Quote:
Originally Posted by TomG
this is absolutely the best approach. if you're able, definitely do this. in my experience, though, it's more difficult than it was before. you see this effect in sports when an athlete starts pressing or in poker when a guy loses a big pot. you aren't in the right mindset to think clearly until you get back to even. so i say give it a try but be careful as a series of small bad bets can also really hurt your bankroll. what do you think about khabib tonight?
Thanks for your words of wisdom Tom. You are absolutely right, that the psychological effect of the Thursday loss affected me for today's UFC bets. I set up that Loss Makeup spreadsheet, to account for additional bets made specifically because of that one big loss. However, it ended up setting me back $240 more.
Aside from that, I took a fairly big loss on my regular UFC bets as well. Overall I lost over $600 tonight. That makes $1,400 in the past 3 days.
At this point, I have to reassess. One thing to consider is likely bringing down my betting unit dollar amount. I had it up to $80-$100. With a smaller bankroll, I'd have to cut that down. Unless I infuse my bankroll with additional funds. I'll see how I want to approach that.
I think psychologically and because of stress, I just need to bet much smaller, where I'm not so emotionally affected by a win or loss. The stress isn't worth it and takes the fun out of watching an event. I just need to find that right balance.
In the long run, I do believe I'm profitable. If I can take $1,100 in May 2019 and run it up to $4,400 in October 2020, I do think I am likely a winning bettor. I did that mainly with safe/opportunistic plays. Its just lately, I made the one wreckless play on Thursday, and then took a big hit today.
I'm definitely in a re-evaluation period. The truth is, that I probably need to get my life together a bit better, so that the sports betting isn't such a key hobby for me, and I don't depend on it so much for something to look forward to day to day and week to week.
And about the Khabib fight, I found it was disappointing performance by Justin. No takedown or ground defense. Got steamrolled so easily. Much less resistance compared to other opponents that Khabib mauled. None of them got destroyed that quickly or easily.