note to double down

buddy

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Nov 21, 2000
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Pittsburgh, Pa.
I glanced at your profile and I'm gonna' try to help you. First, you must understand there is a big difference between hitting a losing streak and calling yourself a loser.

If you are calling yourself a loser, I know that you are losing more money than you can afford. THAT IS A BIG RED FLAG.

STOP BETTING. AND I MEAN STOP.

Notice I didn't say quit. I said stop.

If you are out $1000, get on your knees and give thanks that you are not out $2000. Same applies for being out $10,000 or $50,000.

The first thing that needs to be addressed is money management.

Do you bet with a local or an offshore? What's the difference? Some locals have a $50 minimum. I have an offshore that has a $5 minimum. You might think, "Five dollars? Why bother?" Three weeks ago, in college football, I know a guy that hit (4) $5/ 10 team/ 7 point teasers. He invested $20 and made $440 profit. Can you afford to lose $20 on a football Saturday? Sure. Most of us can. Can you afford to lose $440? I damn sure can't.

I am a firm believer in "minimal exposure of your bankroll and conservative wagering." Why? Because I hate losing more than I enjoy winning (figure that one out).

If I'm testing out a new handicapping method, system, angle, etc, I am not gonna bet $100 to see if it works. If I could bet fifty cents, that would be my wager. Unfortunately, my offshore has a $5 minimum wager, so I make a face and bet $5. Could I bet more than $5? Sure, I could.

Last night, you mentioned that you fall for games that look so easy. Stronger team and soft line vs. weaker opponent. You have to take some time off and do some thinking. Before you even think of putting a penny on a game, look at the card, pick out a game/situation or two that has trapped you in the past and start asking questions like you did last night (look at the replies you received! And I'm still blabbin').

There is a lot of good help in this forum. There are very seasoned bettors here that will be willing to offer their opinions. But you need to ask the question.

You also have to understand that this is cyberspace. We are all hiding behind the internet. So, you don't really know if you're listening to someone who really knows what they're talking about or the village idiot. Be careful, here.

Remember when I said that Las Vegas is not in the business of handing out gifts? Let's take last night's game that did you in...west virginia -4' vs. JMADISON.

Question #1. To you, why did that line appear to be so "soft"?

I'll tell you why...

WEST VIRGINIA

11/16...NC ASHEVILLE...83-75 (WIN)
11/23...SO. MISS.......66--5 (WIN)
11/24...@ new mexico...88-85 (WIN)
12/1....ARK-MNTCELLO...105-73 (WIN)

(I don't have the closing lines for these games, so I don't know the ATS results which is also very important. But nonetheless, WVA won 4 games in a row. In your opinion, based on the above record, would you say WVA "has value" or "has no value"?)

JAMES MADISON

11/20...@nc state.....58-75.....(LOSE)
11/24...GRDNR WEBB....85-67.....(WIN)
12/1....DREXEL........58-71.....(LOSE)

So, what does this tell us? JMAD lost to NC state, a pretty good team. No shame there. Then, JMAD beats Gardner Webb (sounds like a farmer!). I don't know anything about Gardner Webb. That's a fact. Then, JMAD loses to Drexel by 13. This could be a key handicapping piece of info. What do we know about Drexel? I don't know anything. But, if JMAD was only getting 4' from a team like West Virginia that has just won 4 in-a-row, I'd bet a $10 bill that Drexel was pretty damn good. Is there shame in losing to a good team on your home court? None. Is there shame in losing to a bad team on your home court. Yes, there is.

In my opinion, I would say James Madison's game against Drexel was the key factor in handicapping this game. In addition, a road favorite that has just won 4-in-a-row is another thing to keep an eye on. Las Vegas is not looking at the win streak. I think they are looking at the how many points they covered by in each of those 4 games. For example, let's assume that West Virginia (in their last 4 games) covered the spread by +2, +4, +6, +8.

Then let's assume, that West Virginia (in their last 4 games) covered the spread by +8, +6, +4, +2.

Do you see the difference? One scenario shows a team "losing value" and the other scenario shows a team "gaining value".

There are many ways to determine a team's value. This, imo, is one of them.

I think you jumped on West Virginia because they won 4 in-a-row and were then playing a team that had just lost to Drexel, a team most of us know nothing about. If you research Drexel, I think you'll find that they're a pretty decent team.

A few years ago, during March Madness, South Carolina was the #1 seed in the East. They were awesome. They made it to the sweet 16. They were a 21 point favorite against Coppin State. For those who knew nothing about Coppin State, they damn sure knew who Coppin State was when that game was over. Coppin State beat South Carolina outright.

If it looks to good to be true, there's a good reason why it appears that way.
 

BAINS

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Nov 13, 2001
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Nepean, ottawa, canada
Good points, money management is the key to success. If I pay my book I pay him the minimum just over my cap and when I collect it's usually 3 to 6 times what I pay. The key is minimizing your losses and maximizing your winnings. I knew these 2 brothers who used to win in NBA, they had a streak of like 16 weeks in a row where they collected, and they let it get to their head. Now they are retired and don't play NBA because they lost what they won and much $$$$$. Never get in over your head, and NEVER take it for granted when you win because anybody can catch a cold streak.
 
D

double down

Guest
Wow!! Thanks for taking the time...your thoughts are appreciated....I agree with all you said...its just that I have always felt if I see a game I really like...I pound it...if I get burned...I go back to my regular wager...if I win...I go back to my regular wager...it usually works out for me.

On these home dogs (too good to be true games)....I really don't know if I will ever figure it out...it just pisses me off when I lose them...and always ticks me off when go against the better team and pass up the easy winner....Thanks again
 

Frogy

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Nov 26, 2000
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Quebec, Canada
Buddy.
I was looking for your post of the day 'cose i wanted to say tx for that nice and wise reply to the topic "man i'm struggling..." and just wanted to be sure you got those tx.

Well all i can say is even more tx to you.
Many more must be taking advantage of this
great stuff always good to be reminded of all those points
tx
 

Night Owl

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Sep 4, 2001
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Bremerton, WA
I'm glad I visit this great site every day. I have been betting on sports for not quite even a year and a half yet and am learning a ton of new things practically every single day. Most of that new info comes right here in these forums, particularily the pointers about money management, self-discpline and knowing how to be a good loser. I've come to fully realize that starting out in the sports gambling world with only GENERAL sports knowledge probably isn't going to cut it for very long, so I want to say thanks to Buddy and everybody else for their informative and helpful posts. To me, the biggest key is to always LEARN as much as you can from the mistakes you make and pull back the reigns every now and again. I've also finally got it through my head now that the key is WINNING. Period! No shame in winning a small amount....you don't always have to "GO BIG"....a thought I personally believe can help anybody in the long run. Thanks again.

Night Owl
 

BAINS

Registered User
Forum Member
Nov 13, 2001
287
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Nepean, ottawa, canada
Stick by this rule and you'll do fine. When your HOT HOT and your up with your bookie increase bets so bet more, and when your COLD DECREASE YOUR BETS TO MINIMIZE LOSSES> Abide by this rule and your chance of making $$$$ is good.
 

iahawk06

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Forum Member
Nov 14, 2000
325
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Sioux City,IA
Thats all I do is bet 5 dolloar bets, In Hoops , I'll make 2 plays a night (when there are alot of games), I'll make a 5 game parley , place 5 bucks on it and win $200 and I'll make an 8team 5pt teaser, place 5 bucks for $50 bucks and If I hit that I'm happy
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, I try to pick the 5 best games on the board and the 8 for the teaser. I hate so much when I lose that $5 bet, I just can't imagine throwing $100, $50,or $25 on it and loseing, then I guess I would be even more angry. What frusterateing is I usually come up 1 game short..always seems to be one team that screws me..like West Virgina last night, Iowa the night before, and so on. I need to find 1 or 2 people to coat tail and go from there. I also know that parleys isn't reallt the way to go..but I am addicted to parleys , I guess, but they are fun and I look at it this way, I lose $50 bucks a week,another $20 on Sat, and it's a lot more funner then loseing $100 bucks on 1 game
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. Hopefully this board will get hot again, because I am takeing the week off makeing bets and just watching and makeing my own fake bets..no watch..I 'll hit them all and be pissed because I put no money on them
smile.gif


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GO HAWKS!
iahawk06
 
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