Documented Results as of May 11, 2015


Monday, October 7, 2013

There Will Be Days Like This...

Wow! What a Sunday. It's not often I put up a goose egg but when I do it hurts. I went 0-3 yesterday thanks to a healthy scratch of Megatron, which limited the Lions offense, the Patriots inability to get into the end-zone and the Chargers committing 5 turnovers and losing to the Raiders. All of this can be filed under what can go wrong will go wrong.

Here is my record to date:

Last Week88050.0%-$0.66
Last Month2121050.0%-$3.31
Last 90 Days2226045.8%-$12.18
Last Year3783431452.4%-$24.37

Sunday was a good lesson in bankroll management and the gambler's worst enemy, throwing good money after bad. Let me explain.

First, bankroll management. If I were not betting within my bankroll and betting the same amount with each bet I might have lost a lot more than I did. This is one of the reasons why I changed my strategy for sports betting. Instead of trying to make money off of each bet I go for 60% and if I achieve that then my bankroll will take care of itself. Kind of like poker. If you play good solid poker your chip stack will take care of itself.

Secondly, throwing good money after bad. We have all been there. You are down as the early games come to an end so you try to make it up on the late games only to lose twice as much as you lost on the early games. Then you only have two more games, the Sunday night game and Monday's to "make it back". This is death to all gamblers. In order to prevent this from happening. Put all your bets in at the same time including Sunday nights game, and let the football bounce. You will protect your winnings and minimize your losses.

Now on to the picks.

Jets (+10) @ Falcons: This is way too many points to give up taking the Falcons especially since they are 0-2 this year against the AFC East. However these are the Jets we are talking about and Atlanta is at home. I did throw the Falcons in my 4 team teaser which is dead now thanks to the lack of scoring in the Lions/Packers game, and I still stand behind the pick that Atlanta will win tonight but I'm certainly not laying 10 points and I have no idea where the over/under will land. The Falcons are (-494) on the money line so I'm going with that.

I know I haven't even mentioned baseball since the rebirth of this blog but I love betting on baseball just not the playoffs however, I'm taking the Red Sox (-112) tonight to close out the Rays. The Sox offense is relentless and Bucholtz has had a lot of success at the Trop taking a 2.26 ERA in nine starts there which is the best among active pitchers with at least 16 starts.

On to hockey...

Yes I bet hockey too.

My strategy for betting hockey the last couple of years was to pick one team and bet on them every game. The last two years that team has been the Blackhawks. I've had pretty good success. I'm going to expand this strategy and take the top 5 or 6 teams and look at match-ups and then go from there. It seems a bit silly to blindly bet on a team no matter how they are doing and who they are playing.

Tonight I like the Kings (-150) at home versus the Rangers.

Good luck all!

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Documented Results as of May 11, 2015