Could you?

RacerX · Feb 4, 2005

place just one wager a day and be satisfied?

I'm talking more from a recreational standpoint here, as I have been tracking my "best bet of the day" over the past two weeks and am 12-2.

The bank roll is up, but i've given some back (surprise) on "need for action" wagers.

BTW, thanks to all who post here about money management and keeping track of records. I have set up excel spread sheets and it has worked wonders for my stability. I haven't chased once :nono5: since i have started to hold myself accountable...

TheGeneral+ · Feb 4, 2005

Very much so.

jjgold · Feb 4, 2005

Best way to win Son'

The more games you bet your chances decrease

Vig will kill you

RacerX · Feb 4, 2005

what is the difference between betting out of boredom and betting for action?

Dante · Feb 4, 2005

Racer X said:
place just one wager a day and be satisfied?

I'm talking more from a recreational standpoint here, as I have been tracking my "best bet of the day" over the past two weeks and am 12-2.

The bank roll is up, but i've given some back (surprise) on "need for action" wagers.

BTW, thanks to all who post here about money management and keeping track of records. I have set up excel spread sheets and it has worked wonders for my stability. I haven't chased once :nono5: since i have started to hold myself accountable...

YES SIR .. would be more then enough for me

jjgold · Feb 4, 2005

Racer X said:
what is the difference between betting out of boredom and betting for action?

Racer there is no difference

Son I do not like the path your heading down, bet small and for fun only

gambling is bad, go get yourself a girl and start a life without gambling

Learn from the losers here like me and most others

Make the right choice Son

RacerX · Feb 4, 2005

JJ- Thanks for the heads up, and i understand your warnings. I asked the question not b/c i wager out of boredom, but have noticed some on here that say they do, which i do not understand at all.

Let me ask this question, then...say you have a bankroll of $1000. If you wanted to make one wager per day, how much would it be for?

Kornholio · Feb 4, 2005

Racer X said:
JJ- Thanks for the heads up, and i understand your warnings. I asked the question not b/c i wager out of boredom, but have noticed some on here that say they do, which i do not understand at all.

Let me ask this question, then...say you have a bankroll of $1000. If you wanted to make one wager per day, how much would it be for?

50

wantitall4moi · Feb 4, 2005

jjgold said:
Best way to win Son'

The more games you bet your chances decrease

Vig will kill you

JJ come on now. I know you know better than that don't you. WINNERS have the vig taken away not the losers. I laugh everytime I see the statement you make. Generally it is made by someone that is sort of clueless. I know you are not clueless. So was that statement for effect, or do you really mean it?

Because simple math shows that someone who is undfeated is 'charged' a full 9.09% (at -110) but a guy that is winless is 'charged' nothing, because he doesn't collect anything, and ne lost every thing he bet.

Volume is the name of the game. Streaks come and go. A guy that is 12-2 in two weeks could just as easilly be 1-13 the next two. IF, you can do it that way and take the good with the bad then it is OK. But that is a big IF,and somethng most guys cannot do.

Kornholio · Feb 4, 2005

wantitall...you always say the same thing. Don't you think that there should be different stategies for different size bankrolls? I know Im not gonna waste my time grinding out profits with a smaller bankroll. I'm gonna play less games, and take my shots at weak lines.

aceduecetrey · Feb 4, 2005

Racer- It is a very hard thing to overcome as a bettor. I had a difficult time years ago myself. One thing I did to help myself out was to have different Outs for different reasons. I had one local guy set up for "action only games" I put myself on a limit with him so that I would not get hurt. For myself also I have a much better chance of not losing a lot with local rather than offshore. For me it was all in my mind, but let say I had 10k in a bank acct and 10k offshore, I would rather lose 1k offshore, than to have to take 1k out of the bank to pay the local guy. It took some time for me to overcome some of these things, but stick with it and try to be disciplined.

wantitall4moi · Feb 4, 2005

Korn

Yeah I am a broken record sometimes. And maybe there is a different approach. When I first started betting I was pretty young and had a lot of money. I got money from my grandparents, and had funds and all the cliche' stuff you see in the bad 80's movies. I pissed away A LOT of money. Took me about a year and a half to figure it out. I actually didn't bet at all for a couple years.

Then I got back into it. But with a totally differet approach. It isn't even the approach I have now. I am constantly modifying it and trying different things.

In all honesty $1000 isn't enough to do anything. Even $1500. Unless you are looking to take a one shot thing and stop right there. Then sure dropping it all on a side is OK. I will even take my shots here and there, but they are few and far between. And even if I go undefeated in those "shots" I don't lose my mind and think I can do it consistantly.

It does all depend on the person. Some people want the action, some people want the bragging rights, some people want the money. If it is the latter, then a plan has to be in place, and a reasonabley sized investment is necessary.

Even 10K isnt enough. Unless you do start out over betting, hitting some nice plays to build it up, and then go into a set pattern. Ultimately there are contradictions in the way everyone bets. Even me. I admit it. I admitted sticking to a ML play I had when I had the shot to get a buy back and make about 75 bucks, instead I ended up losing in a finish that might happen one in a hundred games.

Good reminders, those games. While it is fun and exciting to win a bet, the losses are the things that kill you. Especially when you know better.

Again I equate it to drinking and driving. It is all fun and good when you get home night after night. And you might get home a couple hundred times. But that ONE time you get busted is what you really remember, and what is really the kick in the balls.

But most definately starting capital has some say in how you appraoch it. But if you are looking to start something long term with a grand you might as well light it on fire, it might go quicker. But the results will be the same as gambling, and you will always be able to tell about the time you lit a grand on fire...literally

Kornholio · Feb 4, 2005

wantitall4moi said:
Korn

Yeah I am a broken record sometimes. And maybe there is a different approach. When I first started betting I was pretty young and had a lot of money. I got money from my grandparents, and had funds and all the cliche' stuff you see in the bad 80's movies. I pissed away A LOT of money. Took me about a year and a half to figure it out. I actually didn't bet at all for a couple years.

Then I got back into it. But with a totally differet approach. It isn't even the approach I have now. I am constantly modifying it and trying different things.

In all honesty $1000 isn't enough to do anything. Even $1500. Unless you are looking to take a one shot thing and stop right there. Then sure dropping it all on a side is OK. I will even take my shots here and there, but they are few and far between. And even if I go undefeated in those "shots" I don't lose my mind and think I can do it consistantly.

It does all depend on the person. Some people want the action, some people want the bragging rights, some people want the money. If it is the latter, then a plan has to be in place, and a reasonabley sized investment is necessary.

Even 10K isnt enough. Unless you do start out over betting, hitting some nice plays to build it up, and then go into a set pattern. Ultimately there are contradictions in the way everyone bets. Even me. I admit it. I admitted sticking to a ML play I had when I had the shot to get a buy back and make about 75 bucks, instead I ended up losing in a finish that might happen one in a hundred games.

Good reminders, those games. While it is fun and exciting to win a bet, the losses are the things that kill you. Especially when you know better.

Again I equate it to drinking and driving. It is all fun and good when you get home night after night. And you might get home a couple hundred times. But that ONE time you get busted is what you really remember, and what is really the kick in the balls.

But most definately starting capital has some say in how you appraoch it. But if you are looking to start something long term with a grand you might as well light it on fire, it might go quicker. But the results will be the same as gambling, and you will always be able to tell about the time you lit a grand on fire...literally

I see your point but I disagree. I know someone who put in 600...had never bet on sports, and using that money ran it up to a very real bankroll and is betting a nickel a game now all off the initial 600. And that was his first deposit ever.

Yes you have to have some luck...but being selective and hammering weak lines, you would be suprised what you can do with a dime. I imagine it is the way a lot of bettors develop a bankroll. Not everyone has 30 dimes at their disposal.

RacerX · Feb 4, 2005

Very well put, Want....

You raise some great points....the best of which is the idea the 1K isn't the way to go as far as a bankroll. (that is, if you a truly doing this to make money) I saw a quote a couple of weeks ago, and i believe it relates to what we are talking about....

the only way to make money wagering is to wager with money that MEANS something. You respect the money. Pure and simple.

Kornholio · Feb 4, 2005

Racer X said:
Very well put, Want....

You raise some great points....the best of which is the idea the 1K isn't the way to go as far as a bankroll. (that is, if you a truly doing this to make money) I saw a quote a couple of weeks ago, and i believe it relates to what we are talking about....

the only way to make money wagering is to wager with money that MEANS something. You respect the money. Pure and simple.

You have to know what the hell your doin' before you wager money that means something, as you put it. The only way to begin your wagering career is with a small bankroll IMO. You can't start out with a big bankroll, you will lose your asss and then chase it down. And then you are fvcked. You have to learn first!

RacerX · Feb 4, 2005

Korn...agree 100%. You have to learn first.

But the example you give of your friend taking off with $600 and now betting nickels is not even close to being the norm.

You can do it with a small bankroll, but you have to take shots...big shots

jjgold · Feb 4, 2005

If you have $1000 bankroll you bet $5 per game if your doing it by the testbook

Kornholio · Feb 4, 2005

Racer X said:
You can do it with a small bankroll, but you have to take shots...big shots

Now you got it.

RacerX · Feb 4, 2005

So if i have a $1000 bankroll...

do i wager $50 per game

or do i take shots for $200 each?

Kornholio · Feb 4, 2005

Depends on what you are trying to do. If you want to take shots now, be very selective...like 1-3 games a week and bet big.

If you want to use your bankroll to learn...bet 20 bucks a game.

If you want to be somewhat selective and play one game a day or so like you said....bet 50 bucks a game...maybe up to a hundred. If you do well doing this you can take your shots later.