A Good Gambler Forgets His Loses Previous Days

[teaserpleaser]

been hearing that ^ for years

Some of the advice and picks that Jj gold handle gives makes you scratch your head. Been doing it for years.

[milwaukee mike]

Some of the advice and picks that Jj gold handle gives makes you scratch your head. Been doing it for years.

well he gets paid to post from a site that gets paid by books that make money off of losing players

so why would he give advice that would help people win? or even lose less?

[milwaukee mike]

Originally Posted by KVB
This brings up another good teaching point for beginners and even those veterans who can get to a 55% to 60% win rate. Very few bettors realize that nearly 95% of the time you can expect to be behind. With proper money management your expectation is still to see new highs in account value only 5% of the time.

This is the reality of the mathematics of the situation. But this lesson is more psychological. If you know that this condition exits then you can better cope with it, not chase losses, and not constantly feel like you are behind and have to “make a move” to get caught up simply because your roll is less than its highest point.

Eliminate the psychological need to catch up and you are bound to make better decisions moving forward. This thinking may not add a winning play to your day, but it sure as hell may take you off of a losing play.

In sports betting, a penny saved in this fashion is most certainly a penny earned...

[milwaukee mike]

^^ that is some weird advice... so you're saying only 1 out of every 20 days is going to be a record high for someone hitting 60%?

[ChuckyTheGoat]

JJ...I guess that means u can't recall a single day, dating back to 2013.

[ChuckyTheGoat]

JJ will NOT win the Scripps Spelling Bee next year.

[shocka1212]

Sam I got to make a video about that thanks for reminding me

post it next Friday.......

[jjgold]

A lot of good theories in the thread

I now on a mini run because of it

[CappinTerp]

I never get too high when I win.And never get too low when I loose - " Because this is the business we have chosen "

[Sam Odom]

milky mike bringing some heat

[shadymcgrady]

I can't remember my wins from yesterday but I can recount every excruciating backdoor, last second/possession choke job loss for the past few years I've suffered

[jjgold]

already looking ahead

lost small today

It does not matter