Hey I recently started investing in sports after loosing a lot of money trading stocks. I lost money not only as a result of the performance of the individual stocks I was investing in, but because my brokerage fees & commissions ate up the majority of my tiny profits. So in September, I decided to take what would later be become 60 betting units out of my brokerage account and take the plunge to start strategically betting on sports. Needless to say, when began I was anything but strategic. Quickly, I found myself with 13.92 units in my online sportsbook account after exponentially increasing the size of my wagers after each loss using the Martingale strategy and falling prey to the gambler's fallacy of believing that the outcome of independent events will somehow influence the outcome of future events(i.e.: "The Yankees almost never loose five games in a row, so I'll bet even more money hoping that the loosing streak will break on the sixth game.") A more logical way to approach a streak would be to see that if they lost five games in a row, there is a clearly an issue with their performance, and until they can show me that the issue has been resolved it's likely that the streak will continue. That is just one component of my strategy that has helped me turn things around. Back to my journey so far. When my account had 13.92 units left in it, I was faced with a tough decision. Should I scale things down by making my units a lower value and slowly work my way back up to my original bankroll, or should I just bite my lip and take a huge risk. I chose the latter. I bet everything I had left on a two team parlay that came through big time. Even though the positive side of my journey began with a fool's bet, I have since developed a great disciplined strategy, that after 31 bets has given me an 82.75% success rate that I am documenting on twitter. Now my account has over 113 units at the moment, and I hope to reach 1000 units within one year. I will update you guys with my progress as I make my way to the top! If your interested is this, I'll be happy to answer any questions you might have about the subject.