Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

1/27/2012

Bet Dreams

The Super Bowl is just over a week away, which means Vegas & offshore sportsbooks are lining up all sorts of bets for people to make.

Depending on the sites that you go on, you can bet on various things - from whether the coin toss will be heads or tails; who will score the first touchdown; whether the total score of the game will have more or less points than Michigan will score against Michigan State in college basketball.

I bet you a quarter that it'll be heads.

You can even bet on whether the total time of Kelly Clarkson's rendition of the National Anthem will be under about 93-94 seconds. You name it, you can bet it on some site or sports book.

Hell, as crazy as this sounds, you can even bet on the game itself if you have a strong feel on the Patriots or Giants or the total score. Of course this is said sarcastically - with how many prop bets there are to make in the game, it can be easy to forget that there is an actual game where a team will score at least 1 more point than another team.

Remember...this town wasn't built because people win money...


In my group of friends, I'd say a decent amount of us wager on sports. Some of us wager more than others. One thing is for certain - none of us are professionals at it.

I've been regularly gambling on sports for about 6 years, more than most of my friends. Even when I was a kid who raised himself on sports through ESPN & various periodicals, I had a good sense of what football lines would be. During my time betting, I've had the ups and downs (emotionally & monetarily) that goes with the territory of gambling. Admittedly, there were times where I definitely wasn't strong enough to handle the ups and downs. That's one thing I've gotten better at - the main reason why I've had better results.

As my social circle started to include more of the gambling types, some of my friends who didn't gamble started to show some intrigue into making bets themselves.

While I wish any of my friends the best of luck when it comes to betting on sports, I'll gladly provide an answer to any of my friends who are wondering if they should start gambling.

Don't.

Most people who I've known to start gambling on sports don't stop, with a few exceptions. It can get to be a very addictive thing. Bad losses are usually harder to deal with for people who are just starting. Everyone can handle a winning streak, but it takes a strong person to handle the losing.

That's when people start forcing bets, chasing losses, increasing amounts of their bets.

For those people who haven't started gambling on a website, you'd be better off continuing your enjoyment of these sports strictly on "being a fan" basis.

You'd think with how much you watch sports that you'd have a handle on gambling and winning money through it. Vegas loves that you think that way - that's how they make their money.

You can break a game down for hours and think there's no way the Saints are going to lose at San Fran. Much of this is likely on your perception of the Saints as you see how strong their offense has looked and how much you hear and read about them through various media outlets.

None the matter, your bet starts off horribly & despite a strong push to nearly cover the game, the losing writing is on the wall. Even with your time spent watching games all year (and likely your whole adult life), a lot of times your perception on what will happen versus what actually does happen ends up being way off.

So even if you think you know sports, that's not enough to succeed at gambling. Money management is crucial as well. Never gamble more than you can afford to lose. And never chase losses. If you barely have any money in your saving/checking accounts, odds are you shouldn't be gambling to begin with.

Also, if you can't stand losing money, even a fairly small bet, you shouldn't be gambling. Losing a buck or a 5 spot shouldn't be a worry. Don't get me wrong - no one loves losing money, but you have to be able to handle the losses. If losing even a small amount ruins your mood, you'd be better off using that money on a bag of chips or a slice of pizza. Where you can actually reap in the benefits of the money.

Walking Contradiction

A lot of this is "do as I say, not as I've done", because I've definitely had times where I wasn't mentally equipped to bet, nor should I have bet so much on games in an attempt to recoup losses (i.e. chase).

I know the urge for some people to start gambling is there, but I think you'd be better off enjoying it on your couch with your Sam Adams and bag of pretzels.

If you decide to, I can't stress enough starting on a small level & stick with a betting amount (win or lose).

As you watch the Super Bowl and think it'd be fun to bet on what color Gatorade the winning coach will have dumped on them, remember that these bets are lost more often than they are won.

Stick to watching the game & the over-hyped commercials (or Puppy Bowl, if you prefer). Leave the betting to the professionals.

Like me.

Yep....it lost.

4/20/2011

Life of Brians: The Tale of the Tape between Me and Scalabrine



  
Brian Scalabrine (far left)
 Brian Bolek


One may think me and Scalabrine don't have much to compare to each other, but I'm ready to prove that wrong. Here's a tale of the tape between me and the red-headed Italian:

Height: Me: 5 foot 9; Scalabrine; 6 foot 9. Advantage: In hide and seek and houses with low ceilings: me; With women and everything else in life: him.

Weight: Me: about 220 right now; Scalabrine: 235. Advantage: Scalabrine wins all-around, considering that's probably a normal weight for his height and mine is obese.

Hair color: Me: Brown; Scalabrine: Gingery. Advantage: Me. Duh.

Job title: Me: Sales Support Specialist for a consulting company; Scalabrine: Suit Model for the Chicago Bulls. Advantage: Me, because I don't have to leave the comforts of my home to work and also don't even need to wear clothes.

Salary:  Me: close to 50K; Scalabrine: $1.2 million (per basketball-reference.com data). Advantage: Scalabrine, by a landslide

Salary broken down by $ earned per minute worked: Me: 2000 hours worked, so 120,000 minutes. $0.41/minute worked; Scalabrine: 88 minutes played (18 appearances), $13,636.36/minutes worked. Advantage: Clearly me....wait, I mean him.

Chances of making the NBA Hall of Fame, per basketball-reference.com: Me: (Data not available); Scalabrine: Hall of Fame Probability Active 0.000 (181) Career 0.000 (1050). Advantage: Me. Data not available means I could have been a hall of famer if I wanted to be. I just prefer not to live in the limelight.

Chances of picking up random chicks at Chicago bar: Me: See Scalabrine's Hall of Fame odds; Scalabrine: 100%. Advantage: Scalabrine

People we hang out with: Me: degenerate gamblers, drunkards, obese people; Scalabrine: Derrick Rose, Kevin Garnett. Advantage: Sorry, Scally wins this. Nothing against you people. If any of you learn a cross-over dribble and can make $13 grand per minute worked in a year, then we'll talk. (Editor's note: It should be noted that the people I hang out with all have my traits, so you could essentially say I hang out with myself and it'd be accurate).

Final score: Scalabrine wins 6-3.


If I tried comparing myself to any of the other Bulls players, I'm sure I'd win more categories. But it's Scalabrine we're talking about here. I dare you to find a dude with a sweeter job in Chicago right now....
.......
.......
.......
.......
Yeah, that's what I thought.




1/28/2011

Dollars Talk, Penny Packers Walk


"Illinoi$ Politic$ at it$ fine$t"

 Sure, Illinois' Supreme Court ripped the Court of Appeals ruling as one that completely ignored the concept of property in Illinois as written in state law, but let's be honest--everyone and everything (including farts in the wind) knew that Rahm wasn't gonna be removed. I suppose I write this at the expense of ignorance (perhaps other offices in the state or country have legitimately banned high-profile/campaign-raising candidates and stuck to it), but no one actually believed that the President's right-hand man in the city of the bluest of blue liberals was going to stay off the ballot.

As we know, money doesn't always buy happiness. Couple sports examples:

NY Yankees: $1.78B spent on player salary since 2001 - (source: USAtoday.com) (avg 178 mil/year); championships since 2001: 1 (same as the Marlins)

Washington Redskins...some of their more notable contracts since Daniel Snyder (see his other offenses as owner/business guy here) became owner: Mark Brunell (7 yr/$43M)- played 4 years of deal; Lavernius Coles (5yr/$35M)- played 2 years of deal; Jeff George (4yr/$18.5M)- played 8 games in two years before retiring; Albert Haynesworth (7yr/$100M)- likely played in his last game (20th total) for the team; Deion Sanders (7yr/56M) played one season. Record for Redskins since Snyder became owner in 1999: 86-106

Odds are, the Rahm business here will fall into this $$$$ talk, just knowing how bad Illinois is looking financially and how the parties just can't follow the advice of Mr. King, Rodney:

"Can't we all just get along?"

Good question, Mr. King....good question.

In the meantime, if you have money, make the most of it. Odds are, you're more in a position of doing what you want than the rest of us.