Sports Betting 101 with Steve Stevens - Money Management

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  • Опубликовано: 3 окт 2024
  • Celebrity handicapper Steve Stevens from CNBC's original series "Money Talks" provides simple explanations of sports betting terminology. Today's topic: money management
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Комментарии • 116

  • @MrZiggler1980
    @MrZiggler1980 6 лет назад +8

    Steve Stevens is 100 percent right on not betting with your heart. Good example the College Playoff Football Championship game. I knew Georgia was going to cover the +5 spread. But I went with UGA on the Money Line @ +165. I wanted my team to win the bet outright not caring about the point spread. I was only betting $6 USD so no big loss :)

  • @5offthetee951
    @5offthetee951 3 года назад +12

    Hes exactly like the brokers in Bolier Room or Wolf of Wall Street. His skill is hustling and sports just happens to be his method.

  • @jameslivermore4481
    @jameslivermore4481 6 лет назад +16

    I have a great strategy for starting with $1,000, running up to $6,000, & ending with $350. It's sounds a lot like what Steve just said what NOT to do...lol

    • @gustavobarroeta6444
      @gustavobarroeta6444 4 года назад +1

      I have spent months studying betting systems and discovered a great resource at Simple Sports Goldmine (check it out on google)

    • @MattNunez89
      @MattNunez89 4 года назад +2

      I posted on another one of his videos where he gave similar advice and I was doing the same toxic things like chasing bets, increasing size amounts, betting 3-4 games, losing a bet and then sizing up to recoup loss. I got my account to $7,000 in one week with a starting bankroll of $1,500 and lost it ALL the next week.
      I recently got my roll to $3,500 and am going to size down to $250 a game. I think thats a good number

  • @cp_703
    @cp_703 5 лет назад +21

    This guy is the real deal. Best advice ever , thanks for sharing your knowledge and power to make us stronger

    • @TheOdem87
      @TheOdem87 5 лет назад +1

      im glad you're aware this is a satire piece

    • @sammyholdem2492
      @sammyholdem2492 3 года назад +1

      Who pays you to say that

    • @cp_703
      @cp_703 2 года назад

      @@sammyholdem2492 no one paid me. I think his advice is helpful

    • @kennethwagster3788
      @kennethwagster3788 2 года назад +1

      @@cp_703 it's terrible advice. He is right about money management but 100% about how many games you bet. Sports betting is about finding value. If you find value in 10 games in 1 day, you bet them. It's a numbers game. Hes just a salesman.

  • @budnino8752
    @budnino8752 6 лет назад +9

    Steve keep em comin. When i get to that five figure status Ill come holla at u.

  • @jeremyrobertson9013
    @jeremyrobertson9013 6 лет назад +5

    Love it. When is Season 2 hitting the airwaves? Fair enough

  • @eplbettingtips9022
    @eplbettingtips9022 6 лет назад +22

    More of these Steve great stuff!! How about Money Talks season 2?

  • @billakoushik4018
    @billakoushik4018 6 лет назад +8

    Great video u r 110% right

  • @kingswarriors243
    @kingswarriors243 6 лет назад +3

    Thankyou bro for keeping it real.. when I get my money up ill be calling you from down under new Zealand

  • @s0uthpaw7
    @s0uthpaw7 6 лет назад +18

    fair enough

    • @olgamalchow4461
      @olgamalchow4461 6 лет назад

      This was great, I've been looking for "bet for free and win money" for a while now, and I think this has helped. You ever tried - eyamilla Yeyevi Eradicator - (just google it ) ? Ive heard some super things about it and my buddy got amazing success with it.

  • @BrockPageProductions
    @BrockPageProductions 6 лет назад +3

    🇺🇸 great stuff guys! I’m really finding myself enjoying your work more and more each day! 🇺🇸

  • @9phillye
    @9phillye 2 года назад

    I love this guy. Listen to this guy, he knows what’s up.

  • @courtlandwilliams2275
    @courtlandwilliams2275 6 лет назад +2

    Best advice of my life.

  • @ColtonWilson3000
    @ColtonWilson3000 6 лет назад +7

    Good stuff. Wish more people would follow advice like this. See way to many squares go broke because of shitty money management.

    • @warriorus1163
      @warriorus1163 6 лет назад

      King_Of _Fishing some of these so called other cappers are giving out 4-5 games a night. Weird

  • @paulthompson8642
    @paulthompson8642 6 лет назад +2

    Always a positive message

  • @nofameculture
    @nofameculture 6 лет назад +3

    Thanks for the jewels of knowledge 💎💎💎

  • @ace2199
    @ace2199 6 лет назад +7

    you right i loose and i win i bet about 30 games a day gotta take a risk!!!! 👌👌👌👌

  • @elhamza4924
    @elhamza4924 4 года назад +1

    King of advices

  • @mrhyde1110
    @mrhyde1110 5 лет назад +2

    I always get back to this timeless message when I lose and get desperate. Unfortunately, I never follow this advice when I am winning

    • @Kgmpicks
      @Kgmpicks 4 года назад

      Kgm picks hit my page i give out nothing but winners promise u

    • @roberts.8389
      @roberts.8389 2 года назад

      @@Kgmpicks can’t promise your L’s

  • @Mike73010
    @Mike73010 3 года назад +1

    I will explain why you lower your bet when you win a large amount. Bet 10,000 on the first game, If you win then you go to 30 to 50 a game. This allows you to lose 9 games in a row and still be up 9,000, if you win you are making a profit of 50 a game. I don't understand why he would be satisfied losing 10,000 a game when he can lose 100 a game or 50 a game. Money like that shouldn't matter to this guy. I bet 3 dollars a game, 6, 5, 10, 11, 12, 15, and sometimes 25. I don't overextend myself.

  • @mindfulodds1787
    @mindfulodds1787 6 лет назад +2

    Awesome video Steve 👍💰

  • @arame29
    @arame29 6 лет назад +2

    Strong presentation

  • @BigAZCrapsGURU
    @BigAZCrapsGURU 6 лет назад +7

    I am a sponge, keep it coming my friend!!!

  • @simonemambella5774
    @simonemambella5774 6 лет назад +1

    Really helpful!
    ok flat betting, once a day not everyday, but on what stake %??

    • @LE__O
      @LE__O 5 лет назад

      I would say 5% of your bankroll

  • @surajsagar9063
    @surajsagar9063 4 года назад

    So what do u suggest ..
    Always back or always lay

  • @smackmarable
    @smackmarable 5 лет назад

    Watching this after you lose! Will press the restart button in your heart💯 dime dropping knowledge

  • @gregsnavely9272
    @gregsnavely9272 6 лет назад +1

    well said, no podcast!?

  • @gurusheat3506
    @gurusheat3506 5 лет назад +1

    Im interested, i wanna start with a 50k bankroll before the end of college basketball season.

  • @dbest8244
    @dbest8244 6 лет назад +2

    Happy Holidays to you, your family and crew.. Vegas Strong.

  • @Mike73010
    @Mike73010 2 года назад

    Most people do not bet 1 or 2 games on a Saturday or Sunday. That is ridiculous. I might as well not even bet. Maybe in the NFL I bet 1 or 2 games on Sunday sometimes, but in College I am betting 4 to 16 games on every Saturday. That is the only way I can have fun while I bet and watch the games. I find that I usually go 7-5 or 8-4 and sometimes 9-3. The 2 team teasers really give you a better chance of winning in football. I do not bet hockey, baseball, golf, nascar, or horse racing anymore because I was losing in them sports and mostly winning in College Football and sometimes NFL.

  • @aslapofreality1444
    @aslapofreality1444 5 лет назад +11

    Yet on his show he has people bet 10k, then 20k and then 60k 🤷‍♂️

    • @argenisacosta3547
      @argenisacosta3547 4 года назад

      There are many components to sports picks. One resource I found that succeeds in merging these is the Simple Sports Goldmine (check it out on google) without a doubt the no.1 resource that I have ever seen.Check out all the extraordinary info .

    • @skolnation4206
      @skolnation4206 4 года назад

      Argenis Acosta did u sign up ?? And made any money

  • @TheCashmanwins
    @TheCashmanwins 6 лет назад +11

    He is exactly right. Quality over quantity and discipline. It is the only way to be successful along with a lot of hard work and research.

    • @kennethwagster3788
      @kennethwagster3788 2 года назад +1

      Hes absolutely wrong. You bet value. If 10 games on 1 day hold value in the numbers you bet it. If you don't find value for 2 months, you don't bet.

  • @Chaos.86
    @Chaos.86 6 лет назад +2

    Good stuff steve

  • @nanmbsan
    @nanmbsan 5 лет назад

    Jesus Steve, i clicked the video looked down for a second and the begining of the vid made m jump lmao

  • @desmondcastro3679
    @desmondcastro3679 3 года назад

    He's right about "betting with your heart" Ya got to bet on the stats ! Do your homework and just don't think your favorite team is going to always make you 💰 money !

  • @cloud070808
    @cloud070808 4 года назад +1

    You this is so right!

  • @afterdark6822
    @afterdark6822 3 года назад

    Great advise.

  • @michaeljenkins2518
    @michaeljenkins2518 6 лет назад +2

    YO STEVE make more videos like this 👍💯🇺🇸

  • @tube1062
    @tube1062 5 лет назад

    The frequency has got nothing to do with money management. If you happen to have a system with just a 0.1% edge (or expectancy), you should obviously try to apply it to as many games as possible as quickly as possible without overextending your betting bank.

  • @townessantizo6601
    @townessantizo6601 4 года назад +2

    fair enuf

  • @alblake7494
    @alblake7494 5 лет назад +1

    Im looking forward to betting on some basketball when i get there

  • @ericEsilva
    @ericEsilva 4 года назад

    Great vid and content brotha! Quick question if you can. If you lose a game do you make the next bet the same or do you double it for the next day? Thanks in advance!

    • @michaeldempsey22
      @michaeldempsey22 10 месяцев назад +1

      Doubling after a loss is called the ‘martingale’ and will make you bankrupt if you do it enough times

  • @stevethebull3423
    @stevethebull3423 6 лет назад +2

    Fair enough !!

  • @dougsburner5897
    @dougsburner5897 5 лет назад

    You broke it down good, thank you

  • @beamerball4420
    @beamerball4420 4 года назад +1

    Follow trends and do your homework!

  • @rogue9983
    @rogue9983 5 лет назад +3

    Money talks season 2

  • @ChaceBonanno
    @ChaceBonanno 4 года назад +1

    Don't bet all your money on one bet
    Bet the same amount on every bet
    Don't bet more than once a day
    Don't bet every day

  • @bradlafferty6076
    @bradlafferty6076 3 года назад

    That's good advice

  • @1112-g1x
    @1112-g1x 5 лет назад

    money mangment 3% of yor capital bet as many games u want as long as u have an edge?

  • @bradlafferty6076
    @bradlafferty6076 3 года назад

    It's about cashing tickets

  • @johngoncalves4504
    @johngoncalves4504 5 лет назад +1

    Steeeeve Steven's, faaaaare enough?!

  • @baseballer9641
    @baseballer9641 Год назад

    $5 if loss $15 if loss then $25 if loss then $50 if liss then $125 if loss then $300, 1/6 you won your still up, love steve stevens but i disagree, not same unit. he does the double done effect on his show. he knos whats good. lets get that doe yall

  • @avisco01
    @avisco01 5 лет назад

    1 game a day but not everyday. That will be the hardest thing to do. I find myself liking multiple games. If there’s a good value why are we ignoring it? Why only 1 bet a day?

    • @Mike73010
      @Mike73010 3 года назад

      the thing he doesn't realize that over time say six months he is still betting at least 24 games. So just lower your bet to 25 or 15 a game if you like multiple games. never let a game go that you really like always put at least 15 on it.

  • @Mike73010
    @Mike73010 3 года назад

    If you are betting the same amount on every game and that amount is alot like 2,000 or 5,000 then you are a fool. Because there is no way you have the same amount of confidence in the Vikings as you do the Packers to win. Same with the Chiefs compared to the Steelers. You have to lower your bet when you bet those average teams, because they are inconsistent.

  • @dennishorne5839
    @dennishorne5839 6 лет назад +5

    I keep hearing things !!$$$

  • @jay2009fun
    @jay2009fun 6 лет назад +1

    Dammm good advice!!!

  • @donaldlaxner8212
    @donaldlaxner8212 4 года назад

    Use Grand Martingale betting strategy instead of flat bets.......

  • @scubaseball12
    @scubaseball12 2 года назад

    Guy is completely blown out

  • @jfreemvp9628
    @jfreemvp9628 5 лет назад +2

    fuk me wish i saw this video before i started with 200 bucks, went up to 9k, lost it all. then back up to 5,000, lose it all. 3rd time will be a charm, im one of the best, but money management will make this a career for me. please learn from my mistake guys.

  • @Mike73010
    @Mike73010 3 года назад

    Losing is part of the business but why lose 10,000 or 5,000 on every bet when you can lose 30 or 50 or even 100 on every bet. He is talking about money management and he is betting large amounts on every game which leaves him little room for mistakes because if he goes 3-5 or 4-7 then he gets hammered. Once in a while you should bet 10k or 5k like if you think it is a lock like say the Chiefs vs the Jaguars -2 1/2 or Green Bay vs Chicago GB -2. I would not be satisfied losing 10,000 or even 5000 on every bet I lose. That is something a billionaire would do or someone with like 900 million dollars would do, not a regular sharp bettor.

  • @joecool8842
    @joecool8842 6 лет назад +1

    True!!!

  • @jeffreykosiek4362
    @jeffreykosiek4362 5 месяцев назад

    Listen your asking them how much they bet because you want to decide then, how much to charge them. Period. Why would u care. Just tell them to pick a unit size and flat bet. Why would u care. WoW people are gullible

  • @goat7844
    @goat7844 4 года назад

    Always do what is best for you. His style of betting may not fit your way of betting. There’ is always more than one way.

  • @Snowball1967
    @Snowball1967 5 лет назад

    sounds like inside trading you know players mean you fix games and players mean you a crime

  • @seahawks366
    @seahawks366 3 года назад

    Lol the bookie killa

  • @troyanthony9354
    @troyanthony9354 6 лет назад +3

    Steve keeping it 💯

  • @one3DoiNWoRk
    @one3DoiNWoRk 5 лет назад +2

    Steve tells it how it is, exactly how it is, no bs

    • @monicagudino6738
      @monicagudino6738 4 года назад

      Yup. I still learning. Not chasing as much anymore. Although i did with dallas n got it up the ass. But only but 2 units on it.

  • @user-ff2qr9qm5i
    @user-ff2qr9qm5i 6 лет назад +3

    👊👊

  • @MICHAEL-td3de
    @MICHAEL-td3de 4 года назад

    Steve Steven!

  • @ReeRhode
    @ReeRhode 3 года назад

    Bet 1 game a day not everyday 💎

  • @hyyer7
    @hyyer7 3 года назад

    Amen.

  • @iLaMbo2
    @iLaMbo2 3 года назад

    The Bookie God

  • @AlexCurtis33
    @AlexCurtis33 4 года назад

    So no Parlay’s got it....oh and no teasers lol 😂

  • @adzmanxxx
    @adzmanxxx 5 лет назад +1

    Thanks for this Steve...great advice

  • @Turner9090
    @Turner9090 5 лет назад +1

    Never bet with your heart......,.......................unless you live in New England ha haaaaaa

  • @beastmode-wo3yw
    @beastmode-wo3yw 6 лет назад +1

    Is 2 team parlays bad???

    • @VIPSPORTSLV
      @VIPSPORTSLV  6 лет назад

      watch this: ruclips.net/video/_9QHsPUYLYQ/видео.html

    • @daisydalo4724
      @daisydalo4724 6 лет назад

      it depends on the teams you choosing.

    • @SLismyname
      @SLismyname 6 лет назад

      VIP Sports Las Vegas i

    • @courtlandwilliams2275
      @courtlandwilliams2275 6 лет назад

      I bet parlays of a maximum of two games. Every time I try more than two I lose.

    • @michaelgodlewski5454
      @michaelgodlewski5454 5 лет назад

      beast mode i hit 8-9 team parkays sometimes 3 days in a row so no i can win 2 team parlays frequently

  • @nateg1396
    @nateg1396 5 лет назад +1

    Ma man

  • @FXPips11
    @FXPips11 2 года назад

    * checks my todays plays, 7, lol. Fkn degenerate, ( 7th day in this new career choice, building simplistic strategy, so i need repetition )

  • @greatwhite3676
    @greatwhite3676 4 года назад

    I follow some of this guy's logic. However all I bet is NFL because I follow it closely and there are not games everyday. This guy is talking betting NBA and MLB the true degenerate territory. Theres just not enough value there. I bet the same unit amounts but parlays have so much more value and since its only on Sunday you cannot bet everyday. I dunno i'm not on youtube but i have documented success. Whatever works it us against the house like he said.

    • @Mike73010
      @Mike73010 3 года назад

      You should really try betting college football, it is 20 times easier than the NFL. The NFL you have blind refs and guys not playing hard because they are already paid and millionaires. College the Favorites win alot more than the favorites in the nfl do. The NFL you really are forced to bet the underdogs bc most teams only lose by 3 or 4 points.

    • @greatwhite3676
      @greatwhite3676 3 года назад

      @@Mike73010 exactly. Hit 2 underdogs on the money line and 2 favorites on a 4 team parlay you’re getting over 25 to 1. Parlays are easy to hit in the NFL I think. Underdogs are where the value is. You’re right about college I’ll be betting more this year. College is a favorite game

  • @josesandor501
    @josesandor501 6 лет назад +1

    games are rigged scripted to the point

    • @victoriayero8632
      @victoriayero8632 5 лет назад

      In every sport ? I know nfl games are

    • @josesandor501
      @josesandor501 5 лет назад

      @@victoriayero8632 yes all college professor

  • @josehurtado6562
    @josehurtado6562 4 года назад

    The bookie killer ⚰

    • @VIPSPORTSLV
      @VIPSPORTSLV  4 года назад

      We are trying to reach you. Please direct message Steve on Instagram, Facebook, or Twitter. Or send an email to: info@vipsportslasvegas.com

  • @JPMorganSuckBalls
    @JPMorganSuckBalls 4 года назад

    #1 rule of everything.
    Don't be greedy...The dude who didn't listen lost $4400 deserved it...no disrespect but that's the truth.