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Help me clear some things up...I think I am going crazy with all my bets

Discussion in 'The Sports Book' started by VegasMan15, Nov 28, 2020.

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  1. VegasMan15

    VegasMan15 Low-Roller

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    Ok..so I am big into sports and have been betting sports for a couple years now. As i sit on my couch right now I am confusing the heck out of myself. This is all about math and adding and taking away your winnings. I am confused. Someone please explain to me. I will give you as many details as I have....

    Every week I bet multiple parlays so I will add what my total bet was for the week and what my total return was.

    My goal is to figure out how much I am down or up for the year so far.


    Week 1 I bet $30.00-- Money returned $34.79-- Total WON $4.79
    --Question... did I win $34.79 or did I win $4.79?? .....This is where I am getting confused......KEEP READING

    Week 2- Bet $40- Money returned $0. So I'm saying I lost $35.21 because $4.79 of that was house money from last week. Right?? Or do I say I lost the whole total of $40.00

    Week 3 Bet $60. Money returned $0.
    ---So I am down for the year after week 3 $95.21 with my calculations..if they are correct. Down $100 if calculations are wrong.

    Week 4 Bet $40. Money returned $0
    Down for the year $135.21

    Week 5- Bet $30.00. Money returned $0
    Down for the year $165.21

    Week 6. Bet $45.00. Money returned $41.00 ..LOST $4.00 total
    Down for the year $169.21

    Week 7 Bet $40.00. Money returned $0
    Down for the year $209.21

    ****THIS IS WHERE I'M GETTING CONFUSED***

    Week 8.Bet $40.00. Money returned $66.60
    ***So do I say i WON $66.60 OR do i say I WON $26.00????

    Either way I made MORE money than I bet during week 8, but I am confused to if you count only the $26.00 in my "winnings" Week 8 consisted of 2 $20 parlays so in my mind I have to subtract the losing $20.00 to my money returned of $66.60...right??

    ***I will continue my post once I get some clarity on these first 8 weeks....because it gets more confusing...to me at least lol.***

    Thanks!
     
  2. thegov2k2

    thegov2k2 VIP Whale

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    It all depends on whether you're considering your wins weekly or for the season. For example, you said:
    Week 6. Bet $45.00. Money returned $41.00 ..LOST $4.00 total
    Down for the year $169.21

    You count your wins the same way if you're trying to be consistent. Therefore, you would have won $26 in week 8.
     
  3. VegasMan15

    VegasMan15 Low-Roller

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    Thanks for the input. My goal is to see if I am up or down at the end of football season.
     
  4. bubbakitty

    bubbakitty Doing retirement again and happily so....

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    Use the bank book approach. You wrote a check for 40$ (your bet). You deposit (your wins) after each transaction. You have a balance. In this case your first balance is -40 $. You wrote a check.
    When you bet blackjack (for simplicity) and push on 18 you keep your original bet. You could SAY you win the bet but you won’t be pleased if that is your thinking over the long haul.
    If you play video poker (if not skip this part) and bet 5 coins and get a pair you didn’t lose your bet but didn’t win 5 coins either......more you preserved them.

    I would take my expected bets for the season.....say 40$ each week for 17 weeks (nfl) 680$ as my original balance and just keep it as you keep your monthly costs to your bank. Then you know where you stand. And compare to week one. Good luck.
     
  5. VegasMan15

    VegasMan15 Low-Roller

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    Thanks for the input!

    I think that is part of the issue that is confusing me as well. I didn't have a set bankroll for football season. I just would take money out of my account as needed or play on previous weeks winnings.
     
  6. 44inarow

    44inarow VIP Whale

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    It also depends on your state. Some places have stricter/stranger rules.
     
  7. VegasMan15

    VegasMan15 Low-Roller

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    Now lets fast forward to week 12.

    Before week 12 began I was down $55.00

    Week 12 stats.

    Total bets this week was $175.00
    I won $89...this $89 is combined casino winnings for the week. This does not include the bet amount. Example bet $20 won $20..payout was $40 total. I only included the $20 i won...correct??

    So if I add it up this way...i won $89...lost $75 in bets.... 89-75 is 14. So I WON $14 this week?

    Or do I say I bet $175 in total bets...total money returned was $119.. 175-119=56.AM I DOWN $56 for the week??
     
  8. thegov2k2

    thegov2k2 VIP Whale

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    You are down $56. There's no way to get to any other number. Don't overthink it.
     
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  9. UKFanatic

    UKFanatic The Arbiter of Taste Caviar Kid

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    It seems you are really overthinking this question. Why not just calculate it whatever way makes you the most happy. I mean, unless you're a professional gambler and need to be precise for tax purposes, what difference does it make?

    FWIW, on sports bets, percentages won or lost is what I use as my guide, not the actual dollars. But again, do it however you want
     
  10. bubbakitty

    bubbakitty Doing retirement again and happily so....

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    Down 55. Bet 175 so now down 230 awaiting results of the week. You sayyid won 89$. So deposit that against 230 above and your still down 141$.
     
  11. bubbakitty

    bubbakitty Doing retirement again and happily so....

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    You might just need to get a shoebox with a bunch of money in it. Write down on the lid how much you put in it. Take ALL winnings and put back in the shoebox. When it’s gone find the lid and you’ll know how much you lost. :rolleyes:
     
  12. VegasMan15

    VegasMan15 Low-Roller

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    Thank you...I am overthinking way toooooo much!!

    Thanks!! I see you're from TN. I'm right on the line of MS and TN so I've been going to Tunica to place my bets and then TN opened up the sports betting on the apps and I've been doing that as well. Thanks for the reply!

    Thank you!

    hahaha I know right....my notebook that I use to track this stuff looks like a 9th grade algebra class. I'm giving myself a headache.
     
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