1. #1
    peeiempee
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    Help with Bankroll Management

    Hey fellas,

    So here's the story. I started bettting about 4 years ago. Started out trying to win a couple thousand. As all degenerate gamblers do they chase. I guess I was one of the more fortunate ones. Chase after chase after chase I was able to get my winnings up to about $60,000. Went on a cold streak lately and lost about $10,000 in 1.5 weeks. So many beats by 1 point. Funny thing is that isn't my coldest streak. I lost 20K in 2 weeks once during baseball season. Won all of it back and some in 2 months. Chasing of course.

    I know chasing won't win in the long run. I have never been disciplined. Does any one have any advise or any personal experiences they can share with me to either movitate me to stay disciplined and not chase. Or I doubt anyone would do this but tell me to continue to chase.

    This is true and I don't need to prove this to anyone, so haters and trolls please stay out of this thread.

  2. #2
    paranoyd androyd
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    no such thing as bankroll management this is gambling. increase your bet size when you're feeling it. cash out in $5K increments when you're up.

  3. #3
    FourLengthsClear
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    If you have a decent bankroll built up and don't trust yourself not to chase after a few bad results, take money out and make it unusable for betting purposes. Consider investing in a corporate bond or silver coins or ask a family member to keep it their bank account.

    Basically you need to take away the ability to chase with liquid funds.

  4. #4
    peeiempee
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    All great ideas, anyone have personal experiences about being disciplined or horror stories chasing to discourage me?

  5. #5
    Big Bear
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    if you are so good at gambling please post your plays

  6. #6
    edawg
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    Gotta have win and loss limits. This is way easier said then done

  7. #7
    peeiempee
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    Quote Originally Posted by Big Bear View Post
    if you are so good at gambling please post your plays
    Never said I was good. Just got lucky on my chases to get to this point. I think surviving the 20K losing streak during last baseball season was a fluke. I vowed to myself I would never be down that much again. But I can't seem to find the discipline to stop chasing. With is why I hope there would be some personal experiences/stories to movtivate me.

    You say post my plays. This is how it would look like on a typical Sunday...
    Take Patriots, Patriots Over, Saints, and Greenbay fade the 49ers for 100 for morning.
    If you are losing double up on the highest scoring game at the half.
    Afternoon games whatever you are losing take Chargers Over.
    By Sunday night football if still down (let's say 800) put 1000 on the over on Jets
    If by halftime you are still down put 1500 to 2000 on the over.
    There were a number of times I not only hit the 2nd half but the full game as well.

    Then haters that are 10x worse than you would come in and start trollin and rip my thread and I would waste my time getting into a my dick is bigger than your dick arguement like I'm doing now.

    So please read what I wrote on my first post NO HATERS and TROLLS

  8. #8
    CK
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    Quote Originally Posted by FourLengthsClear View Post
    If you have a decent bankroll built up and don't trust yourself not to chase after a few bad results, take money out and make it unusable for betting purposes. Consider investing in a corporate bond or silver coins or ask a family member to keep it their bank account.

    Basically you need to take away the ability to chase with liquid funds.
    Definitely agree with this, good advice. When you're up, you really need to take away the temptation to bet bigger or to chase.

    For me, asking a family member wasn't realistic (don't want them to know how much you're betting, etc.) but you'll be surprised how even the act of withdrawing money out of your sportsbook account and leaving it in your bank account (I move it into a HY online-savings account) helps a huge amount. Psychologically, just not having it in the account helps so I re-adjust my betting amounts to be back where I started (except you now have a couple grand in the bank).

    Not doing this well is an easy road to being the typical "only deposit never withdraw" type gamblers. If you never withdraw, you will eventually hit a string of bad losses and go bust. Wins into an online account are just "numbers on a computer screen" that go up and down - it's not a win until you "lock in the profits" and withdraw.

  9. #9
    BrickJames
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    your bankroll is the only thing you have power over.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: RawBillyIce

  10. #10
    mmike032
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    Quote Originally Posted by FourLengthsClear View Post
    If you have a decent bankroll built up and don't trust yourself not to chase after a few bad results, take money out and make it unusable for betting purposes. Consider investing in a corporate bond or silver coins or ask a family member to keep it their bank account.

    Basically you need to take away the ability to chase with liquid funds.
    bingo
    but the IQ of this board isnt evovled over that of apes so its alost cause...


    just keep betting till u los4e everything and startover
    rinse and repeat....


    once3 you've lost your house , car, family, life savings...
    then you borrow money on the broke lenders plan.

    if you're asking this question in the OP you dont have a clue and doomed
    kinda like a crackhead goign to buy 1 rock..
    live and learn

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