And you can create the same "rollover" with that little money, too? Usually pretty much any other investment form requires you to have a much larger bankroll: F.e. investing in whatever, if I have 20k, I can invest these 20k and they're stuck in that investment for let's say 1year.
Betting (or playing poker), I can easily take a 20k bankroll and after 1 year have a volume of >1mio. in bets made. So my return usually is way higher betting/playing poker (assuming I'm a winning player).
So in case you're a winning player, not foolish at all.
In case you're losing, imo it's a pretty easy decision: Do you see it as a form of entertainment? If you don't, it's foolish....if it's entertainment, it only depends if you deem the amount lost worthy for the excitement/entertainment you get in return.
This is the hardest pat of this hobby, there are so many types of gamblers,, I am one of the gamblers here, I dont work bonus' I am just trying to find the best 1-2 plays a day,,, so for me the METAMORPHISIS has been monolithic! lol,, hedging, and bonus whoreing, Middleing, those are skills that I jsut barely use, so I even hesitate to mention, (those that posess those skills will be in this for the long haul)
those that are gamblers have a rough road.(me) money management is the key.
tater
those that are gamblers have a rough road.(me) money management is the key.
tater
I don't agree with the fact that gambling is somewhat stupid. I'm a gambler by nature, and I don't see anything wrong with that. Of course, gambling is always risky, but if you think through every step, you can make good money on it. Thanks to the fact that I place bets at sbowin, I have gained invaluable experience. Due to high coefficients, I have a stable and high profit. How can making a good profit be bad? It's just that some people don't understand what they're talking about and jump to conclusions. I have never had any problems with payments or any cheating. Everything happens on time and honestly. I fully support gambling and see it as just another way to earn extra money.
I think the OP has answered this question himself - as I recall he did pretty well for himself last year in CFB
I recently had a friend introduce me to another friend as a professional gambler - which i took exception to , I told prefer the term sports handicapper . The term gambler has a certain element or reckless to it, I feel a measured approached with good money management can help one be successful in the long run.
Establish a system for making plays - Mine is a combination of line reading, stat analysis (use a mix of historical & current handicap data) & public perception
Apply a 1-5* unit rating system to plays - I bet primarily Hockey , Baseball and Football.....b/c of the volume of games my baseball unit is $50 - My Hockey Unit is $100 and my Football unit is $250
Avoid the main stream media & posting boards for info when researching your plays
Track the results of your plays - Reflect and review constantly to insure you know your system strength and weaknesses.
Follow the 5 golden Dont's
I recently had a friend introduce me to another friend as a professional gambler - which i took exception to , I told prefer the term sports handicapper . The term gambler has a certain element or reckless to it, I feel a measured approached with good money management can help one be successful in the long run.
Establish a system for making plays - Mine is a combination of line reading, stat analysis (use a mix of historical & current handicap data) & public perception
Apply a 1-5* unit rating system to plays - I bet primarily Hockey , Baseball and Football.....b/c of the volume of games my baseball unit is $50 - My Hockey Unit is $100 and my Football unit is $250
Avoid the main stream media & posting boards for info when researching your plays
Track the results of your plays - Reflect and review constantly to insure you know your system strength and weaknesses.
Follow the 5 golden Dont's
Follow the 5 Golden Dont's
* Don't Chase
* Don't Parlay
* Don't bet when drinking
* Don't bet on your FAV team or with your heart
* Don't bet what you cant loose.
There are a few things that I constantly remind myself
Avoid Confirmation Bias - Which is being drawn to evidence that suggest you are making the right choice why disregarding evidence that suggests other wise
Avoid Anchoring - relying on the 1st piece of Info offered on a potential play
Avoid Recency Bias - what you observed in a game may not carry over to the next game, Professional Athletes are all Alpha Males they have pride and a desire to compete, All leagues are competitive and equal
Beware of College sports "the kids" are not pros and can become discouraged, make mistakes or easily be out matched by a superior athlete on the other side of the ball.
In conclusion this may seem like a lot - and it is to take money at betting sports it takes Discipline and Focus . Some might say that takes the fun out of betting, it can but dont tell my bank roll that.
Lastly here are few tips....
Limit your plays - Its hard to achieve a greater than 55% win %, a high volume of plays makes it harder
Focus on Dogs and Unders - the lines are usually juiced towards FAVS and Overs
Focus on Early Season under Dogs - while the odds maker is still adjusting his opinion of teams
Read local media reports or information from local cappers
If it seems to good to be true lay off especially if the public is heavy on one side
* Don't Chase
* Don't Parlay
* Don't bet when drinking
* Don't bet on your FAV team or with your heart
* Don't bet what you cant loose.
There are a few things that I constantly remind myself
Avoid Confirmation Bias - Which is being drawn to evidence that suggest you are making the right choice why disregarding evidence that suggests other wise
Avoid Anchoring - relying on the 1st piece of Info offered on a potential play
Avoid Recency Bias - what you observed in a game may not carry over to the next game, Professional Athletes are all Alpha Males they have pride and a desire to compete, All leagues are competitive and equal
Beware of College sports "the kids" are not pros and can become discouraged, make mistakes or easily be out matched by a superior athlete on the other side of the ball.
In conclusion this may seem like a lot - and it is to take money at betting sports it takes Discipline and Focus . Some might say that takes the fun out of betting, it can but dont tell my bank roll that.
Lastly here are few tips....
Limit your plays - Its hard to achieve a greater than 55% win %, a high volume of plays makes it harder
Focus on Dogs and Unders - the lines are usually juiced towards FAVS and Overs
Focus on Early Season under Dogs - while the odds maker is still adjusting his opinion of teams
Read local media reports or information from local cappers
If it seems to good to be true lay off especially if the public is heavy on one side
