Robin Hoods: PLAY OF THE DAY

So you triple posted to apologize for double posting? haha

Thanks guys and thanks for that long message bronx dude. I too am a New York boy for three quarters of the year but I lease a condo for four months in Vegas every year when it gets too damn cold here.

Glad that you enjoyed my post and I enjoyed reading yours. The truth is that you CAN make a living off of sports gambling. Unfortunately, you either have to be young without much commitment and expenses or a single bachelor (atleast when you're starting up). You need those years of experience to teach you the ins-and-outs of sports gambling and you need to learn from your negative experiences, bad judgement and greed. We are all human so if our mind is not in the proper state when analysing the games or when analysing our bankrolls and what we want to achieve then greed will eventually get ahold of you and all those years of hard work and building your bankroll can be lost in a second. I met a couple in Vegas who won the lottery, 8 million dollars. The husband told me that he had been an excellent handicapper winning over 60% of his picks he imagined over the course of three years (after winning the lottery) but lost more than half of that 8 million to the sportsbook. Why? Greed took over. You could win 50 games in a row betting 100$ each and you find yourself +5000$. You think to yourself, hey I didn't have this money to begin with and so you decide to risk 500$ on the next game. You lose and your mindstate changes, human nature takes over and you find yourself betting 1000$ on the next game and then again and then again and next thing you know it you lose 6 six games in a row and now find yourself down over 1000$ (even though you finished 50-8). This is a RARE example, but I am just trying to show you what happens to 80% of sports gamblers at one point in their life (just once if they're lucky).

This has happened to me countless times. I once found myself up 2000$ in blackjack ... three minutes later I found myself negative that 2000$ and negative another 1500$ thinking to myself, why the fuck didn't I stop at +$2000? THAT right there is our problem. We put this money into our sportsbooks at first with no approach, no guidelines, no money management, no goals and we don't think to ourselves if I profit this much money i'll stop (well if we do, we don't stop once we reach that goal thats for sure as we're now cocky).

You CAN win off handicapping and you CAN live off of handicapping. It "technically" took me 13 years to learn discipline and really be able to see the big picture. I too was a dumb young kid like you mentioned, with no idea what I wanted with my life let alone with what I wanted to accomplish when I first put my money in my account.

You should NOT be risking more than 4% of your bankroll on a wager and unfortunately most people are risking $100 - $200 when they have bankrolls of $1000 - $2000. You shouldn't be making more than 10 wagers in a week either. If you are risking 10% of your bankroll and make 20 wagers in a week then you're risking 2X your bankroll every week. Most will get by for a while, maybe even building a nice little bankroll, but those horrible weeks will come and they'll find themselves down to half their bankroll or something and they figure I might as well risk all of it and try to double back-up to my starting bankroll.

I see some of these other posters who have 6-7-8 wagers per day and there is no doubt in my mind that half these people are in their teens and not risking a cent on these games (maybe making parlays or something) .. but NOBODY can win over the longevity of a year or two or ten with that kind of nonsense.

Sorry for the rant but I am so sick of seeing people putting their money into these sportsbooks with no idea what they're doing and I am here to try and help those people just starting up so that they don't make the same mistakes I made and the same mistakes that 100% of sports gamblers have made at one point in their careers.

Take it easy guys, bet within your budget and look long term. Nice win by Nevada on Saturday to put my posting record at 1-0. Let's go San Francisco.

. Cassell is alot better than smith. 49ers rough on the road. chiefs ml here, but gl...

Money Management Question?

I have been following the same method for a few years. I play 1 maybe 2 plays a day but no more than 10 plays a week. What I do is risk 2.5% of my bankroll on each play. The only thing is I change my risk amout on each play due to my changing bankroll.

Do you think this is a smart method?

It believe it helps if you go on a little winning streak.

Robin Hood, I like your strategy.  What is your best sport?

My best sports are CFB, CBK and MLB.

When I make selections on the NBA, NFL and NHL I am heavily influenced from one of my good friends who specializes in those sports. He's been handicapping for a shorter period of time than me but really knows his shit when it comes to the mainstream sports and the big-name games.

He goes by the name of John Henderson, so it's only fitting I call him Little John. haha. He has a little bit different of an approach than me.

I make one wager per day, 7 per week and 350 total per year.

He makes two wagers per day, 10 per week (takes 2 days off per week) and 500 total per year.

Different strategies but we both flat-bet our wagers for 2.5% of our starting bankrolls  and both profit enough each year to pay our bills .. which just goes to show that you CAN make money and live off your handicapping you just need years of experience and the patience to stick to your money management plan.

GL