Does anyone else have the problem of not betting any games when yall get up a certain dollar amount? I am on a week to to week basis with my sportbook and when I am up anything north of $200 on the week I quit betting. That dollar amount is not much, but as a college student a can pretty much do anything I want during the week on $200. Does anyone else have/had this problem, and how did you overcome it?
0
To remove first post, remove entire topic.
Does anyone else have the problem of not betting any games when yall get up a certain dollar amount? I am on a week to to week basis with my sportbook and when I am up anything north of $200 on the week I quit betting. That dollar amount is not much, but as a college student a can pretty much do anything I want during the week on $200. Does anyone else have/had this problem, and how did you overcome it?
what problem? from what you described seem like it's just discipline. Got your target set and met. Enjoy the rest of time living. As long as same discipline is exercised when in the reds. Cheers
0
what problem? from what you described seem like it's just discipline. Got your target set and met. Enjoy the rest of time living. As long as same discipline is exercised when in the reds. Cheers
You've just described the one money management system that works in virtually all gambling games. I use the exact same tactic playing blackjack sessions.
I also understand your "problem" with not betting after you hit your target number. We gamblers never want to leave a winning streak. Winning streaks seem to happen less frequently than losing streaks, so you want to capitalize on a winning streak and maximize profits.
You accomplish this by utilizing something called "the 20 percent rule". Establish your target number (In your case it's $200). Once you reach your target number, it's OK to keep gambling. But if you should lose 20 percent of that target number, you MUST stop immediately. This allows you to stop with a sizable profit without walking away from a winning streak that could double or triple (or more) your target number. The idea is to limit any losses, but allow a winning streak to run onward.
It all comes down to discipline. If you say there is no problem stopping at your target number, then you should also have the discipline to add this twenty percent rule to your gambling arsenal.
GL.
~~~~~ZOSO~~~~~
0
You've just described the one money management system that works in virtually all gambling games. I use the exact same tactic playing blackjack sessions.
I also understand your "problem" with not betting after you hit your target number. We gamblers never want to leave a winning streak. Winning streaks seem to happen less frequently than losing streaks, so you want to capitalize on a winning streak and maximize profits.
You accomplish this by utilizing something called "the 20 percent rule". Establish your target number (In your case it's $200). Once you reach your target number, it's OK to keep gambling. But if you should lose 20 percent of that target number, you MUST stop immediately. This allows you to stop with a sizable profit without walking away from a winning streak that could double or triple (or more) your target number. The idea is to limit any losses, but allow a winning streak to run onward.
It all comes down to discipline. If you say there is no problem stopping at your target number, then you should also have the discipline to add this twenty percent rule to your gambling arsenal.
never pass up a winner kidd why does it matter how much your up or down? As long as your playing for a unit on a solid play it's all good. It's when you do those 10 unit bombs that darn u
0
never pass up a winner kidd why does it matter how much your up or down? As long as your playing for a unit on a solid play it's all good. It's when you do those 10 unit bombs that darn u
Don't listen to mcballin. With all due respect to him, $200 is your goal. So once you reach it, it's counterproductive to wager more at that point. Let's say you know a capper that releases plays at a 72% success rate over the past 3 years with an average of 5 plays a week. And it's documented by yourself. In other words, you know it to be fact. As crazy as it may seem, no matter what he gives you, once you reach a goal, you stop betting for the week. Period. That is if your system works like that.
I was using a similar system and I revised it. I figured why stop wagering on, say, the 21st if I reach my goal when I can use the remaining 10 days of the month to work towards my next number goal. It worked for a while, but I ended up wagering too many games and it got out of control. Stick with what your doing.
0
Don't listen to mcballin. With all due respect to him, $200 is your goal. So once you reach it, it's counterproductive to wager more at that point. Let's say you know a capper that releases plays at a 72% success rate over the past 3 years with an average of 5 plays a week. And it's documented by yourself. In other words, you know it to be fact. As crazy as it may seem, no matter what he gives you, once you reach a goal, you stop betting for the week. Period. That is if your system works like that.
I was using a similar system and I revised it. I figured why stop wagering on, say, the 21st if I reach my goal when I can use the remaining 10 days of the month to work towards my next number goal. It worked for a while, but I ended up wagering too many games and it got out of control. Stick with what your doing.
Everyone, thank you for the input. I like the 20% rule and that's something I kind of implement already. It's helped me keep the number of games I wager on down, which in the long run should keep the odds slightly in my favor just based on the juice you have to pay for each game wagered
0
Everyone, thank you for the input. I like the 20% rule and that's something I kind of implement already. It's helped me keep the number of games I wager on down, which in the long run should keep the odds slightly in my favor just based on the juice you have to pay for each game wagered
Everyone, thank you for the input. I like the 20% rule and that's something I kind of implement already. It's helped me keep the number of games I wager on down, which in the long run should keep the odds slightly in my favor just based on the juice you have to pay for each game wagered
Taking that 20% rule one step further (and you probably already realize this), once you get past your initial target number you must set another target number. In your case I would suggest $300. If your lucky streak continues to $300, you keep playing until you lose 20% of that target number. As your winning streak continues, keep setting higher numbers, always aware of the 20% rule. You MUST leave after losing 20%. As long as you have that discipline, you can allow winning streaks to continue.
Quick story about the 20% rule and winning streaks... Took wifey out to dinner at the casino and later bought in at a blackjack table for $500. I set a target number of $300 profit. In about 30 minutes I had over $1,500 of chips in front of me. Wifey was screaming at me to leave, but I never leave a winning table. Told her that "I got this, go take a powder and leave me alone". Another 45 minutes later I had $7K sitting in front of me. Shortly after I took $6,800 to the cage. Now, if an inexperienced gambler like my wifey was in charge, she would have left $5,300 in the dealer's rack.
Winning streaks and the 20% rule are are powerful combination.
~~~~~ZOSO~~~~~
0
Quote Originally Posted by robertelee:
Everyone, thank you for the input. I like the 20% rule and that's something I kind of implement already. It's helped me keep the number of games I wager on down, which in the long run should keep the odds slightly in my favor just based on the juice you have to pay for each game wagered
Taking that 20% rule one step further (and you probably already realize this), once you get past your initial target number you must set another target number. In your case I would suggest $300. If your lucky streak continues to $300, you keep playing until you lose 20% of that target number. As your winning streak continues, keep setting higher numbers, always aware of the 20% rule. You MUST leave after losing 20%. As long as you have that discipline, you can allow winning streaks to continue.
Quick story about the 20% rule and winning streaks... Took wifey out to dinner at the casino and later bought in at a blackjack table for $500. I set a target number of $300 profit. In about 30 minutes I had over $1,500 of chips in front of me. Wifey was screaming at me to leave, but I never leave a winning table. Told her that "I got this, go take a powder and leave me alone". Another 45 minutes later I had $7K sitting in front of me. Shortly after I took $6,800 to the cage. Now, if an inexperienced gambler like my wifey was in charge, she would have left $5,300 in the dealer's rack.
Winning streaks and the 20% rule are are powerful combination.
Money Management is one of the downfalls I've had in my gambling career. Everyone has their own budgets and stuff. I commend you for being able to stick to your plan.
One thing I disagree on is that once you make a certain amount you automatically stop. It's great that you can have a good week out of that 200 in profit.
However, what do you do on weeks that you inevitably lose? I say, if you've got a pick you feel pretty good about, there is no reason to not play it. That extra 100 you might make off the winning pick can help offset the losing weeks that you have.
If you keep your gambling under control, you will survive longer than most in this business.
0
Money Management is one of the downfalls I've had in my gambling career. Everyone has their own budgets and stuff. I commend you for being able to stick to your plan.
One thing I disagree on is that once you make a certain amount you automatically stop. It's great that you can have a good week out of that 200 in profit.
However, what do you do on weeks that you inevitably lose? I say, if you've got a pick you feel pretty good about, there is no reason to not play it. That extra 100 you might make off the winning pick can help offset the losing weeks that you have.
If you keep your gambling under control, you will survive longer than most in this business.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
Hot Forum Topics
