Betting on own vs using forums (like sbr)

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  • DroidHAM
    SBR Sharp
    • 02-15-11
    • 321

    #1
    Betting on own vs using forums (like sbr)
    Ok, strange thing happened this week. Let me give you some background info.

    I started sports betting about 6 months ago. I did it all through a friend who was putting my bets in online. I lost a few thousand quickly and he stopped putting my bets in because he couldnt afford my losses. I went down to -10,000, most of which he ate the bets himself rather than put them in online. I had paid him about $3500 cash throughout the losses, so he had money to cover some of them, the rest was in "hypothetical money"

    One day I started betting soccer and started killing it. In about 3 weeks I had the -10,000 back to 0. Again, he had put in alot of my lossses, thus losing the $$. He didnt put in any of my winnings, so they were all out of his pocket. About a month later and now im up $13,000 on him.

    This is a good friend, who does bets for a few other people and generally is up on them. He has paid me about $1000 so far, but you can imagine its awkward. I would be more willing to let some of the debt slide if I hadnt paid him $3500 cash when I was down.

    Anyways, once I got to this point I cut off my bets with him and went out on my own. I bought into a few books and quickly lost a few thousand. The biggest difference I noticed was when I had a huge balance with him I could chase losses, whereas now my $500 buyins were allowing me the flexibility I had with him.

    I should point out that when I was betting through him and winning, I was doing minimal research. I would look at the lines, look at records, and make the picks. I would watch the games myself and bet 2nd halfs based on what I saw. This worked great.

    When I went out on my own, I started doing more research. I started coming here and reading peoples picks. Brief summary, I dropped like 3 week in 2-3 weeks.

    I swore I was done for awhile, but this weekend I decided to buy into 2betdsi for $265. I stayed off all the forums this weekend, and just made my bets with minimal research/gut instincts. 1st day my balance ended up at 755, last night I ended up at $2600. so in 2 days I almost 10x my buyin.

    The moral of the story? I have no idea. I just think its odd that the less research/talking about bets with people I do, the better my results.

    Anyone else notice anything like this?
  • milwaukee mike
    BARRELED IN @ SBR!
    • 08-22-07
    • 27271

    #2
    trust your gut, watch pretty much every game you can for the conferences/teams you're going to focus on.

    if you consistently lose, give it up or become a bonus whore.

    or wait until milwaukee mike gives out a pick, it almost always wins
    Comment
    • G's pks
      Restricted User
      • 01-01-09
      • 22251

      #3
      Your writing is painfully long like Shari...but I did read it...

      You are simply going thru hot and cold streaks...there are several good cappers and info here on this site... Also remember you can also fade some of the worst ones...and make easy dollars...in the end the decision is yours...welcome aboard and call JJ...
      Comment
      • DroidHAM
        SBR Sharp
        • 02-15-11
        • 321

        #4
        lol, sorry =D
        Comment
        • big0mar
          SBR MVP
          • 01-09-09
          • 3374

          #5
          Its clear to me that you'll eventually be broke, so it really doesn't matter what you do.
          [B][B]They key isn't getting rich quick. The key is getting rich slowly, and enjoying it.

          [/B][/B][SIZE=1][URL="http://forum.sbrforum.com/sbr-points/490161-points-available-loan.html#post4633361"][/URL][/SIZE]
          Comment
          • DroidHAM
            SBR Sharp
            • 02-15-11
            • 321

            #6
            Originally posted by big0mar
            Its clear to me that you'll eventually be broke, so it really doesn't matter what you do.
            Thx boss!
            Comment
            • DroidHAM
              SBR Sharp
              • 02-15-11
              • 321

              #7
              And why does everyone mention JJ when I say anything about 2betdsi?
              Comment
              • 30K Millionaire
                SBR MVP
                • 08-10-10
                • 2003

                #8
                Chasing your losses is not the way to go. Now that you built up your bankroll just bet 3% each bet and you should be fine. Just my 2 cents
                Comment
                • BIGDAY
                  SBR Aristocracy
                  • 02-17-10
                  • 48247

                  #9
                  Originally posted by milwaukee mike
                  trust your gut, watch pretty much every game you can for the conferences/teams you're going to focus on.

                  if you consistently lose, give it up or become a bonus whore.

                  or wait until milwaukee mike gives out a pick, it almost always wins
                  Agreed! Just pound Mike's posted plays.
                  Comment
                  • RudyRuetigger
                    SBR Aristocracy
                    • 08-24-10
                    • 65107

                    #10
                    i was going to go sentence by sentence and point out the stuff that is bad, but in reality the whole thing is bad. as someone else already said, you will end up broke if you don't change things
                    Comment
                    • DroidHAM
                      SBR Sharp
                      • 02-15-11
                      • 321

                      #11
                      lol ok ok guys
                      Comment
                      • LLXC
                        SBR Hall of Famer
                        • 12-10-06
                        • 8972

                        #12
                        You made "chasing losses" sound like it's a good thing - it's not - you will doom yourself.
                        Comment
                        • DroidHAM
                          SBR Sharp
                          • 02-15-11
                          • 321

                          #13
                          When I say chasing losses, apparently I need to rephrase it as im kind of new to the betting lingo.

                          I meant more along the lines of hedging losses with 2nd half bets, there are alot of times where a team I have -10 clearly isnt going to cover and I can hedge the 2nd half with only a 1-2 point window I could lose both bets. This is what I meant, and thats what I was unable to do with a smaller bankroll.
                          Comment
                          • big0mar
                            SBR MVP
                            • 01-09-09
                            • 3374

                            #14
                            Originally posted by DroidHAM
                            When I say chasing losses, apparently I need to rephrase it as im kind of new to the betting lingo.

                            I meant more along the lines of hedging losses with 2nd half bets, there are alot of times where a team I have -10 clearly isnt going to cover and I can hedge the 2nd half with only a 1-2 point window I could lose both bets. This is what I meant, and thats what I was unable to do with a smaller bankroll.
                            Either way, if you're experiencing 10x increases in your bankroll within a day, you're doomed.
                            [B][B]They key isn't getting rich quick. The key is getting rich slowly, and enjoying it.

                            [/B][/B][SIZE=1][URL="http://forum.sbrforum.com/sbr-points/490161-points-available-loan.html#post4633361"][/URL][/SIZE]
                            Comment
                            • RudyRuetigger
                              SBR Aristocracy
                              • 08-24-10
                              • 65107

                              #15
                              it was more than just chasing. you have horrible bankroll management. when you hit that streak that you say "omg wtf this never happens to anyone" you'll know what I'm talking about.

                              Originally posted by DroidHAM
                              When I say chasing losses, apparently I need to rephrase it as im kind of new to the betting lingo.

                              I meant more along the lines of hedging losses with 2nd half bets, there are alot of times where a team I have -10 clearly isnt going to cover and I can hedge the 2nd half with only a 1-2 point window I could lose both bets. This is what I meant, and thats what I was unable to do with a smaller bankroll.
                              and this is a bad idea as well. every bet you make should be independent of any prior bet you make except for very certain circumstances. following a -EV bet up with another 1 isn't a good idea. if you happen to "know" your team won't cover at half and can easily make money on the 2h play, then obviously you should only be playing the 2h in these scenarios.
                              Comment
                              • VEGASHARK
                                SBR Rookie
                                • 08-27-10
                                • 14

                                #16
                                Its weird...Whenever i post my picks on a forum it losses about 80% of the time...
                                Comment
                                • jjgold
                                  SBR Aristocracy
                                  • 07-20-05
                                  • 388208

                                  #17
                                  Never bet with friends, posters, etc

                                  Bet legally in Vegas or offshore books
                                  Comment
                                  • G's pks
                                    Restricted User
                                    • 01-01-09
                                    • 22251

                                    #18
                                    Originally posted by jjgold
                                    Droidham call me

                                    Told you...
                                    Comment
                                    • PLAYA-PLAYA
                                      SBR Sharp
                                      • 09-11-10
                                      • 356

                                      #19
                                      CAPPING----IS TOUGH AT BEST-----IF AND WHEN----YOUR GUT TELLS YOU TO BET A CERTAIN TEAM ----BET IT-----IF YOUR GUT TELLS YOU TO BET TOO MUCH AND TOO OFTEN------GO TO THE BATHROOM----It IS GAS----CAPPING IS A MARATHON---NOT A SPRINT----BEST OF LUCK TO ALL
                                      Comment
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