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    All Forums | NBA Betting Forum

    Trying something new with a clean slate... 1 Game a day, 5% of bankroll

    pastaman39
    samdude3
    KktdocT
    brent0887
    canadaguy_25
    ...
    Participants:
    Search
    Views: 926
    Posts: 22
     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 3, 2010 - 4:22 AM ET #1

    I just feel it's time for a change.  I am a mid to high stakes professional poker player who bets sports for a hobby but unfortunately its an expensive hobby because when I win i win big, when I lose I lose big.  It has no longer become fun for me because I bet way too much per game and the stress of it isn't worth the money and the mental grind really affects my poker game.  It's so strange because my bankroll management with poker is phenomenal but with sports betting I am an absolute loose cannon.  I thrive on setting rules in terms of bankroll management because I know how to not step over the boundaries in good times and bad times.  I just feel that if i really want to get back to enjoying not just gambling on sports, but watching it in general, i gotta set some guidelines and rules for myself....without further ado....

     

    -Starting bankroll of $2,000

    -My bankroll will have levels.  Each bet will be 5% of the starting bankroll of each level.  Each time i double my bankroll it will go up a level.  If I happen to hit a downswing and fall back into a lower level, the bet size will also fall down into the lower level..

           Level 1 (each bet $100): $2000-$3999     

           Level 2 (each bet $200): $4000-$7999   

           Level 3 (each bet $400): $8000-$15,999

          etc, etc 

     -If the juice is +110 the bet is risking 100 to win 110, if the juice is -110 it is risking 110 to win 100.

    -Will include all sports but each time it will be posted in the NBA forum.

    Well that's pretty much it.  BOL to everyone, hope to give you guys all consistent winners!

    Reply
    To remove first post, remove entire topic.

    I just feel it's time for a change.  I am a mid to high stakes professional poker player who bets sports for a hobby but unfortunately its an expensive hobby because when I win i win big, when I lose I lose big.  It has no longer become fun for me because I bet way too much per game and the stress of it isn't worth the money and the mental grind really affects my poker game.  It's so strange because my bankroll management with poker is phenomenal but with sports betting I am an absolute loose cannon.  I thrive on setting rules in terms of bankroll management because I know how to not step over the boundaries in good times and bad times.  I just feel that if i really want to get back to enjoying not just gambling on sports, but watching it in general, i gotta set some guidelines and rules for myself....without further ado....

     

    -Starting bankroll of $2,000

    -My bankroll will have levels.  Each bet will be 5% of the starting bankroll of each level.  Each time i double my bankroll it will go up a level.  If I happen to hit a downswing and fall back into a lower level, the bet size will also fall down into the lower level..

           Level 1 (each bet $100): $2000-$3999     

           Level 2 (each bet $200): $4000-$7999   

           Level 3 (each bet $400): $8000-$15,999

          etc, etc 

     -If the juice is +110 the bet is risking 100 to win 110, if the juice is -110 it is risking 110 to win 100.

    -Will include all sports but each time it will be posted in the NBA forum.

    Well that's pretty much it.  BOL to everyone, hope to give you guys all consistent winners!

     
    samdude3
    samdude3
    Veteran
    Participation Meter
    Joined: Nov, 2010
    Posts: 2280
    Posted: Dec. 3, 2010 - 4:26 AM ET #2

    Awesome post pastaman. Money management is the key to success in almost every aspect of life. Its awesome you can come to this realization cause many cannot say the same.

    Best of luck my friend! I look forward to the picks!
    Reply
    Awesome post pastaman. Money management is the key to success in almost every aspect of life. Its awesome you can come to this realization cause many cannot say the same.

    Best of luck my friend! I look forward to the picks!
     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 3, 2010 - 4:32 AM ET #3

    Quote Originally Posted by samdude3:

    Awesome post pastaman. Money management is the key to success in almost every aspect of life. Its awesome you can come to this realization cause many cannot say the same.

    Best of luck my friend! I look forward to the picks!

    Thanks a lot man. It's not easy to admit that you have a problem but at some point you have to realize your faults.  Everybody makes mistakes but I say anybody that makes the same mistake twice probably deserved it.  I happen to fall into this group because i have busted more times than I can count but I don't feel bad for myself or blame anyone else because I have been down this road a million times so its my own fault.  I really appreciate the support and good luck on your wagers my friend!

    Reply
    Quote Originally Posted by samdude3:

    Awesome post pastaman. Money management is the key to success in almost every aspect of life. Its awesome you can come to this realization cause many cannot say the same.

    Best of luck my friend! I look forward to the picks!

    Thanks a lot man. It's not easy to admit that you have a problem but at some point you have to realize your faults.  Everybody makes mistakes but I say anybody that makes the same mistake twice probably deserved it.  I happen to fall into this group because i have busted more times than I can count but I don't feel bad for myself or blame anyone else because I have been down this road a million times so its my own fault.  I really appreciate the support and good luck on your wagers my friend!

     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 3, 2010 - 6:40 PM ET #4

    0-0 

    Current bankroll: $2,000  (level 1)     Profit: $0

    -------------------------------------------------------------------

    $100 Washington Wizards +4.5 (-120)

    Let's start this off on a high note!  BOL to everyone!

     

    Reply

    0-0 

    Current bankroll: $2,000  (level 1)     Profit: $0

    -------------------------------------------------------------------

    $100 Washington Wizards +4.5 (-120)

    Let's start this off on a high note!  BOL to everyone!

     

     
    KktdocT
    KktdocT
    Legend
    Participation Meter
    Joined: Jan, 2006
    Posts: 66757
    Posted: Dec. 3, 2010 - 6:41 PM ET #5

    Reply
     
    brent0887
    brent0887
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    Joined: Feb, 2009
    Posts: 19355
    Posted: Dec. 3, 2010 - 6:42 PM ET #6

    GL 
    Reply
    GL 
     
    KktdocT
    KktdocT
    Legend
    Participation Meter
    Joined: Jan, 2006
    Posts: 66757
    Posted: Dec. 3, 2010 - 6:42 PM ET #7

    Reply
     
    canadaguy_25
    canadaguy_25
    Rookie
    Participation Meter
    Joined: Dec, 2008
    Posts: 962
    Posted: Dec. 3, 2010 - 6:45 PM ET #8

    Nice Pick, Man! That's my big play as well. And well said on the money management aspect. I have been getting much better with my money management, but I was a loose cannon for a while too, until I busted a few times even with a winning record. GL to you!
    Reply
    Nice Pick, Man! That's my big play as well. And well said on the money management aspect. I have been getting much better with my money management, but I was a loose cannon for a while too, until I busted a few times even with a winning record. GL to you!
     
    pastaman39
    pastaman39
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    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 12:08 AM ET #9

    KktdocT 

    brent0887 

    canadaguy_25 

    Thanks a lot fellas!

    Reply

    KktdocT 

    brent0887 

    canadaguy_25 

    Thanks a lot fellas!

     
    pastaman39
    pastaman39
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    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 12:11 AM ET #10

    $100 Washington Wizards +4.5 (-120)

    Best way to turn over a new leaf is with a W!  Let's keep it goin and go 2-0 this weekend with strong momemtum heading into next week!

    Tonite: 1-0 +$100

    Current Bankroll: $2100   

    Total Profit: $100

    Reply

    $100 Washington Wizards +4.5 (-120)

    Best way to turn over a new leaf is with a W!  Let's keep it goin and go 2-0 this weekend with strong momemtum heading into next week!

    Tonite: 1-0 +$100

    Current Bankroll: $2100   

    Total Profit: $100

     
    rekamyenoM
    rekamyenoM
    Hall of Fame
    Participation Meter
    Joined: Nov, 2005
    Posts: 20863
    Posted: Dec. 4, 2010 - 12:39 AM ET #11

    GL
    Reply
    GL
     
    pastaman39
    pastaman39
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    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 12:40 AM ET #12

    rekamyenoM 
    Reply
    rekamyenoM 
     
    komot
    komot
    Captain
    Participation Meter
    Joined: May, 2009
    Posts: 5018
    Posted: Dec. 4, 2010 - 1:29 AM ET #13

    tomorrow
    Reply
    tomorrow
     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 5:32 AM ET #14

    komot 

    thanks pal!

    Reply

    komot 

    thanks pal!

     
    TeamTotals4Life
    TeamTotals4Life
    Banned
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    Posts: 419
    Posted: Dec. 4, 2010 - 5:53 AM ET #15

    Good Luck to you
    Reply
    Good Luck to you
     
    808-Warrior
    808-Warrior
    Rookie
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    Joined: Nov, 2007
    Posts: 777
    Posted: Dec. 4, 2010 - 5:57 AM ET #16

    GL.  I remind myself sometimes, making is a marathon not a 100 meter race.  I'm playing the MAVs -1 to -20 whatever the line is vs. lowly Crapamento tomorrow.
    Reply
    GL.  I remind myself sometimes, making is a marathon not a 100 meter race.  I'm playing the MAVs -1 to -20 whatever the line is vs. lowly Crapamento tomorrow.
     
    Paragon_X
    Paragon_X
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    Participation Meter
    Joined: Mar, 2010
    Posts: 260
    Posted: Dec. 4, 2010 - 6:00 AM ET #17

    Congrats. I myself was like you, absolutely no money management other than I don't want to lose my money. I had a terrible habit of chasing plays. Live betting is fun now, but back then it was a life sucker. I'd see a bet lose, chase chase chase before you know it bankroll done. In the end, after taking a month break I came back with a vengeance. Focus on what is going good for me. I bet for a month in my head, once I began rolling and felt comfortable I setup a similar system and haven't looked back. I am positive units and have been ever since. Keep it simple, stay true to yourself, set realistic goals, you'll continue to enjoy success, good luck!
    Reply
    Congrats. I myself was like you, absolutely no money management other than I don't want to lose my money. I had a terrible habit of chasing plays. Live betting is fun now, but back then it was a life sucker. I'd see a bet lose, chase chase chase before you know it bankroll done. In the end, after taking a month break I came back with a vengeance. Focus on what is going good for me. I bet for a month in my head, once I began rolling and felt comfortable I setup a similar system and haven't looked back. I am positive units and have been ever since. Keep it simple, stay true to yourself, set realistic goals, you'll continue to enjoy success, good luck!
     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 6:01 AM ET #18

    TeamTotals4Life 

    808-Warrior 

    Yea sometimes you get caught up in the moment, you don't even bother to think long term and thats when u go broke...  BOL with the Mavs!

    Reply

    TeamTotals4Life 

    808-Warrior 

    Yea sometimes you get caught up in the moment, you don't even bother to think long term and thats when u go broke...  BOL with the Mavs!

     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 4, 2010 - 7:19 PM ET #19

    Last nite: Washington Wizards + 4.5 (-120)  *WIN*

    Overall Record: 1-0                 Moneyline Plays: 0-0

    Current Bankroll: $2100 (Level 1)

    Total Profit: $100

    ---------------------------------------------------------------------------------

    $100 Charlotte Bobcats +4.5 (-120)

    Good Luck to everyone!

    Reply

    Last nite: Washington Wizards + 4.5 (-120)  *WIN*

    Overall Record: 1-0                 Moneyline Plays: 0-0

    Current Bankroll: $2100 (Level 1)

    Total Profit: $100

    ---------------------------------------------------------------------------------

    $100 Charlotte Bobcats +4.5 (-120)

    Good Luck to everyone!

     
    pastaman39
    pastaman39
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    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 5, 2010 - 7:02 PM ET #20

    Last nite: Charlotte Bobcasts +4.5 (-120) *Loss*

    Overall Record: 1-1                 Moneyline Plays:  0-0

    Current Bankroll: $1980 (Level 1)

    Total Profit: (-$20)

    ---------------------------------------------------------------------------------

    $100 New Orleans Hornets +7 (-120)

    Good Luck to everyone!

    Reply

    Last nite: Charlotte Bobcasts +4.5 (-120) *Loss*

    Overall Record: 1-1                 Moneyline Plays:  0-0

    Current Bankroll: $1980 (Level 1)

    Total Profit: (-$20)

    ---------------------------------------------------------------------------------

    $100 New Orleans Hornets +7 (-120)

    Good Luck to everyone!

     
    pastaman39
    pastaman39
    Prospect
    Participation Meter
    Joined: Oct, 2008
    Posts: 482
    Posted: Dec. 5, 2010 - 8:09 PM ET #21

    since im home and bored and already lost my game in the second quarter, i'm gonna add another game just for the heck of it.

    $100 Denver Nuggets -6

    Good luck to everyone!

    Reply

    since im home and bored and already lost my game in the second quarter, i'm gonna add another game just for the heck of it.

    $100 Denver Nuggets -6

    Good luck to everyone!

     
     
    aerojackel
    aerojackel
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    Posts: 924
    Posted: Dec. 5, 2010 - 9:48 PM ET #22

    GL with the plays - hope it goes well
    Reply
    GL with the plays - hope it goes well
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