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rdalert447

rdalert447

Joined
Jun 5, 2022
Messages
2,444
No taxable wins all year, which is pretty sad. Any respectable player should have multiple IRS tickets each year.
What’s worse is that I’ve bet about 50% less this year.
Been a tough 11 months!
 

chuckythegoat2

chuckythegoat2

Joined
Sep 26, 2023
Messages
1,524
No taxable wins all year, which is pretty sad. Any respectable player should have multiple IRS tickets each year.
What’s worse is that I’ve bet about 50% less this year.
Been a tough 11 months!
rd, a few comments:

1) Props for tracking your +/-$$.
2) You know the saying in Gambling: "Need a short-term memory."
...As in, FORGET about the losses (LOL).

You're a veteran. You've shown me your skill.

Gambling is a very tough venture. For starters, you identify the Hold/Take/Rake which serves as the house take-out.

This is IMPORTANT. Best example I can think of = Poker Players.
...EVERYONE thinks they're a winning player.
...Really? House take is at least 10% and often 20%+ for Tournaments.
...That's a big hurdle. And most players just ignore it.

Sorry to ramble. I don't think the minus-figure is a cause for concern:
a) You've been thru the Horse cycle.
b) Review your process and think about whether you're identifying +EV bets.
c) Do you feel like you've been on the negative side of Variance?

You know I'm a fan. You know I'm pulling for you. Let me know if you need anything.
 

rdalert447

rdalert447

Joined
Jun 5, 2022
Messages
2,444
rd, a few comments:

1) Props for tracking your +/-$$.
2) You know the saying in Gambling: "Need a short-term memory."
...As in, FORGET about the losses (LOL).

You're a veteran. You've shown me your skill.

Gambling is a very tough venture. For starters, you identify the Hold/Take/Rake which serves as the house take-out.

This is IMPORTANT. Best example I can think of = Poker Players.
...EVERYONE thinks they're a winning player.
...Really? House take is at least 10% and often 20%+ for Tournaments.
...That's a big hurdle. And most players just ignore it.

Sorry to ramble. I don't think the minus-figure is a cause for concern:
a) You've been thru the Horse cycle.
b) Review your process and think about whether you're identifying +EV bets.
c) Do you feel like you've been on the negative side of Variance?

You know I'm a fan. You know I'm pulling for you. Let me know if you need anything.
You’re the man, Chucky. I haven’t been filling in the last legs of BIG doubles and pick three’s all year, so I know it’s just a LONG stretch of negative variance. I should be hitting some of those by mistake. Tampa will be the spark. Opens on Wednesday.
 

chuckythegoat2

chuckythegoat2

Joined
Sep 26, 2023
Messages
1,524
Good Luck on Tampa, rd. I've seen you make big scores.

When you play MOSTLY dogs/longshots/exotics, the drought can feel like the Sahara Desert.

Think about the $$ going INTO the pool. If you think there's enough square money, then you have a good chance to clear a profit.
 
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