Legend or myth?

[KingofNicotine]

 

[averageg]

Martinga has given me some motivation to continue...I'd love to have sports betting as regular supplemental income but so far I've been losing money. I need to be more disciplined with money management.

 

[The Thinker]

what if you picked your spot and chased the big dogs...

oakland and kc start tonight, you think either can win 1 out of 4?

GW

 

[Martinga]

martinga , its funny how much we have in common. minus hte fack that i dont bet near as much as you, yet. what part of canada do you live in? i was just in richmond for a week, dont no if thats anywhere near you

Toronto. Borderline to Etobicoke

 

[Martinga]

Martinga has given me some motivation to continue...I'd love to have sports betting as regular supplemental income but so far I've been losing money. I need to be more disciplined with money management.

Glad i gave you some motivation. My motivation a month back was watching people here making good money out of it. I guess its a gift that we pass on.

On the money management side, you are 100% right. I still have issues with that. For example, i mix emotions with bets. I have lost easily over 30 g's to teams that i like, or even home teams (i decided to never ever ever ever ever bet on the blue jays again.... they always fuck up in some odd way).

Also another thing i noticed is that once you lose money, its very hard to just call it a day. Sometimes i have that need to make that money i lost back, so i'll double up on some late night play. Thats a horrible habit that im also learning how to drop.

 

[Wow]

Many interesting points and thoughtful ideas.... something to ponders upon for sure....It was on the minds of most bettors. It is nice to read it out loud and know that others are thinking the same thinngs... Thank for sharing guys...BOL..

 

[Sawyer]

Atlanta Chase GM3

Braves got the 5-0 lead, enough to hedge my bet for profit :toast:

Have a great weekend everyone!

 

[roc18]

Let me tell you my story (pretty crazy)
When i turned 19 years old, i began betting by putting 100 bucks down. I slowly managed to turn those 100 bucks into 4 thousand dollars (took me several months). Within a week time i lost 2 g's and i decided to take a break (for like 4 months)

I started around a month ago with 100 bucks.

Within a week and a half i turned those 100 bucks into 1400 bucks. I cashed 800 (so i was left with 700 profit considering i "invested" 100 bucks, and 600 into the account). Within a week, i had turned those 600 into 10 g's. Another week i had 20 g's.

Just last weekend i managed to make 10 g's on saturday and 12 g's on sunday night. I had 50 856 dollars in the account (btw, if its of any interest, i use Pinnacle). I cashed 11500 bucks on Sunday and by monday afternoon the money was already in my checking account (i used instadebit to do the transaction). Monday i decided to take a day off.
Bought myself a 47 inch tv, and since monday, i have only made 2 g's (i lost and won some HUGE bets).

The thought a month ago that today i would have 50 g's with a starting bankroll of 100 bucks is beyond me. It still amazes me and im waking up every morning knowing how lucky i am (mind you im 19 years old only, live in my parents, and have little liabilities).

I have my school paid for, and have recently opened a stocks account where i'll begin diversifying all my winnings (eventually moving to real estate).

Mind you, i have a very different way of betting. Ive heard ppl say here that you are supposed to bet under 10% of your entire bankroll. At times, im betting up to 50% of my entire bankroll. I do agree its risky, but thats the way i am (plus its all profits im playing with anyways).

Its trully like a rollercoaster. Some days i start with 38 (like today) move it all the way up to 52, then sink it down to 34, and finish the night with 42.

My lucky advantage is that im currently relying on a HUGE bankroll. Meaning that i can afford to lose 10 g's, cause i'll still have another 30 g's available to play with. When you start with a small bankroll, its much harder to build up (hence why it took me a week and a half to build from 100 to 1400, yet took me only another week to build up from 600 to 10 000)

One good piece of advise i can give you is to know yourself.
Learn to control yourself and learn what your forte is.
For example, i learned my forte is live bets. Im very lucky/fortunate at live bets. Thats why i like to make my heavy plays during the games rather than before the game starts.
Another thing i do is i do tail some good cappers here (Mistermj, Venomousanction, gabbana, ACE-ACE to mention a couple) and i def play listen to what they say. To the point that if i do find myself thinking of playing a team, and find one of these cappers is playing opposite to what i was leaning to, i just stay out of the game.

I have also developed a habit to cash out whenever possible. At this pace, instadebit is only allowing me to withdraw 12 g's per week. So while i can, im doing that, keeping in mind that i do have to have at least a good 10g's on the account for me to use on more bets.

I hope that helps.

Believe me, even now, im always scared that one day pinnacle might just delete my account, and pretend never to have heard about me. But i did get those 11.5 g's on the account, so yes, it might sound like a dream, but if it is, its a very vivid one.

Oh, one last thing. I discourage friends to see this as a full time job. I mean, with 50 g's this month only, i have made the yearly salary of an average full timer here in Canada. I still have a part time job, which provides me with a STABLE income, which is very different from the "hobby income" bets are bringing me.
As much as i won a lot of money, i could lose it all in a matter of days (hence why i wanna start pulling it out and investing in several stuff)

Good luck to you and to everyone

You will lose in the long run if you continue to bet up to 50% of your bankroll at times.

 

[crazy]

Sawyer....care to explain how you are hedging these plays, yesturdays braves game and today's brave game?

Or rather re-explain this.

I haven't quit understood how you do that, but I'm always open in learning new techniqe....

Thanks

 

[MTL_Expos2003]

Yeah, what exactly is hedging bets?

 

[Sawyer]

You can hedge/middle your bets easily if you have Betfair (or game have LIVE in Matchbook).

When A team take the lead by a huge margin like 5-6 runs, odds will change dramatically. There will be guys who like to back A Team with 1,05 - 1,07 Odds. Laying a 1,05 is equal to backing 20 (+1900). Backing 1,05 is equal to laying 20 (-1900).

You got two options,

1. You can make your "risk" disappear. If your bet wins, you win the money. If they lose, you lose 0$. There' s no risk at all.

2. You can make it equal as well. No matter if they win or lose, you will win a fixed amount. If you're not sure about the outcome of the game, you can choose this option but your profit will reduce dramatically.

Let's say we placed 1,000$ on Team A. Odds are -200. If they win, we'll won 500$.

Team A gets the lead by 6 runs and now odds are changed.
You can lay Team A (it means you're backing Team B) at 1,05. So you back Team B to win at odds of 20.

When you place only 50$,

Team B wins you get 1,000$, your profit/loss is ZERO. (you get back your 1,000 stake which you placed on Team A, so you break-even)
Team A wins you get 450$ (because you placed 50 to hedge your bet)

Amazing comebacks happens a lot in baseball so hedging your bets can be a good option.