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Total profit since this blog started and today's beginning balance: $87,536
Bet per dime: ($87,536 divided by 1,000 units) times 1.1 = $96.29
ITS 2:39 PM EASTERN WEDNESDAY - GOLDEN GOOSE FADE PLAY: 50 Dimes on the North Carolina Tar Heels - 5 1/2 visiting the Miami Hurricanes playing in Coral Gables, Florida at 8:00 PM EST., Bet $4,814 (50 X $96.29), grading this at - 5 1/2. As always, shop around. RESULTS: Won $4,376
FINAL SCORE: North Carolina Tar Heels 73 Miami Hurricanes 64
Profit on on the day: 50 dimes or $4,376
Total profit since this blog started and today's ending balance: $91,912
good luck tonight. any chance u have a YTD record on your plays since november?
ReplyDeleteoh and i think what I may do. instead of flat betting 4* every game. im gonna play my bets using only 2% of my bankroll a day with a maximum 14% of my bank roll in play a day (7 wagers) and this is obviously all on sides/totals or any games that dont surpass -120. I figured its the best way to go for me considering i go on constant hot/cold streaks. your thoughts?
ReplyDeleteMacMiller: I like that! My YTD record is my bankroll. I like what you are going to do a lot as your bets will be going up as you win and your bets will be going down as you lose. The key point as you point out in your comment is gambling is streaky. If you win ten bets in a row your bankroll should show it! I am now basically betting 5% of my bankroll on just one game a day. I don't really understand anything but how big your bankroll is or how much money you have in action. That makes more sense to me than units or dimes. For example, Indian Cowboy gave out a college basketball game today on the Western Illinois Fighting Leathernecks -8.5 over the UMKC Kangaroos. If you are betting $5,000 on one game, betting Western Illinois is hard to do. First of all, most of the casinos don't even have the game up. If you were to bet it big it would be very hard to move your money at the rest of the places without the line moving. Its important to talk about money and not just units or dimes because in the real world you are betting cash. Those are my thoughts but I like where you are going!
ReplyDeletethanks for the feedback blogger and yes for sure you really got me thinking when you talked about money vs units! I will still track my games at 4* the rest of the year on my blog but on the side I will start betting % of bankroll!
ReplyDeleteI also found this interesting on proffesionalgambler.com.. your thoughts?
ReplyDelete"I bet 1% of my bank and continue to flat bet until my bank grows by at least 25%. Then I recalculate the 1%. Thus if I started with $10,000, I would bet $100 a game until my bank grows to at least $12,500. At that point, I would refigure my unit to $125. It would stay there until I reached at least $15,625. That way my actual risk reward ratio doesn't get too high. The other thing that I do that is unique and rather arguable is that I never lower my bet. Remember, if you vary the bet, your breakeven goes up. At a 1% unit and 19 year's experience, I'm comfortable that I can ride through a losing streak. If you lose 10 games at $200 a bet and lower the bet to $180, you must win 12.2 bets to get back to even. That is how I get my 100% annual ROI. My actual bet goes up during the year as my bankroll reaches higher plateaus."
MacMiller: I don't like what he is doing as he keeps betting the same bet per unit when he is losing. I want to be lowering my bets automatically as I lose. When I win I want to be upping my bets. I don't really like what he is doing there. I want to tap into the power of compounding interest when I am betting, whether I am losing or winning. He talks about being comfortable riding through a losing streak. My comfort comes from knowing no matter how long the losing streak continues, my bankroll will never go to zero because I am always betting a percentage of my current bankroll. Its impossible to go broke that way. Gambling is streaky as you know, I like to tap into that power when I am winning and control my losses when it goes against me. Even with just betting 5% of the bankroll you don't need that huge of a streak to double your money.
ReplyDeleteMacMiller: You might take all these different systems and take your record and see how you would of done using various betting methods. It might give you an idea what you personally are comfortable with.
ReplyDeleteyeah ill defiantly look into it with my previous picks and let u know. good luck tonight!
ReplyDeleteThank for your sharing good blog comment.
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