Sports Betting Made Simple: Tuesday: I Am Taking My Starting Bankroll Off the Table, I Am Playing Just With My Profits Starting Today, Lost 33 Dimes on the Chippewas + 17 1/2

Tuesday, December 13, 2011

Tuesday: I Am Taking My Starting Bankroll Off the Table, I Am Playing Just With My Profits Starting Today, Lost 33 Dimes on the Chippewas + 17 1/2

Since starting this blog, I am up $64,406. I am taking my original stake of $100,000 out of action and am now playing with just my profits. Same money management, its just no longer a need to risk my starting bankroll. My risk of an overall "lifetime" loss is now zero. I will never be down a penny or more lifetime, unlike tout Brandon Lang who is down more than 5,000 dimes. Money management is about adjusting for risk, and when you can, eliminating the potential for loss entirely.

Today's beginning balance: $164,406
Withdrawing our original starting balance: $100,000
New Today's beginning balance: $64,406

Bet per dime: ($64,406 divided by 1,000 units) times 1.1 = $70.85

Back to the well:

INDIAN COWBOY FOLLOW PLAY: 30 Dimes in college basketball on Central Michigan Chippewas + 17 1/2 visiting the Minnesota Gophers, 9:00 PM EST, Bet $2,125 (30 X $70.85) (NOTE: I am grading this at + 17 1/2, this is widely available), RESULTS: Minnesota 76 Central Michigan 56; Lost $2,125

Loss on the day: Down 33 dimes, Down $2,125

Total profit since this blog started and ending balance: $62,281

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INDIAN COWBOY:

Paid Picks:

4* College Basketball, #545. Take Central Michigan +17.5 over Minnesota, 9:00 PM EST., Loss

4* NHL, Over 5.5 Goals Carolina vs. Toronto, 7:00 PM EST. Loss

Free Pick: Florida Atlantic + 13 visiting Mississippi State Win

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BRANDON LANG:

No video as Lang is in pre-production meetings today.

Paid play: 10 dimes on Dartmouth + 10, Win

Free pick: Cal/Irvine - Wyoming Under the total of 133. Win

Lang to his customers:

"Just unreal. So close to a monster bust out week. A play or two away only to come up short.
The rest of December is going to be monumental and the tear I'm about to go on will be legendary and I will have the last laugh to close out this year.
Just watch me."

We are watching...and fading!

2 comments:

CPDecember 13, 2011 at 9:13 PM
I love this blog man...too funny. Lang is such a beat...nice new ride btw!

Let's get em tomorrow.
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BloggerDecember 15, 2011 at 7:27 AM
Thanks CP for posting. Didn't have a play on Wednesday.
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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!