I'm out of money by Friday
lumpy19
Senior Member
Happens every year, doesn't matter what my bankroll is...September is brutal. MLB, CFB, NFL, WNBA(this year).....and it's the only month where all MLB futures and all NFL futures are pending.
Maybe I'm not managing my money properly but I just can't seem to get it right in September.
Does anyone else have this problem?
Maybe I'm not managing my money properly but I just can't seem to get it right in September.
Does anyone else have this problem?
Comments
Much better advice, re: Fezzik. Don't play his stuff at all.
Just because a game is irrelevant to one or both teams, it is not necessarily a bad betting opportunity. I do well on NFL exhibition for example. It's not bad, just different.
I believe Sept Baseball has ruined many a B/R and I didn't say anything about NFL Exhibition. Spring Training Base Ball and NFL Exhibition are completely different and it's just MO anyway. But betting two baseball teams that are playing to see what they have for next year with a 40 man roster it's not for me. I've been gambling over 50 years and you know I'm still around and gamble everyday well almost every day and still living a very decent life. I do pass once in a while.
So to each his own and the best of luck moving forward.
wut
The title says I'm out of money by Friday. Maybe Broke was the wrong word but it doesn't sound like he's flush.
You already know my answer. Along those lines, I would strongly consider that you define your BR. I have to assume you're not over-betting to the point that you'd go broke in a severe downswing (since it seemed that you experienced one earlier this baseball season), but without a set BR, I have no idea how you go about bet-sizing. This is also likely why your mind was blown when you ran the numbers.
If you want to be prudent about your bankroll management, you really need to sit down and do some analysis, much like you would with an overall budget.
I meant put a cap on my money.
Thats the problem, how do I define my bank roll. Plus, I know I have very little discipline, when I get pissed I bet bigger and so on. I've been gambling pretty much daily since 2001 though and have never been close to bust. I have tried to not bet and watch a game and my interest just wains quickly. If I dont bet on a particular game my interest in it just isnt there. Thats why when speaking with friends I often say that sports betting has ruined sports for me. The only days I have taken off where when I got married and my honeymoon, other than that, I've bet on something every day.
You might try what a lot of us do-- bet the games you're going to watch in a TV parlay (another word for trash parlay)-- go through the schedule and make your straight bets, and then take teams that you kind of like, or TV games , and bet a small money 4 teamer, or 6 teamer. I find I root harder for these parlays (even though I know I'll probably tear up the ticket) just because of the win-a-lumberyard-with-a-toothpick factor. I don't sweat my straight bets because I figure I'll cash enough to make a profit. I figure I would have spent this money going out on a Saturday-- instead it's spent on Trash bets. Rooting interest.
Out of the 148 plays Ive made since 09/01/12 20 of them have been teasers or parlays... wanna guess my record on them.... 0-20 for -3,254.42... LOL. Found that fact out this morning and I vowed to restrict parlay/teaser limit to 50 dollars max to cap the losses because I know i can't just cut them out as like you, I always root for the lumberyard/toothpick picks. Its a learning process and this weekend I am going to try to define a set amount for betting and see what number I can come up with.
As I've mentioned several times over the years, I personally like Stanford Wong's definition of bankroll, which is basically "The amount that, if lost, would cause you to quit gambling forever."
You should look at gambling like a business. Say you open a store/restaurant (which I've never done, so excuse me if my analogy isn't perfect). I would assume you should have $X amount budgeted to sustain the business until it becomes profitable, but at some point, if it is losing money, you have to be prepared to close up shop. The same would apply to gambling.
I'm far better at playing patient than shrink, but to address your more psychological issues...
As far as being undisciplined, you've already identified it as a weakness, so that's the first step. It's likely easier said than done, especially after a decade, but you just need to find a way to work on it. If you're able to define your bankroll and create a business plan of sorts, maybe that will help keep you from going on tilt.
As far as gambling having ruined sports for you, I can relate, but in a slightly different way. Because this has been my primary source of income for so long, I also have lost interest in most sports as a fan. Unlike you, however, I would never bet on a game just to give me a viewing interest. Outside of the NFL, the only remaining league I still enjoy as a fan, the only time I'll even watch a regular season game is if I happen to have money on it... and even then it will usually only be if I have nothing better to do. I don't mean to sound corny, but I'd rather be spending time with my wife doing just about anything than watching a random MLB or CFB game. Again, likely easier said than done after a decade, but you just need to work on not betting purely for the sake of betting (if that's what you want to do). Since I'm not a shrink and truly more likely in need of one than to pretend to be one, I'm not sure what to suggest. This isn't meant to be judgmental or condescending, but perhaps you need to find something to take the place of watching/betting on so many games. If you have no interest in watching a game without betting it, then don't watch it, find something else to do.
I realize I got a little long-winded, which I tend to do, so if I took things too far, wound up boring you, or was in any way unhelpful, my apologies.
0-20. Ave loss/bet= $162. Perhaps you missed my statement-- bet SMALL money. Regardless of your normal bet size, I would suggest that parlays be for $100 or less. What you lose on parlays shouldn't be dragging down your winnings for the day/week too much. If you can't get a rooting interest with a small bet amount, then Goats is right-- you should give up the parlay betting.
While I agree I'm not flush.....my point was that my entire bankroll is in play by friday. Weekend happens and it starts all over again, it's strictly September, that's the only month I have a problem but it's every September no matter what my bankroll.
Very well said Goats,
Life and money will pass you bye if you have to watch and bet every game that's on TV. I know you heard this before but it's Money management, Discipline and patience. If there was only one thing to learn from any kind of gambling is yesterday's losses are just that yesterdays losses leave it alone. $100 bettor goes 0-5 and loses $550 for the day the next day you like two or three games you bet them for a $100 even though you know if I go 3-0 I'm still stuck $250 that's where the patience comes in.
That's hardest part of gambling every day is that you think you have to recoup all of yesterday's loses the next day or that night.
Monday Night Football the greatest invention for the books since the wheel. Then Sunday night football came along and now you get two games on some Mondays Great Just Great. For the books. Take a $100 bettor and he becomes a $300 bettor that night and then a $500 bettor that Monday.