Number on a screen VS. Cold hard cash

[FeelTheTruth]

I am guilty of this.. losing touch with reality when i see a figure on the screen (sportsbook balance)

Today I am reflecting, and I am asking myself... if that sportsbook balance was cold hard cash on my table, would I bet the same amount? Or am I getting carried away because it is just a number on the screen and not quite like money in my hands..

If I answer honestly.. no.. I would not be betting as much as I sometimes do.

Anyone else run into this?

 

[Hache Man]

Re: Number on a screen VS. Cold hard cash

Great subject & for many bettors you are dead on with this analogy FeelTheTruth.

Even worse if you ever play in an online casino........

 

[BrickShitHouse]

Re: Number on a screen VS. Cold hard cash

I always do this too, even if it is chips at a blackjack table.

 

[munson15]

Re: Number on a screen VS. Cold hard cash

Good topic, I believe flat betting is the answer to this dilemma. If you have a pre-determined amount that you always use, this is less of an issue. When you are all over the yard with your bet amounts, then you are susceptible not only to large fluctuation in your balances, but potentially damaging losses.

 

[FeelTheTruth]

Re: Number on a screen VS. Cold hard cash

I hear you munson.. but sometimes in the middle of a good run, you press it a little.. flat betting takes very strong discipline.. and I'm self aware enough to know, I likely wouldn't stick to it.

yesterday I made 6 bets.. the first 5 bets were for X hit them all... bet #6 was for 3X and lost.

There are a few holes in my swing, so to speak.

 

[munson15]

Re: Number on a screen VS. Cold hard cash

I hear you munson.. but sometimes in the middle of a good run, you press it a little.. flat betting takes very strong discipline.. and I'm self aware enough to know, I likely wouldn't stick to it.

yesterday I made 6 bets.. the first 5 bets were for X hit them all... bet #6 was for 3X and lost.

There are a few holes in my swing, so to speak.

That's the whole trick to money management, discipline. Yesterday's scenario that you experienced is exactly why flat betting would be a help to the vast majority of players, IMHO. At least try to have a max bet, in the modest range. Say, no more than 5% of your bankroll.

If you want to vary the size of your bets, do so on the low side of that pre-determined maximum. Let's throw $100 out as a nice, round number for your max bet. If you are unsure of a play, or are just in it for the action, play $25. If you NEVER venture outside of the $25-100 range that you have set as your basis, you should be able to ride out a bad run.

I still advocate a flat bet, but if you can't handle that, something with a tight range such as the above example should be helpful. Let's face it, to have a 5-1 card, and net out less than 2 units is no good. Press only when you iron your clothes. :+textinb3

 

[mofome]

Re: Number on a screen VS. Cold hard cash

I am guilty of this.. losing touch with reality when i see a figure on the screen (sportsbook balance)

Today I am reflecting, and I am asking myself... if that sportsbook balance was cold hard cash on my table, would I bet the same amount? Or am I getting carried away because it is just a number on the screen and not quite like money in my hands..

If I answer honestly.. no.. I would not be betting as much as I sometimes do.

Anyone else run into this?

same exact same thing for me. looks like play money at times just sitting there. much easier to wager with than money that is in your hands.

:cocktail

 

[betfirstclass]

Re: Number on a screen VS. Cold hard cash

you guys bring up very very very Interesting point, as most know I was in CREDIT BUSINESS & use take some my very very high0end clients to Vegas, These guys would bet $2500 $5000 $10K game / Then casually walk up to the WIndow & place wager (in Vegas) I'd say "J" how much you bet, Oh $330

I'm like what???????

point is 100% diffeent sticking cash in window AND same theory applies when

CASH VS CHIPS @ The BJ or Crap Table


I'm sure many here can relate

 

[munson15]

Re: Number on a screen VS. Cold hard cash

you guys bring up very very very Interesting point, as most know I was in CREDIT BUSINESS & use take some my very very high0end clients to Vegas, These guys would bet $2500 $5000 $10K game / Then casually walk up to the WIndow & place wager (in Vegas) I'd say "J" how much you bet, Oh $330

I'm like what???????

point is 100% diffeent sticking cash in window AND same theory applies when

CASH VS CHIPS @ The BJ or Crap Table


I'm sure many here can relate

I know this is true for many, but it's hard to imagine those players were winners with that type of money management, Mike.:+clueless

 

[betfirstclass]

Re: Number on a screen VS. Cold hard cash

MUNSON BRO

I never said ANY of my "old-school" credit accts were lon-term winners

LOL

why you think I'm on the Post-up side of things Now

Oil Money Gone
Stock mark Gone
trust fund baby's BROKE

etc etc etc etc

 

[munson15]

Re: Number on a screen VS. Cold hard cash

MUNSON BRO

I never said ANY of my "old-school" credit accts were lon-term winners

LOL

why you think I'm on the Post-up side of things Now

Oil Money Gone
Stock mark Gone
trust fund baby's BROKE

etc etc etc etc

We all need customers with money, I guess. :+textinb3

 

[betfirstclass]

Re: Number on a screen VS. Cold hard cash

SURE HELPS

hard make money any other way

 

[idiotspayforpick]

Re: Number on a screen VS. Cold hard cash

always bet the same regardless

 

[Bucky]

Re: Number on a screen VS. Cold hard cash

you guys bring up very very very Interesting point, as most know I was in CREDIT BUSINESS & use take some my very very high0end clients to Vegas, These guys would bet $2500 $5000 $10K game / Then casually walk up to the WIndow & place wager (in Vegas) I'd say "J" how much you bet, Oh $330

I'm like what???????

point is 100% diffeent sticking cash in window AND same theory applies when

CASH VS CHIPS @ The BJ or Crap Table


I'm sure many here can relate

Vegas is a nightmare playing with cash and constantly counting out Ben's. You have to drag them there - drag them home - constantly at risk.

Put some money in each casino you play at. More or less like postup - front money account - wire it there - whatever - Walk in - get some nickel or dime chips - play them - when you cash the ticket - get chips - put them back in your account. Big cash should never see the light of day outside the building.

Cash is nuts - I don't blame them. I'll call back to my local and play nickels and dimes when I am in Las Vegas instead of dragging the amount of cash along necessary to do business there.

Feel the Truth - the way to keep contact with reality when you play online is to keep records at the end of the day and put them into a data base. You need to be able to identify where you won - how you picked it . Be able to break it down by sport,sides,totals,ht's, money lines - everything. Most people will not do this because they do not want to prove to themselves they are losing. The best thing that can happen is a player can find the biggest leaks in his boat.

I know - I have just taken all the fun out of it and turned the whole thng into a job. But, I see your point. Guess it makes a difference if it is recreational play or not. If you are sportsbetting because it is your only source of income I am pretty sure the numbers on a screen and cash would be handled in an identical manner.

91023i2ndw;l

 

[sean1]

Re: Number on a screen VS. Cold hard cash

Betfirstclass, was it cause they did not want to bet more or cause it was a pain in the ass to move $1000s in vegas...

I'll bet far more on the computer cause it is simply a hassle to bet large amounts in Vegas. And the biggest hassle is not the getting $5000 accepted at the sportsbook. The biggest hassle is taking $50k out of the bank - you would think you were stabbing 3 bank tellers, the way they harass you.

 

[Bucky]

Re: Number on a screen VS. Cold hard cash

Betfirstclass, was it cause they did not want to bet more or cause it was a pain in the ass to move $1000s in vegas...

I'll bet far more on the computer cause it is simply a hassle to bet large amounts in Vegas. And the biggest hassle is not the getting $5000 accepted at the sportsbook. The biggest hassle is taking $50k out of the bank - you would think you were stabbing 3 bank tellers, the way they harass you.

Good point on the getting it accepted. They ask if you are a guest, etc. Players card helps a little - but, yes a dime is not that easy to get down even at some of the big joints.

 

[mofome]

Re: Number on a screen VS. Cold hard cash

Betfirstclass, was it cause they did not want to bet more or cause it was a pain in the ass to move $1000s in vegas...

I'll bet far more on the computer cause it is simply a hassle to bet large amounts in Vegas. And the biggest hassle is not the getting $5000 accepted at the sportsbook. The biggest hassle is taking $50k out of the bank - you would think you were stabbing 3 bank tellers, the way they harass you.

How much can you bet at a window in vegas?