Are you up or down lifetime in gambling?.

[neverstop]

Yeah, Ivan stay away from those THUG teams like the Blazers. No need to throw any kind of catastrophic money on those homies. I'm sure you got another run left in ya like you did in the 2002 nba playoffs.

 

[Pretending]

Sick G: Interesting thread, especially the questions regarding regret, etc.

I'm 40 now (have a son in fact who's 8) and I'm winning more than losing these last few years but it is more for fun.

I spent a great deal of money and a great deal of time betting horses in my 20's, but I learned a great deal about myself, discipline and money management...all the hard way. I guess the greatest lesson I learned was that I really enjoy the sport and I should have fun at the track first and make wagering incidental...keep it fun win or lose. It really is a beautiful sport.

The most profitable lesson I have taken from gambling sports is identifying patterns of how I (and others) lose and getting off that track asap; never be unwilling to disregard your own conviction - never think you really know anything, because it is too dangerous. My hobby nowadays is looking for a loser and then going the other way (sometimes it is me, to be fair). One good one is identifying the 'ol falling off of the high horse, if you know what I mean. I would speculate we have all taken our hardest hits after being especially proud over an especially good run. I love meat-heads rattling off their expert analysis and looking for the reasons to go against and I love when there is a strong consensus one direction, but the money is not backing it up. They are on the TV, on the forums, in the barber shop etc. They are in the back of your own mind.

Nobody is ever really that good at this game, in my estimation. But some of us are unbelievably bad ...and therein lies the real genius.

Thanks also for the thread the other day about players vs. bookies and the insight within re analyzing lines without knowledge of the team or sport, etc. good stuff.

 

[Jazz]

Patriot: lol, well, all I can say is S&M betting has been berry, berry good to me - straight gambling is in my now-distant past

 

[stealth]

OVERALL - DOWN!

 

[PatrickMcIrish]

Good post Pretending. A lot of people who set out to fool the world end up only fooling themselves.

 

[Railbird]

If someone lost 15K in 1985 and won 19K in 2003, they are not up 4K, they are down 4K becasue of inflation.

 

[harrington]

The last ten years way up, the first twenty years way down. You do the math.

 

[Fishhead]

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Railbird:
If someone lost 15K in 1985 and won 19K in 2003, they are not up 4K, they are down 4K becasue of inflation.<HR></BLOCKQUOTE>

ok

 

[Railbird]

also if you win 100K and have 200K in health care promblems you are down 100K. The Truth of the matter is nobody is up jack squat, the money doesnt belong to us, all things belong to God.

 

[harrington]

Hey Rail put the weed down and go to bed

 

[lakerfan]

Am up, but I by no means think gambling is easy. The most beatable of areas like Sports and even Poker can be a bitch. More trouble then it is worth if you don't love the handicapping/playing aspect of it.

Sports Betting: Slightly Up
Poker: Up
Horses: Down
Casino: Down. Am lucky that I was unlucky the first 5 or so casino visits I had. I was playing small, but quickly figured out that I hated losing especially when I had the worst of it. Now I just play craps really small to kill time and hang out when not playing poker.

Good topic Sick

 

[miaplus3]

havn't read the posts, but i can tell you 90% of the posters are down lifetime.
And thats a conservative estimate.
That's just the nature of this beast.
To all the ten percent'ers my hat's off to ya