Posted:
#26
Thanks for the post ... I have been through the highs and lows of gambling myself ... at one point i withdrew loans out of my 401k in my early days to try and win tons of money that i won back after losing ... that didn't work out too well ... i was young and stupid then ...
Ever since i joined covers things changed ... Just posting my percentages and units up or down helped me maintain some sort of discipline and realized that the seasons are marathons and not sprints .... typing about the games on why i liked them helped me understand my confidence and how much i should i wager ... i disagreed about not using units ... but the key is you have to be consistent, you have to understand that their is their economic growth cycle effect where if you stay consistent you will experience periods of rebounding/roller coaster ... it has worked for me every baseball and football season since i started posting picks ....
but the keys to staying smart with your money are:
1) tomorrow is another day ... you will feel much better the next day with some money than being broke
2) don't try and win it ALL back ... inch your way back ... you have to ride the roller coaster all the way down and all the way back up as opposed to jumping off mid way through
3) stay consistent with matching your wager amounts with your confidence (aka pod vs. non pod) ... stick to a percentage of your bank roll of certain plays and your feel for the play.
4) never deposit more money than you already have in your account because you like a play ALOT
5) and most importantly ... stick to your gut ...
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