How do pro sportsbettors sleep at night....

randyrohm · Nov 17, 2003

with 6 figures spread over 20 books? I am down to 30K at 14 books. Two down in two weeks has to have everybody scratching their head. If I lose my $1156 at BM it is going to kill my bankroll just my risk tolerance. I know some only have 3 or 4 accounts at the premire outs, but they sacrifice in the line shopping arena. It is so hard to show a profit betting, then to have money taken, froze or whatever just kills you.
Has anyone ever looked into a secure clearing house to hold post up funds which you can wager against with participating books. When the wager is settled money goes to the winners account. A lot of details to be worked out and the clearing house would have to have impeccable credentials but I think it could work. It would also reduce the amount of money you would need to have offshore.

randyrohm · Nov 17, 2003

Should say NOT going to kill my bankroll

Fishhead · Nov 17, 2003

If your a professional gambler, losing your entire BR offshore should do little to upset your well-being in the full circle of things.

WildBill · Nov 17, 2003

Exactly, well said. Use the premier outs and Neteller for the bulk of your cash and then move a couple units only to the others that you shop with.

Raisencain · Nov 17, 2003

STRUT888/FISHHEAD,

are you serious with your last post? i only ask because i would think that a "professional" would have a pretty big chunk of change offshore. what makes you say that?

Fishhead · Nov 17, 2003

A professional only plays with a BR that he can afford to lose......as does any INTELLIGENT sports bettor.

Raisencain · Nov 17, 2003

<<A professional only plays with a BR that he can afford to lose......as does any INTELLIGENT sports bettor.>>

oh, ok. nice recovery fish......you made a pretty stupid post. good to see you back track, lol. im sure losing a five to six figure balance would have no effect on a professional.

red007 · Nov 17, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by STRUT888/FISHHEAD:
If your a professional gambler, losing your entire BR offshore should do little to upset your well-being in the full circle of things.<HR></BLOCKQUOTE>

Doesn't make sense to me either Raisencain.

krackman · Nov 17, 2003

I am also an idiot and don't understand what you are saying fish???

If I lose a penny to any of these books by them stealing my post up funds I go nuts! One single fvcking penny..

Jazz · Nov 17, 2003

One point not yet made: who said anything about a 'professional' in this topic? Randy certainly never said he was.

I am an "intelligent sports bettor", and I play with a bankroll I can afford to lose - however, I don't play with a bankroll I can afford to have THIEVES STEAL FROM ME.

castaway · Nov 17, 2003

Fish,

If a pro (especially scalpers like yourself) has his entire bankroll offshore so he can ...scalp and 2 books goes down you are calling the bettor stupid? A pros only tools are outs and cash. He may have plenty of credit outs but he his cash is tied up with post-up shops and he is an idiot. Go play so more Video Poker and chase a few more Pentelcostal broads across the US.

sickgambler · Nov 18, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by krackman:
If I lose a penny to any of these books by them stealing my post up funds I go nuts! One single fvcking penny..<HR></BLOCKQUOTE>

_________

KRACKMAN, YOU OF ALL PEOPLE SHOULD KNOW THIS. IN THIS BUSINESS THAT WE ARE IN, OR EVEN ANY TYPE OF BUSINESS, YOU HAVE YOUR BAD DEBTS OR WRITE OFFS. WE ALL KNOW THAT GETTING STIFFED WILL BE A MAJOR PART OF THIS GAMBLING LIFE OF OURS. IT IS PART OF THE BUSINESS.. WE HAVE TO ACCEPT IT WITH WHAT WE DO.. IF YOU CAN COLLECT 90-95 CENTS ON THE DOLLAR OWED, THEN YOU CAN SAY IT WAS A SUCCESSFUL YEAR. YOU JUST HAVE TO HAVE BAD DEBTS. IT'S IMPOSSIBLE NOT TO GET THEM. JUST LIKE SOME BUSINESSES' ROOF CAVES IN AND HAVE TO SPEND 8K TO FIX, OR A COUPLE OF BUSINESS DEALS GO BUST AND YOU LOSE MONEY IN YOUR COMPANY. EVERY BOOKMAKER ALWAYS HAS BAD DEBTS TOO. PLAYERS ALSO STIFF THEIR LOCALS. IT'S JUST BOUND TO HAPPEN WHEN YOU HAVE 34 BOOKS OUT THERE ALL YEAR LONG WITH MONEY FLOWING THAT YOU WILL EVENTUALLY HAVE A BOOK STIFF YOU, OR 2 OR 3 BOOKS. IT HAS TO HAPPEN. IT'S A NUMBERS GAME AND WITH ALL THOSE BOOKS, THE LAW OF AVERAGES SAY THAT YOU WILL GET STIFFED BY ONE EVENTUALLY. JUST LIKE IF YOU PLAY A 6 TEAMER, YOU PROBABLY WILL LOSE IT, BUT THE MORE YOU KEEP PLAYING, EVENTUALLY YOU WILL WIN ONE. BEING IN THIS BIZ WITH ALL THE MONEY OUT THERE, YOU ARE JUST BOUND TO GET STIFFED.

YOU SHOULD BE AIMING AT 90 CENTS ON THE DOLLAR COLLECTED.. AND IF YOU GET THAT, YOU SHOULD TAKE IT AND BE HAPPY. I ALWAYS GIVE MYSELF A 10% BAD DEBT EXPENSE EVERY YEAR, AND I ALWAYS COME CLOSE TO THAT, AS I ALWAYS HAVE STIFFS EVERY YEAR. I EXPECT TO GET STIFFED, AND LIKE I SAID, BEING IN THIS HIGH RISK BUSINESS, I HAVE ACCEPTED IT. IT'S PART OF THE GAME. I JUST MAKE SURE I LEAVE OUT THERE WHAT I CAN AFFORD TO LOSE. I AM NOT CRAZY ENOUGH TO LEAVE ALL MY FUNDS OUT THERE CAUSE YOU JUST NEVER KNOW. I AM NOT GOING TO STARVE ON ACCT OF BOOKS GOING BROKE.

jam · Nov 18, 2003

Pro sports bettors sleep days... and don't use turd books like the two that just went down.

Fishhead · Nov 18, 2003

I seriously hope all of you could survive if you lost EVERY DIME you had offshore CURRENTLY. If you cant, your not being very savvy whatsoever.

When I mentioned ENTIRE BR, I meant entire bankroll OFFSHORE. Perhaps this is where some of you misunderstood me. One should have only a percentage of their BR invested offshore. Speaking personally, I have less than 2% of my entire BR offshore, but it still enables me to make enough profit with OFFSHORE sportsbooks that I am pleased with PERSONALLY. Obviously, EVERY individual is different and obviously I am probably more conservative than most indiviuals in this business. Also, when I am speaking of BR in my case, I am talking of BR funds I use for other investments besides gambling also.

PatrickMcIrish · Nov 18, 2003

I agree with Fish. I have a small % of my bankroll off-shore. That's not saying I would easily accept losing any of it but the reality is yes it could happen. Expect the worse. No if I lost every quarter in off-shore it would not put me out of action, not even close. Even with stuff off-shore I try and not keep more than about 8% (total off-shore $$, not total BR) in any one out. The big boys I may go higher but try not to get heavy anywhere. Never put yourself in a position to lose big pieces of your roll. I am probably on the conservative side but losing it a few times when I was younger taught me to err on the side of safety. I need it to earn, I do other things to earn besides betting off-shore. Mod job for one.

I also have a set amount I expect to lose over the course of a year. I just call it all expenses. Be it laydowns, computers, bail money, equipment upgrades, book scammers etc....

PatrickMcIrish · Nov 18, 2003

I like what Pop always said, the last thing you want to do with your bankroll is gamble!!

5teamparlay · Dec 10, 2018

jam said:
Pro sports bettors sleep days... and don't use turd books like the two that just went down.

If if that’s all I did this would be 110 percent the case.
I still might not watch some of this shit, just too stressful imO.

Willie99 · Dec 10, 2018

People can sleep at night when they don't bet more than they can afford to lose. I haven't lost sleep in decades

I used to make a lot less and bet a lot more, I was the always chasing square that naively thought sports gambling was a way to supplement my income. Now it's just a hobby, and I'm having fun at it

dnf0027 · Dec 10, 2018

5teamparlay said:
If if that’s all I did this would be 110 percent the case.
I still might not watch some of this shit, just too stressful imO.

I'm like this with 90% of the games I bet on...Don't watch em and dont care too. Less stress just following on phone.

Knightrofins · Dec 10, 2018

Willie99 said:
People can sleep at night when they don't bet more than they can afford to lose. I haven't lost sleep in decades

I used to make a lot less and bet a lot more, I was the always chasing square that naively thought sports gambling was a way to supplement my income. Now it's just a hobby, and I'm having fun at it

100%

I have no problem falling asleep when my games are still going on. I get push notifications sent to my phone when the games end. I'll admit that one of the first things i do when i wake up in the morning (or middle of nite) is to check my phone

How do pro sportsbettors sleep at night....

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