Sports Betting Made Simple: TUESDAY: 20 DIMES WON ON THE HOUSTON ROCKETS - 7 1/2 AT HOME AGAINST THE DETROIT PISTONS, STOP LEGAL SPORTS BETTING IN NEW JERSEY!

Tuesday, January 17, 2012

TUESDAY: 20 DIMES WON ON THE HOUSTON ROCKETS - 7 1/2 AT HOME AGAINST THE DETROIT PISTONS, STOP LEGAL SPORTS BETTING IN NEW JERSEY!

You ever get the feeling no matter what you bet you will lose? Since Sunday I have been gambling shy. After collecting back all my temporary loans to the books with substantial interest, I guess its time to give them another very short term loan. You can't win every game!

Total profit since this blog started and today's beginning balance: $92,087

Bet per dime: ($92,087 divided by 1,000 units) times 1.1 = $101.30

ITS 1:22 PM EASTERN TUESDAY - FRIENDS OF CHEETAH SPORTS FOLLOW PLAY: 20 Dimes on the Houston Rockets - 7 1/2 at home against the Detroit Pistons playing in the Toyota Center in Houston, Texas at 8:05 PM EST., Bet $2,026 (20 X $101.30), grading this at - 7 1/2, here it was mostly - 7 1/2, a couple places had it at - 8, shop around!, RESULTS: WON $1,841

Final Score: Houston Rockets 97 Detroit Pistons 80

Total profit on the day: 20 dimes or $1,841

Total profit since this blog started and today's ending balance: $93,928

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UPDATE: Nate and I are going nuts here. We just learned a state back east, New Jersey I think is trying to legalize sports betting! Huh? WTF! Has anyone watched Jersey Shore? These folks in New Jersey should not be betting on sports! My goodness, what an outrageous concept. We are working with Nevada Senator Harry Reid's office to stop this on the federal level. We may need your support in contacting your senators and congressman. Just imagine it: Legal sports betting in New Jersey, its enough to turn your stomach!

Hey, don't point your finger at us Fat Man! You and Tony Soprano have to be stopped!

This is for the Governor of New Jersey from the Senate Majority Leader from Nevada - Mormons against gambling!, Garden State my ass!:

This man is a degenerate. Who is this clown, what is this "will of the people" crap? If you allow this in New Jersey, what is next? Ohio, Georgia, California, Illinois, Texas, Washington State, Pennsylvania, New York or even Utah? Listen to this guy talk about parlays, hey we don't do parlays here clown:

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I have no videos today of Brandon Lang or our other guest handicappers, except for Al "The Hook" DeMarco. Seems they are all traveling or they are having "technical difficulties." If you see any of them at the airport, be sure to say hi and buy then a nice cup of coffee for me! UPDATE: Stu "The Source" Feiner finally got his website back up and has a interesting video blog post. The Source finally discovered The Texans + 7 1/2 were the bet for last Sunday, welcome aboard Stu! It seems Stu has been in the kitchen watching porn all this time. Stu Feiner is going with the Baltimore Ravens + 7 1/2 and the New York Giants + 2 1/2 for the next round.

The Hook likes the Michigan Wolverines tonight as his free pick.

8 comments:

ShaneelJanuary 17, 2012 at 10:30 AM
question: you were dividing your bankroll by 1000 dimes. but now i see your multiplying 1.1 times as well. whats that about? thanks! good luck to us today!
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BloggerJanuary 17, 2012 at 10:47 AM
Shaneel: I multiply the dimes by 1.1 to cover for the juice. Say my bankroll is $100,000. So if i want to win say $2,000 on the Rockets, I have to bet $2,200 at the book. If I win I get back the $2,200 plus $2,000 in winnings, so I am up 20 dimes. But if I lose, I am down 22 dimes or $2,200 because the loser pays the vig. Does that make sense? I am trying to make it as simple as possible. Thanks for the question, I hope I have answered it. Good luck whatever you bet on today!
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BloggerJanuary 17, 2012 at 10:51 AM
The trouble with the paid touts, they never seem to bet or have a real bankroll. They say bet 100 dimes here or 1,000,000 dimes there and they don't have a sports monitor or never track a real bankroll. So the customer follows them and loses and then they have to find new suckers. I find the best way to track your play is with what you have actually won or lost, not how many dimes you have won or lost. Its really meaningless for me to track dimes because when I win my bet per dime goes up and when I lose my bet per dime goes down. To win in gambling, you have to cover the vig or juice. I have certainly done that in the last two months. The real key is you have to rate your games and win the big ones. I am using dimes here as a money management tool to calculate the bet amount I want to make. But you always have to take into account the vig.
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BloggerJanuary 17, 2012 at 10:53 AM
Shaneel: I have always divided the bankroll by 1,000 dimes and multiplied it by 1.1, since day one, check the old posts.
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BloggerJanuary 17, 2012 at 11:02 AM
Vigorish - The bookmaker's commission on a losing bet; also known as juice in sports betting.
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ShaneelJanuary 17, 2012 at 11:24 AM
oh ok, you can do it either way, 1000 divided and times 1.1

or

when you log in online sportsbook, they ask you risk amount or win amount. you can just put win amount 20 dimes w/e your amount it. and it will add up the juice. i guess its same.

thanks
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BloggerJanuary 17, 2012 at 11:32 AM
Shaneel: Oh I see, I am totally ignorant when it comes to online sports books except I know some of them can rip you off. I physically make my bets in sports books here in Las Vegas, Nevada. Thanks for the info, I learned something knew.
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Welcome. I hope you are having a great day!

This is an informational blog for Nevada residents only. Please feel free to make comments. If you think I am full of it, tell me! I hope this blog is helpful and entertaining and even possibly profitable to you. I will never tell you to bet a hockey game! Can I tell you the secret to sports betting in two words? Money management. One thing I know for sure, you are here and you are reading this. You are a winner!

My rules for sports betting:

As you win, your bets per dime should go up. As you lose, your bets per dime will go down. This automatically adjusts for runs or streaks. You should bet more when you are winning and bet less when you are losing. This rule does not apply to Labby Lines.

ALWAYS get the best line. Shop Around. Get up early. Have multiple outs. This is critical to long-term success, you have to do the work. Never play at a sports book which is known for not paying winners, make sure your sports book is not on the Black List. For grading purposes, we will grade all plays as what is most available to players. So don't be surprised if I change the line during the day for grading purposes, IF the line goes against me.

Use 1,000 dimes. Have the biggest bankroll you can put together. Most of the money you can just keep in the bank. But it has to be there to withstand any severe downturn. This is money you can afford to lose.

Never pay for a pick or bet based on what a paid tout says. You know I am giving you my best opinion, because I am not selling you anything! Help your hungry neighbor if you want to give money to someone. You need to have a filtering process to beat the vig. You got to win more than you lose.

If you ever get the urge to bet on a hockey game, lay down till the urge passes.

If you hit a winning streak and get ahead a lot, consider taking your original bankroll off the table and playing with just the profits. As night follows day, a good winning streak can be followed by a bad one.

Watch for fishy lines in college basketball in small leagues, such as the Horizon League. If several casinos have this off the board and the line moves so that it crosses zero stay off the game or consider betting which way the money is flowing. It may turn into a very entertaining game to watch in the last two minutes.

Don't bet the board. Be very selective. Surround and pound! Scared money is no money. Less is more!

Don't do parlays. Bet one game at a time. Parlays are for losers. Never bet on a hockey game.

You can do teasers, but be very selective.

When you get burned out on gambling or don't feel you are up to your best game, take a few weeks or months off. Enjoy the profits. Travel the world or do something different. Life is short.

Football rule - Tattoo this rule on your arm: Buy the half point (the hook) either up or down depending whether you are on the favorite or the underdog when the line crosses 3, 4 or 7 and sometimes 10.

In the NFL, skip the game or play the other side when a home team opens up at -2 1/2.

Bet the favorites early and underdogs late, especially in a game that is getting a lot of action. Generally the public will be all over the favorite, driving up the price.

Reader comments may be deleted to eliminate spam or to protect the privacy of my readers. For awhile I was using the statcounter program to monitor traffic. That script has been removed from this blog and I now have no idea how many people now visit the blog or where they are coming from. The time I did monitor blog traffic helped show me what the blog readers were interested in.

For purposes of this blog, all handicappers and readers reside in Las Vegas (even though they may actually live somewhere else) and are regulars at the Mirage Sports Book.

This is not a hate or an expose site. This site is about making money and humor. I appreciate all the guest handicappers who make a periodic appearance here. Good luck to you all!