Syncing the cold line...
The Cold Line
Syncing the cold line...
The Cold Line
The short answer
Increasing bet sizes after losses to try to get even. Very dangerous!
What does chasing mean in gambling? I gotta say something. — What's that? You gotta pick up right now. Now. Walk out. — Can't do that. — Sure you can. — Can't do that. — Look what you did — you've got him by the balls. Tell me, man. Please. Just pick up. Walk. Right now. Bernie, I just got here. That was Owning Mahowny — a man who cannot leave while he's down, or up, or at all. Betting bigger to get even is chasing, and it's how the hole gets deeper. Increasing bet sizes after losses to try to get even. Very dangerous! In plain terms: chasing is betting bigger because you just lost — trying to win it all back in one swing. It is the single fastest way a bankroll disappears. “Well guys, I'm done for the week. Monday's a new week — the last thing I need is to bury myself chasing.” Let's use this example. Owning Mahowny is the truest chasing story ever filmed — Philip Seymour Hoffman as a bank manager betting bigger and bigger to get out of the hole, until the hole owned him. Our own Joey Jacoby runs the same play every Sunday: drops a hundred on the early game, two hundred on the late game to get it back, four hundred on the night game to get THAT back. The real rule is brutal and simple: after a loss, the next bet is the same size — or nothing at all. Lines and prices can differ by sportsbook. Nothing here guarantees a result or tells you to bet. Lines move and books differ. Nothing here is a guarantee or a command to bet — it's how the number works.
Knowing the language is step one — knowing the true price is the edge. The Cold Line’s signal desk tracks the no-vig fair number and the closing-line value behind terms like this, before the market moves.
Betting more because you're losing. BAD IDEA! This is how bankrolls disappear.
Term quiz
1.Chasing means…
2.Why is chasing so dangerous?
3.The lesson uses Owning Mahowny — a man who will not walk away while ahead. What is the lesson?
Explore the next question before you place a bet.
You know what Chasing means. Now see it in action: The Cold Line’s signal desk prices the no-vig fair number before the market moves — and publishes the closing-line-value receipts to prove it. A signal desk, not another tout or handicapping service.
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