When You Bet On Games....

[Victor]

Are you conservative with your money that you bet or do you just bet whatever amount and hope it hits? The reason I`m asking is I`ve seen people go broke in a matter of weeks/months by not managing there money properly. As for me I bet conservative.

[ma__89]

im conservative, i know that im not a millionaire to just drop money on what ever. if im winning, my bets slightly go up.

[Patriots Game]

The same amount. Sometimes less for examples on prop plays. Each time I bet more than my standard, I lose.

[Sweetleaf22]

Def Not,,,,conserve

[TCD619]

depends..

[tomek30]

my early days of gambling i used to chase alot, learned my lesson the hard way when lost around 20K in a matter of couple of months, now im very conservative, I try to hedge, middle games almost every time i get a chance, sometimes i think im too conservative but I leraned that in sports your bets are never safe.

[steel69]

Conservative with my on-line books. But with my bookie John (my buddy), well lets just say I hand him more envelopes than I receive.

[steel69]

Originally Posted by tomek30

my early days of gambling i used to chase alot

I've been gambling for a long time and I still chase, and probably always will. I know its bad $ management and practices, but wtf When I lose I get pissed off and want it back asap.

[darealist2]

used to chase the late games big time when i first started betting

[tigerman19]

i don't flat bet(i bet some games for more than others) but one thing that i started doing that has helped me(esp. on weekend football and basketball) is I started putting all my bets in for the day at one time in the morning. this has helped me limit my bets and not chase whether winning or losing for the day.

[TTB]

used to play everything and bet big cuz i was booking as well

now that i am married and done with all of that i just play mlb.......built up bankroll to 9 k and will keep the pedal to the metal for the most part until I burn it up

[Romanowski]

ideally you use the kelly criterion http://en.wikipedia.org/wiki/Kelly_criterion

to determine how much to bet on any particular event, basically the bigger the edge the more you bet

but if you dont have have a lot of statistical data to determine your edge

just flat bet or 1-5% of your bankroll on one event

[nrc85]

I use a chase system, but only bet to a max. of 6%. I bet every teams home game, start out with .001 %, this is your base... than chase until you can no longer bet. If you go over your 6% bet than the divide most of it among the rest of the teams and earn it back that way.

[TCD619]

Originally Posted by steel69

I've been gambling for a long time and I still chase, and probably always will. I know its bad $ management and practices, but wtf When I lose I get pissed off and want it back asap.

TRUE! agree 1000000% w/u

[Deck]

i keep a fund that the wife does not know about. then i use money management. only will bet a certain amount of games i love then less and so on. worked pretty well so far