Money Management & TOTW.

Senor Capper

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With March Madness getting ready to start here is a money management tip that you can use to win a set amount of money over the course of the entire Tournament.


Well here it is:

Let?s say you would like to generate a $1,000 profit during the Tournament. :yup

Start with the betting series.

100-50-100

The only thing you have to do is eliminate the 3 numbers in the series by betting 2 team parlays.

Start by betting a 2 team parlay that would win you enough to eliminate the 2 outside numbers in the series. In the above series that would be 200.

For examples will we use -110 to calculate amount of parlays to bet.

So if you wanted to win $200, you would have to bet a $75 two team parlay.

If you win the parlay, you would have eliminated the 2 outside numbers in the series.

The 100-50-100 series would now like this.

50

Know you would only have to bet a 2 team parlay that would win you $50.

If you won this parlay your series would be complete, and you will show a $250 profit. :)

Now let?s look at what will happen when we lose a bunch of parlays before finally hitting the 2 parlays that are needed to eliminate the series.

Again the starting series is:

100-50-100

Our first bet is a 2 team $75 parlay. But now we lose this parlay. :cry:

What you do here is breakdown the losing parlay amount into three equal parts and add it into the beginning series. Your new series would now look like this.

125-75-125

Your next bet is again enough to the total of the two outside numbers. So your next parlay would $95 which would win you $250. If you won this parlay, you would have eliminated the two outside numbers (125,125) and the series would loo k like this.

75

Now you would only have to bet a parlay that would show you a profit of $75. If you won this parlay, you would have eliminated the whole series and would be showing a profit of $250.

I hope you are starting to understand the beauty of this simple little money management system. :rolleyes:

Here are the rules to follow:

?Establish a certain amount you would like to win. Example $250

?Create a 3 number series ? 100-50-100

?Bet enough with a two team parlay to eliminate the two outside numbers.

?When you hit your first parlay, eliminate the two outside numbers, and now bet enough to eliminate the final number remaining in the series.

?When you lose a parlay, breakdown the losing amount into three equal parts. And add each part into the three numbers in the series.

?Keep on adding losing parlays into the original series until you hit a parlay.

?When you hit two winning parlays you will have eliminated all three numbers in the series. And will now have a certain amount of profit determined by you.

By hitting only eight two-team parlays over the course of the entire Tournament, you will have won four betting series. In the above example where you?re betting series was 250. You will show a profit of $1,000. :clap:

I do it every year, it's simple and it works. :Yep:
 
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nole47

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im just going to come up with a value for each % and follow thunder to the bank as i have been doing last couple weeks with a look at box and ones picks as well. thunder is the only guy i have seen really turn a huge profit by solid money management and still playing alot of games.
 

genosays

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What going against our Jayhawks??? Have to admit I was looking the same way as Utah State will of course try to slow this game down to a crawl. However if they fall to far down that strategy will be out the window won't it?? I know its just a trend (and a good one ATS) at that .... but since it looks like I will be in OKC for the KU/Utah State game don't know if can do that. Good luck in the tourney and of course .... Rock Chalk Jayhawk!!!
 

jcuaudi

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Good Info Senor-

Two questions...do you only play two team parlays? I actually like playing two teamers bc I feel that the reality of actually hitting them is very good...and if you play a lot of two teamers, why don't you post them?

Thanks for the info and I'll be looking into playing your system...

what happens if you lose about 4 parlays in a row?...you just keep adding to the series?

I hit a two teamer tonight with:

Parlay (2 Teams) 03/18/03 14:47 ET
xxxxxxxxxxxxxxxxxxx Result: Wager Won
NCAsheville 92
TexasSouthern 84 03/18/03 (19:10 ET)
NCAsheville +1

NCAsheville 92
TexasSouthern 84 03/18/03 (19:10 ET)
Over 146

so I'm happy! :D
 

nole47

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ask some of these "pros" here but parlays are tough to hit. 3:1 and pay 2.5:1 . i do like playing money line parlays if i just want to root for a team to win and not be dissapointed if they dont cover
 

jcuaudi

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nole-

I agree, but I like playing the two teamers bc they can be hit and I do hit them, it's better than blowing money on a five teamer that you probably won't hit...but you know you always want to play them just because...
 

Dr. Wiggles

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Im interested in the system, Ive been searching for something for the past couple of months. I am new to sportsbetting and just started in Jan of the year. I luckily have managed to be up ~10 units for the year, but feel I can do much better we better management. Does anyone have a system that does not involve parlays?
 

buddy

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You've probably heard over and over Money Management is far and away the most important aspect of sportsbetting.

There is a very good reason for this:

"Good money management will always make up for poor handicapping, but good handicapping will never make up for poor money management."

But what does good money management really mean?

If you are new to sportsbetting, in effect you are trying to juggle three containers, each one loaded with nitroglycerine:

1. Money Management
2. Handicapping
3. Betting Strategies

Just learning to handle one of these is difficult.

Trying to do all three at the same time, especially when you're new, can be extremely costly.....not to mention explosive.

See if you can throw the Money Management ball in the air and when it returns, catch it with both hands.

That means bet one game for a minimal amount and accept the outcome. If you win, say "Man, I was lucky". If you lose, say, "Well, that figures 'cause I don't have any idea of how to handicap and money management saved my hind end."

If you won the game, try and think what first made you like the winning side. Was it a team playing at home after three games on the road? Or a road team which has a good history of playing well on the road in the role of a dog? What was the clue? What made you think you had half a chance of covering in this matchup?

If you lost the game, rather than plunge ahead and make a guess at another game, spend some time in review and try to figure out why you lost. Did you lose by 1 point or 21 points?

Spending time in review of your selections will be a tremendous help in your handicapping and money management will allow you to "connect" to the action as you go on your merry way.

When I first began to handicap, money management meant the absolute minimal exposure of my bankroll.

I was far more interested in learning to handicap (and I still am), than thinking I could take Vegas for a ride.
 

THUNDER

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very good buddy- consistency is the key- parlays are a good way to throw away money- if your doing it for a little fun fine with a very small amount of your br- but parlays as a intricate part of mm will cost one in the short and long run. i have a very good friend who follows my plays to a tee but bets alot of parlays and teasers-and sometimes supersizes on plays. he is up but only half of what i am starting with the same br- i ussually play a half % parlay when i have 2 or 3 high rated plays- i do not post this because i do not recommend it. bui have no idea if i am up or down on these parlays. i do it for fun jmo gl
 

Hindsite

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Senior Capper,

Thanks for the post... I find it interesting, but have a question... What if you win the outside numbers 100-50-100 and lose the next parlay for the middle 50... Would your next series look like.... ? 20-10-20 + (20 divided equal for all three parts that you lost for the middle wager???)
 

Senor Capper

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jcuaudi said:
Good Info Senor-

Two questions...do you only play two team parlays? No I straight bet 95% of the time.

and if you play a lot of two teamers, why don't you post them? I sometimes parlay the picks I post as well as straight betting them.

what happens if you lose about 4 parlays in a row? QUIT !!! ;)
 
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Senor Capper

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Hindsite said:
Senior Capper,

Thanks for the post... I find it interesting, but have a question... What if you win the outside numbers 100-50-100 and lose the next parlay for the middle 50... Would your next series look like.... ? 20-10-20 + (20 divided equal for all three parts that you lost for the middle wager???)


Dude right now my head is spinning from muscle relaxers & pain relievers (& a couple of Buds) I will get back to you when I'm worth something
Unless somebody in their right mind answers first.
:rolleyes:


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