From The Archives Vol #1
Posted: November 16th, 2009 | Filed under: Last Decade | 2 Comments »
While the the picks have generally stayed the same, my views on strategy have changed quite a bit over the last 2+ years, and while I might be able to sum it all up in a few short posts, I think it would be more beneficial for my core readers, and fun for me, if I went back and basically BOB’d the shit out of my own site. Below is a small preview of what is to come.
In regards to this game, I had Va Tech -3.
Instead of watching the Va Tech-Boston College game last night, I attended a silent charity auction. I could not have picked a better night to imitate a philanthropist as I really would not have handled the Va Tech collapse very well if I had seen it live and in color.
When my roommate text messaged me that Boston College had recovered the late onside kick I immediately went over to every item I was currently winning on and outbid myself using a pseudonym and fake phone number so I wouldn’t get stuck holding the bag. It just goes to show that betting thousands of dollars on sporting events doesn’t preclude one from being a cheap fuck.
It’s funny but also telling. I mean, it is not like I was bidding on original work by Picasso. The biggest ticket item that I was in the mix for was a one day only Zip Car rental for the girl who took me to the auction. If losing a single average sized wager alters your buy cycle on relatively trivial real life expenditures then you are betting too much.
Gamblers who don’t over-bet are a rare species. I was in WAY over my head back in these days, and even now, with a bigger bankroll and smaller avg. risk amount*, I still may be pushing things a bit too hard. I could go on forever about this subject, but I have a feeling that it will be coming up frequently as this series continues, and it is not like those with money management issues would listen anyways. I know a 24 year old ML wouldn’t have.
* – both relative to what I have and in terms of actual $, which goes to show how fucking insane I was.
What are your thoughts on adding a money management section to the board? We concentrate a lot on our pick selection process, but I feel that in reality, bet sizing and other aspects of managing risk/reward are just as important (if not more so) to one’s profitability.
I agree, and I think this material will be a good jumping off point for discussion.