Can someone help me learn how to stop chasing losses???

[Orion1178]

I've been gambling on and off for years and years. I've lost a ton of money from it


Well long story short, last month or so, I hit an insane monster hot streak and several insane parlays. I won about 160K. I've pulled out 70k but can't pull out any more until next month (bookmaker)


My problem is the past is I would hit a cold streak, start chasing and lose everything


How can I teach myself to accept having losing days and keep bet sizes the same?

[JIBBBY]

Start capping games the right way and follow winning and or losing trends for starters. Find links that give you trend stats.

[captrobey]

I've been gambling on and off for years and years. I've lost a ton of money from it


Well long story short, last month or so, I hit an insane monster hot streak and several insane parlays. I won about 160K. I've pulled out 70k but can't pull out any more until next month (bookmaker)


My problem is the past is I would hit a cold streak, start chasing and lose everything


How can I teach myself to accept having losing days and keep bet sizes the same?

That is great you hit all that fantastic . Smart that you took that out too. What i would do is no matter what i would make sure i would cash out at least another $30000 . I would make sure i end up with $100000 . Play with the remaining $60000 but make sure you get the $100000 no matter what.

[DJK]

I've been gambling on and off for years and years. I've lost a ton of money from it


Well long story short, last month or so, I hit an insane monster hot streak and several insane parlays. I won about 160K. I've pulled out 70k but can't pull out any more until next month (bookmaker)


My problem is the past is I would hit a cold streak, start chasing and lose everything


How can I teach myself to accept having losing days and keep bet sizes the same?

There is nothing that will teach you how to stop the chase as far as I know.

If someone found it, then I would like to see it.

Learn to flat bet and stick with it no matter what happens.

Obviously, it's easier said than done and it's something either you have it or don't.

I believe 99.999999% don't have the mentality or the discipline and they cannot stop the chase just like you.

Either that, have a HUMONGOUS bankroll so that you can chase to get you back to even before going broke.

[DJK]

One other thing.

Stop with your huge payout odd parlays.

Learn to bet singles or two team teasers at most like how Da Manster! is doing.

[DrunkHorseplayer]

Don't lose to begin with.

[mjsuax13]

EGrecu, welcome back.

[Optional]

If you are betting for excitement or buzz, it will be tougher to change this than if you are betting as a challenge to beat the book/yourself.

Maybe try punishing yourself for losses with a lower stake next bet, and reward yourself for wins with a higher next bet stake. Training yourself like that.


Sounds like you already know you really should just stop and find another hobby though?

[bjb7223]

For a second there I thought this was a JohnnyVegas thread

[Flashmo]

Two words.....Discipline...

[str]

EGrecu, welcome back.

Look up the EGreco thread.

It's all in there.

This is nonsense.

[JAKEPEAVY21]

As Flashmo said, discipline and willpower.

It took me a many years to figure it out myself and probably upwards of hundreds of instances where a losing day or session would set me off only to sizzle my bankroll. Eventually it hit me that it is impossible to win every day no matter how good you are or think you are. Try to minimize the losing days and learn to walk away when you get into a manic and chasing type of mindset. There is always tomorrow or the next day and come back with a fresh outlook. Look at gambling as one long session rather than how much you are up or down daily. I still have a hiccup every once in awhile but you have to be able to take a loss on the chin and take it in stride and look at the big picture.

This worked for me but might not for others.

[lakerboy]

For a second there I thought this was a JohnnyVegas thread

He is talking about betting for money though.

[DJK]

As Flashmo said, discipline and willpower.

It took me a many years to figure it out myself and probably upwards of hundreds of instances where a losing day or session would set me off only to sizzle my bankroll. Eventually it hit me that it is impossible to win every day no matter how good you are or think you are. Try to minimize the losing days and learn to walk away when you get into a manic and chasing type of mindset. There is always tomorrow or the next day and come back with a fresh outlook. Look at gambling as one long session rather than how much you are up or down daily. I still have a hiccup every once in awhile but you have to be able to take a loss on the chin and take it in stride and look at the big picture.

This worked for me but might not for others.

^Very wise^

It took me over 30 years to make it a reality for me but I still have hiccups.

Almost had one last night playing baccarat at Caesars and playing on-line live dealer baccarat at DraftKings.

[homie1975]

for starters, stop getting thoroughly seduced by the shiny objects.

SF and brock purdy win like 9 or 10 straight games, and instead of realizing that they are due to regress to the mean, you jump on the streak and Boom, 3 straight losses which you probably bet on all of them ATS or ML and lost.

right now the clippers are 0-6 SU their last 6 and so you will probably start betting against them and you will win once or twice, get excited, double your bets then lose big and start chasing.

your understanding of sports needs to improve from a baseline level first, then your handicapping will improve.

your approach seems like chasing after a stock that has run up 2x or 3x and the moment you jump in the stock drops because people start taking profit and you are left holding the bag.

be honest with yourself after reading what i just wrote and tell me if it describes you?

[gauchojake]

Great call MJ

How's the used car business Grecu?? Did the 401k recover? So many questions!

[d2bets]

Make good bets, period. Don't bet too much relative to bankroll. Do that nd there's no such thing as chasing.

[Eddy Munny]

Mix a teaspoon of turmeric and a teaspoon of spirulina in an 8 ounce glass of water. Add a shot of wheatgrass and a tablespoon of organic apple cider vinegar. Take at least one hour before consumption of food. You're welcome.

[hehfest]

As Tom Hagen might say: I can help you with that. Plug up your toilet on purpose and stick your head in there until you can't breathe. Last, stick your head in there and flush it with your head in there. What happens is is it sucks all the bad brain cells out of your head.

[Orion1178]

for starters, stop getting thoroughly seduced by the shiny objects.

SF and brock purdy win like 9 or 10 straight games, and instead of realizing that they are due to regress to the mean, you jump on the streak and Boom, 3 straight losses which you probably bet on all of them ATS or ML and lost.

right now the clippers are 0-6 SU their last 6 and so you will probably start betting against them and you will win once or twice, get excited, double your bets then lose big and start chasing.

your understanding of sports needs to improve from a baseline level first, then your handicapping will improve.

your approach seems like chasing after a stock that has run up 2x or 3x and the moment you jump in the stock drops because people start taking profit and you are left holding the bag.

be honest with yourself after reading what i just wrote and tell me if it describes you?

I jumped off san Fran after the first loss. It was such a terrible loss that it was hard to have faith

I bet against the clippers tonight for 2 reasons - 1 is their chemistry with harden is terrible. Second reason is houston is really good so you got a heavily underrated team vs a heavily overrated team.

Also bet the under. Ime has those guys playing serious defense in Houston and the clips offense wirh harden has been terrible

[Slurry Pumper]

Have a season's long view of your play. So for the NFL, maybe have a standard bet size and type for each week. Then handicap to support that plan. Each game is different, and each win or loss is not connected. Then keep records of your wagers. While doing this over the last 20 years, I learned things like: For some reason, I completely suck on the weeks when there are only 13 games in the NFL. with the exception of nonconference totals. So during that week I will take that as a nugget of personal bias information. Not enough to blindly bet on, but an awareness to consider.

[veriableodds]

If you normally bet 100 a game reduce to 20(1/5 normal size)
Get your kicks on route-66

[homie1975]

I jumped off san Fran after the first loss. It was such a terrible loss that it was hard to have faith

I bet against the clippers tonight for 2 reasons - 1 is their chemistry with harden is terrible. Second reason is houston is really good so you got a heavily underrated team vs a heavily overrated team.

Also bet the under. Ime has those guys playing serious defense in Houston and the clips offense wirh harden has been terrible

watch them win straight up tonight LOL

[Orion1178]

watch them win straight up tonight LOL

The line is +5.5


Fantastic value. Rockets with Ime Udoka are really really playing defense

[homie1975]

n

The line is +5.5


Fantastic value. Rockets with Ime Udoka are really really playing defense

now it is 7.5

you got a bad line.

clippers blow them out.

[Orion1178]

n

now it is 7.5

you got a bad line.

clippers blow them out.

I got a horrible line.

Honestly I can't believe it. Not only are rockets 6-3, but they've beaten the kings twice, lakers and nuggets. Several of those wins were by double digits. Ime udoka is a fantastic coach


I bet another 1500 on Houston

[mjsuax13]

Great call MJ

How's the used car business Grecu?? Did the 401k recover? So many questions!

<a href="https://imgbb.com/"><img src="https://i.ibb.co/HV5ydzF/IMG-3387.jpg" alt="IMG-3387" border="0"></a>

[mjsuax13]

I got a horrible line.

Honestly I can't believe it. Not only are rockets 6-3, but they've beaten the kings twice, lakers and nuggets. Several of those wins were by double digits. Ime udoka is a fantastic coach


I bet another 1500 on Houston

EGrecu, what’s your record for the year?

[DJK]

I got a horrible line.

Honestly I can't believe it. Not only are rockets 6-3, but they've beaten the kings twice, lakers and nuggets. Several of those wins were by double digits. Ime udoka is a fantastic coach


I bet another 1500 on Houston

homie1975 just said Clippers blow them out and you bet even more on Houston.

Good luck on your bets.

[DJK]

EGrecu, what’s your record for the year?

He is probably betting mostly Parlays and Teasers and not too many singles, so his win-loss record can't be that good.

[DonnieBrasco23]

Make good bets, period. Don't bet too much relative to bankroll. Do that nd there's no such thing as chasing.

Which sport you do the most damage in ?

[DJK]

Which sport you do the most damage in ?

My impression of d2bets is that he is VERY SHARP and wins consistently, but he won't share what he is betting on so that's that.

[homie1975]

homie1975 just said Clippers blow them out and you bet even more on Houston.

Good luck on your bets.

i am just guessing but not betting on it.
clips have lost like 6x in a row.
they were 5.5 pt faves when OP bet them. they are now -7.5
the market likes them big tonight.
the market can be wrong a lot. no doubt.
but the clips are at home and desperate to stop the bleeding.
something smells like a huge clipper effort vs 6-3 houston.

[mjsuax13]

He is probably betting mostly Parlays and Teasers and not too many singles, so his win-loss record can't be that good.

Agreed. He will be back in here telling us he lost it all and can’t stop.

[BGS 9.5]

[QUOTE=Orion1178;31251406]I've been gambling on and off for years and years. I've lost a ton of money from it


Well long story short, last month or so, I hit an insane monster hot streak and several insane parlays. I won about 160K. I've pulled out 70k but can't pull out any more until next month (bookmaker)


My problem is the past is I would hit a cold streak, start chasing and lose everything


How can I teach myself to accept having losing days and keep bet sizes the same?[/QUOTE

Zero % chance you won anything in the near stratosphere of 6 figures. Just lol