How much money did you lose during your "rookie" years of wagering?

jjgold · 10-21-07, 06:38 PM

about 2k a year

indianachris · 10-22-07, 12:05 PM

This is my rookie year and so far I am up 130 for the season. My plan is to bet small this football season and then evaluate where I am at the end of the season.

raiders72002 · 10-22-07, 12:13 PM

Lost a lot of bets but a $50 bet was huge back then.

ritehook · 10-22-07, 12:28 PM

I actually did better in the years from around 1991 (my "rookie" years) to aound 1999, than now. (Tho I've never failed to show a flat bet profit in the bowl games, knock on wood don't fail me me.)

Before I had a pc and was online I did better betting football.
Too much info overload maybe. The old KISS (keep it simple, stupid) may be right . . .

WileOut · 10-22-07, 12:29 PM

Everyone starts out a square. Unless you are older when you start, then you would have more control. I started at 18 and was as square as could be. Lost a lot to locals then to betonsports.

Tchocky · 10-22-07, 02:34 PM

I won over $15,000.00 my first 30 days. Sometimes I think early success is the worst thing that can happen to you. You start thinking you're a genius but most of the time you just got lucky.

dwaechte · 10-22-07, 03:38 PM

Originally posted by Tchocky

I won over $15,000.00 my first 30 days. Sometimes I think early success is the worst thing that can happen to you. You start thinking you're a genius but most of the time you just got lucky.

The exact thing that I'm worried about. At 19, I just got my first credit card 2 months ago and put in a $600 deposit. I've been really hot so far, but I know its just been luck. Despite that, I can't help but up my bets into probably-not-safe territory, and I know its going to bite me in the ass sooner or later. Discipline is a tricky thing.

SBR_John · 10-22-07, 05:33 PM

I lost every year for about 10 years. Probably avg was about $10k a year. Last 10 years ive won 3-4 years and lost the rest.

Doc JS · 10-22-07, 06:44 PM

Originally posted by SBR_John

I lost every year for about 10 years. Probably avg was about $10k a year. Last 10 years ive won 3-4 years and lost the rest.

John,
I'm curious as to why you think you've lost the majority of the last ten years? (Besides the obvious of not picking enough winners.)

Is it a lack of discipline, chasing losses, money management, betting too many sports?

SBR_John · 10-22-07, 06:48 PM

Hmm... well for me, its lack of capping.

I break even or win a little when I cap hard and manage money properly. The last few years ive been busy, just had time for gut capping and that just doesnt work.

20Four7 · 10-22-07, 07:12 PM

Originally posted by SBR_John

Hmm... well for me, its lack of capping.

I break even or win a little when I cap hard and manage money properly. The last few years ive been busy, just had time for gut capping and that just doesnt work.

I started out playing the horses at 19 years old. Was successful but had a father that told me I needed a "real" job. Got the real job and bet far more now than I did back then. Have had success with NFL for all but 5 years during the past 20. But as John said you have to work on your capping because gut capping doesn't work. When I played horses every day I put in more hours working (capping) than I did in almost any job I"ve had.

THE HITMAN · 10-22-07, 07:17 PM

Actually won in my rookie year...........I was 8 years old and bet a friend a nickel on the world series.
But, seriously I don't remember the $ figure.............It was long ago and a dollar went a lot farther then, so the correlation is off. But, the first 2-3 years , before I learned the ropes, were frustrating & losers.

goldengoat · 10-22-07, 08:55 PM

never had a losing year

then again ive never tore it up either

i am pretty conservative most times

Lebowski · 10-22-07, 09:48 PM

18k... still trying to get it back... I get close to getting it all back and but get wild and lose it all again.