Wednesday, 21 May 2008

So THAT's Why They Call It Gambling

Two bad days on the NBA to report. Sunday, I made the mistake of getting involved in a game knowing that I would only be able to watch the first half and of course got caught on the wrong side of a run by the Celtics who were up by nine at the half. The question was cut my losses and 'red-up' at a loss of £1,846.89 or leave a bet out there in the hopes that it would get hit. I decided to take the loss and of course the Cavaliers came back to within 1 in the fourth quarter which, had I been home, would have meant not only getting out with no loss, but also with a healthy profit. But my mistake for getting involved in the first place.

Now to Monday's loss. Hornets at home in Game 7, down by 10 against the Spurs at half-time, and the Spurs trading at 1.5x. I was quite convinced that the Hornets would make a run at some point, and I guess they did by getting within 3 with 1 minute left in the game, but unfortunately that was too late to allow me to get out of another big loss. £3,885.62 to be precise. All rather depressing really, but that's life. I've had a stellar run of 12 winning months, so if May ends up being a loser, and it will take a minor miracle for it not to, then it's not the end of the world. I hate to think that I was chasing on the second bet, but if I am honest with myself, I was. I do take big positions where I think there is value, but I held on longer than I should have done, so lessons learned, back to basics and onward and upward.

7 comments:

Capitan Guapo said...

Hey homey, like the blog. I dropped $20 on the Pistons to beat the Celtics on the series. I like the Lakers too. That Hornets loss kinda surprised me, but I thought the Lakers would be ownin' them Hornets, knowwhatimean?

http://severeproblems.blogspot.com/

Anonymous said...

Reading both your articles i thinkits time you describe and remind us about bankroll Managment...its the most important thing 2 be a 1%winning gambler. just back playing poker and im sticking to it you thoughts on BRM what % do you look 2 take a loss?? and not let ur bets ride like your last2. ty gavin

Cassini said...

Thanks for the comments.

I'll write a post later today concerning bankroll management, but I fear you will be disappointed.

Anonymous said...

Roberto,

hope you were not upset by my little one-liner.

If you get a chance update blog as we all like reading it.

The Gambler.

marry said...

Blogs are so informative where we get lots of information on any topic. Nice job keep it up!!
_____________________________

Dissertation Structure

taxi to heathrow said...


It gives me excellent enjoyment to look at your website and delight in your excellent content here .Very userful blog i highly appreciate it .This type of blog keep user interaction with the website .
taxi to heathrow

John Clark said...

This blog is the first place where I have got the most relevant information on this topic otherwise I had exhausted all my efforts on other places.
Hot Deals