The How MUCH are you UP or DOWN for the season thread.

[Jalba]

i gotta learn to gamble with my head and stop chasing, that's the killer for me. when i just put in my picks for the day and let it right, i will come out on top in the long run. it's just that i always wants to chase when i get a loss. FUK ME!

-$600

[WildKat]

Your gonna get a lot of lyin bastards saying some crazy shit on this topic....I get caught up in that myself---I will be disciplined and bet the way Im spose to...then I will get crazy and put 500-800 on one game----and then get pissed the next day when my bankroll is gone...I win a lot more than I lose, but I get caught up in the action and it goes to hell- I have a lot of respect for guys that dont get caught up in ot and still bet x amount of their bankroll

[grzftbl]

I am down a lot more than my wife knows.

[Jalba]

wildkat, my exact problem. though i don't bet as much as you do. i am still sane at this point not to go too deep into my bank account to fund this "hobby". ya, i wish i could develop that discipline. i just did a small reload through my online book. hopefully i can stick to being strict this time around....ya right =/

[aztriman]

The best bankroll management tool is the Kelly criterion. It says to take your % advantage and use that to bet the % of your bankroll. So, let's say I hit 61% consistently, then I should bet 6% of my bankroll on a play. I personally use half of a Kelly in my trading and sportscasting to reduce variance. Don't try to get rich quick, just go for consistent small increases in your roll.

[Jalba]

ya, thats the problem for me. controlling myself and not putting in the chase bets just cause i'm mad at losing. trying to somehow develop discipline.

[Patriots Game]

At the end of the calendar yr, I was down 7%. I had 3 weeks of bad nfl losses which took me to about a 35% loss but made it back with stellar ml picks and fading Lang. I'm now at a 2% loss, fading langs picks. Hoping golf and NCAA hoops put me over the top.

I play 5% of my account currently on each wager. Sometimes 10. But now I play max 3 games a day.

[cook county capper]

1. Keep track of every bet. (You can see good patterns/especially in losses)
2. Take out profits whenever possible. (Always can put it back in)
3. Don't chase. (Ever!/Most of chases are guesses on games when down big)
4. Don't bet on the online casino. (Never a Great Idea)


I lost a lot of money 2 weeks ago, you just got to let those weeks go (I stopped betting sports Friday that week) and start fresh the next week. No one is perfect, I sure am not. We all lose games, just try to minimize the money aspect as best as possible.