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I win at a high rate but bankroll management keeps killing me
how do you guys have the discipline to not chase?
Man oh man. I'll have a day where i go 5-0, then I lose 2 the next day...get incredibly frustrated/impatient and bet way way way too much the next game. I can't seem to control my emotions
I honestly think my betting record since baseball started is around 18-10 betting on about even odds but I've lost $1,000 because of horrible bankroll management
write the rules on paper, never break them, ever.
Yep, In-Game Heavy ML's are the killer....
Chasing is 2nd
When you feel undisciplined by being emotional. Just do small $1 bets then bet larger bets like $100 on when you're not chasing and not emotional.
winning is easy, it's how you handle your losses. it takes years and years and years...
Started capping 6 years ago. took me a good 4 years to finally clamp down on that emotion-betting stuff. it takes time and experience, or a good teacher.
I think the answer to your question can be summed up by your Cubs rl thread.
You remind me of kerry, brahma and henry.
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2% per bet. What is so difficult about that?
You won't learn until you go completely broke
Even then you probably won't learn
Some people prefer the rush of chasing losses, clearly that's you
Going 5-0 is nice and all but what really gets your blood pumping is betting 5x your usual unit in a chase effort, that's the thrill you seek. And that's not good in this business unless your ultimate goal is go to broke (which subliminally it might be)
It is number 1 issue guy
Hard to control it but you have to in order to hang in there
It's very, very hard.
I struggled with it big time my first few months when I moved to Vegas.
But doing it and knowing how it feels after, to me is the most important. Got it out of the way, it happened, clear head, make yourself today your own ONE money management rule, (depending obviously on your income/bankroll), start it today and stick to it everyday. Occasionally let yourself a day or two once a year of going outside your rule, but make it punishable to yourself if you ever slip off the trails on the daily.
Experience is your best friend.
BOL.
Originally Posted by pattymayo
I don't bet anywhere near big enough to go broke. I make close to 200K a year and I don't ever deposit more than 800-1000 bucks at a time. I think I've lost $2,000 bucks this year
I don't need to sports gamble. I just do it because I find it immensely exciting
Great thread, should be sticky.
It's really difficult. I have $5000 which I am trying to manage through whole season. I may not succeed. Betting $30 to $50 per bet is boring.
When your betting is boring is when you start making money.
Spot betting is boring but has helped me make more money than lose money.
Action betting is fun and addictive but hurts your bankroll in the long run.
This is my experience as well. When my bets got large enough it "hurt" to lose a game is when you start emotional betting. If you bet an amount that you don't care about losing you won't chase it because who cares if you lost it.
You have to decide if gambling is an entertainment expense or a source of income. In my experience it can't be both.
Well you seem to have an in perspective you're gambling for entertainment, fun and the challenge
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