Segragating gambling funds

CharlieMaxwell · Dec 29, 2004

Winning $10,000 from a gambling contest should be a great moment. However, as a lucky winner called “Assassin” is finding out, there is more to it than just worrying about the rollover.

Read the rest of Wild Bill's latest column by going to the RX home page at www.therx.com

Charlie

Dante · Dec 29, 2004

Great Read Wildbill...

Woody0 · Dec 29, 2004

Once again dead on the money Wild Bill.

TheGeneral+ · Dec 29, 2004

I have found it is senseless to talk gambling with family. I am lucky that I can keep to myself and do what I want without any questions from the family really, except the holiday gatherings when everyone wants to know who you are playing so that they can give you chit if you lose.

jjgold · Dec 29, 2004

Sometimes playing with scared money you concentrate more and succeed

MaxValue · Dec 29, 2004

Wild Bill

First of all great subject as it relates to most of us one way or another.

Your writeup is very "dead on" and your advise is a huge help to someone just starting out as well as "hard headed" veterans like myself. I read 5x so hopefully something will sink in. lol

I must say I think it really helped that I took my wife to the RX bash this year,she seems to have a better understanding about what we all do..and everyone she met presented themselves as perfect gentlemen.

Thanks again

Max Value

assassin · Dec 29, 2004

good read.

When I starter 2 years ago I had a defined bankroll. At the end of my season (August to August) I had a 200% profit and took a break until the Superbowl.

This year my bankroll was just the winnings from last year (that 200%) and I put my original capital aside (actually used to temorarily pay down my home equity line as that was the highest return while maintianing liquidity).

I'm up again this year and have again pulled out my original bankroll and set it aside. I have "chosen" to take out some additional for fun family purposes. Basically spent a little more on our summer vacation and upgraded a trip to San Fran for our anniversary.

BUt yes, keeping the funds seperate is key.

Can't wait until my skybook account is funded.

sherman · Dec 29, 2004

i hope you turn that $10,000 into some nice change! Good Luck!

:money8:

assassin · Dec 29, 2004

trying

dime played already

500 tonight

500 on a cfb game this week

Fishhead · Jan 5, 2005

Just caught up with this article......thanks for the read BILL.

NickyDeuces · Jan 5, 2005

Thanks C.M.

billpapa · Jan 7, 2005

I think that not keeping a separate bankroll for gambling along with not keeping accurate records are two of the many reasons most lose. I suspect many do not have separate bankrolls because deep inside they don't want to know how they do. It is the old "what you don't know won't hurt you" idea.

jjgold · Jan 7, 2005

I always mixed funds although bad idea

Bill is right here keep good records and seperate bankroll

Segragating gambling funds

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CharlieMaxwell

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TheGeneral+

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Staying Alive

assassin

It's like sum fucking Beckett play that we're rehe

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assassin

It's like sum fucking Beckett play that we're rehe

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Hard work never killed anyone, but why chance it?

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