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

[flyingillini]

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

Im serious CashApp me $3 and you get $3.25 back. Other posters can confirm. I need it.

 

[Tanko]

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.

Another solid post!

I love the part about comparing your gabling account to your investment account. That'll tell you if you should be in the game.

 

[teacher10]

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.

What about @dougtushyterror ?

 

[jjgold]

The bottom line is put almost all your income into investments, not gambling, and you will see money grow

nobody can pick games never ever forget that

 

[flyingillini]

What about @dougtushyterror ?

When he hits for a million very soon we will all be worshipping him like Christ. JDS is our king because he has had more forum presence and more posters know him. Both are icons now and we all want to be like them.

 

[djefferis]

The bottom line is put almost all your income into investments, not gambling, and you will see money grow

nobody can pick games never ever forget that

Gambling CAN be an investment- for the select few who can both pick winners and manage their bankroll professionally.

You should never be afraid to take risk in your 20s - sometimes those risk pan out.

At the same time - set your self up for success regardless of the outcome of the result. Take chances - but cover your bases doubling down on “proven” investments over “gambles”.

Once you build a record of success gambling - others will follow and let you use THEIR money to gamble with - allowing you to secure more of yours. Look at Mark Cuban, Elon Musk, Steve Jobs Steve Case and other great minds - they aren’t dumb by any means - but they did 2 things - they sold their companies for huge profits and then continued to roll the dice with other peoples money - while locking up more and more of their own in proven investments.

Too many people hit a hot streak and think they can’t lose - right up until that moment they go bust.

 

[jjgold]

They always say rich people use money as an asset and keep growing it and middle-class and poor people spend money and they are always broke

 

[whysguy]

Nice posts

One thing that has helped me, is to take in the fact that the fans that go to these sporting events spend large amounts. Unless courtside seats, would I rather gamble 200+ on a game from the comfort of my home or pay to be in a far row with a bad view. Ill take the gamble and big screen tv every time. This helps to not be hard on yourself for losing a bet.

Also being realistic and having an understanding of bankroll management/roi/risk of ruin goes a long ways.

Some facts which would depress most gamblers are, if betting $100 a play and betting 3-4 plays a day for 100 plays month= 10k worth of bets- you are elite if you come out $500 profit after all those plays at the end of the month and good if you have $200 profit. 2%-5% roi is the best any serious sports bettor can hope for long term.

200-500 profit in a month is nothing and would feel like nothing for the amount of time it would take to get 3-4 good plays in a day. Not to mention bankroll management would say have $5k bankroll.

Even with a 30k bankroll $300-$500 average bet- 100k-200k volume per month, sports betting will never be worth your time strictly for profit- (I heard Mcdonalds in CA is 20/hr now which would be better than this situation- if comparing to income). You MUST get enjoyment out of it and see it as entertainment and a fun, very hard challenge.

There's no way to overcome these expected #'s and hard facts. On that note, good luck =)

 

[BigJay]

Books have the vig

books have the edge with the elevated vig

Makes a big show of giving me a vig.

The Sopranos (1999) - S06E16 Drama clip with quote Makes a big show of giving me a vig. Yarn is the best search for video clips by quote. Find the exact moment in a TV show, movie, or music video you want to share. Easily move forward or backward to get to the perfect clip.

getyarn.io

 

[RRsilver]

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.

Good advice River,

Also, the worst thing that can happen to a new gambler is winning the first time or a couple times in a row. I've seen it many times and heard them say "I told you this wasn't that hard." Next you see them down at the check cash or pawn shop. With their life falling apart, sounds grim but it's true.
Gambling is a drug that has no price tag, you make your own price and that's a bad thing.
It's the lure of easy money, it has a very strong appeal.
Easy but hard to obtain.

 

[Pimike]

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

Wrong

 

[RRsilver]

Nice posts

One thing that has helped me, is to take in the fact that the fans that go to these sporting events spend large amounts. Unless courtside seats, would I rather gamble 200+ on a game from the comfort of my home or pay to be in a far row with a bad view. Ill take the gamble and big screen tv every time. This helps to not be hard on yourself for losing a bet.

Also being realistic and having an understanding of bankroll management/roi/risk of ruin goes a long ways.

Some facts which would depress most gamblers are, if betting $100 a play and betting 3-4 plays a day for 100 plays month= 10k worth of bets- you are elite if you come out $500 profit after all those plays at the end of the month and good if you have $200 profit. 2%-5% roi is the best any serious sports bettor can hope for long term.

200-500 profit in a month is nothing and would feel like nothing for the amount of time it would take to get 3-4 good plays in a day. Not to mention bankroll management would say have $5k bankroll.

Even with a 30k bankroll $300-$500 average bet- 100k-200k volume per month, sports betting will never be worth your time strictly for profit- (I heard Mcdonalds in CA is 20/hr now which would be better than this situation- if comparing to income). You MUST get enjoyment out of it and see it as entertainment and a fun, very hard challenge.

There's no way to overcome these expected #'s and hard facts. On that note, good luck =)

I used to work with some guys that went to church and would give me a hard time about my gambling. They were know it all hypocrites, for the most part, most of them deer hunted and one owned horses. Once we were on the subject, and they got on me about how much money I lost.
I told them, most years at the end of football season I am between +$1000.00 and -$1000.00 and that I knew for sure that they sent more than $1000.00 each and every year on their hobbies and some years I make money. I have just as much fun gambling as they did with their hobbies. They never bothered me again.
I also ask how much a pound of their deer meat cost them. They didn't say so I told them probably $200.00 per pound or more.

 

[bigdaniil445]

My advise to the next generation: get 2-3 jobs and put 30% of everything you make into Bitcoin, before your pension fund manager starts investing in it and you lose the edge.

 

[jjgold]

Anyone that gambles non rec is a loser

 

[BobbyFK]

Im serious CashApp me $3 and you get $3.25 back. Other posters can confirm. I need it.

What's your angle here? Sounds fishy

 

[cellulark]

What's your angle here? Sounds fishy

He just needs a fix?

 

[BobbyFK]

He just needs a fix?

Sounds like it

 

[JDS]

What about @dougtushyterror ?

Yes Dougy deserves a mention as well as he always has a plan to win a substantial amount of money.

 

[KVB]

Simple solution.

Just make +EV bets.

Period.

No need to gamble.

 

[RRsilver]

Simple solution.

Just make +EV bets.

Period.

No need to gamble.

That's what the smart guy says! Mean while is not so smart guys have the struggle!