Let me be an example of bad money management

[Woodson]

For the betterment of the forum... this is why even 4% and 5% wagers are terrible for you.


Wager Type: Money Line
Wager Status: Loss
Risk / To Win Amount: 350.00 / 200.00 (USD) Accepted 9/13/2011 11:42 AM - EST
Lost: 350.00

Sport / Period: Champions Soccer / Game
Selection:
Valencia CF (SPA) 9/13/2011 2:45:01 PM - (EST)
-175

Wager Type: Spread (or run line)
Wager Status: Loss
Risk / To Win Amount: 160.00 / 100.00 (USD) Accepted 9/13/2011 11:43 AM - EST
Lost: 160.00

Sport / Period: Champions Soccer / Game
Selection:
FC Barcelona (SPA) 9/13/2011 2:45:01 PM - (EST)
-1? -160


Wager Type: Parlay (2 team)
Wager Status: Loss
Risk / To Win Amount: 200.00 / 209.26 (USD) Accepted 9/13/2011 5:16 PM - EST
Lost: 200.00


Item #1
Wager Type: Money Line
Outcome: Pending
Sport / Period: MLB Baseball / Game
Selection:
Milwaukee Brewers 9/13/2011 8:10:01 PM - (EST)
-240
Pitchers: E ROGERS-R - Must Pitch Z GREINKE-R - Must Pitch

Item #2
Wager Type: Money Line
Outcome: Loss
Sport / Period: MLB Baseball / Game
Selection:
Tampa Bay Devil Rays 9/13/2011 7:05:01 PM - (EST)
-225
Pitchers: D PRICE-L - Must Pitch A SIMON-R - Must Pitch

92751360-1 9/13/2011 5:15 PM Spread 595.00 500.00 Baseball - 962 Milwaukee Brewers -1? -119 for Game
92751360-2 9/13/2011 5:15 PM Team Total 600.00 500.00 Baseball - 962 Milwaukee Brewers team total over 4? -120 for Game
92752172-1 9/13/2011 6:09 PM Money Line 572.00 400.00 Baseball - 963 Arizona Diamondbacks -143 for Game
92752172-2 9/13/2011 6:09 PM Money Line 300.00 369.00 Baseball - 975 Minnesota Twins +123 for Game

 

[PaSprint]

Everyone has a bad night Woody... regroup.
Saturday is only 5 days away.

 

[Woodson]

I took $10k for this season to MAKE money. I don't have it guys EDIT to think it's not a big deal. This isn't me talking up my plays.

This is me saying one night can screw your whole year on what should be +22.5% in football.

Honestly.

 

[Woodson]

Everyone has a bad night Woody... regroup.
Saturday is only 5 days away.

Thanks... you should see my portfolio. :facepalm:

 

[hedgehog]

get em tomorrow Woody

 

[Woodson]

Done for the week.


HERE ARE MY REMAINING FADES:

92683131-1 9/11/2011 7:49 PM Teaser 600.00 500.00 Football - 101 LSU +7 for Game
Football - 131 Wisconsin -6? for Game
Football - 479 New England Patriots +3 for Game
92685306-1 9/11/2011 8:12 PM Spread 600.00 500.00 Football - 109 Auburn +4 -120 buying ? for Game
92686894-1 9/11/2011 8:44 PM Spread 575.00 500.00 Football - 101 LSU -3 -115 for Game
92708850-1 9/12/2011 3:28 PM Spread 700.00 500.00 Football - 134 Minnesota U -3 -140 buying ? for Game


I'll see you guys next week.

Even doing it right you risk losing.

Cheers fellas. Life is still good.


Somebody learn a lesson (JEDI)

 

[Trampled Underfoot]

Just one thing I would like to add. I think anything over 2% is pushing it. But that 2% is the risk amount. It's not betting 4% to win 2% on a -200 favorite. Seriously, you need to be that conservative if you really want to win. Otherwise the streaks will just wipe you out.

 

[dunclock]

woulda had a winning week without the Utah reversal hose :facepalm:

get em this week bud :0074

 

[BUCSnotYUCKS]

i learned i played way to many fucking games, even if they looked good to me.

going to dibble and dabble and only play the games that really stick out and i like a lot...if that's 1 game, then so be it.

 

[Hashish]

Woody, I am limiting myself to my 3 best plays of the day. That forces selectivity and limits a horrible day to a loss of 15%.

 

[yyz]

Quite simply, you can't lay that kind of lumber, and win. Certainly, you know this?

-200 games are a death run for most guys over the course of time. Buying points, too. It looks great when Scotlanta hits a few of those when he lays a shit-ton of cash to win a penny, but the losses squeeze the bank.

Good luck to you, if it doesn't make you nuts.

 

[saint]

plain and simple... an extremely small % of people are going to make money gambling on sports and a very small % of that small % reside at MJs. The sooner this is realized the better. If it's for entertainment and people have the spare cash go for it. If the money is better spent or needed elsewhere gambling should cease.

Not trying to preach, just my 2c and why i all but stopped wagering on sports.

 

[Woodson]

Hey, I'm just using myself as an example.

#1. Discipline is key.
#2. Money Management is difficult.
#3. I have to learn to stomach the ups and downs.

Excellent points. I am still above my starting bank roll and learned a couple things on the way.

 

[Trampled Underfoot]

Hey, I'm just using myself as an example.

#1. Discipline is key.
#2. Money Management is difficult.
#3. I have to learn to stomach the ups and downs.

Excellent points. I am still above my starting bank roll and learned a couple things on the way.

Another important thing is to learn to not have to bet. Take a few weeks and not bet on anything. If you can't make it, you have a problem.

 

[Trampled Underfoot]

Buying points, too. It looks great when Scotlanta hits a few of those when he lays a shit-ton of cash to win a penny, but the losses squeeze the bank.

Good luck to you, if it doesn't make you nuts.

Buying points is one thing that fucking makes me nuts when I see it on here. I haven't made one post about it this year as people just aren't here to learn. There are very few times when you should buy points and yet we have fools who do it every fucking chance they get. I wish I could book their action.

 

[Woodson]

Another important thing is to learn to not have to bet. Take a few weeks and not bet on anything. If you can't make it, you have a problem.

Let's assume no one has a problem and keep it to properly managing your bankroll for the sake of fun.

Excellent point though.

 

[Woodson]

Buying points is one thing that fucking makes me nuts when I see it on here. I haven't made one post about it this year as people just aren't here to learn. There are very few times when you should buy points and yet we have fools who do it every fucking chance they get. I wish I could book their action.

What are some weaknesses that you struggle with from time to time?

I see a lot of hen pecking but not a lot of discussion from experience.

Take the time and tell us. Could really be a huge value.

Thanks TU.

 

[Trampled Underfoot]

What are some weaknesses that you struggle with from time to time?

I see a lot of hen pecking but not a lot of discussion from experience.

Take the time and tell us. Could really be a huge value.

Thanks TU.

A weakness I have is attacking squares when I make points they should listen to but don't understand because they are squares. I'm working on it for this year though.

Everyone should stop buying points except on/off 3 for 20 cents or less. What really makes me shake my head is when people buy points on totals and in basketball.

 

[Woodson]

A weakness I have is attacking squares when I make points they should listen to but don't understand because they are squares. I'm working on it for this year though.

Everyone should stop buying points except on/off 3 for 20 cents or less. What really makes me shake my head is when people buy points on totals and in basketball.

Great. Thanks for stopping in TU. This was a great opportunity to share something and you chose to go a different route.

I'll get back to you at basketball season.

Thanks again.

 

[Sportsaholic]

Great. Thanks for stopping in TU. This was a great opportunity to share something and you chose to go a different route.

I'll get back to you at basketball season.

Thanks again.

WNBA :shrug: