Is it just me or is it impossible to win at sports betting

diop · Jun 5, 2011

Ok i know this may sound like a rant but i've been sports betting for like 4-5 years now and consistently lose every yr. Im down about 3.5k in total which isnt much but its still a loss.

i've tried everything and have lost in all ways:

- trying to be really picky and look over all forums for those dime a dozen plays
- following particular guys for there POM/POD plays who i swear always go on a massive loosing streak when i come tail them, the amount of cold streaks that have started the day i start following is amazing
- i've tried following top cappers with good history and records from day 1 of a new season of a sport n they start off real cold and i just give up (im not blaming them btw)

i just feel right now like the universe doesnt want me to bet no matter what i do i just lose and bring ppl down with me. i just have no confidence to continue and ive taken so many breaks and come back to betting but cant kick it cos i just dont understand how i cant win atleast once not even a month of profit just continuous losing.

anyone else feel this way or been thru this? any tips. again i know its a bit of a rant so if you wanna tell me that im a shitkunt n should quit go ahead.

TribeTime · Jun 5, 2011

Diop

I have been "investing in sports" for 8yrs now, the first 5yrs I lost. But I lost and made sure I learned from my losses. I have played the Capper hunt, and paid anywhere from 300 to 4K for services on the internet in las vegas and new Jersey. I have stuck with 4 Cappers and I study them more then I study the game itself. I Document their streaks good ones and bad ones. One off the Cappers I follow has a 3year record of 2-13 when he plays the Michigan Wolverines. So no matter who they are playing or how much I love them I play the opposite when ever he plays them. Don't over load your head with useless information you gather from all these forums. You have to have a game plan and stick with it! I have another Capper that is 50/50 during regular seasons but is 70% plus winner in playoffs. Keeping good books and consistent patterns is the way to go for me. Every year in football I have that 1 HUGE week where I take home over 5k large, and NO MATTER what, I take the next 2 weeks OFF. I do not put in 1 wager for 2 weeks after I have that big win. I document who I would have played and every single time I would have lost my money back and then some. You need to set weekly, monthly, and yearly goals and stick to them. That includes stop limits, if I lose more then 2k and there is still 2 weeks left in the month I stop. Self Control, Documentation, and Discipline are the keys to my success in sports investing. G/L

diop · Jun 5, 2011

thanks for the advice tribetime..

but r u saying that you pay for capping service atm?

I feel like there are so many cappers on all the forums that turn over profits on every season so i just need to follow one of them from start to finish. atm im on everygamblersdream for WNBA.

i guess i need to set a goal of how much i can lose b4 i take a break..

i guess my target is about 2k thats all i want to win. i bet $50 per bet so $45 profit per 1.91 odds doesnt seem like 2k is something that is unattainable..

I also wanted to ask do you flat bet and which is a better system flat betting or betting to win a certain amount per bet

harrington · Jun 5, 2011

Hard to do but it can be done. I've been at it 35 years and it took me many of those years to figure things out. The last 15 have been very good to me. Learn from the mistakes and money management is the key. DON'T CHASE LOSSES. You will have streaks of both winning and losing that is inevitable. I currently have been tearing it up the last few months and decided after losing my last few to lock in my profits and sit on the sidelines for a bit. If you are + money for a particular day don't get greedy, take your profit and tomorrow is another day. Stop betting games because they are on TV. Betting too many games will also get you in trouble. Only play the games you feel absolutely confident about. Less is better in my opinion. Bet only the sports you are good at. I don't bet baseball just because there is nothing else going on. I use the down time to prepare for football. Have realistic goals. You are not going to win 70% of your wagers so don't say that is your goal. Successful gamblers are thrilled with 57-60%.

CujoLatte · Jun 5, 2011

I know this sounds ridiculous but I felt the same way diop. I found Ace-Ace on this forum and not only tail him because he does lose every now and then but, learn the betting game from him by reading all his stuff! I think my biggest problem when I was losing was money management. I learned to be better at that right away reading his advice...... Saved me money to start. The chase thread he does for example i know it sound corny but i use $5 instead of $30 lol i started with $2 because that is the lowest you can put in on my internet book.....than with the profit i could raise it to $5. The past 2 years I have made money... Not much but enough to buy this iPad and pay off some debt.

I guess the following holds true with anything ........ Knowledge is power ...... Read!

CujoLatte · Jun 5, 2011

Oh I forgot to mention that I have never paid for a capper...........yet hehe

diop · Jun 5, 2011

I guess money management is still an issue for me but ive still been able to abide by my $50 as 1 unit bet about 70% of the time. occasionally i do a stupid 200-300 bet and lose but yeah..
The other thing i do wrong is that instead of depositing 5k in 1 book i just deposit 500s at a time and wait till its gone using a $50 per bet rule :S

after being down like 4k now, it's made me reluctant to deposit another 5k and start properly but i guess at some point in time i'll have to write that 4k off in my mind which is harder said than done. i dont have money probs i mean i have a fair bit of cash but its the principal of starting again..

but overall i guess how many ppl here actually follow 1 capper per sport consistently thru the season??

SSI · Jun 5, 2011

I have a computer program that ive developed over the past 20 months.. the plays are posted daily in the mlb room..

if you check it out and start tailing, i can assure you that you wont be sorry...

just drop a few doors down and check it out... im banking heavily on this program...

Falcon

Dante · Jun 5, 2011

harrington said:
Hard to do but it can be done. I've been at it 35 years and it took me many of those years to figure things out. The last 15 have been very good to me. Learn from the mistakes and money management is the key. DON'T CHASE LOSSES. You will have streaks of both winning and losing that is inevitable. I currently have been tearing it up the last few months and decided after losing my last few to lock in my profits and sit on the sidelines for a bit. If you are + money for a particular day don't get greedy, take your profit and tomorrow is another day. Stop betting games because they are on TV. Betting too many games will also get you in trouble. Only play the games you feel absolutely confident about. Less is better in my opinion. Bet only the sports you are good at. I don't bet baseball just because there is nothing else going on. I use the down time to prepare for football. Have realistic goals. You are not going to win 70% of your wagers so don't say that is your goal. Successful gamblers are thrilled with 57-60%.

WELL SAID harry ... one of your best posts ..VERY few follow this sadly

REDEYE · Jun 5, 2011

You can make real good money betting futures, feel like the odds are more in your favor. The day to day grind is hard to beat, unless you have figured out a system of some kind to do that. If its a good system nobody in their right mind is going to put it out on a forum for you. ..If you know sports , trust yourself. Personally, I read some of the cappers in here mostly for the information, not for the picks. Now if you don't like having a good size of your bankroll sit in an account or accounts for months, then its not for you. Alot of your good future wagers are out there long before the season began. So you have to look at it as a year round job. Example bought Stanford at 30/1 over 3 months ago, now maybe you can find 20/1.Season doesn't even start for 3 months.

sean1 · Jun 5, 2011

At $3500, you should be able to make 100% just taking bonuses. It's not rocket science

Defying · Jun 5, 2011

Since Jan 1, 2009 I am 526-343. Little over 60% Winning which is awesome and I should be up a TON, but I am terrible with bankroll management to the point I don't gamble, I handicap for fun. It's my hobby.

Just about everyday, I handicap the games and come up with my plays: Afterwords, I submit my picks for whatever free contest im doing, or whatever pool im in, and move on. I can't bet on sports myself. I ALWAYS no matter how much I am up or down, start betting things I didn't even handicap at the beginning of the day. Ill start doing parlays and halftime lines, and now live betting.

If I can't come out ahead when I pick 60%+ winners over years, then Ill never win.

Do I randomly throw a couple hundred in a sports book, of course, but I don't come out plus as much as I should. Everytime I d/p I set a number in my head, and if I reach that number I take out my orginial deposit plus a $100 or so, that way no matter what I at least WON something. However, I can't remember the last time I cashed out twice on the same deposit.

View it as a hobby, get into contest and pools. Track yourself, still all the fun without a shrinking bank account

boatboatboat · Jun 5, 2011

IMO if you bet sides, pay 10% juice, and don't take into account bonuses and stuff, it will be very hard to be + $ over the long haul.

The "game" isn't meant to have anyone win but THE MAN.

Are there exceptions? Sure but they are far and few between.

I think there are a fair amount of people who will be down 5-6k for 3-4 years in a row, and then will have a few years back to back where they are up 1 grand or so, and think they have it figured out. They will tell people the last 3 years they are +++ money betting sports. They leave out the part where prior to that, they got their ass kicked, and will never make that back.

thetout · Jun 5, 2011

i like to follow espn. whoever they are slurping on bet the opposite. this for me has been good for football and ncaa baskets. i also like to listen to local broadcasts before games and see if maybe i cant get a nugget every now and then. such as a pitcher had figured out he was tipping pitches and has come up with something to stop that or maybe hearing of a closed door meeting for the team. dont know if this is true but the kc royal announcer said earlier this year that the umpiring crews have been arranged with groups of umps with a big strike zone or a small zone. the series he said this every ump was squeezing the crap out of the pitchers 2 of the 3 games went over. take it for what it is worth. good luck and dont lose more than you can afford.

Illini · Jun 5, 2011

It's impossible to win a lot. With a lot of discipline, it can be a challenging and fun hobby, and you can come out ahead. Just do it for fun and it will remain that way.

Hitman26 · Jun 5, 2011

Stop trying to handicap cappers or games and work on handicapping lines.

BAGIANT · Jun 5, 2011

I have a GREAT idea for you and it won't cost you a dime. This goes for any other consistent loser out there. All you have to do is bet AGAINST every play you plan to bet! In affect, you are playing your own bookie and booking your own bets. So instead of YOU paying HIM every week or thereabouts, he's going to be PAYING you!!!

MoneyManager · Jun 5, 2011

Yes, it is possible.

Much good info. - Learning most things of value takes time -- you are early into the learning curve.

For long term success get rid of the handicappers - you don't want to depend on anyone but yourself.

Paper trade your ideas -- it is free.

Be patient and good luck.

ALSportsJunkie · Jun 5, 2011

BAGIANT said:
I have a GREAT idea for you and it won't cost you a dime. This goes for any other consistent loser out there. All you have to do is bet AGAINST every play you plan to bet! In affect, you are playing your own bookie and booking your own bets. So instead of YOU paying HIM every week or thereabouts, he's going to be PAYING you!!!

The problem with this is that most people are going to pick around 50%. He is getting beaten by the juice and lack of money management. People who pick less significantly less than 50% are just as rare as those who pick above it on regular occasion...gotta think it is only a few people of a thousand.

RenoChazz · Jun 5, 2011

BAGIANT said:
I have a GREAT idea for you and it won't cost you a dime. This goes for any other consistent loser out there. All you have to do is bet AGAINST every play you plan to bet! In affect, you are playing your own bookie and booking your own bets. So instead of YOU paying HIM every week or thereabouts, he's going to be PAYING you!!!

Except bookies only need to hit 48% to make a profit while you have to hit 52.5% to break even

Is it just me or is it impossible to win at sports betting

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