Compulsive Gambling Leaves a Trail of Destruction

How does someone live with themselves? . Gamblers do not think any further ahead than the next bet. In order to keep their secret they will lie to anyone, spouses, children, parents, coworkers and friends. Some gamblers do experience big payoffs, but the money is quickly spent on placing more, and bigger bets.

They Usually End Up Penniless

My father has reached his seventies without saving a penny. They spend their lives trying to cover their tracks. Money enables the gambler to “stay in the action,” a gambling term for active betting.

It’s Never Enough

A man who has spent a lifetime telling other people how to invest for emergencies has ended up penniless. If it had not been for my quick thinking, they would have lost everything. Money is slowly siphoned from the source until there is nothing left.

Gamblers Can Keep on Going…

The insidious thing about gambling is that a gambler who has access to money can literally support their habit for many years without getting caught. He has no savings, and he is too old to make up for lost time. Any adult child of a compulsive gambler who thinks they will see any type of inheritance is fooling themselves.

It’s Not Just The Betting

A gambler’s true addiction is money. Gamblers will function quite well as long as they have a ready source of cash, such as a family member or income from a business or investments. This is not something I should have to worry about with people who earned a good living during their work lives. This was In addition to fudging bank statements so that she didn’t know he was siphoning off their other savings account. They live their lives in a fantasy world where the next big win is right around the corner. I also resent all the money that my grandparents left being swallowed up by his disease. This makes gambling a very tough addiction to break, because like food addictions, the gambler is addicted to something they have to use in everyday life – money.

Gam-Anon and other organizations preach forgiveness above all else. My sister and I have struggled for most of our adult lives to build a healthy respect for money. It was money she was counting on to supplement their income when they reached their eighties. The sum total of my father’s income is now a meager Social Security check. I’ve been talking to a disease for most of my life, not a real father. We’ve both finally reached a place of sanity and serenity in our own lives.

The other insidious thing about problem gamblers or compulsive gamblers is the pathological lying. Money is what they need to fuel their habit of placing bets, whether it be lotto cards, horse racing or blackjack. This inability to plan for the future is another symptom of the disease of compulsive gambling. Their low self esteem compels them to live like high rollers – and spend on luxuries when they can’t even pay the mortgage. In the blink of an eye, more than half was gone. They view money as something to play with, almost like Monopoly money. Deep down they hate themselves for their habit, but like children, they are unwilling to come clean.

Forgiveness Comes…Eventually

My father’s inability to own up to his destructive behavior is a big reason for my current unwillingness to speak to him. He was never generous with money, even though he always had a wad of bills in his pocket. We figured it out because my father had tripped himself up by trying to cover his tracks. Gambling is a disease after all, and you can’t blame someone for being sick. If not for my mother’s pension, they would be out on the street.

It’s Exhausting For the Family

How Do They Live With Themselves?

Even though I know it is a disease and he really can’t help himself, part of me resents him for not being adult enough to seek help sooner. You just get worn out and tired, just really tired.

© by Macteacher 2013

This is another symptom of the compulsive gambler: Their skewed relationship with money. It’s a twisted mindset that allows them to blow everything they have while bills go unpaid. Any financial relief is out of reach because no matter how much money a gambler can get their hands on, it is never enough to satisfy their insatiable craving for betting.

The other part of me resents his obsession with money and being the hot shot while I was growing up. He had money for expensive vacations, expensive jewelry and nice cars, but paying for his kids college education was out of his reach. He never saw any reason to purchase any property or make any sound investments. Part of me wonders how he sat down over breakfast every morning with a woman who has taken care of him for 50 years, while he was robbing her blind. I know that I will eventually have to forgive, right now I’m just trying to figure out how to sit in the same room with a parent that I never actually liked or trusted. They make financial decisions based on how much money they can hoard for gambling. As most adult children of any kind of addict know, it’s not that you actually hate them – that’s too toxic to carry around. As it turned out, my father had helped himself to an annuity my mother had religiously contributed to every month for 25 years during the course of her teaching career. By that time, the damage is done and it is usually irreversible.

Almost as Bad as the Gambling…the Lying

When we uncovered my father’s gambling addiction, the devastation to my family unit was irreparable. His weird relationship with money was passed on to his kids. As an adult child I also am suddenly worried about having to support my parents at some point. He has no assets. It has been almost a year since the truth was revealed, and I am still angry at the waste and the bleak future my parents face as their fixed income slowly becomes inadequate to meet their needs as they get older. He was a fairly successful insurance man with 50 years in the business, yet when the true extent of his addiction came to light last year, we were dumbfounded

2 brothers sentenced in California for running international sports betting ring

All 18 have now pleaded guilty.

. Erik Portocarrero was given 22 months.

Authorities say the company took millions of dollars in bets from customers throughout California, strong-armed debtors and laundered proceeds.

Prosecutors say the brothers ran an Internet and telephone gambling enterprise called “Macho Sports” for more than a decade from a headquarters in Lima, Peru.

A judge in San Diego sentenced Jan Portocarrero to 18 months on Friday. They also were fined $50,000.

Nearly $12 million in assets were seized.

The two pleaded guilty to racketeering.

SAN DIEGO –  Two brothers who ran an international sports betting ring have been sentenced in California to federal prison.

An FBI investigation began in 2011 and led to 18 arrests in Los Angeles, San Diego and Norway, where Erik Portocarrero lived at the time

Using Reverse Line Movement To Win

Note that these records are for sides only and do not include totals.

The NFL sports betting is generally considered the toughest sport to beat, yet blindly following this method produced an exceptional 59.2 percent win rate last season, improving the two year record to 328-249-12, 56.8 percent, +59.06 units. Sure, using this approach leaves open the possibility of the line turning around and moving back against you, but as you will see in bit, betting as soon as an RLM qualifies has been profitable in every major North American sport such as the last two seasons, so if one line turns around, so be it. Keep in mind that NCAAB was the most liquid sport in terms of top-five sportbooks however, with not a single sportsbook making the top five both years. Keep a close eye on Canbet here, as that Australian sportsbook cracked the top five both years.

So what we recommend is to only use the top five each season for each individual sport (in terms of units won). Also, games where over 60 percent of the public are on one side, yet there is reverse line movement of at least 10 cents on the Money Line from the opening number at the top five sportsbooks in MLB and NHL sports betting has also been profitable.

NBA sports betting has the lowest two-year five-book RLM winning percentage among the 11/10 sports, but then again, every gambler in the world would kill to go 382-301-9, 55.9 percent, +48.90 units, and the 57.5 percent win rate this past season is nothing to sneeze at. This would make Miami +6 the RLM play.

So what causes RLM when the aim of most sportsbooks is to get as close to balanced action on both sides as possible? The answer to this is quite simple: the sharp bettors; the one’s who give sports betting advice. The huge problem with this is that the nfl line, ncaaf line or nhl line may have moved too much by that time, and all of the value has been sucked out of the unpopular side.

College Basketball sports betting was not too shabby either, with a two-year mark of 492-356-22, 58.0 percent, +91.96 units. All of this will be fun to follow (not to mention profitable) when every sport except baseball are going on simultaneously during the winter months.

http://prosportsonline.net

By: Manny G

The proper way to make a sports bet using reverse line movement is to place your bet as soon as there is an RLM of one full point (or 10 cents in MLB and NHL) off of the opening line. Another important recommendation is to use a slow moving (but reliable) sportsbook. Quite a few RLM followers watch the moves until almost game time, and then bet accordingly. Last year was a good RLM season for NFL sports betting (45-29, 60.8 percent, +11.91), but two sportsbooks that were in the top five in NFL RLM in both seasons.

prosportsonline.net

The highest two-year winning percentage using RLM from the top five books belongs to College Football, which went 480-341-10, 58.5 percent, +95.10 units. Furthermore, they list the RLM records for many individual sportsbook, making it easy to spot which books this system is working at and which books it may be best to ignore.

Article Directory: http://www.articledashboard.com. The records quoted below are based on the bets being made at the triggering books, so beating the move by a half-point or a few cents now and then would actually make your record even better.

Now do the sharps win every single time? Absolutely not! However, they are right more often than they are wrong, so being on the same side as the sharps is a prudent strategy over the long run, and again, the best thing is that there in absolutely no conventional sports handicapping necessary..

So what exactly is reverse line movement? RLM takes place when a large majority of bets are on one team, yet the line moves in the opposite direction. This is where an important word of caution is in order though. RLM takes place when more money/ sportsbook picks are bet by the small percentage of bettors that are on the unpopular side (the sharps) than is bet by the huge majority of players betting the popular side (the squares). However, instead of the line rising as you might expect, it instead drops to Chargers -6. We tracked the top five books for each of the pointspread sports for the last two years, as as you can see, this strategy has been profitable in every sport. This may enable you to get the stale more favorable sports betting line at the time the reverse line movement hits at the triggering Sportsbook. It should be noted that many fewer MLB games have qualified so far this season (is the whole world using RLM now?), but smaller profits is still profit.Again, these records are for Money Lines only and do not include totals.Finally, NHL sports betting has picked up 148.49 units in two years, and unlike MLB, NHL had four sportsbooks out of the top five gain double-digit units this past season. Keep an eyes on the top five sportsbooks at Sports Insights though, as NCAAF sports betting has been very liquid in that regard, with only one sportsbook (believe it or not, Bodog) finishing in the top five both years.

Thus, following reverse line movements is the same thing a following the smart money. To illustrate, let us say that San Diego Chargers open at -7 over the Miami Dolohins, and over 70 percent of the sports bets placed on the game are on San Diego. Carib ruled the roost season at 93-66-9, 58.5 percent, +18.55 units after ABC held the penthouse spot in the 2007-08 season.

To back this up, our friends over at Prosportsonline.net have tracked the records for games where over 60 percent of the public has been on one side, yet there was reverse line movement of at least one full point from the opening number at the top sportsbooks in NFL, NCAAF, NBA and NCAAB