Please everyone, utilize money management...

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  • diogee
    SBR Posting Legend
    • 01-11-08
    • 19477

    #36
    Originally posted by imgv94
    I sure wish I would of listened to those who tried to instill MM into me. I'd be a lot better off now.
    Tell me about it...I had 0 MM wagering on credit and on top of that I did not have a phucking clue what I was doing....I would just randomly pick games.
    Comment
    • HAPPY BOY
      SBR Hall of Famer
      • 08-10-05
      • 7109

      #37
      Hey man live and learn. If we all took and listened to good advice when given we'd avoid a lot of lifes pot holes.
      Comment
      • diogee
        SBR Posting Legend
        • 01-11-08
        • 19477

        #38
        True that Happy Boy...we just keep moving forward and do our best to punish the book. Pot holes make life interesting anyways
        Comment
        • WestsidePete
          SBR Hall of Famer
          • 07-19-07
          • 8049

          #39
          I remember one prop bet was the over/under on how many times samuel l jackson said "motherf*cking snakes on a plane" it was like 14...I saw this and called people in the business I knew if anyone had an advanced copy...the bet paid -110 up to $500...no one I knew had one...
          Comment
          • buztah
            SBR Hall of Famer
            • 03-23-07
            • 7470

            #40
            Originally posted by buztah
            Se Hyuk Joo is offering some serious value in the Kuwait Open today. Lin Ma is overvalued. WSP, you on this?
            Petey, you pull the trigger on this or not? I'm thinking of adding Joo to my big balls parlay. At +900 it would substantially increase the payout.
            Comment
            • imgv94
              SBR Posting Legend
              • 11-16-05
              • 17192

              #41
              Originally posted by diogee
              Tell me about it...I had 0 MM wagering on credit and on top of that I did not have a phucking clue what I was doing....I would just randomly pick games.
              Tell me about it.. I had a fukkin sickness to where I wanted to make back the money I lost right away. Was betting good money on bullShit, like Hockey or a game I didnt know much about.. Chasing like a muddaphucker

              When you have that sickness it gets to the point to where you "WANT TO LOSE"..
              Comment
              • HAPPY BOY
                SBR Hall of Famer
                • 08-10-05
                • 7109

                #42
                Originally posted by WestsidePete
                I remember one prop bet was the over/under on how many times samuel l jackson said "motherf*cking snakes on a plane" it was like 14...I saw this and called people in the business I knew if anyone had an advanced copy...the bet paid -110 up to $500...no one I knew had one...
                Hell SBr can have a prop bet also . How many times will JJ say Fvck, cocksucker or Pal in a video. O/U 145 -110
                Comment
                • diogee
                  SBR Posting Legend
                  • 01-11-08
                  • 19477

                  #43
                  Originally posted by WestsidePete
                  I remember one prop bet was the over/under on how many times samuel l jackson said "motherf*cking snakes on a plane" it was like 14...I saw this and called people in the business I knew if anyone had an advanced copy...the bet paid -110 up to $500...no one I knew had one...
                  That could have been some easy cash.
                  Comment
                  • buztah
                    SBR Hall of Famer
                    • 03-23-07
                    • 7470

                    #44
                    Porvoon Tarmo -5 1/2 is a cannot lose lock! get on this boyz before the steam pushes it to -6.
                    Comment
                    • BigOrangeTitans
                      SBR MVP
                      • 11-23-07
                      • 4504

                      #45
                      Your an idiot Buzzy.
                      Comment
                      • buztah
                        SBR Hall of Famer
                        • 03-23-07
                        • 7470

                        #46
                        BOT, don't tell me you took the sucker bet of Joensunn Kataja +5 1/2, pal. I know you didn't fall for that trap! Come on!
                        Comment
                        • diogee
                          SBR Posting Legend
                          • 01-11-08
                          • 19477

                          #47
                          Originally posted by imgv94
                          Tell me about it.. I had a fukkin sickness to where I wanted to make back the money I lost right away. Was betting good money on bullShit, like Hockey or a game I didnt know much about.. Chasing like a muddaphucker

                          When you have that sickness it gets to the point to where you "WANT TO LOSE"..
                          Exactly how it went...then I got a clue on what the **** I was doing and started clobbering my bookie on football and a little bit of basketball before he told me to f*ck off in January
                          Comment
                          • diogee
                            SBR Posting Legend
                            • 01-11-08
                            • 19477

                            #48
                            Buzzy I don't know who either of those phucks are but I'll take the points
                            Comment
                            • buztah
                              SBR Hall of Famer
                              • 03-23-07
                              • 7470

                              #49
                              Diogee, phuck that! Kataja will NOT out rebound Tarmo!
                              Comment
                              • diogee
                                SBR Posting Legend
                                • 01-11-08
                                • 19477

                                #50
                                Not so sure on that one Buzzy...very close. Kataja is the Shiznit?
                                Comment
                                • BigOrangeTitans
                                  SBR MVP
                                  • 11-23-07
                                  • 4504

                                  #51
                                  Joensunn Kataja +5 1/2 is a sharp fukkin play, the fix is in bud.
                                  Comment
                                  • buztah
                                    SBR Hall of Famer
                                    • 03-23-07
                                    • 7470

                                    #52
                                    PHUCK Kataja! If you gave them Onwondo Paneli they'd still phucken lose! The club is jinxed, pal!
                                    Comment
                                    • BigOrangeTitans
                                      SBR MVP
                                      • 11-23-07
                                      • 4504

                                      #53
                                      If you give me Paneli, I'd give ya my 5.5 back, who needs it with phucken Paneli? lock of the phucken year
                                      Comment
                                      • buztah
                                        SBR Hall of Famer
                                        • 03-23-07
                                        • 7470

                                        #54
                                        Originally posted by BigOrangeTitans
                                        If you give me Paneli, I'd give ya my 5.5 back, who needs it with phucken Paneli? lock of the phucken year
                                        Your phucken money, pal!
                                        Comment
                                        • BigOrangeTitans
                                          SBR MVP
                                          • 11-23-07
                                          • 4504

                                          #55
                                          This ones in the bag, im goin to fukk paneli's broad now. Have fun with a losin fukkin ticket pal, I'll take a picture for ya at the window.
                                          Comment
                                          • WestsidePete
                                            SBR Hall of Famer
                                            • 07-19-07
                                            • 8049

                                            #56
                                            ...movie premiers...any of you bet the gross of a movie opening weekend??
                                            Comment
                                            • Doc JS
                                              SBR Hall of Famer
                                              • 09-15-06
                                              • 6885

                                              #57
                                              Originally posted by imgv94
                                              I sure wish I would of listened to those who tried to instill MM into me. I'd be a lot better off now.
                                              Gabe,

                                              Don't be too hard on yourself, my friend.

                                              It has been my experience that it is the rare individual who has the ability to learn from other peoples mistakes. Most of us, through trial and error, eventually learn from our own mistakes. Sadly, some people never learn.

                                              Doc
                                              Comment
                                              • jjgold
                                                SBR Aristocracy
                                                • 07-20-05
                                                • 388179

                                                #58
                                                From what I have been reading here this winter many guys are taking shots and trying to get out therefore having bad money management skills.
                                                Comment
                                                • imgv94
                                                  SBR Posting Legend
                                                  • 11-16-05
                                                  • 17192

                                                  #59
                                                  Originally posted by Doc JS
                                                  Gabe,

                                                  Don't be too hard on yourself, my friend.

                                                  It has been my experience that it is the rare individual who has the ability to learn from other peoples mistakes. Most of us, through trial and error, eventually learn from our own mistakes. Sadly, some people never learn.

                                                  Doc
                                                  Thanks for your wisdom Doc.. Where have you been buddy? This forum needs u
                                                  Comment
                                                  • suzysuzy
                                                    SBR High Roller
                                                    • 04-05-07
                                                    • 181

                                                    #60
                                                    Originally posted by imgv94
                                                    Tell me about it.. I had a fukkin sickness to where I wanted to make back the money I lost right away. Was betting good money on bullShit, like Hockey or a game I didnt know much about.. Chasing like a muddaphucker

                                                    When you have that sickness it gets to the point to where you "WANT TO LOSE"..
                                                    maybe im not as sick of a sports bettor as i thought, cuz ive never WANTED TO LOSE.
                                                    Comment
                                                    • imgv94
                                                      SBR Posting Legend
                                                      • 11-16-05
                                                      • 17192

                                                      #61
                                                      Originally posted by suzysuzy
                                                      maybe im not as sick of a sports bettor as i thought, cuz ive never WANTED TO LOSE.
                                                      Good for you.. Good luck with your panhandling
                                                      Comment
                                                      • Ganchrow
                                                        SBR Hall of Famer
                                                        • 08-28-05
                                                        • 5011

                                                        #62
                                                        Relating to general money management, I had posted the following in the Think Tank:
                                                        Originally posted by Ganchrow
                                                        Originally posted by rake922
                                                        Ganch should I just bet the same amount on every play?

                                                        2.5% of my bankroll ?
                                                        That's going to heavily depend on the type of bettor you are.

                                                        For a professional (or serious hobbyist) advantage player who can succesfully locate, identify, verify, and exploit various edges I'd certainly recommend a strategy that optimizes an acceptable trade off between functional risk and return (à la Kelly).

                                                        For an advantage bettor unwilling (or unable) to quantify his or her edge I might recommend a simplified version of Kelly such that a player risks to uniformly win an equal percentage of bankroll on every wager (and so it follows that he would be risking more on favorites than on underdogs). The exact percentage would obviously to depend upon his tolerance for risk and his average expectation going forward.

                                                        For a recreational bettor, however, an "ideal" staking strategy is largely going to be a function of what that bettor enjoys the most. For example, if he's just looking to place the occasional wager to make a particular game more "interesting" then he can afford to risk more per bet than if he's going to be regularly betting 5 games a night.

                                                        An "action" bettor making many frequent bets is probably best served by avoiding money line favorites (the lower variance of which will make winning over a stretch of bets unlikely) and focusing on money line underdogs. Parlays/round-robins are another option for the "action" bettor but can be quite expensive in terms of vig. A rec bettor placing 5 $100 3-team parlays a week, for example can expect to lose his money a lot more quickly than a similar bettor placing 5 $100 straight bets a week.

                                                        In the end, however, probably the single more important concept for a recreational gambler to accept is that ultimately he's betting for fun and not for profit. Once he recognizes this fact, once he recognizes that (even though there will certainly be ups and downs) with each dollar he bets he expects on average to lose a few cents, and once he recognizes that in the long run sports betting is likely no more a source of profit than seeing a movie or going shopping or getting a massage or paying for anything else he enjoys ... well then the bet sizes will tend to set themselves.

                                                        How much should a recreational bettor risk per bet? I don't know ... how much should he pay for a new suit? How much should he pay for a steak? How much should he pay for his next vacation? It all depends on how much enjoyment he gets from each.

                                                        Don't bet more than you can afford to lose, and if it ever ceases to be enjoyable, just stop betting immediately. Don't bet to make money ... bet to have fun.
                                                        Comment
                                                        • suzysuzy
                                                          SBR High Roller
                                                          • 04-05-07
                                                          • 181

                                                          #63
                                                          Originally posted by imgv94
                                                          Good for you.. Good luck with your panhandling
                                                          dont need or want it anymore, thanks though.
                                                          Comment
                                                          • imgv94
                                                            SBR Posting Legend
                                                            • 11-16-05
                                                            • 17192

                                                            #64
                                                            sorry for bumping. but need to remind myself of this, very tempted to chase today.
                                                            Comment
                                                            • austintx05
                                                              SBR MVP
                                                              • 08-24-06
                                                              • 3156

                                                              #65
                                                              don't be sorry, lot of wisdom in here.

                                                              While many people pride themselves in the amount of sports knowledge and how they know what will happen...the truth is you beat the line long term through money management and reduced juice.

                                                              as we enter baseball, the biggest grind of them all, MM/patience needs to be reiterated.

                                                              Comment
                                                              • bettilimbroke999
                                                                SBR Posting Legend
                                                                • 02-04-08
                                                                • 13254

                                                                #66
                                                                I know it was bad MM but I put all 6k on the Grizzlies ML vs. the Lakers. I thought it was a lock and I was getting 12-1 so anyway, I won't do it again but what a high.
                                                                Comment
                                                                • diogee
                                                                  SBR Posting Legend
                                                                  • 01-11-08
                                                                  • 19477

                                                                  #67
                                                                  I am calling BullShit on that one Bettil Hope you came out ahead today.
                                                                  Comment
                                                                  • RescueMe
                                                                    SBR High Roller
                                                                    • 03-06-08
                                                                    • 249

                                                                    #68
                                                                    Discipline is probably most important part for me, learn the hard way as all of us! I'm not a big believer in any betting system (specially progressive) that brings you profit but what I like about that it keeps you on track even losing one.
                                                                    Comment
                                                                    • bettilimbroke999
                                                                      SBR Posting Legend
                                                                      • 02-04-08
                                                                      • 13254

                                                                      #69
                                                                      Originally posted by diogee
                                                                      I am calling BullShit on that one Bettil Hope you came out ahead today.
                                                                      What can I say every once in a while ya get that feelin and need to throw MM out the window
                                                                      Comment
                                                                      • stump
                                                                        SBR MVP
                                                                        • 09-14-05
                                                                        • 1717

                                                                        #70
                                                                        good reminder
                                                                        Comment
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