does most people hear bet on the playoffs?

[FrostedMoose]

Do most on hear bet on football? i got about $23000 on the wild card games after that i got to see where i stand.

[disneysteve]

You’ve bet $23,000 on some games? And you have $121,000 in cash under your mattress and almost 1,000 silver bars buried in your yard.

What do you do for a living? You must be making some serious money to be able to throw it away like that.

I’m not a sports fan and don’t bet on sports. I do gamble occasionally. We were at the casino just the other day where I lost $40. Never would I wager $23,000 on anything. We’re multi-millionaires but certainly don’t have that kind of money to just throw away.

[FrostedMoose]

we dont keep money in mattress and our bars are hid on tribal lands. gambling is our culture and is safer than things other people trust. lots of people bet our tribe runs a casino for customers.

[kork13]

Similar, I'm not a sports fan, and definitely don't know or care enough to bet on it. But in general, I don't really gamble anyway ... Just never found losing money enjoyable.

[bjl584]

Big sports fan, but not a gambler.
I just watch for the entertainment value.

[ua_guy]

I don't even waste time watching the games.

I hope that's 23,000 pesos.

[myrdale]

Most people here are going to bug out when you say that you've bet $23,000 on a sports game. That said it's all a matter of perspective and percentages.

Could I bet $1,000 on a single game? Sure. Would I personally? Never.

That would only be about 0.2% of my net worth. I haven't read your full story, but if that is 20% of your net worth the you're insane.

If on the other hand you have a net worth of $5M, no debt, and it wouldn't affect you to loose then what difference does it make? Your bet is like other folks here stopping for Starbucks.

[FrostedMoose]

man's worth is not measured by his belongings. my bets are on 4 games not just 1 and i do parlays to spread my risk.

[scfr]

I choose not to line the pockets of a gambling entity taking a cut.

[myrdale]

man's worth is not measured by his belongings. my bets are on 4 games not just 1 and i do parlays to spread my risk.

A man's financial wealth is.

Your net worth is equal to: Assets - Liabilities = Net Worth

For example:

You own a $200,000 home. (Asset)
You owe $100,000 on that home. (Liability)
You have $10,000 cash. (Asset)
You have $50,000 in retirement. (Asset)
You owe $20,000 in debt. (Liability)

You would have a net worth of $140,000

Beyond your net worth, consider working up a budget.

For example:

You bring home $5,000 per month.
Utilities are $500
Food is $500
Insurance is $200
So on and so forth......

At the end of the month, what ever cash you're left with you still need to assign it to a catagory. Savings? Investment? Fun?

In my own personal budget I have two separate items for the "Fun" catagory listed as:

1) Entertainment
2) Hobbies / Luxury

Hiking gear, telescope, bee hives, new TV, all fall under the Hobby / Luxury category.

TV subscriptions, vacations, picking up bar tab for friends, gambling (lottery ticket in my case) would be entertainment (by my personal definition).

There is absolutely nothing wrong with saying I am going to spend $100 this month on alcohol, so long as it's not a problem (you're not an alcoholic / DUI / beat your wife).

Similarly there is absolutely nothing wrong with gambling, so long as it's not a problem (you're hiding it from family, you can't afford it, you steal to fund your addiction).

All of this is to say: What percent of your net worth is $23,000 bet on a football game?

[QuarterMillionMan]

I used to bet a lot, and I used to pay for the subscriptions to MLB TV, NBA League pass, etc. But when the leagues started to force feed me all the phrases on the sidelines at half court, or in the end zones, etc. I cancelled all my subscriptions. I don't even watch the free games on my local channels of NBA. Haven't since 2020. It is such a waste of my time and I'm glad I came to my sense and no longer bet sports. It's silly, lol. But I will still watch occassional free games of NFL.

[FrostedMoose]

some men gamble on the stock market other men gamble on football. football funner.

[disneysteve]

some men gamble on the stock market other men gamble on football. football funner.

Are you seriously comparing investing in equities with betting on a football game? Good luck with that.

[FrostedMoose]

all of life is a gamble my friend. we all rent. nothing you have is yours.

[myrdale]

all of life is a gamble my friend. we all rent. nothing you have is yours.

If you're looking for people to support your gambling activities then you've probably come to the wrong location. It's one thing if you're doing it for fun. If you're looking to get rich quick / alternative income / you know how to beat the system then I suspect you have a problem. If the numbers you've provided thus far are truthful and you're betting 20% of your net worth on a football game, then I know you have a problem.

It reads as through you're looking for justification for your decision to wager $23,000. My personal advice is cancel your bets now.

To the end of keeping the conversation honest, if you're going to keep the bets, how about going ahead and posting your picks below. Then we can see after the fact how well your financial choice played out.