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#1
I thought I had a thread around here somewhere about this, but it is probably time to create a new one anyways. This new thread will be detailing strategies and decision-making process when it comes to capping the NBA. This thread can be all inclusive and anybody can add their opinion towards it. The main goal of this thread is to help those in the community develop better decision-making skills through empowering themselves with knowledge. However we must realize that sometimes knowing too much can often work against us. Everybody cannot realistically make money betting sports, what matters is actually learning something from each win/loss you encounter in order to gain experience. It is learning from these experiences over time is what will develop you in to a successful gambler. If you are operating your gambling based on bias and favorites... you must stop now. This not only means you are partial to betting a certain side, but can also lead to a serious gambling addiction where you are chasing losses like a heroin addict chasing a pink dragon.
First off. Regardless of your history betting the NBA, cut all of your losses. Set limits for this upcoming season before you begin. If you start with 1000, don't go over that and dig in deeper. Make plays accordingly and don't use up more than 5% of your bankroll on a given play. If you are doing well over time, do with math and bump your bets up. Likewise if you are in a slump, retract the numbers a bit. Make single-play bets. Do not do parlays hoping for a big payoff. This is a marathon not a race. If you are looking to get rich quick - do not look here. This is a very slow and methodical way to make money - but it does work as long as the player is patient.
It is always important when making a play to consider others. Some look at betting percentages (which may or may not be accurate). However one of the best ways to get a good evaluation of your play is talk to another player who has no emotional or monetary stake in the game. This way they can give you their best opinion while trying not to exert bias.
One of the key things I see that is wrong in the betting community is the punishment of others because of their decisions. We all see it in different forms whether it is bragging or using the hindsight bias to say I knew all along. You CANNOT reward the outcomes of situations based on win/loss. It was actually the process leading up to that outcome such as they got beat badly in transition and played poorly in the paint. By using this - you can actually reward your decision making because you were right - it just happened to end up in a loss that most of the time would not occur. After a win/loss try to go back to why you initially made that play and see if the results match up with the hypothesis.
The only thing else I got to say at this moment is NEVER FALL IN LOVE WITH ONE TEAM. Sure teams can go on streaks (Spurs) but they may come to an abrupt end (Thunder) and may be shaky ATS during that time as well. Do not believe in streaks and trends (temporary) - go with the patterns (which are permanent)
Good Luck to everybody in the Association this season!
First off. Regardless of your history betting the NBA, cut all of your losses. Set limits for this upcoming season before you begin. If you start with 1000, don't go over that and dig in deeper. Make plays accordingly and don't use up more than 5% of your bankroll on a given play. If you are doing well over time, do with math and bump your bets up. Likewise if you are in a slump, retract the numbers a bit. Make single-play bets. Do not do parlays hoping for a big payoff. This is a marathon not a race. If you are looking to get rich quick - do not look here. This is a very slow and methodical way to make money - but it does work as long as the player is patient.
It is always important when making a play to consider others. Some look at betting percentages (which may or may not be accurate). However one of the best ways to get a good evaluation of your play is talk to another player who has no emotional or monetary stake in the game. This way they can give you their best opinion while trying not to exert bias.
One of the key things I see that is wrong in the betting community is the punishment of others because of their decisions. We all see it in different forms whether it is bragging or using the hindsight bias to say I knew all along. You CANNOT reward the outcomes of situations based on win/loss. It was actually the process leading up to that outcome such as they got beat badly in transition and played poorly in the paint. By using this - you can actually reward your decision making because you were right - it just happened to end up in a loss that most of the time would not occur. After a win/loss try to go back to why you initially made that play and see if the results match up with the hypothesis.
The only thing else I got to say at this moment is NEVER FALL IN LOVE WITH ONE TEAM. Sure teams can go on streaks (Spurs) but they may come to an abrupt end (Thunder) and may be shaky ATS during that time as well. Do not believe in streaks and trends (temporary) - go with the patterns (which are permanent)
Good Luck to everybody in the Association this season!
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