Money Management

Cie

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Losing the under in this game will be as a bad of a beat as it gets, and is proof positive that money management is crucial. You can handicap a game perfectly, yet have it all blow up in your face over an absolute special teams meltdown.
 

King69

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Losing the under in this game will be as a bad of a beat as it gets, and is proof positive that money management is crucial. You can handicap a game perfectly, yet have it all blow up in your face over an absolute special teams meltdown.

This is not a bad beat...
A bad beat is your under in play until 1 min when a hailmary TD scores or a pick 6.
 

LetItRide1033

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This is not a bad beat...
A bad beat is your under in play until 1 min when a hailmary TD scores or a pick 6.

a blocked punt and blocked FG for a td within 5 minutes of each other is a bad beat.
 

Trampled Underfoot

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Losing the under in this game will be as a bad of a beat as it gets, and is proof positive that money management is crucial. You can handicap a game perfectly, yet have it all blow up in your face over an absolute special teams meltdown.

Very good post. This never gets discussed on this board, but i'm sure its why 99% of people on here are losers at sports gambling.

Of course that goes for all gamblers. Not just the ones on this board.
 

Trampled Underfoot

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So what do you guys use for money management? I play very few plays and a standard play for me is 2% of my bankroll. Very rarely will I go to 3 or 4%. That would be a top play though. Every few months I will resize my unit size. Sticking to a unit size of 2% will keep you in play a long long time. Even if you are shit handicapper money management will keep you in play. Oh yeah and no parlays.
 

bulldog

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had the under tonight and did not think it was as a bad beat. a bad beat is tenn/denver under 43 1/2.

denver kicks fg with 23 seconds left to go up 10-7. halftime without a big return you think. tn returns to 22 with 17 secons left. 3 plays later kick a fg from 55 to tie at 10-10.still looking good on under as should have been 10-7 at half.

2nd half
denver drives and gets a fg. kicks off and tenn returns fo td. tenn kicks off and denver returns 65 kick 65 yrs. does not make a first down and scores 3 points on long fg.

under 2;00 to play tenn leading 20-16 looking like a lock. denver scores td with with under 1:30 to play. just keep tenn from scoring td and should win. denver kicks off and tenn fumbles at their 17.
denver either needs to get a first down or run out clock. ends up kicking a field goal with 28 seconds to go to win 26-20 for a under loser by 2 1/2 points and 4 different 4 team parlays for me.

boy does my ass hurt.
 

Bennymac17

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Losing the under in this game will be as a bad of a beat as it gets, and is proof positive that money management is crucial. You can handicap a game perfectly, yet have it all blow up in your face over an absolute special teams meltdown.

Well said. By far the toughest part about gambling. I had a bad beat yesterday in a 13 pt teaser where I had Green Bay -2.5, and the other 4 covered. First thought I had was to double down on what I thought was an easy over last night (joke of a game). You could see how my bankroll would have quickly disappeared. There is nothing more important than discipline and solid money management.

:toast:
 

cavy1

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sorry about the bad beat. I am pretty sure Pats games have gone over in all thier games this year. I have been playing the over every week until thier defense shows up.
 

Cie

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I played a single unit on this game, thus no big deal. My post was not made to complain about a loss, rather I felt it was a good time to post something that is not often discussed.

While I consider myself a solid football handicapper, I have not practiced sound money management. I recently ran into a MM isssue in ncaafb, and I nearly stopped playing for the rest of the season because of it. Money management awareness is clutch. In particular, I was referring to not playing too heavy on a single wager.

I am also thinking of sticking to playing 2 units per play going forward, but am going to do some research before making these changes.

Are there any books on money management that any of you would recommend?
 

StevieD

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I truly believe this is the secret. How anybody can Handicap the NFL is beyond me. I know a lot of people do not like this guy but John Patrick has a book on it.
 

BobbyBlueChip

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Are there any books on money management that any of you would recommend?

You've got it figured out, but. . . if you've got a stop-loss, then that's your bankroll and anything over a unit is more than 5% of your bankroll is too aggressive and 10-12 plays out at once is too much.

So, if I was you, I'd either . . .

  1. Raise the bankroll (may not be possible)
  2. Lower the percentage on a play (may not be desirable)
  3. Play less games (would change the way you play)
 
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