Posted:
#1
I started betting on sports 3 years ago. I was stupid and uninformed. I usually bet on favorites and public plays. I often bet on many games at one time. I lost my bankroll more than once.
I got wise over time and after hitting my under play on the Super Bowl I am back to even. It took 2 years but I have won back all the money I have lost in my early years. I now can work on making a true profit, not just a profit on my latest bankroll, or a profit for the month, but a true profit where I am winning money from the books.
I don't claim to know it all, but this has worked for me.
1. I usually only play one bet at a time
2. If I win my first bet I am done for the day, a profit for the day is enough. If I lose my first play and feel strong about another play I will try to get my first loss back, but never double my bet. If I lose that second bet, I am done for the day. If I win the second bet, which makes me even on the day, I will play a third game that I like to try and make a profit for the game.
3. There are days I have no plays. If a game doesn't fit, it doesn't fit. I don't force things just to have action.
4. When I have a hot streak I know it will end. If I have a cold streak I know that will end too. I never think I am smarter than "Vegas". They have any info I have, and much more.
5. I play my own plays. I do read the forums for info and to get a feel for what others are thinking, but I always play my own plays. Nothing worse than losing with someone else's pick while your original pick turns out to be a winner.
6. I only bet 5% of my bankroll per bet. Even this is a little to high, as I feel it should be 2.5-5% per play.
I do make a few exceptions to these rules, but not often. While there is more than one way around the barn, this has worked for me. Good luck to all!
I got wise over time and after hitting my under play on the Super Bowl I am back to even. It took 2 years but I have won back all the money I have lost in my early years. I now can work on making a true profit, not just a profit on my latest bankroll, or a profit for the month, but a true profit where I am winning money from the books.
I don't claim to know it all, but this has worked for me.
1. I usually only play one bet at a time
2. If I win my first bet I am done for the day, a profit for the day is enough. If I lose my first play and feel strong about another play I will try to get my first loss back, but never double my bet. If I lose that second bet, I am done for the day. If I win the second bet, which makes me even on the day, I will play a third game that I like to try and make a profit for the game.
3. There are days I have no plays. If a game doesn't fit, it doesn't fit. I don't force things just to have action.
4. When I have a hot streak I know it will end. If I have a cold streak I know that will end too. I never think I am smarter than "Vegas". They have any info I have, and much more.
5. I play my own plays. I do read the forums for info and to get a feel for what others are thinking, but I always play my own plays. Nothing worse than losing with someone else's pick while your original pick turns out to be a winner.
6. I only bet 5% of my bankroll per bet. Even this is a little to high, as I feel it should be 2.5-5% per play.
I do make a few exceptions to these rules, but not often. While there is more than one way around the barn, this has worked for me. Good luck to all!
0
Hot Forum Topics
