Message to the Younger Generation on Gambling: Please Heed this warning

[theriver55]

For every Guy like JDS who wins 89K or a Professional like Pipe there are probably 100 players losing on a regular basis. Gambling is a tough racket for sure. Gambling looks easy and the books make it seem that way too. But the reality is a different story. I know I learned the tough way in my 20's that Gambling on sports is a losing proposition for me if playing above my means. So now I play on a very small scale and have fun. Discretionary income and low key entertainment.

The books have the vig and psychological advantages in their favor. They don't exist because most players win. So if you play have fun, play within your means, and expect to lose long term. If you can beat the game more power to you. I wish you all well. THX.

 

[BobbyFK]

This is all very true! Thank you for this message

 

[theriver55]

This is all very true! Thank you for this message

Thx Bobby just trying to pass on some life lessons I have learned thru the years. GL.

 

[Tanko]

Good post @theriver55
95%+ of bettors lose long-term. The books have the edge with the elevated vig and make sure people get limited who start to win.

For most, gambling should be a recreational activity. Only gamble with money you can afford to lose and keep it under control.

99 out of 100 people who think they can do this as a pro, are going to be broke shortly.

 

[flyingillini]

JDS is our hero and icon. Many look up to him and strive to be like him. He has ⭐️ posting ability , he has expert analysis for his picks , he’s sexy in his posting and sexy in real life with a sexy jawline and washboard abs.

 

[jjgold]

Everyone loses period

 

[theriver55]

Good post @theriver55
95%+ of bettors lose long-term. The books have the edge with the elevated vig and make sure people get limited who start to win.

For most, gambling should be a recreational activity. Only gamble with money you can afford to lose and keep it under control.

99 out of 100 people who think they can do this as a pro, are going to be broke shortly.

THX Tanko solid points. One big difference today vs yesteryear is that when I was dropping nickels and dimes down it was on credit. Before the advent of the internet., I wonder if I had to post up first if I would have still bet as heavy as I did at times? A lot tougher to part with 5 bills first knowing you may never see it again.

 

[flyingillini]

Everyone loses period

I would defer to JDS , KVB , Justin7, Ganch. I would think they would disagree

 

[jjgold]

I never met a professional gambler that had any real money that was derived from gambling It’s always peanuts and they’re playing with their life savings. It’s hilarious.

they live in tiny apartments with old cars

 

[flyingillini]

I never met a professional gambler that had any real money that was derived from gambling It’s always peanuts and they’re playing with their life savings. It’s hilarious.

they live in tiny apartments with old cars

We have some real big timers here JJ. You are starting a forum war here.

 

[jjgold]

Lol

this is pure comedy

 

[flyingillini]

Lol

this is pure comedy

Many here pay their rent and put their kids through school by gambling JJ.

 

[Tanko]

Lol

this is pure comedy

It's kind of ironic you think its funny because most of the advice being posted in this thread has been posted by another poster in the past --> YOU!!!!

 

[jjgold]

As technology increases, the day of the professional gambler is virtually nonexistent

You can’t even last at a book anymore you just get limits reduced to five dollars

now there are tons of professional con men on social media and con girls trying to fool you that they’re big time again I’m too smart for anybody here

Years ago, of course it existed, but no more

 

[theriver55]

It's kind of ironic you think its funny because most of the advice being posted in this thread has been posted by another poster in the past --> YOU!!!!

I think Gold was referring to Flyin statements. And yes Gold has been saying this warning for years.

 

[flyingillini]

It's kind of ironic you think its funny because most of the advice being posted in this thread has been posted by another poster in the past --> YOU!!!!

CashApp me Tankster! $3

 

[flyingillini]

As technology increases, the day of the professional gambler is virtually nonexistent

You can’t even last at a book anymore you just get limits reduced to five dollars

now there are tons of professional con men on social media and con girls trying to fool you that they’re big time again I’m too smart for anybody here

Our master has spoken!

 

[djefferis]

Solid post.

Yea - gambling in your 20s is all fun and games - until it develops into something beyond that.

You have plenty of free cash flow - free time and self control is not in a lot of kids vocabulary.

Take 10% of that money - gamble it and do stupid shit - but take 20% and invest - half in savings and half in stocks (and not speculative/OTC or otherwise risky stocks - SP 500 listed stuff only).

If your a great gambler - your gambling funds will outweigh your “investment” side at the end of a year - if your not - your secure in your investments and have now learned gambling is not your forte - do something smarter with your money. Nothing wrong with playing recreationally - but never forget you’re NOT a pro. Lots of guys think betting big makes you a pro - it doesn’t. WINNING long term makes you a pro - if you can do it betting small - and increase your wagers over time and keep it up - you will do well. But never forget to put half those winnings away - streaks happen good and bad. When the streaks extend over months they are no longer streaks - they represent true results you should expect.

 

[Tanko]

View attachment 31875
CashApp me Tankster! $3

Wait.... What?
Why does it say the $3 went to "JJGold_Landscaping". Did he hack your Cashapp?

 

[flyingillini]

Solid post.

Yea - gambling in your 20s is all fun and games - until it develops into something beyond that.

You have plenty of free cash flow - free time and self control is not in a lot of kids vocabulary.

Take 10% of that money - gamble it and do stupid shit - but take 20% and invest - half in savings and half in stocks (and not speculative/OTC or otherwise risky stocks - SP 500 listed stuff only).

If your a great gambler - your gambling funds will outweigh your “investment” side at the end of a year - if your not - your secure in your investments and have now learned gambling is not your forte - do something smarter with your money. Nothing wrong with playing recreationally - but never forget you’re NOT a pro. Lots of guys think betting big makes you a pro - it doesn’t. WINNING long term makes you a pro - if you can do it betting small - and increase your wagers over time and keep it up - you will do well. But never forget to put half those winnings away - streaks happen good and bad. When the streaks extend over months they are no longer streaks - they represent true results you should expect.

You are the 2nd most knowledgeable poster and writer on the forum. God Bless you!