If You Bet $50 A Game And Down $1000...

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  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388208

    #1
    If You Bet $50 A Game And Down $1000...
    Say since January 1st, do you realize you will never get to even keeping your bet size the same??

    Basically showing you how hard it is to get to even as you are basically a +700 dog to do it
  • BuckyOne
    SBR MVP
    • 01-02-15
    • 2739

    #2
    That is a pretty good sample size to be down 200 units - must be something like won 400 and lost 600? Which is 50 bets a week.

    Increasing your bet size should only be done if you are hot - have an advantage.

    Read about Kelly Criterion - separate your markets and bet selection types - paper trade and only enter the market on a 50% + batting average current form. 5 k bank and 1% lets you bet 50.

    Maybe, modify Kelly that you can increase your bets at $ goals - get the bank up 250 and you can can bet 75 as long as the bank stays above 5250. Go below 5 k and current form has to be + 50% to play and also at a reduced amount (1% of 4500 is 45, etc.).

    The carrot is the desire to bet more money because someone that lost 200 units and 10k does not sweat that amount of money.

    It is all about value first - identify the amount of value - more than chip management technique. You have heard of protect the code - well protect the bank! Tough times - well - ho 50 bucks - scalp 50 bucks to maintain the bank.

    Somehow, get away from the entertainment philosophy and into some kind of survival mode.
    Comment
    • BuckyOne
      SBR MVP
      • 01-02-15
      • 2739

      #3
      Almost all winning gamblers started out on a theoretical island and taught themselves how to win. Either learn how to win or play time is over!
      Comment
      • jjgold
        SBR Aristocracy
        • 07-20-05
        • 388208

        #4
        Bucky tremendous post

        It is easy to be down -1000 since January 1st betting $50 at -110 and of course some ml bets -150 or dogs
        Comment
        • BuckyOne
          SBR MVP
          • 01-02-15
          • 2739

          #5
          Yes, that is only 20 units - I agree that it can happen pretty fast. Just think that chip size management will not turn the ship around.
          Comment
          • jkw87
            SBR Sharp
            • 09-14-15
            • 269

            #6
            My advice to anyone down $1000 on $50 bets is to find a sport your'e good at, and only spend your time, and money on that sport. If It's WNBA then so be it.
            Comment
            • jkw87
              SBR Sharp
              • 09-14-15
              • 269

              #7
              And ALWAYS avoid the mush

              Comment
              • 5mike5
                SBR Aristocracy
                • 09-21-11
                • 52141

                #8
                Originally posted by jkw87
                My advice to anyone down $1000 on $50 bets is to find a sport your'e good at, and only spend your time, and money on that sport. If It's WNBA then so be it.

                Didn't take me long to learn this^^^

                and oh botnit paid off.
                Comment
                • 5mike5
                  SBR Aristocracy
                  • 09-21-11
                  • 52141

                  #9
                  Originally posted by 5mike5

                  Didn't take me long to learn this^^^

                  and oh bot did it paid off.
                  ...
                  Comment
                  • jkw87
                    SBR Sharp
                    • 09-14-15
                    • 269

                    #10
                    Originally posted by 5mike5
                    ...
                    Is there a nascar race on sunday, and who is winning if there is?
                    Comment
                    • 5mike5
                      SBR Aristocracy
                      • 09-21-11
                      • 52141

                      #11
                      Originally posted by jkw87
                      Is there a nascar race on sunday, and who is winning if there is?
                      yes Sunday evening

                      haven't bet it yet openers haven't hit the market

                      always post every race thread and picks in the nascar sub forum
                      Comment
                      • GzaTheGenius
                        SBR MVP
                        • 02-12-13
                        • 4181

                        #12
                        My bankroll is only about $300 a week but I still bet $50 a game.

                        I don't bet every day, I usually win most weeks. I'd be lying if I said I never lose but it is rare for me to be paying st the end of a week. Definitely +$$ since I've started with this local

                        Some people got it some people don't
                        Comment
                        • funnyb25
                          BARRELED IN @ SBR!
                          • 07-09-09
                          • 39663

                          #13
                          Comment
                          • jjgold
                            SBR Aristocracy
                            • 07-20-05
                            • 388208

                            #14
                            Originally posted by GzaTheGenius
                            My bankroll is only about $300 a week but I still bet $50 a game.

                            I don't bet every day, I usually win most weeks. I'd be lying if I said I never lose but it is rare for me to be paying st the end of a week. Definitely +$$ since I've started with this local

                            Some people got it some people don't

                            you do not make a lot of plays

                            most of us do and get buried even betting $50 a game ads up
                            Comment
                            • vividjohn45
                              SBR Hall of Famer
                              • 11-21-10
                              • 6331

                              #15
                              Originally posted by jjgold
                              Say since January 1st, do you realize you will never get to even keeping your bet size the same??

                              Basically showing you how hard it is to get to even as you are basically a +700 dog to do it
                              This is really more a argument that people shouldn't wager on sports. Which yeah if you dont study all the time/ or tail a good capper / or pay a good tout. Poker is most profitable to me anyway. Ive bet sports 10+ years and still have large downswings along with big upswings. Only way i lose at poker if guys make their draws and i hit a bad streak with that. Which happens a couple times every few months
                              Comment
                              • vividjohn45
                                SBR Hall of Famer
                                • 11-21-10
                                • 6331

                                #16
                                Like right now with all the trump stuff going on. I study the newspapers rather then sports. First time in 10+ years ive slowed down on sports but trump will do that to a guy. In my opinion he is highly disruptive and causes anxiety and tension in americans lives rather then helping americans and being a supportive figure. So yeah until he is gone i dont have time for much sports. I still play poker daily
                                Comment
                                • BuckyOne
                                  SBR MVP
                                  • 01-02-15
                                  • 2739

                                  #17
                                  LOL, The guy just cannot walk away from a argument/fight can he? Then he gets bored without one and starts one himself!
                                  Comment
                                  • Booya711
                                    BARRELED IN @ SBR!
                                    • 12-20-11
                                    • 27364

                                    #18
                                    If you bet $50 a game and are down $1000....you need to just end it...gun to the head is easiest
                                    Comment
                                    • jjgold
                                      SBR Aristocracy
                                      • 07-20-05
                                      • 388208

                                      #19
                                      Anyone that thinks you cannot lose $1000 in 5 months does
                                      Not know much about betting
                                      Comment
                                      • Booya711
                                        BARRELED IN @ SBR!
                                        • 12-20-11
                                        • 27364

                                        #20
                                        Originally posted by jjgold
                                        Anyone that thinks you cannot lose $1000 in 5 months does
                                        Not know much about betting

                                        Not betting $50 a game...means you have no clue
                                        Comment
                                        • jjgold
                                          SBR Aristocracy
                                          • 07-20-05
                                          • 388208

                                          #21
                                          Booya tell everyone how much you owe out to banks because of gambling
                                          Comment
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