The more you bet the more you lose?

Smoke · 10-28-14, 10:07 PM

Your friend is right

Its only a matter of time before you give it all back

Goal is to stay in the game

Money management is key. Good luck

laclippers504 · 10-28-14, 10:08 PM

Listen to Smokey

Smoke · 10-28-14, 10:14 PM

Thx papoose.

Doubler i would keep ur bets at $50 and cap your max bet at $100 until you build a solid roll

Then you can gradually increase your bet size from there if you wish too

Big Bear · 10-28-14, 10:48 PM

Originally posted by Dubblebubble

I am pretty new to sports betting, I usually throw a lot of action in online live dealer casinos. Recently i've gone 13/17 with my local bookie, only betting $50 per game/parlay. Now my friend is a huge sports gambler and loses a lot of money each year, he told me that the more I bet the more I will lose which makes no sense to me. What are your thoughts?

I am of course winning right now and I know it won't last forever so wouldn't it be smart to go big until I have a losing day? I know many of you may think this is a stupid question but I honestly would like to know your (experienced sports gamblers) thoughts and maybe experiences regarding this.

Thank you, and I hope you all win!

thank you for the well wishes.

Okay i dont know if you can really make a blanket statement like the more you bet the more you lose....

BUT there is some truth to that. The best advice i can give is try not to be on the same side as the public in prime time games. Pick your spots, watch as much film as you can. Never ever bet on a team that you have not seen play and never bet against a team you have not seen play. Never bet "just bc your bored" i am in fact guilty of that today.... i mean its obviously easier said than done but you need to have strong will power always place your bets when you are cool calm collective and relatively happy. You should never make gambling decisions when under the influence of drugs/ alcohol. Also before you go into any bet walk yourself through

Scenario A : If i win...
Scenario B : If i lose....

be willing to accept either outcome before you place your wager. Always have a plan and never ever chase your losses.

If you have a bad day you gotta learn to let it go. Never let a bad yesterday ruin a good today.

oh and its better to big on games you feel really confident about then make a bunch of really small wagers that your not totally sold on. Those small wagers add up and before you know that GOY comes along and you dont have as much left in your account to really pound it the way you want to.

good luck pal

oh yeah and btw I find it that i have more success when i focus on one sport at a time. Know your strengths and weaknesses and dont try to be something your not.

crustyme · 10-28-14, 11:18 PM

only seems that way because you're literally betting more money. so when you lose, it hurt more because you lost more money. but whether ur next 100 bets are $50 or $500, you are likely to hit at the same %.

difference is if u were to go on a miserable 0-14 streak like lakerboy & twizzler while betting $500, ur more likely to get discouraged and quit as opposed to riding it out at $50. but in the end, % will be the same.

Dubblebubble · 10-29-14, 12:28 AM

Originally posted by Big Bear

thank you for the well wishes.

Okay i dont know if you can really make a blanket statement like the more you bet the more you lose....

BUT there is some truth to that. The best advice i can give is try not to be on the same side as the public in prime time games. Pick your spots, watch as much film as you can. Never ever bet on a team that you have not seen play and never bet against a team you have not seen play. Never bet "just bc your bored" i am in fact guilty of that today.... i mean its obviously easier said than done but you need to have strong will power always place your bets when you are cool calm collective and relatively happy. You should never make gambling decisions when under the influence of drugs/ alcohol. Also before you go into any bet walk yourself through

Scenario A : If i win...
Scenario B : If i lose....

be willing to accept either outcome before you place your wager. Always have a plan and never ever chase your losses.

If you have a bad day you gotta learn to let it go. Never let a bad yesterday ruin a good today.

oh and its better to big on games you feel really confident about then make a bunch of really small wagers that your not totally sold on. Those small wagers add up and before you know that GOY comes along and you dont have as much left in your account to really pound it the way you want to.

good luck pal

oh yeah and btw I find it that i have more success when i focus on one sport at a time. Know your strengths and weaknesses and dont try to be something your not.

Originally posted by Smoke

Your friend is right

Its only a matter of time before you give it all back

Goal is to stay in the game

Money management is key. Good luck

Thank you both very much for answering my question, you guys were a lot more help than you can imagine and probably saved me a good amount of money. Smoke I agree with the money management comment and I can see how that would play a huge role of staying in the game and not losing all of it quick. Big Bear I like how you said I should focus on 1 sport at a time and never bet when I am "bored" which is kind of what I have been doing to be honest. I'll try to tone it down and remain with my $50 bets with $100 max play. I only have about a $1,000 gambling bank roll so I am definitely not trying to lose it quick :P

I do wish all of you very good luck!

gauchojake · 10-29-14, 12:53 AM

Super sick thinly veiled brag. GL sir.

Ra77er · 10-29-14, 01:02 AM

50 or 100 on a 1k roll is pretty insane in my opinion. Good news is they have reload bonuses.

larryp0405 · 10-29-14, 01:10 AM

i will say this, about gambling in general, if you go up more then 100% of what you have deposited make a withdrawal , take the payout and start over.

you will end up losing all that and whatever you put in, happens alot.

the best thing to do in gambling is build up a small deposit and then use the house money to really get your balance big. the sportsbook hate that, they hate if you deposit 200 dollars and then are up 3000 dollars somehow and now your betting with over 2,500 in housemoney. thats when there assholes get tight.

Dubblebubble · 10-29-14, 02:40 AM

Originally posted by Ra77er

50 or 100 on a 1k roll is pretty insane in my opinion. Good news is they have reload bonuses.

How much do you suggest I be betting on a $1,000 bank roll. My local "betting place" has a minimum bet of $25. And since I am betting with a book I am getting no reload bonus

Ra77er · 10-30-14, 12:48 AM

Well since this was posted in player's talk and not the thinktank, Ill weigh in. Since your betting with a local then 50-100 is probably more practical but if that were in an online account then betting 1-3% per play would help keep you in the game much longer.

Many books have a rewards system of some kind such as cash back and other promos to help keep you in the game as well. Betting 10 to 15 bets is not unheard of on a Saturday and betting even 50 bucks a pop would have you allin with 1k.

Again since your betting with a local though 50-100 is probably a more practical approach since your guy would crush your sack if you bet 10 games at 25 a piece every day.

This kind of topic can spur a myriad of answers since everyone "bets" or sharps "invest" differently. Good luck Dubble