Is inflation hurting your gambling roll

[KVB]

For somebody like me where gambling is 90% of my income at this very moment, how else am I going to pay my bills ? I don’t really have any other outside investments. I’m all in with this shit, and I wouldn’t have it any other way because that’s how much passion I have for this thing that we do. I feel blessed that I don’t have to wake up every morning, break my fuckin‘ back as a electrician and have to work for the man to make money for him.

I don't think you understand. It's not about outside investments or other sources of income.

Take your income, pay your bills with it.

Just don't pay your bills with your gambling money.

Define your bankroll and your bet size, and stick to it. If you're treating your bankroll like it's your checking account, you are doomed to fail.

You must define your bankroll and stick to it. This is the tool of the trade. Without the tool, you can't make money.

It takes planning and discipline.

 

[theriver55]

Rivers you gotta be my biggest supporter and I’m truly humbled by that. Last week was actually a road favorite not a road dog, but it was the wrong game to be contrarian with as a home dog for those bettors that’s for sure.

changed it to road fav. that is what I meant to write. THX. Yeah I support your efforts here as I like your transparency and respect your knowledge of the various markets you play. Like i have stated before I used to be a heavy hitter at times in my younger days. Biggest bet was 10K on AZ under the 9.5 wins played in LV. Won that wager. But I don't have the discipline to be a professional player. you do. thx.

 

[thefix]

Inflation is 2.9% and PCE has it below 2% over the last 3 months. The prior year's inflation sucked and will suck since we'll never recover those lost dollars but its back to about normal now.

But, you have to look for opportunities when the market changes......


---------------------------------------------

If you were smart there was a way to play this and make money. When the Fed raised interest rates to get inflation under control you should have looked at CDs/money markets. No risk investments.

I've made a killing over the last two years investing a portion of my portfolio in them with zero risk and have been beating inflation readily the entire time and will continue to beat inflation for another 9 months until the contracts expire.

And before someone jumps in and says making 3% above inflation isn't great, I only had a portion in those assets. Most is in the stock market which hit new highs as well. Making 3% above inflation with zero risk is stress free.

Stop making sense, people don't like that. The preferred option is to complain and not take advantage of easy money opportunities. The fact these still exist and people continue to forgo them just baffles my mind.

 

[JDS]

I don't think you understand. It's not about outside investments or other sources of income.

Take your income, pay your bills with it.

Just don't pay your bills with your gambling money.

Define your bankroll and your bet size, and stick to it. If you're treating your bankroll like it's your checking account, you are doomed to fail.

You must define your bankroll and stick to it. This is the tool of the trade. Without the tool, you can't make money.

It takes planning and discipline.

Different strokes for different folks end of debate for me.

 

[JDS]

KVB now I know privately, you are rooting against me and Dougy because we are doing exactly what you just described and ultimately in your eyes we will fail, and I don’t like that.

 

[KVB]

KVB now I know privately, you are rooting against me and Dougy because we are doing exactly what you just described and ultimately in your eyes we will fail, and I don’t like that.

Huh?

I'm just saying define your bankroll. If you have 100k and decide to bet 1-2k or whatever per bet then end up pulling 20k out for bills then you didn't really have a defined bankroll.

Pull the 20k, pay yourself, then start the bankroll at 80k and calculate your unit that way.

I'm advocating you pay yourself, I'm just saying you have to be deliberate about it.

To say I'm rooting against you and to say you know it privately is pretty fukked up, especially since it's not true.

This isn't about different strokes for different folks, and there really isn't a debate here. Like I said I don't think you understood what I'm saying.

 

[healthnjoy]

I don't think you understand. It's not about outside investments or other sources of income.

Take your income, pay your bills with it.

Just don't pay your bills with your gambling money.

Define your bankroll and your bet size, and stick to it. If you're treating your bankroll like it's your checking account, you are doomed to fail.

You must define your bankroll and stick to it. This is the tool of the trade. Without the tool, you can't make money.

It takes planning and discipline.

I'm not sure 90% is an accurate figure. It's really an accounting nuance that you seem to be arguing about. As long as @JDS stays away from oversized bets and wins a few grand a month, on average, without risking the whole stack, I don't see how he violates the principles you lay out here (and with which any serious bettor would agree).

I'm sure you don't 'root against' anyone. But from my short time here I'd be infinitely more 'worried' about @dougtushyterror going busto, than JDS. What JDS allows himself to do once or twice a season, dougy seems to do every other day.

So far so good, and it makes for great content. I love his comments like "So I'm freerolling this 1.5k parlay" (after risking 10k to win the mentioned 1.5k). It doesn't rub me the wrong way at all. But then again, I'm not a pro and would never dream of trying to be one.

Just $0.02 from someone who enjoys betting $50/game lol

 

[JDS]

Huh?

I'm just saying define your bankroll. If you have 100k and decide to bet 1-2k or whatever per bet then end up pulling 20k out for bills then you didn't really have a defined bankroll.

Pull the 20k, pay yourself, then start the bankroll at 80k and calculate your unit that way.

I'm advocating you pay yourself, I'm just saying you have to be deliberate about it.

To say I'm rooting against you and to say you know it privately is pretty fukked up, especially since it's not true.

This isn't about different strokes for different folks, and there really isn't a debate here. Like I said I don't think you understood what I'm saying.

Alright maybe I misinterpreted what you said then since you broke it down that way for me.

 

[JDS]

I'm not sure 90% is an accurate figure. It's really an accounting nuance that you seem to be arguing about. As long as @JDS stays away from oversized bets and wins a few grand a month, on average, without risking the whole stack, I don't see how he violates the principles you lay out here (and with which any serious bettor would agree).

I'm sure you don't 'root against' anyone. But from my short time here I'd be infinitely more 'worried' about @dougtushyterror going busto, than JDS. What JDS allows himself to do once or twice a season, dougy seems to do every other day.

So far so good, and it makes for great content. I love his comments like "So I'm freerolling this 1.5k parlay" (after risking 10k to win the mentioned 1.5k). It doesn't rub me the wrong way at all. But then again, I'm not a pro and would never dream of trying to be one.

Just $0.02 from someone who enjoys betting $50/game lol

Yeah you hit it on the head here, good analogy of our betting strategies regarding our risk management for Dougy and I.

 

[Tanko]

I'm not sure 90% is an accurate figure. It's really an accounting nuance that you seem to be arguing about. As long as @JDS stays away from oversized bets and wins a few grand a month, on average, without risking the whole stack, I don't see how he violates the principles you lay out here (and with which any serious bettor would agree).

I'm sure you don't 'root against' anyone. But from my short time here I'd be infinitely more 'worried' about @dougtushyterror going busto, than JDS. What JDS allows himself to do once or twice a season, dougy seems to do every other day.

So far so good, and it makes for great content. I love his comments like "So I'm freerolling this 1.5k parlay" (after risking 10k to win the mentioned 1.5k). It doesn't rub me the wrong way at all. But then again, I'm not a pro and would never dream of trying to be one.

Just $0.02 from someone who enjoys betting $50/game lol

I agree with you about JDS. He's seems to be pretty smart about his massive roll.
I don't know Dougy well enough to comment. I hope he finds a new job soon, it he wants one.

 

[healthnjoy]

I agree with you about JDS. He's seems to be pretty smart about his massive roll.
I don't know Dougy well enough to comment. I hope he finds a new job soon, it he wants one.

I'd rather not give the man betting or lifestyle advice. I hope his money lasts him a lifetime, and that he continues to share his crazy journey with the public haha

But let me ask @KVB an 'inflation question': Obviously, you have more than 2-3 sportsbooks at your disposal, right? Have you noticed any of them increasing the MAX BET (or 'max win' amount, whichever) on any of the major sports, in the last 5 or 10 years, to adjust for inflation?

Or are you still 'only' able to get down 10k on an NFL side today - just like you were 5 years ago?

 

[teacher10]

Good reading material. Posting to follow

 

[stackingreen]

My bankroll this year is a big enough number that I won't post it here, but that only matters in so much as we are talking about tracking, banks and/or the banking system. Would you guys say do full Kelly, half Kelly, etc? I typically go 55-60%, but I have had down years where I was mid to high 40s, of course.

Would any of you recommend that within a season, if you feel any given better is closer to the 60% winner category (as opposed to 55) you very the Kelly on that bet, or just play them all at 5.5% of bankroll?

 

[JDS]

My bankroll this year is a big enough number that I won't post it here, but that only matters in so much as we are talking about tracking, banks and/or the banking system. Would you guys say do full Kelly, half Kelly, etc? I typically go 55-60%, but I have had down years where I was mid to high 40s, of course.

Would any of you recommend that within a season, if you feel any given better is closer to the 60% winner category (as opposed to 55) you very the Kelly on that bet, or just play them all at 5.5% of bankroll?

 

[rdalert447]

Fishead says Harris/Walz is the worst ticket hes ever seen

He said the same thing back in 1893 with Grover Cleveland and Adlai Stevenson.

 

[Archie]

no

 

[stackingreen]

View attachment 41867

Not that big, lol

 

[jjgold]

Lowest bankroll I ever had to start football season

 

[Tanko]

Lowest bankroll I ever had to start football season

JJ, I'll venmo you $5.... It'll double your roll.



You should start a go fund me page.