Sports Betting: My Story of an Action Junkie

[Destroyer]

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[vanman]

Welcome to the forum,i hope everything turns out as you want.

[bigboydan]

Welcome to the SBR forum Destroyer

Hopefully all of us can prevent you from having to return to that corporate grind.

[HedgeHog]

Scared money never wins. You won when you didn't need to. Now that you have to, you can't. I think you're pressing, plus you need that 9-5 as a stabilizing influence. Sincerely wishing you GL in getting things back together.

[Thremp]

Get a job. You're not gonna cut it until you grasp some ultra basic concept of bankroll management. Its pretty horrid you went "pro" without betting a kelly stake at the least.

[Tchocky]

Thanks for sharing.

[Art Vandeleigh]

If true, this story is kind of similar to a movie called "Lost In America" (1985) starring Albert Brooks and Julie Hagerty (Airplane). Might have to rent it again now that I've thought about it, it's a pretty good movie, chances are some people here can relate.

[Destroyer]

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[donjuan]

Destroyer,

Do you know what the Kelly criterion is?

[WestsidePete]

Destroyer...thanks for sharing...wishing you good luck the rest of the year....study a few of the regulars here to help you and write down a game plan for the last 2 months...and don't deviate from it ever...no matter what...

[durito]

I had my worst betting month of my life the month after I quit my job last year.

[jolub]

I just came off the worst losing streak of my life. Out of 41, I won 4 and lost 37. It nearly made me give up gambling.

[Destroyer]

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[jjgold]

You need to work Son or your heading down a path of misery, your too in ecperienced to bet on sports wit high stakes.

[Destroyer]

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[milwaukee mike]

i'm wondering how you lost roughly $70k or so in one weekend at a vegas sports book?
i've got to shop and chop even my puny action these days.

long gone are the days where mgm took 10k cash bets no questions asked.

[SPECULATOR 13]

On November 2007, I voluntarily resigned from my corporate job. The daily grind, 60+ miles of commuting, and above all, the 12 hour work days and weekends were a complete burn out after 5+ years. I no longer enjoyed my corporate job and the demanding work schedule.

In the past 3 years, I have not had the opportunity to take any vacation and the conclusion was clear: the job wasn't worth it. For some, the apprehension and prospect of unemployment may have life changing implications. However, my decision to voluntarily resign manifested in early December 2006 and I was financially prepared for this day.

My decision to resign had no relevance to my sports betting hobby. Although the money that I won reached closed to $150,000 in 2 months of the 2007 NFL season, my decision to voluntarily resign had no bearing on the income disparity that I earned from my hobby and my former corporate job. The bottom line was clear: I no longer enjoyed my corporate job and the demanding work schedule became a hardship.

Since two weeks after my resignation, I have experienced an emotional gyration from absolute euphoria to complete disappointment and remorse. In summary, here's how the events evolved:

The 1st week after my resignation consisted of absolute debauchery. I can't emphasize this matter more concisely. Womanizing, strip clubs, Las Vegas, binge eating, and consumption of copious amounts of alcohol. This was an absolute hedonistic experience that satisfied every carnal desire. I will never forget the good times. Thanks, K & T. These two blonde white girls were the BEST. So, what happens in Las Vegas, stays in Las Vegas. LOL.

The 2nd week after my resignation was a complete disappointment filled with remorse. I loss $150,000 over a three week period that culminated on Sunday of week 2 since my resignation. The losses were all attributed to sports betting due to the lack of risk management of my bankroll. In other words, I was wagering too high that exposed my bankroll to the risk of ruin.

I have never in the past three years or so in my sports betting hobby sustained more than one week of losses. In this case, I suffered three consecutive weeks of substantial losses as I increased my betting amounts exponentially by 2x's every week over the past 3 weeks. The math calculations that were deployed to predict the outcome of the games were fine. Unfortunately, the NFL teams couldn't deliver on their end of the deal.

In the current state, the remaining funds in my bankroll total $25,000. Although the losses were completely obtained from my winnings (no personal savings or funds were used to cover the losses), the deterioriation of my bankroll has dissolved my plans to remain retired.

For now, the plan is to rest and relax for the next month or so until the end of December 2007. Afterwards, the goal is to seek full-time employment by initiating my job search in January 2008. Preferrably, my job search will concentrate on employment opportunities with a shorter commute and a more balanced work / life schedule.

Unless I am able to sustain a rally of wins for the remaining 5 weeks of the NFL season, my intent is to risk an additional $10,000 of the remaining $25,000 balance in my bankroll. If I am able to successfully win $100,000 in the remaining 5 weeks of the NFL season, I will remain retired. If not, it's back to the grind working a corporate job. LOL.

Thanks for sharing your experience DESTROYER and welcome to SBR ,IT IS INDEED THE ABSOLUTE BEST SPORT BETTING WEBSITE/FORUM ANYWHERE!!!
I also will move on with my life BUT next year and do sport investing as a full time gig.I am raising a bankroll for next year by betting this year...what you went through was called paying your dues,you have to suffer wounds and then learn from them in this racket.THERE NOTHING WRONG IN F*CKING-UP, F*CKING TWICE THE SAME WAY IS!!!So learn you lesson ,lick your wounds and get back on that horse if you feel like it!
GOOD LUCK WITH YOUR COMEBACK!!

[Destroyer]

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[milwaukee mike]

destroyer i wish it was still that easy...

i have tried more than a few times to lay a couple grand in cash and they will bug me with the b.s. "are you staying here" - (hey you know me and that i'm not) "can i see id" (see above lol) "etc" etc

just give me the ticket!

glad to hear that they'll give you a 55k limit (do they know your name/address?) but you have to be the exception to the rule these days. all running scared that you'll bet big at every mgm owned property on the same side.

[Destroyer]

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[JDizzel]

Thanks for sharing your experience DESTROYER and welcome to SBR ,IT IS INDEED THE ABSOLUTE BEST SPORT BETTING WEBSITE/FORUM ANYWHERE!!!
I also will move on with my life BUT next year and do sport investing as a full time gig.I am raising a bankroll for next year by betting this year...what you went through was called paying your dues,you have to suffer wounds and then learn from them in this racket.THERE NOTHING WRONG IN F*CKING-UP, F*CKING TWICE THE SAME WAY IS!!!So learn you lesson ,lick your wounds and get back on that horse if you feel like it!
GOOD LUCK WITH YOUR COMEBACK!!

Totally agree... I've fu*ked up many times and many times came back
.. just get up and try again ....GL

[Destroyer]

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[robmpink]

Start looking for a job now.

[Destroyer]

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[donjuan]

Uh, you might want to think about why those casinos will gladly accept 55k bets from you once you have identified yourself.

[Destroyer]

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[robmpink]

Start looking for a job now.

Really what I meant is that you say you'll look starting 01-01-08. Other people will make the same attempt as well starting 01-01-08 for whatever reason they have. The point is the early bird catches the worm. The 3 or 4 extra weeks in December may benefit you vs. starting to look on 01-01-08, L

[Destroyer]

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