Knowing what to do and doing it is the answer to this negative side of gambling.
. Consider playing fewer days a week or month. This is a death play when drowning in a losing streak. Losing streaks take a toll on the gambler’s stake and also on their confidence. How it is dealt with will determine how seriously the affect is on the gambler. No trend will stay in play forever, however the losing streaks are a part of gambling and must be addressed by each player. Cut back your play is the correct move in these circumstances.
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Surviving a losing streak is one of the most difficult situations any gambler can experience and hopefully overcome. Consider playing a different game or level of a game. It is this double dose of negativity that makes a losing streak so hard to deal with.
One way to survive is to just stop playing for a while. Cut back on the size of your bets and the number of bets you make. Change what you are doing, but remember “cut back ” is the operative words of strategy. Another element of play should be immediately put into play. Losing sessions can follow winning gaming sessions. This where staying on an even keel as to confidence comes into play.
Gambling cycles like all components in life. Hands that have been losing at black jack suddenly start holding up or the dealer breaks on hands that previously were killing you. Do not make the most serious mistake a gambler caught up in this situation can do and make larger wagers in hopes of getting even sooner. The biggest problem with any losing streak is the gambler does not know when it will end, but knows that it will end. The run of bad luck is coming to an end when you make a needed river card or hit a series of place bets on a dice table. It will happen to each player. When the streak ends, the run of wins can be remarkable and being ready to take advantage of this turn for the best is the difference between an experience gambler and a novice. If you are a parlay player consider making smaller parlays or none at all for a period of time. This will work, but if gambling is a major part of your life, this is hard to do
Whichever group you fall into, sports wagering must be treated the same as any other financial investment. If you’re serious about winning more bets than you lose, you should listen to a professional.
Whether you’re a recreational player or actually doing it solely for a profit, may you always have more winners than losers, and always remember to have a lot of fun along the way, but stick to the rules. Drugs (legal or otherwise) and alcohol can cloud your judgment and will lead you into making decisions that you normally wouldn’t make. It’s a proposition for losers only, so don’t do it. Watching ESPN and/or reading opinionated articles by sports writers on the Internet is not the proper way to do your homework. For example, if you live in California and become an expert on the PAC 10, you can increase your chances of winning by focusing on just your niche. Then, before making your wager(s), check each book and always take the best number on your particular event. Since you’re reading this, you’re probably part of that majority. If it were really possible for anyone to consistently pick 3 out of 3, parlays (and teasers) wouldn’t be offered by the sports books. Unexplainably, wins and losses often times run in streaks, so slowly increase your bets on a hot streak and back off on cold streaks. The payoff odds and point spreads are not carved in stone throughout the industry, and on any given day, they can vary greatly between different shops. To be done properly (and profitably), here are some very crucial rules one must follow. If you’re on medication, drugs, or alcohol, or if you’re just in an upset or disturbed mood, be smart and don’t play until you’re back to 100%. If you’re winning, the 2% per wager automatically increases as your bankroll increases.
. Research several sports books thoroughly and compare the numbers. If you set aside $1,000 for gambling, your individual bets should be in the $20 range and no more.
Rule #6 – Seek a Professional – There is a wealth of valuable information available on the Internet but you have to take the time to do proper and thorough research. Conversely, if you’re on a losing streak and the bankroll goes down, the size of your bets will decrease accordingly. Over the course of a year, that ½, 1, or even 2 point difference will come into play many times, and trust me…it will add up to a lot of money.
Rule #4 – DO NOT Play Parlays or Teasers – Parlays, teasers, and other exotic wagers are offered for a reason. After checking several well-established and solid options, decide on 2 or 3 of them, and then divide and deposit your initial bankroll equally amongst each one. If you bet 3 teams straight action and only win 2 of the 3, you’ve just made money. Stick to straight action only.
Rule #1 – Use Proper Money Management – This rule is the one that is most neglected and explains why Vegas keeps on building all of those multi-billion dollar casinos. If you’re sick, you go see a doctor. Never wager more than you can afford to lose, so be honest with yourself on what you can comfortably set aside for recreation or otherwise. Yes, you can bet a 3-team parlay, and if you win, it normally pays in the vicinity of 6 to 1 in football and basketball.
People all over the world love to bet on sports. Rule #2 – Never Gamble Under the Influence – To coin a phrase, “Speak when you’re drunk and you’ll probably make the biggest speech you’ll ever live to regret.” The same sensible theory applies to betting on sports. Hook them all together in a parlay and you must win all 3, or you’re sunk. If betting on sports is more than just a recreational pastime, or if you just don’t have the time or resources for Rule #5, seriously consider employing the services of a professional sports handicapper. Stick with 2% and never double up and chase lost money.
Rule #3 – Spend Some Time Shopping – This can be compared to shopping for a new car or even for groceries. To be successful at anything, your mind needs to be 100% clear and functional. That gives you an automatic advantage over the bookie, so use it to the fullest extent. However, there is an elite third group out there who bet sports with one and only one purpose in mind…to make money. While some do it just for recreation or to make watching a TV game more exciting, there are others who will always wager on their favorite team or player, period. Always look for the best prices or the best numbers. One of the best ways to win at sports wagering is to maybe find your own special niche and then follow it closely. Secondly, never wager more than 2% of your total bankroll on any single wager. Most people just don’t have the time to properly study things like past statistics, line moves, trends, angles, valuable lines, inflated numbers, and much, much more.
Rule #5 – Perform Due Diligence – As a bettor, you normally have the opportunity to do research well in advance of having to make that final decision on a wager
In May, seven former football and men’s basketball players at the University of Toledo were charged in alleged point-shaving scheme.
“I applaud the NCAA for coming to a commonsense conclusion that preserves Montana’s right to host playoff and tournament games,” Montana Attorney General Steve Bullock said in a statement. “As a state, Montana wholeheartedly supports its student athletes. Jack Markell, issued a statement late Thursday.
In Montana, home of Football Championship Subdivision powerhouse Grizzlies, some feared the school would be barred from hosting postseason games.
In 2001, the governing body prohibited South Carolina and Mississippi from hosting postseason games because those states had Confederate images on the statehouse grounds.
There have been several high-profile college scandals, including the famous 1950 point-shaving scandal that involved NCAA men’s basketball champion City College of New York. “Importantly, Delaware law prohibits any type of sports betting on any Delaware college game. Messages and e-mails were left with several NCAA officials by The Associated Press.
Officially, the NCAA opposes all forms of sports wagering that threaten the integrity of its games or jeopardizes the welfare of student-athletes and the athletic community.
In Delaware, government officials were upset.
The NCAA’s executive committee made the announcement late Thursday afternoon in a five-paragraph statement. Tom McGonigle, chief of staff for Delaware Gov. Along with the NCAA, we remain committed to protecting the integrity of collegiate sports.”
“Not having gotten its way in court yesterday, it is disappointing that the NCAA would take this retaliatory action,” McGonigle said. The study included all three NCAA divisions.
Chancellors and presidents from all three NCAA divisions approved the measure, saying it applies to “any session of an NCAA championship,” though it does not apply to states that allow parlay betting, lottery tickets, pull tabs and sports pools.. So as applied to Delaware, this new policy only serves to punish the very students the NCAA claims to be trying to protect.”
Associated Press Writer Amy Beth Hanson in Helena, Mont., contributed to this report.
The move came one day after a federal judge denied a request by professional sports leagues and the NCAA to halt Delaware’s planned sports betting lottery until a legal challenge is resolved.
Some believe college athletes are more susceptible to gamblers because they are prohibited from getting paid for playing.
Congress banned sports betting in 1992 while grandfathering four states _ Delaware, Nevada, Montana and Oregon _ that had already offered it. The lawsuit filed by the four major pro sports leagues and the NCAA argues that Delaware’s plan to allow single-game betting would violate the legislation because Delaware has never offered single-game betting before.
This is not the first time the NCAA has used its championships to send a message.
The NCAA approved a policy Thursday that would ban states, such as Delaware, from hosting championship events if they allow fans to bet on single games.
NCAA rules also ban advertising from organizations that promote gambling.
A study completed in 2003 showed 17 of 388 basketball players and 102 of 2,000 football players who were surveyed admitted they had taken money to play poorly, knew a teammate who took money to play poorly, had been threatened or harmed because of sports wagering, were contacted by an outside source to share inside information or provided inside information about a game