacion the quickiest as possible, and that may lead to take wrong choices.

[Sforz]

I'm open to ideas because I'm on the brink of financial collapse. I can't afford any more losses at this point. Should I bet more or take time off?

fade yourself... works like a charm.

[PAPSMEAR]

sorry for my ignorance but what does it mean when you guys talk about "fading"?

[fiveteamer]

LOL @ PAPSMEAR.

Not the question but his name.

So far I would say this guy has made it.

god bless.

[G's pks]

Of all the sbr posters...this stunned me! I read this in disbelief! Here is a guy who is a great capper! He went on a losing streak this week and got wiped out that quick. Once again money management has to play a role here... Hopefully everything works out for you... I mentioned this on another thread about the Kelly Criterion and gambling... Justin had posted a thread on it and honestly maybe everyone in here should watch, I am going to try and find...or if someone else finds it first post i here please...

[G's pks]

http://justin7.mysbrforum.com/blog/0118-understanding-kelly-criterion.html

[pavyracer]

I finally broke the news to my wife this afternoon. She didn't take it that well. I'm spending the weekend at a motel. She gave me this list before I packed my bag. I need you to help me answer these questions:

1. Did you ever lose time from work or school due to gambling?
2. Has gambling ever made your home life unhappy?
3. Did gambling affect your reputation?
4. Have you ever felt remorse after gambling?
5. Did you ever gamble to get money with which to pay debts or otherwise solve financial difficulties?
6. Did gambling cause a decrease in your ambition or efficiency?
7. After losing did you feel you must return as soon as possible and win back your losses?
8. After a win did you have a strong urge to return and win more?
9. Did you often gamble until your last dollar was gone?
10. Did you ever borrow to finance your gambling?
11. Have you ever sold anything to finance gambling?
12. Were you reluctant to use "gambling money" for normal expenditures?
13. Did gambling make you careless of the welfare of yourself or your family?
14. Did you ever gamble longer than you had planned?
15. Have you ever gambled to escape worry, trouble, boredom or loneliness?
16. Have you ever committed, or considered committing, an illegal act to finance gambling?
17. Did gambling cause you to have difficulty in sleeping?
18. Do arguments, disappointments or frustrations create within you an urge to gamble?
19. Did you ever have an urge to celebrate any good fortune by a few hours of gambling?
20. Have you ever considered self destruction or suicide as a result of your gambling?

[Sinister Cat]

lol.. are you bored pavy?

Seriously though.. is it bad to go on a crazy win streak and then lose it all just as quickly? like is that really a problem? I did that in the summer.. stopped when I got back down to my initial bankroll, and took a break to re-think things. my wife was like, "oh I was hoping you'd keep gambling so you could win it back"..

[Bread]

This thread =

Pavy doing his best Joaquin Phoenix impersonation.

God Bless Pavy.

[Bread]

I just went back and re-read this thread. At first I didn't pick up on the anguish in Pavy's posts. I fear this is actually pretty serious.

Sorry Pavy. If I were you, I'd try to make it all back on the Mud Hens.

[pavyracer]

It's real I'm posting from a motel now. I requested no cable in my room so I won't bet. I have to learn my lesson. Don't gamble above your head guys. Gambling is a desease. I'm looking forward to your help. You are everything I got now.

[RogueScholar]

Pavy, this is a result of your bad karma accumulated by many years of pride, a haughty spirit, and pure assholishness in your life. When I posted my Job story and you went online to find your favorite Leviticus quote to mock me, you incurred the wrath of the Almighty. God has decided to teach you a lesson, Pavy, and he won't stop until you repent. Did it ever occur to you that the entire story of Job may visit itself upon you now? I'll pray for you, since you're my enemy, but I certainly wouldn't be surprised to hear of a freak tornado collapsing your house and making you homeless.

[Fischnasty]

1-11: yes
12: no
13-18: yes
19,20: no

[pavyracer]

Pavy, this is a result of your bad karma accumulated by many years of pride, a haughty spirit, and pure assholishness in your life. When I posted my Job story and you went online to find your favorite Leviticus quote to mock me, you incurred the wrath of the Almighty. God has decided to teach you a lesson, Pavy, and he won't stop until you repent. Did it ever occur to you that the entire story of Job may visit itself upon you now? I'll pray for you, since you're my enemy, but I certainly wouldn't be surprised to hear of a freak tornado collapsing your house and making you homeless.

Thanks for your support. I'll say a prayer for you tonight at my motel. I will read the Leviticus quotes in my nightstand motel issued Bible right now and pray to the Almighty to cure my gambling disease and your man love.

[Doc JS]

sorry for my ignorance but what does it mean when you guys talk about "fading"?

To fade is to play the other side of a bet...

If the Celts and Lakers are playing and you think the Celts are the play, if I bet on the Lakers, I'm fading you...

Doc

[Doc JS]

Pavy - sorry to hear about your recent run of bad luck...

When you are struggling, pick what you know best and you KNOW soccer - you've been KILLING the EPL!!!

BOL

Doc

[RogueJuror]

A Structural Engineer, who earns $100,000 a year, and cashes out $25,000 from offshore sports books yearly, is in the brink of financial collapse because he lost $10,000 gambling?

The illustrious Ms South Dakota is not understanding in your predicament?

It will all be okay Pavy, just deposit another $10k and in no time with your sharp skills you will make it up, you will play with your Honor Roll kids for hours before the 7pm games and your wife will continue her sophisticated stylish lifestyle, in other words your perfect existence will be back to normal.

But please don't go.

[pavyracer]

[RogueScholar]

A Structural Engineer, who earns $100,000 a year, and cashes out $25,000 from offshore sports books yearly, is in the brink of financial collapse because he lost $10,000 gambling?

The illustrious Ms South Dakota is not understanding in your predicament?

It will all be okay Pavy, just deposit another $10k and in no time with your sharp skills you will make it up, you will play with your Honor Roll kids for hours before the 7pm games and your wife will continue her sophisticated stylish lifestyle, in other words your perfect existence will be back to normal.

But please don't go.

RJ, you're the best. Apparently I'm not the only one who is seeing all the holes in Pavy's act start to gape. Apparently being the winningest poster on SBR wasn't getting Pavy enough attention, so he's gonna try being the worst. Methinks he got jealous of all the notoriety that DacBietViet gets. It's certainly true that losers get far more attention than winners around these parts.

[frostno98]

FAde Dacvietbet

[Bread]

Godammit I love you Pavyracer.

[The Seer]

take rider on the ML, they're a big fav but it should win easy

[RogueJuror]

Bread I really love pavyracer also, I don't want him to go.

But rogie is right, too many people play that angle, pick a new one.

[G's pks]

take rider on the ML, they're a big fav but it should win easy

I had rider tonight...those co^ksukers!