Ever lose 7 Unders In A Row What Are the odds?

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  • atofsu32111
    SBR MVP
    • 02-18-08
    • 2801

    #1
    Ever lose 7 Unders In A Row What Are the odds?
    Down 1500 today lost 3/4 of my bankroll

    Inter
    Lorient
    Debrecen - Goal in final minutes
    AEK Larnaca - Never went over in any of there career matchups
    Greuther Furth
    Chievo - Final minute goal
    AC Milan
  • Vaughany
    SBR Aristocracy
    • 03-07-10
    • 45563

    #2
    Well betting on the under in an Inter game wasnt the best choice especially when they are away from home and averaging 2 goals per game just by themselves! Bad luck on the others tho
    Comment
    • indio
      SBR Wise Guy
      • 06-03-11
      • 751

      #3
      Originally posted by atofsu32111
      Down 1500 today lost 3/4 of my bankroll

      Inter
      Lorient
      Debrecen - Goal in final minutes
      AEK Larnaca - Never went over in any of there career matchups
      Greuther Furth
      Chievo - Final minute goal
      AC Milan
      Not to be mean, but when you risk 10% of your bankroll on each play, you're destined to go broke. As far as the odds of going 0 for 7, well that depends on the odds of each play, which is impossible to know positively, but you can use market price as a guide. Since I don't have that info, I'll use 50% chance per play as a default, which would obviously be 127-1 odds. Slightly better chances of this occurring than rolling back to back 11's on dice throws (which I'm sure you've done a few times).

      Before PokerStars left United States, I had a 58% win rate in Heads-Up Sit and Go's (thats 1 player vs. 1 player) poker with over 10,000 games. Now, even with a documented and tested 58% win rate, I would NEVER risk more than 2.5% of my bankroll on any one match. I learned about variance the hard way, and then I decided to study variance math deeply. It's doubtful you have that size of an edge against sportsbook market lines, so for you to bet more than 2.5% of a bankroll is ridiculous. 10% (which is what you're doing according to the info you shared) is suicidal.

      Here's some interesting math for you. Let's say you play 250 50/50 bets for the year. The chances of you having at least one 7 game losing streak is 63%. Let's pretend every bet you have has a 5% edge and your plays have a 55/45 chance of winning. Your chances of having at least one 7 game losing streak during 250 plays is still 40%.

      Golden rule, always be prepared for a bad run, if you're not bankrolled properly, or mentally prepared for it, you will go bust, and even worse, you might lose your mind.
      Comment
      • atofsu32111
        SBR MVP
        • 02-18-08
        • 2801

        #4
        Adding 2 more losing plays
        Unders

        Bahia
        DC United

        Is this a cruel joke? This wont hit me till tomm
        Comment
        • swordsandtequila
          SBR Hall of Famer
          • 02-23-12
          • 9757

          #5
          Betting unders will make you suicidal. I know mathematically it's no different than betting overs, there's just something about watching a game and hoping nothing happens. Good or bad, teams have breakdowns, give up penalty kicks, etc. More fun picking overs, imo. As Indio said, variance is a bitch. Sorry for your bad run, stick to it and try not to chase. Only makes it worse.
          Comment
          • clting08
            SBR MVP
            • 05-27-12
            • 1259

            #6
            Live Over more than Unders. Hit a parlay on overs Saturday..

            7 2818448467
            MIX PARLAY
            11/10/2012
            08:45:37 AM
            Over 2.75 @1.78
            Football / Over/Under
            ADO Den Haag -vs- AZ Alkmaar
            HOLLAND EREDIVISIE @ 11/10/2012
            HT 1 : 1 / FT 2 : 2

            Over 3 @1.82
            Football / Over/Under
            NEC Nijmegen -vs- Heracles Almelo
            HOLLAND EREDIVISIE @ 11/10/2012
            HT 1 : 0 / FT 3 : 2

            Over 2.75 @1.86
            Football / Over/Under
            VVV-Venlo -vs- Willem II
            HOLLAND EREDIVISIE @ 11/10/2012
            HT 1 : 0 / FT 4 : 1

            Over 2.5 @1.86
            Football / Over/Under
            RKC Waalwijk -vs- FC Utrecht
            HOLLAND EREDIVISIE @ 11/10/2012
            HT 1 : 0 / FT 4 : 0

            Over 2.5 @1.94
            Football / Over/Under
            Crotone -vs- Empoli
            ITALY SERIE B @ 11/10/2012
            HT 1 : 1 / FT 3 : 2

            Over 2.5 @1.89
            Football / Over/Under
            Pachuca -vs- Jaguares de Chiapas
            Mexico Primera Division @ 11/10/2012
            HT 1 : 0 / FT 2 : 1
            41.094
            E
            500.00
            500.00
            20,004.71
            0.00
            Won
            Comment
            • Nova99
              SBR Sharp
              • 01-31-12
              • 428

              #7
              sorry to hear about the bad run, i have gone 3-13 once but i bet small that day and didnt get crushed. hope you can turn it around in the future!
              Comment
              • pellumb341
                SBR MVP
                • 11-25-11
                • 1183

                #8
                buddy the best choice is to fade yourself ,if you think it will go under ,then bet over ...most of us do this when we are having a bad streak
                Comment
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