Quote:
Originally Posted by classhandicapper
I agree with you.
I learned some of this in my teens in pool rooms.
I saw kids that were 15 years old that were willing to gamble their last $500 on a set at nine ball against a similar opponent, borrow money if they lost because they still thought they had the best of it, and continue firing away.
I saw experienced businessmen with more money than they knew what to do with whose game collapsed for $20 against an inferior opponent when they were in a tight game.
I think in all gambling you have to find your personal comfort level given your financial situation, personality, nervous system, confidence, and other things that can impact your decision making and finances.
My own betting level still varies from year to year, but I was far and away my most aggressive in my early 20s. I would sometimes bet my entire paycheck on a single horse if I was certain I had the best of it.
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People talk about having "confidence". The only way a horseplayer could have any "confidence", in the real sense of the word, is if he has had real success in this game for an appreciable length of time. If you had success in this game for a few years and then you lost your edge, then you can still bank on the "confidence" that you once had and sit down and figure out how you lost the edge over the game that you once held. But if you NEVER had any success in this game for any length of time, then...what possible "confidence" can you really have? We can't fake "confidence".
People talk about money management and how to manage a bankroll. You are only managing a bankroll if you consider yourself to be a winning player. If you don't think of yourself as a winning player, then you are not managing a "bankroll". You are managing an expense account.
