How not to Bet

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  • pharmorjac
    SBR Rookie
    • 11-06-07
    • 24

    #1
    How not to Bet
    Blah...

    I opened a Bodog account a few months ago with $1,000 and now its all gone. The most I got it up to was 3,800. Not to bad, but was definetly hoping for better.

    Anyway, I'm not sure if i'm going to reload it. I did some picks, poker, and blackjack. Obviously, not really cut out for any of it.

    The only reason I opened it was b/c I was placing bets based on my membership with Wayne Root. From listening to everything in this forum that was the wrong move. What I'm going to write below is just a lesson I learned...I hope no one else follows my down this road, and you guys don't rag on me too much.

    A couple weeks into the season I get a call from someone at Wayne's office. After listening to his speil (you will win) i take the bait. 2 weeks worth of picks for $250. I did OK and after the two weeks I had made $500.

    I decide to take the NFL/NBA season package for 2000. With this I get his perfect play package. It was totally worthless. The Perfect Plays (the best package) never hit. Honestly, if i were to bet the games on his low end I would have been perfect.

    What I learned - Don't pay for pics. It's really a waste of money. And now I got all of Wayne's boys bugging me for more $$$.

    Money Management - Practice it. The biggest fall I made was betting big on Wayne's perfect plays.

    Know your pics - Alot of the pics I made were based slowly on what I was buying from Wayne. If i would have bet what i knew, I probably would have made a little less out the gate, but would have lasted a little longer.

    So now I'm broke (at least in the bodog account). I thought of this as a risky investment, and honestly it just didn't work out.

    Anyone had this type of story? Should I re deposit more $$ and if so, how should I make my $ back?

    Or just stay out and put the $$ in my 401 K.....all i can say is blah.
  • remmy358
    SBR MVP
    • 07-18-07
    • 2199

    #2
    Originally posted by pharmorjac

    Anyone had this type of story? Should I re deposit more $$ and if so, how should I make my $ back?

    Or just stay out and put the $$ in my 401 K.....all i can say is blah.
    if it makes you feel any better, rarely anyone wins. most of the guys on this forum would love to be down 1,000. that's chump change and can be earned back in no time.

    my recommendation is to never gamble again. invest in the stock market.

    if you don't want to come back but end up coming back because of the urges, you may have a gambling problem.

    also, don't listen to most guys on this board with regard to "if i should gamble or not". most guys on here are compulsive gamblers, they will advise you to gamble until you're in debt up to your ears, divorced, and have ruined your life.
    Comment
    • yahoonino
      SBR MVP
      • 08-10-07
      • 2651

      #3
      Originally posted by remmy358
      if it makes you feel any better, rarely anyone wins. most of the guys on this forum would love to be down 1,000. that's chump change and can be earned back in no time.

      my recommendation is to never gamble again. invest in the stock market.

      if you don't want to come back but end up coming back because of the urges, you may have a gambling problem.

      also, don't listen to most guys on this board with regard to "if i should gamble or not". most guys on here are compulsive gamblers, they will advise you to gamble until you're in debt up to your ears, divorced, and have ruined your life.
      i totaly agree
      Comment
      • yahoonino
        SBR MVP
        • 08-10-07
        • 2651

        #4
        until will be point spread on any game ,,,you never never never win
        Comment
        • thezbar
          SBR Hall of Famer
          • 08-29-06
          • 6422

          #5
          Gambling is addictive for most people who get involved for any a long period of time. Caution is required and most of us have thrown it to the wind while" in action" at one time or another. If monitary growth is the objective then a 401k is the wiser choice, both short and long term.
          I've purchased a season package in the past. For one it was poor money management from the start by placing myself behind the eight ball. I was stuck before I'd placed a wager. The selections ran about 50% with some dry spells that I never could recover from. The posts on this site are just as good in assisting someone to a winning side.
          My suggestion would be to take a break or just let it go. If you plan to reload, take 500 and give it a try. If you can't get back to square one with that then I would stop.
          Comment
          • Destroyer
            SBR Sharp
            • 11-19-07
            • 416

            #6
            I'd suggest taking a vacation. Sports betting isn't worth the headache at times. It feels easy when you win, but when you lose, it's frustrating. Sports betting is a hard job to make an easy living.

            If you do intend to continue sports betting, it may be worthwhile to learn to handicap the games that you bet. This can be accomplished by reading books on sports handicapping and seeking the opinions from other experienced bettors in sports forums like SBR. This will allow you to make a more informed decision, rather than, blindly buying picks from touts that have no skin in the game.

            For now, take a vacation. Sports betting will always be there when and if you decided to come out of retirement.
            Comment
            • MrX
              SBR MVP
              • 01-10-06
              • 1540

              #7
              Originally posted by pharmorjac
              What I'm going to write below is just a lesson I learned...I hope no one else follows my down this road, and you guys don't rag on me too much.
              No one's going to rag on you for learning a lesson.

              Don't deposit more unless you have solid research indicating that you have an edge or unless you want to gamble for fun with amounts that are fun.
              Comment
              • shady610
                SBR MVP
                • 01-12-06
                • 1570

                #8
                Re load with a smaller amount. And dont think of the amount of money. think about the percentage of the return. I look at all gambling buy ins like a stock purchase. And I cash out when the time is right without bottoming out hopefully. IF yuo can get a 300% return like you did, you should have opted out.

                anyone in the market would love a 30% return on their investmens.
                Comment
                • idontlikerocks
                  SBR Wise Guy
                  • 10-09-07
                  • 571

                  #9
                  put some money back in somewhere and just bet your instincts. check the injury reports so you know your line is good. play for fun, don't ever bet more money on a game because you lost the previous game. keep an eye on the cappers here and figure out who knows what they are doing and try not to go against them. only deposit what you are willing to lose but don't be negative about your chances. contrary to what some have written above, there are many here who do win in the long run. enjoy it as a hobby not a cash cow.
                  Comment
                  • HAPPY BOY
                    SBR Hall of Famer
                    • 08-10-05
                    • 7109

                    #10
                    here is my two cents. I am one of the older guys on this forum. I only mention this cause of life experience. I don't gamble for fun. I do it to make money (anyone that says they gamble for fun is insane) I usually win at the end of the season. The last five years Ive had 1 loosing season. Now, how do I do this.
                    1. I send usually 2k (this is split between 2 top rated books) in other words 1k to book a and 1k to book b.
                    2. Take advantage of your bonus. By that I mean use it on a + ml or a parlay. If u hit it immediately increases your bankroll.
                    3. It's a long fvcking season. Don't shoot your load in September. This shiit goes till February (unless u gamble all year round) I don't.
                    4. Do some homework. This forum if full of good insight.
                    5. Play a few games u feel strong about. Dont bet every game on TV.
                    6. AVOID THE CASINOS ON THE BOOKS WEBSITE. most books will disable them if you ask, I did.
                    7. It's OK to lose. Its not the the end of the world if u had a bad weekend.
                    8. My wagers range from 50.00 to 200.00 they usually run around 100.00. You can also use units (1% bankroll = 1 unit) For that you need a rather large Bankroll. I'm a seasonal player and if my Bankroll is 2k than a 1 unit play would be 20.00. Id be here till fvcking June to make some decent money.
                    9. and last, when u get ahead take back money. Use the with drawl if your 2k bankroll goes to say 4k take out 1k. After all u did plan on winning right.
                    10. and with me, after football take a nice break. This shiit will eat your brain if u hang around it too long. I enjoy the summer and look forward to a new season in the fall.

                    sorry for the long write up I hope this was of help. Trust me if u follow it u too can stay ahead of the curve. Good Luck
                    Comment
                    • rmcaj
                      SBR Sharp
                      • 03-12-07
                      • 421

                      #11
                      Hey man I completely understand your story as I have been in the same neck of the woods. I once also used Wayne and paid for his higher service. Basically he is full of shit and its crap. I would say put 1k back in and just bet the games yourself. At least you won't have the feeling of not knowing if you can make some money on the side betting your own recreational picks. I mean you don't even need to invest in as much as a Grand. Go 500 in for yourself. I mean I don't know what type of player you are or how much you like to put on a game, but play yourself and see what happens. If it doesn't mean to much for you finacially give this another go.
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388179

                        #12
                        Just bet small Son and enjoy the games and when you lose it will not do damage. No one wins betting sports.
                        Comment
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