Building an empire.

[oxmade]

Im new to putting my money on the spread, and I was wondering if you guys had any advice on what I can do to not go broke fast.
Im just curious on ways that you all built your rolls. Or any mistakes you all made that you can keep me from makeing.

[iceminers26]

Money Management

Ex: If you have a 2k bankroll, only bet 2% of it on each play and never more than 5%, live to fight another day and don't go bust chasing loses.

[JBC77]

Don't bet a lot of games. Your daily card should have no more than two plays. It's my opinion....but over the years I've noticed, no matter what sport, if your betting 5 to 10 games a day your going to lose more than you win. I watch guys during baseball season bet 3 or 4 games a night and I think thats absolutely nuts.

My personal strategy on days I'm going to bet, is to isolate the one game that I think I can win, no matter what it is, over, unders, sides, spread, etc. One wager, thats it.

If I lose, I can come back the next day without my bankroll being demolished and my mental state towards betting screwed up. If you have a five game card and you go 1-4....it can bury you. One pick a day when betting.....limits the damage and presents an opportunity to get a decent streak going.

I've said it a million times: less is more when it comes to sports betting.

[twister]

Don't bet a lot of games. Your daily card should have no more than two plays. It's my opinion....but over the years I've noticed, no matter what sport, if your betting 5 to 10 games a day your going to lose more than you win. I watch guys during baseball season bet 3 or 4 games a night and I think thats absolutely nuts. My personal strategy on days I'm going to bet, is to isolate the one game that I think I can win, no matter what it is, over, unders, sides, spread, etc. One wager, thats it. If I lose, I can come back the next day without my bankroll being demolished and my mental state towards betting screwed up. If you have a five game card and you go 1-4....it can bury you. One pick a day when betting.....limits the damage and presents an opportunity to get a decent streak going. I've said it a million times: less is more when it comes to sports betting.

So what if the Cavs ML v Nets was +200, and the LAL ML v Min was +200 and that happened to be on the same day? Extreme and quite obviously an unrealistic scenario, but the point is that restricting your plays based on splits of 24 hours is a stupid common notion in the gambling community.

The fact is, you bet when you have an edge and you don't bet when you don't. That could be 40 bets in one day, or 0 bets in a week. That is why money management is key. If you're smart enough to be able to quantify your plays correctly enough, you can adjust your wagers differently per bet, but typically a 1-2% of STARTING bankroll per bet is about right. The problem with this is the starting bankroll; gamblers by nature are greedy - if the starting bankroll is only $2,000 then even if you made 50 units a season, that would only be $2,000 if going by the 2% rule. The greedy gambler says "$2,000 for 4 months of hard capping? Fukk that" so goes ahead and bets $200 a game. Even if they are good enough to be a long term winner, standard deviation comes and kicks them in the ass and eats up their entire bankroll. The smart, controlled and patient gambler slowly grows his bankroll. His $2,000 becomes $4,000, his $4,000 becomes $8,000. Over the next 10 years he grows his $2,000 bankroll into over $1,000,000 just by wagering 2% of his bankroll at season start and winning 50 units a season. In the same time, the greedy gambler who is wagering 10% of his bankroll on each game is $-20,000 over those 10 years and feeding their kid canned meat.

Summary: Grow your bankroll slowly, you stupid degenerate fukks.

[Shortstop]

Greetings oxmade! You'll love it here!

[lyon804]

So what if the Cavs ML v Nets was +200, and the LAL ML v Min was +200 and that happened to be on the same day? Extreme and quite obviously an unrealistic scenario, but the point is that restricting your plays based on splits of 24 hours is a stupid common notion in the gambling community.

The fact is, you bet when you have an edge and you don't bet when you don't. That could be 40 bets in one day, or 0 bets in a week. That is why money management is key. If you're smart enough to be able to quantify your plays correctly enough, you can adjust your wagers differently per bet, but typically a 1-2% of STARTING bankroll per bet is about right. The problem with this is the starting bankroll; gamblers by nature are greedy - if the starting bankroll is only $2,000 then even if you made 50 units a season, that would only be $2,000 if going by the 2% rule. The greedy gambler says "$2,000 for 4 months of hard capping? Fukk that" so goes ahead and bets $200 a game. Even if they are good enough to be a long term winner, standard deviation comes and kicks them in the ass and eats up their entire bankroll. The smart, controlled and patient gambler slowly grows his bankroll. His $2,000 becomes $4,000, his $4,000 becomes $8,000. Over the next 10 years he grows his $2,000 bankroll into over $1,000,000 just by wagering 2% of his bankroll at season start and winning 50 units a season. In the same time, the greedy gambler who is wagering 10% of his bankroll on each game is $-20,000 over those 10 years and feeding their kid canned meat.

Summary: Grow your bankroll slowly, you stupid degenerate fukks.

Well put. Sir you have all the tools! Question is.... Do you practice them? I agree with everything you posted. I have got my ass kicked by greediness and standard deviation for quite sometime. It took many loses for me to finally restrain myself. My biggest hot streaks have always been followed by a cols streak when I started to push more money and get cocky because everything was so easy for sometime. It never failed.. I get hot run my account way up and get buried i a few days when I got cold or standard deviation arrived, whichever.


Something, I might add to this..... This game of gambling is just that. A game. Whoever can keep there mental tuffness and gain and edge has the best chance of being successful.

There is way more to this than picking winners. That's very important, but just the beginning. You must control and discipline yourself. Problem is that's not what got most people in the game. Control,Discipline,MM, and Hard Work is words very absent from most "gamblers" vocabulary.


If you are asking me my opinion I'll give it. This will take years for you to be successful at and you will never master it. I have been at it over 11 years and have only figured it in the last few years, but have not mastered it. Not a pro myself, but have went from a perennial loser to a winner consistently.

If you have a bankroll you want to "gamble" with I have some advice that might be more fun and less painful....

Spend 90% of your bankroll on alcohol and whores and waste the other 10% This will be more fun and less hit to the ego.

Doesn't matter how smart you are you will most definitely struggle. You must pay your dues. Consider it as if paying for an education.

[Flying Dutchman]

Buy real estate, it's at the bottom now.

You cannot win at this game. These clowns will tell you you can, but they are all on drugs.

[Shortstop]

Buy real estate, it's at the bottom now.

You cannot win at this game. These clowns will tell you you can, but they are all on drugs.

Great post Dutchman!

[koby25]

Welcome Oxmade. Money management is key. Stay within your limits.

[lyon804]

Buy real estate, it's at the bottom now.

You cannot win at this game. These clowns will tell you you can, but they are all on drugs.

Your right! You cannot win at "gambling". I strongly disagree with you can't make money. Problem is most people are more interested in the "action" rather than the "money"

Making money at this is very boring... You must choose your spots wisely and be disciplined and not chase losses.

[Bsters]

I like the real estate idea...invest once and let it grow

[Trojan]

The only Empire you will be building is one for the books. You cant beat the juice over the long run. Quit now before it ruins your life. Look at Brock Landers practically offfering to blow guys for a $50 free play.

[Flying Dutchman]

Reasons you won't make it:

1) you must be a math wizard, certainly in probability and stat.
2) you must ONLY bet in calced out +EV spots, you cannot bet "tonight's game" because it's on TV.
3) get used to looking at a lot of dry data sets.
4) read a lot of forums.
5) try a lot of techniques.
6) start with a small BR and built it, it you can't do this, what makes you think you can build a larger one?
7) keep stats on all your selections, then tear apart your losers, a lot of times there is a reason. (most folks can't bear to go back and look at losses - how the fvk can you learn from that?)

[eidolon]

These might not help other people, but keeping to these simple rules have helped me in betting sports:
1) 1 or 2% of bank roll per bet
2) I don't watch the games live that I bet on (this is where most gamblers will think I'm crazy). Reason for this is that are holding onto every play, and you start making up reasons why games went the way they did. Through out a game it is a rollercoaster. I do tape and watch games later after I know the result. I also watch a lot of games that I'm not betting on; this is look at how other teams are playing for future bets.
3) If I'm on a losing streak and it is affecting me, I will take a few days off from betting.
4) I don't listen to what other people have to say about games. If I figure if I can't figure it out might self, listening to someone else won't help me unless they are a proven winner (which is 99.9% never the case).
5) don't use drugs

[Sam Odom]

http://jjgold.mysbrforum.com/spreadsheet/

[oxmade]

I'm just curius, why do some of you think that no one can actually come on top?

[lyon804]

I'm just curius, why do some of you think that no one can actually come on top?

Listen, it is possible but unlikely and most here are just degens so they are useless information for you. YOU WILL TOO LOSE INITIALLY. You can win at this, but so you want the commitment and dedication it takes. The discipline,money management and patience, etc..........

Real Estate would be easier.

[GELATINOUS CUBE]

I like the live to fight another day post.

AND YEAH, BUY SOME LAND OR A SHACK SOMEWHERE INSTEAD OF BLOWING 20 GRAND OR WHATEVER.

BUT 2% A NIGHT? I DISAGREE. IF I HIT THE BOOK, I PLACE 10-15 BETS AT LEAST AND BET 90% OF MY BANK, BUT THAT ISN'T ALL OF MY BANKROLL, SO I GUESS HE'S RIGHT. I WOULD SAY BET MORE LIKE 20% OF YOUR BANKROLL A NIGHT AT LEAST, WHY WASTE TIME? OH, BUT NOT IF YOU ARE NEW.

YOU CAN MAKE SOME FAST CASH HERE. IN THE LONG RUN, MOST OF US (OR EVERYONE??) BREAKS EVEN AT BEST.

[konck]

Start reading who has a mortal lock here follow it then find the biggest mouth who keeps losing and fade

[Flying Dutchman]

I'm just curius, why do some of you think that no one can actually come on top?

I did not say "no one"

1 in 1,000 do...you like those odds?

Look around you, you think this group of degenerate losers are going anywhere?

Almost any bonehead can make it in real estate.