Let me be an example of bad money management

[Trampled Underfoot]

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.

Cry me a river. I suggest you read some of these posts or its going to be a long season for you.

 

[Woodson]

Cry me a river. I suggest you read some of these posts or its going to be a long season for you.

Thanks big fella.

 

[Jaxx]

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.

Exactly! Only bet what you can lose because in the long run you probably will.
Get it back on the flip side Woody!

GL

 

[homedog]

99% of all gamblers don't know enough to do anything other than flat bet. That doesn't mean you will win, but it will give you a better chance of winning.

You will see all over the forums that you should bet more on the plays that have a better chance of winning. That is great but the vast majority don't have the knowledge to make that decision. I know that hurts most of your little hearts but that is the truth.

Don't ever think you know more than the books. If you can swallow that, you might just make some money.

 

[BobbyBlueChip]

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.

Woody - You have to run a contest or give him something to get anything out him. . . .and the truth is he's learning too. You can tell he's trying to learn because he tries to talk the lingo, but then shows that he's just too proud to admit that he just doesn't understand the concepts. Just two of his gems that are just . . . .wrong

"You guys need around 500 games to have a valid sample size."

"You can't make money by fading"

I think you had too much money out at one time. That's why it's tough to tail multiple people and if the goal is trying to make money, there's better places to have your money than gambling on sports.

 

[Trampled Underfoot]

"You guys need around 500 games to have a valid sample size."

"You can't make money by fading"

Well the sample size is an estimate depending on multiple factors but if you dispute the fading statement you shouldn't be wagering.

I took my lumps like everyone else did during their first few years. It's what you learn from those lessons that really matters.

 

[IX_Bender]

I took my lumps like everyone else did during their first few years. It's what you learn from those lessons that really matters.

This.

If you didnt 'go bust' a few times in your gambling past then you really cant move forward. Similar to riding a motorcycle where its hard to fully appreciate the vehicle until youve crashed/wrecked. Everyone has a bad day, or a bad weekend. Its being able to get up and dust yourself off thats the difference. Understanding what went wrong and trying to correct that so it doesnt happen again. You also have to be able to stomach the bad losses as anything can happen in a single game despite solid handicapping and being on the 'right side' of a loser.

This ain't no game, flash. Real guns, real bullets. It's dangerous.