The best way to lose all your money gambling on sports?

[jjgold]

Bet baseball favorites and you’ll sure be knocked out of the box

Do not bet anything over about - 160 ever not even parlays with chalks

Zero upside

[Orbison]

NBA, MLB, or NFL large chalk ML parlays

[funnyb25]

Mets a great example today. Those guys suck

[jjgold]

BOOKMAKERS DO NOT LIKE GUYS TAKING SHOTS LIKE THIS

5 Dimes @ +180

Team A +170
Team B +165

5 Dimes Reverse

They want no part of players like this

[funnyb25]

Saloon this shit

[johnnyvegas13]

Bet baseball favorites and you’ll sure be knocked out of the box

Do not bet anything over about - 160 ever not even parlays with chalks

Zero upside

Sounds like u took Mets ml earlier

[SamsNCharge99]

Follow JJ golds picks

[big joe 1212]

More words of wisdom

[19th Hole]

Follow JJ golds picks

End Of Thread.

[jjgold]

Winner since November
All on sheet

Well documented

[milwaukee mike]

i thought it was playing in online casinos

[pavyracer]

Best way to lose your money is getting a job as a file clerk.

[jjgold]

Lol

Paver do you realize how highly educated I am? I have beat out doctors and lawyers for jobs here.

[hubie69]

Lol

Paver do you realize how highly educated I am? I have beat out doctors and lawyers for jobs here.

Judging by your math and spelling skills I'd assume that a 4th grade level education seems high to you?

[unlearn]

Tailing morino

[KVB]

Betting a set percentage of your bankroll each day is sure way to lose money to vig. Bettors betting say, 5% of their roll each bet and then betting 5% of the new balance on the next bet are killing themselves with vig.

I've posted this before and let's just keep it simple...

I’ve posted over and over again that changing you bet size is equivalent to progressive betting and it is costly.

Let's take the typical spread bet and use -110.

Take a set of 21 bets; give yourself 11 wins and 10 losses. Now take any starting bankroll amount. To keep it simple, bet 5.5% to win 5% for each bet and put the wins and losses in any order you desire. After each bet, win or lose, adjust the next bet to 5.5% of the new bankroll.

Now, if you didn’t change the size of your bets, kept it the same amount at 5.5% of your starting bankroll, then 52.4%, or 11 wins and 10 losses would result in breaking even.

But adjusting your bet size each play will result in changing the breakeven point. How much it changes depends on the percentage bet, but the higher the percentage, the worse off you are. With my example, of 5.5%, the breakeven point nears 54%.

Reduced vigorish is a game changer for bettors like this as it might help mitigate the costs of raising the breakeven point.

Again, the percentage doesn’t matter; it’s easy to use 5.5% for this exercise but no matter what percentage you adjust to the results are along the same lines.

Try it again and again. No matter what order you place your 11 wins and 10 losses, after those 21 bets, you always have 97.1% of your roll left.

In fact, after 110 wins and 100 losses with 5.5% of the new bankroll bet each time, you would be down somewhere in the neighborhood of 25% of your starting bankroll.

Proper money management is essential to maximizing profits or minimizing losses and essential to securing long term profits.

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[gopolks]

Giving money to Steve Stevens and Vegas Dave is the best way to lose money.

[jjgold]

Maybe some favs win today??

[LongBall52]

Baseball the long season is my favorite . I've never had a huge winning or a huge loosing season. There's always we'll getem tomorrow.

[pologq]

that girl in kvb's post should be the new sbr mascot