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Who actually wins with online gambling?
Because I never do...no matter how much I get up, it goes right back down to ZERO!!!
And please, no BS "bankroll management" replies, I know about all that, it just drags your losing out.
Just serious answers of who ends the year with a profit, year in and year out? Anyone?
same people that win at all gambling, bet big when you are winning, bet small when you lose ... and win as much as possible before the book bans you.
very hard
too easy to bet and too much to bet
computer betting very very hard to control
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So True. Spoken like a true vet.Originally Posted by jjgold
MJT I am up waiting for tennis to start
Posting posting 24 straight hrs
nice, any good ideas for my last little bit of my bankroll. I'm going to go all in on one play, haven't figured one out yet...
sorry man i know how much you hate to hear it but its ALL about bankroll manegment
think of it this way if you take a 50/50 senario and take your finite bankroll against the books infinite bankroll eventually one of you are going to run hot and one will lose everything (obv the one with the finite bankroll)
This is the same reason many sports bettors with terrible bankroll management can go 6-2 and lose everything because the 2 loses is where they bet the most
Variance is huge in this industry and you need the bankroll to soak up the bad streaks
Remember, you cant play with napkins, once your out of $$ your out of the game
So you can ask yourself that questiong 1000 times but the answer will ALWAYS be bankroll management
Side note: of course someone with perfect bankroll manegement who SUCKS at picking will lose as well but assuming your betting games you and the beting community consider to be +EV bets you should be ok
Im sure ill get alot of crap for this post but its true
And even if in the end you just end up losing slower at least your still in the game
For example: a $500 bankroll should probably not be wagering more than $25 a game i know its not BALLER status but guess what at least your in the game
Im speaking from my research and not personal experience ive gone broke many times but its all due to BR managment
hopes this helps at all
I feel like im gonna get flammed but i just dont care i speak the truth
If you need an All In Play, go with Betting Wizard "Square Play Thread". Guy seems to be absolutely on fire. On a big run like Dad was.
Just gotta hit your big bets and/or get lucky on some longshot parlays while staying afloat.....If not, you will be a breakeven player or worse in the long haul
Bankroll management is for the long haul, but you have to step outside your comfort zone sometimes.....If you wanna see big results you have to take chances and bet big when you feel you have an edge
Nailing a big parlay once in a while can keep you in the game
$1000 bankroll...........$10 per game
That's a rhetorical ?. Of course, the House usually wins in the long run, or there would not be all these bettings shops in business. If the player had the advantage, Vegas would go Bust. The key is to look at gambling as an entertainment expense and budget accordingly. For instance, if you make 50k a year and lose 1K a year to gambling- no problem. Then it's like spending money to eat out, go to the movies, etc. But if you think you are going to make a living doing this, you are in for a rude awakening. That's why I appreciate SBR. The point system keeps me in the game, and allows me to have some entertainment without losing real cash. I still will be posting up at my book, but for much less than I used to. Will be posting up at a new book and going Pro for the Kentucky Derby. In the interim, I have entertainment betting points.
Last edited by john230; 01-26-12 at 08:08 AM.
I hear ya MJT, I'm certainly with ya and have my struggles as well. My roll is pretty low also so I'm go all in with NC State plus the points.
Gonna even sprinkle the money line just in case....... Have to reload before the Super Bowl anyway, why not, may get lucky for once.
Anyway, best of luck with a profitable year!!!
i know i read that between 20 to 30 per cent ACTUALLY hit more than 50 per cent on their bets....but it was bankroll management that they gave it all back!!!
2 kinds of people win in gambling:-
1> People who grind it out long term
2> People who take calculated risks
I belong to second category
2% long term winners at most.
Maybe 5% who can consistently gain an edge on the books odds/lines but even then most will fail due to overbetting.
I dont care what anyone says, all online casinos are rigged
A few years back i had $50 worth of free play so i decided to play black jack for $1 hands
would you believe I lost 50 hands without a having a single win
When i got 21 the dealer mysteriously got 21 for the push
there were plenty of those.
But every time i had 20 the dealer hit 21, I hit 19 the dealer hit 20 or 21
It was pretty comical
So last night i was playing baccarat with my betpoints.
For anyone who has played baccarat know how statistically impossible the following scenerio is:
yesterday i lost 10 hands in a row,TWICE - not uncommon in baccarat but it was the way i lost
i lost 10 hands in a row playing whats called follow the last decision. If the last decision is banker you bet banker,
if its player your next bet is player. Anyone who knows the game of baccarat knows that the highest hand you get is 9. Now what are odds that you lose 10 hands in a row on two different occations when the other side gets 9? It can be compared to betting black and red in roulette and the ball landing on green 10 times in a row. While this may be possible on pencil and paper, this would never happen on a land base casino
so to answer your question, 99% of people who gamble on online casino lose in one form or the other while the other 1% are called liars
No it can't.
Regardless, I think the OP was talking about sportsbetting. Casino games (unless you can count cards) are unbeatable in the long run whether they are rigged or not.
Stop betting 20 games a day. Only the ones you love per week. Problem solved now go bellyache elsewhere
They dont build billion dollar casinos and all these online sportsbooks and bookies breaking the law in order to give you money bro
Any book like BetEd that lets everyone knock their nuts in will quickly become a stiff book
Over betting is the biggest mistake... I get laughed at by morons here cause I bet 20 30 bucks a game... bankroll is around 1000 so 2 or 3 %... do what's comfortable for you sometimes ill deposit 60 bucks go all in first play or if win bet... and try to build like that for fun...
Its damn fun though chasing the dream
Dont go over board and all very healthy for the mind
Amazing how few fail to grasp this concept. Degens gonna degen.
Yea I had a big parlay ready to cash last night until my ML bet Utah Jazz, a 10 Pt Favorite, lost in DBL OT to the Raptors...thats what pissed me off so bad last night that made me write this post. I'm going to construct 2 parlays today and divide my miniscule remains of a bankroll in half and see where it takes me. You guys have any good ML Favs I can through in?
This is why you will never win gambling.. so you had a rough night last night and apparently lost a lot of your bankroll... so in your mind, your bankroll was at XXX a few days ago, now it's cut in half (probably more) so you feel the need to get back to where it was a few days ago... instead of taking a step back and making smart, single plays and gradually recovering your losses, your first instinct is to construct 2 parlays and hope that you can recoup your losses in one night. Not gonna happen. Might as well reload tonight if that's your strategy
parlays will get ya where u need to be
MMA is the only sport that I am up over my 3 years of sports wagering.
If only I had the discipline to only wager MMA, that would be great.
I have adjusted my unit size accordingly and it has paid off so far.
Bankroll management for sure...I used to lose a lot of money at this when i first started because of my huge tilt bets. Dont force bets, find +EV lines.
I can honestly say that now I win every year, with about 1-7 bets per day depending on the games. I bet mostly NHL, and a little bit of MLB. NHL lines can easily be beaten, if you are betting on the right thing.
The tough part for me is constantly being limited by books when you beat them too much, but ill take that as a problem id like to have.
it is impossible to win at any online casino that is not an opinion that is a fact, the sbr casino one of the worst offenders there is a 0% chance of winning here about 1% most others FACT
This is definitely very hard to believe. It could happen of course. The easiest way for it to happen would be if a person didn't know how to play BlackJack and they just kept taking hits until they busted every hand. Even if a person was intentionally trying to lose 50 hands in a row it wouldn't be guaranteed because they would likely get a BlackJack before this happened. The other way would be if the online casino was rigged like you said. Lets assume the online casino wasn't rigged and it wins 60% of their hands. It's probably slightly less than this but lets just say it's 60%. The odds of losing 50 hands in a row is astronomical. You'd have a much better chance of winning the Lottery than losing 50 hands of BlackJack in a row. Unless of course... the casino was rigged.
If you ignore pushes, the player would be expected to win around 47% of hands with Basic Strategy.
To lose 50 hands with 0 wins is therefore 61.1 trillion to one.
The casino is either 100% rigged or the poster is full of it. I suspect the latter.
Me too. I was trying to be as trusting as I possibly could.
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