Best vs. Worst and Handicapping at its finest

[kneifl]

For those of you who take records I am curious to know what percentages your records vary from year to year. I would think they would be +/-5% but I am sure that some people have had great seasons and terrible seasons as well. I know that some of you probably keep close tabs on this because you are in it for financial gain as well as the fun.

Also, I once read that if you hit 60% over the course of the season that you would double your initial money (depo or whatever). I think that Nolan wrote this, but I could be wrong. Is this true?

While some of us can only hang in there in certain sports I would also appreciate any comments on handicapping philosophy, strategy, size of wager relevant to size of account, etc. I have read many articles on this subject before (actually very many), but with the big NFL/NCAA season approaching I would like to refresh my memory.

kneifl

[This message has been edited by kneifl (edited 08-05-2001).]

 

[djv]

Believe I mention this once before.
Football combined over 35 years. Low 43% high 61%. Many Many 49% to 53% years. But percentage does not always tell story. Many of those 50/51/52% years. You win with good money management. Plus your key picks come in that are 2 units each. Hard work pays off.
College Baskets. About 20 years worth, 46% to 63%. This is sport I found to be best for me. But much time is needed. So I have done little last few years. I just pick some spots. When I retire in two years. I will put alot of effort in this sport. I believe its the place to make it good.

 

[Frogy]

Hello kneifl.
I really like your question and specially the part about good money management.
Personnaly, i feel i could get much better if i would control this point. Much too often i will let a game being on t.v or my mood influence the wager amount. This is not helping at the end of the week and probably explain why this is more a hobby than an investement. Of course i have my systems, i follow the news but poor money management and a lack of a good system is not working for me.

On an other i'm doing very good but i am loosing when i'm letting bed money management take the control.

I really wich i had a betterr system wich would help me do more $ at the end of the month.
I also have a problem to know when to cash in. What ratio should i use?
Many questions wich i must learn to control so it can help me in the long run.

 

[buddy]

frogy,

I've been told that some players do this...

They determine their "gambling bankroll"...

Their plays are 2% of that bankroll...

straight plays only...

If they hit a "warm" streak, they slightly increase their plays, say to 3%...4% on rare occasions.

If they hit a "cold" streak, they decrease their plays, say to 1%...

The more you lose, the less you bet...

You NEVER increase your bets when you are losing !

my two cents...To be a good gambler, you must learn how to lose.

Good Luck

 

[bmc]

My post re: money mgmt from Feb when the lines tightened up in NCAA hoops:
http://www.madjacksports.com/ubb/Forum15/HTML/003304.html

 

[Frogy]

Buddy i like your system.
The thing is that it takes discipline and not to get carried by the emotion.
I'm still in the learning process but your system make a lot of sense.

 

[buddy]

frogy,

May I ask you a money management question? Which, for you, comes first?

Sportsbetting is action entertaiment.

Sportsbetting is similar to investing in stocks.