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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Fans of the hit TV show "Money Talks" can now get the inside track on Steve Stevens' sports picks and sports betting news by tuning into his podcast. The VIP Sports Las Vegas podcast features Steve Stevens in a raw and unfiltered conversation. Steve Stevens' fans know him as the "Bookie Killer" born and raised in Las Vegas, he's the #1 sports handicapper in the world. Steve Stevens' big clients wager amounts larger than most people dream about, and they win more than they lose, that's the name of the game. Get into the winner's circle with VIP Sports!
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 :)
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.
This
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
I have spent months studying betting systems and discovered a great resource at Simple Sports Goldmine (check it out on google)
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
This guy is the real deal. Best advice ever , thanks for sharing your knowledge and power to make us stronger
im glad you're aware this is a satire piece
Who pays you to say that
@@sammyholdem2492 no one paid me. I think his advice is helpful
@@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.
Steve keep em comin. When i get to that five figure status Ill come holla at u.
Love it. When is Season 2 hitting the airwaves? Fair enough
More of these Steve great stuff!! How about Money Talks season 2?
Great video u r 110% right
Thankyou bro for keeping it real.. when I get my money up ill be calling you from down under new Zealand
fair enough
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.
🇺🇸 great stuff guys! I’m really finding myself enjoying your work more and more each day! 🇺🇸
I love this guy. Listen to this guy, he knows what’s up.
Best advice of my life.
Good stuff. Wish more people would follow advice like this. See way to many squares go broke because of shitty money management.
King_Of _Fishing some of these so called other cappers are giving out 4-5 games a night. Weird
Always a positive message
Thanks for the jewels of knowledge 💎💎💎
you right i loose and i win i bet about 30 games a day gotta take a risk!!!! 👌👌👌👌
King of advices
I always get back to this timeless message when I lose and get desperate. Unfortunately, I never follow this advice when I am winning
Kgm picks hit my page i give out nothing but winners promise u
@@Kgmpicks can’t promise your L’s
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.
Awesome video Steve 👍💰
Strong presentation
I am a sponge, keep it coming my friend!!!
Really helpful!
ok flat betting, once a day not everyday, but on what stake %??
I would say 5% of your bankroll
So what do u suggest ..
Always back or always lay
Watching this after you lose! Will press the restart button in your heart💯 dime dropping knowledge
well said, no podcast!?
Im interested, i wanna start with a 50k bankroll before the end of college basketball season.
Happy Holidays to you, your family and crew.. Vegas Strong.
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.
Yet on his show he has people bet 10k, then 20k and then 60k 🤷♂️
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 .
Argenis Acosta did u sign up ?? And made any money
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.
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.
Good stuff steve
Jesus Steve, i clicked the video looked down for a second and the begining of the vid made m jump lmao
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 !
You this is so right!
Great advise.
YO STEVE make more videos like this 👍💯🇺🇸
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.
fair enuf
Im looking forward to betting on some basketball when i get there
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!
Doubling after a loss is called the ‘martingale’ and will make you bankrupt if you do it enough times
Fair enough !!
You broke it down good, thank you
Follow trends and do your homework!
Money talks season 2
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
That's good advice
money mangment 3% of yor capital bet as many games u want as long as u have an edge?
It's about cashing tickets
Steeeeve Steven's, faaaaare enough?!
$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
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?
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.
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.
I keep hearing things !!$$$
Dammm good advice!!!
Use Grand Martingale betting strategy instead of flat bets.......
Guy is completely blown out
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.
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.
True!!!
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
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.
sounds like inside trading you know players mean you fix games and players mean you a crime
Lol the bookie killa
Steve keeping it 💯
Steve tells it how it is, exactly how it is, no bs
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.
👊👊
Steve Steven!
Bet 1 game a day not everyday 💎
Amen.
The Bookie God
So no Parlay’s got it....oh and no teasers lol 😂
Thanks for this Steve...great advice
Never bet with your heart......,.......................unless you live in New England ha haaaaaa
Is 2 team parlays bad???
watch this: ruclips.net/video/_9QHsPUYLYQ/видео.html
it depends on the teams you choosing.
VIP Sports Las Vegas i
I bet parlays of a maximum of two games. Every time I try more than two I lose.
beast mode i hit 8-9 team parkays sometimes 3 days in a row so no i can win 2 team parlays frequently
Ma man
* checks my todays plays, 7, lol. Fkn degenerate, ( 7th day in this new career choice, building simplistic strategy, so i need repetition )
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.
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.
@@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
games are rigged scripted to the point
In every sport ? I know nfl games are
@@victoriayero8632 yes all college professor
The bookie killer ⚰
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#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.