Why you lose money and Categorization of losers.Very useful info.

[BeYourself]

Most gamblers try to blame their losing on luck,teams,losing streaks,anything...but themselves.There is more to losing in sports betting then most people think.I have no time and energy today to write a long explanation,so I will just categorize losers,like any bookmaker categorizes them.

1. People that simply have no business to be in this business.Due to their mind,character,habits,upbringing and life experience,-they will never be successful.Nothing is gonna help them even long time training.Its like not everybody can be a lawyer,doctor or work in IT industry.

2.People with big ego.

Gamblers that are not capable to be flexible,analyze their mistakes and most importantly-acknowledge them.Two game losing streak usually provokes them to go all in or make some other stupid mistakes.

3.People desperately looking for a way out.

Low paying jobs,demanding girlfriend,credit debt,etc-pushes them to bet.They might know what they are doing,but negative emotions feed their betting.And if they have no idea how to manage negative emotions in their head-they will eventually lose.To be short-misery begets misery.

4.Newbies.

People that watch sports their whole life and one day decide to bet.They bet on favorites,teams they cheer on,make stupid mistakes,etc.They will lose for 4-5 years before realizing that everything is not so easy in betting as they first thought.They simply have no idea what betting is.Newbies are bookies beloved type of players.

5.People that know what betting is,but chose the wrong sport to bet on.

Sport that you know everything about and love,-sometimes is not sport to make money on.


6.People that know what betting is,pick the right sport,but chose the wrong prices when they bet.

This is very complicated and I have no time to explain today.

7.People,that unexplainably have no luck at make it or break it moments.


8.If you do not belong to any of the categories above-you have a solid chance to become a PRO


p.s.Writing everything above,I assumed that losers knew what fundamental things in betting are:betting unit,money management,value,etc

[TommieGunshot]

People who make good bets win money. The only thing the people who lose are doing wrong is making bad bets. A good or bad bet has virtually nothing to do with character, desperation, ego, experience, habits, or luck. It is defined entirely by the math and probabilities.

[Sam Odom]

1a. People who think they know it all

[hubie69]

1a. People who think they know it all

Sammy! Call me on the 911 line bud.

[Sam Odom]

in a sec... eating a bowl of Froot Loops right now

[hubie69]

in a sec... eating a bowl of Froot Loops right now

Fruit Loops are delicious. They're also VERY VERY high in +EV

[19th Hole]

1a. People who think they know it all

People putting all of their win/loss analysis in their SBR post #8.

[BeYourself]

People putting all of their win/loss analysis in their SBR post #8.

[hubie69]

#1 Above should have been Become an SBR Pro. Zero clout without it.
#2 Above should have been eat more Fruit Loops. As you can see already, it's the breakfast of champions and has enormous positive EV.

[Sam Odom]

Sammy is currently wearing...

[hubie69]

Sammy is currently wearing...

Sammy I'll one up you. Wore this bad boy to work today. Some strange looks but worth it.

[Sam Odom]

Wow

Sammy concedes

[hubie69]

The lady who sits by me asked why I wore the onsie to work. I told her to sit down and STFU. Toucan Sam would peck her fukkin eyes out if she sassed me again.

[jjgold]

Never forget everyone loses except professional arbors, professional hedgers and professional bonus whores

[BeYourself]

Never forget everyone loses except professional arbors, professional hedgers and professional bonus whores

all those categories above get limited by bookies very fast.

[hubie69]

Never forget everyone loses except professional arbors, professional hedgers and professional bonus whores

Once again, just when I think 1st shift JJ can't get any dumber, You go and completely redeem yourself!

JJ why don't you sit the next couple of plays out, maybe eat a bowl of +EV fruit looos.

[KVB]

in a sec... eating a bowl of Froot Loops right now

Fruit Loops are delicious. They're also VERY VERY high in +EV

#1 Above should have been Become an SBR Pro. Zero clout without it.
#2 Above should have been eat more Fruit Loops. As you can see already, it's the breakfast of champions and has enormous positive EV.

Are we really going the Fruit Loop route here in the thread?

That's proven to be a real sticky road here at SBR, a true slippery slope.

Auto Donk, check in pal, but bathe first...

[KVB]

Don't fret about the request for a bath, it's standard...

[hubie69]

Are we really going the Fruit Loop route here in the thread?

That's proven to be a real sticky road here at SBR, a true slippery slope.

Auto Donk, check in pal, but bathe first...

KVB I think it's time we took this thread down the Fruit Loops Freeway. We have no choice now, we cannot stop here, we must forge ahead.

[KVB]

If it's your weight that worries, you can opt for the bowl of fruit, without the Loops...

[vividjohn45]

Never forget everyone loses except professional arbors, professional hedgers and professional bonus whores

What about just being a whore, because every other weekend...

[KVB]

KVB I think it's time we took this thread down the Fruit Loops Freeway. We have no choice now, we cannot stop here, we must forge ahead.

Ok, Hubie, but beware, it's not going to be all bathtubs and cereal bowls...

[KVB]

And we're going to need some milk,just ask Toucan Sam Odom...

[KVB]

Auto Donk may need to take this to another level, we can only go so far here...

[hubie69]

Ok, Hubie, but beware, it's not going to be all bathtubs and cereal bowls...

Clearly part of a balanced breakfast.

[Getch13]

[KVB]

[Otters27]

If you have no discipline you're fukked

[hubie69]

If you have no discipline you're fukked

[KVB]

Things like patience and discipline might get easier the more you correctly practice them, but depending on how involved a bettor is in day to day trading and watching the scoreboard or games, they can be an endless war.

Once a bettor is reasonably experienced the more he can run figures, place the bets, and stay away from the rest, the less he needs to work on the patience and discipline.

But different strategies can dictate different levels of involvement.

I know some bettors doing this meaningfully that don't need much in patience and discipline anymore. They follow their rules, bet according to plan, and never look back. I have some Funds I can do that with, others require constant maintenance.

Anywhere there becomes a judgement call leaves open room for patience and discipline to get hit be a devil's arrow.

It's not just in betting and bankroll management, which can be done with little judgement directly, it's also in handicapping and the choices being made during that process.

Experience brings wisdom and wisdom helps to make the best choices in the each situation. Realistically, that's the best we can ask for and it's not bad.

[BeYourself]

Things like patience and discipline might get easier the more you correctly practice them, but depending on how involved a bettor is in day to day trading and watching the scoreboard or games, they can be an endless war.

Once a bettor is reasonably experienced the more he can run figures, place the bets, and stay away from the rest, the less he needs to work on the patience and discipline.

But different strategies can dictate different levels of involvement.

I know some bettors doing this meaningfully that don't need much in patience and discipline anymore. They follow their rules, bet according to plan, and never look back. I have some Funds I can do that with, others require constant maintenance.

Anywhere there becomes a judgement call leaves open room for patience and discipline to get hit be a devil's arrow.

It's not just in betting and bankroll management, which can be done with little judgement directly, it's also in handicapping and the choices being made during that process.

Experience brings wisdom and wisdom helps to make the best choices in the each situation. Realistically, that's the best we can ask for and it's not bad.

cheers!!!!deep thinking you have!at least,here some people that know what they are doing!

[grease lightnin]

9. People who think that betting on sports is a business.

[KVB]

8. People who think that betting on sports is a business.

More of an investment but it is most definitely handled differently between those that treat it as a business, requiring draw down or regular taxable pay, to those that don't view it that way.

In fact, if it is treated as a business it requires planning and likely a different money management strategy than other betting.

For example, no part of what we consider my stable, reliable business of yearly betting uses any form of Kelly or fraction of; it is more like a plateau strategy.

But the long term accounts and some aggressive side funds are a little different.

This insures the ability to draw capital from the business bankroll as pay at reliable times, and it's not often, only a few times a year.

Sometimes there's a bonus, sometimes not.

But there's always a draw. After doing this for so long, I can only think of it as a business, save a few fun bets for the Forum.

Hope all is well Greaser.

[grease lightnin]

More of an investment but it is most definitely handled differently between those that treat it as a business, requiring draw down or regular taxable pay, to those that don't view it that way.

In fact, if it is treated as a business it requires planning and likely a different money management strategy than other betting.

For example, no part of what we consider my stable, reliable business of yearly betting uses any form of Kelly or fraction of; it is more like a plateau strategy.

But the long term accounts and some aggressive side funds are a little different.

This insures the ability to draw capital from the business bankroll as pay at reliable times, and it's not often, only a few times a year.

Sometimes there's a bonus, sometimes not.

But there's always a draw. After doing this for so long, I can only think of it as a business, save a few fun bets for the Forum.

Hope all is well Greaser.

You too pal.

What I will say is if you want to be in the betting business, you should become a book because then you bet juice free.

[KVB]

A player at heart, but being a book is the business to be in.

Wish I had enough to open a book with all these states getting in the business. Probably going to wish I was invested in sportsbooks and more in weed dispensaries a few years from now.

There's been some "groundfloor" with those in our recent lifetime.