Thursday, April 26, 2012

Day 68

Thanks to those who responded through comments or e-mail. It means a lot that I am helping others. I've been doing this for over 10 years, and I learned a lot. I think I have a lot to share to help others. I also know that I will improve as well. So if anyone has any questions, please let me know.

If there is one thing that I learned about, it is bank management. Always try to keep your bets to be a small % of your total bankroll. There will always be losing streaks, so you want to be prepared for those, and no matter how confident you may feel about a certain game, try never to bet moer than 10% on one game. I try to keep mine at 3%, and 5% for games I feel real strongly about. With a bankroll of $500, Ive started with bets of $15 and eventually it would build up. One of the biggest errors that people make, and I have made many times is to double up after a loss. Sure at times it will work, but when it doesnt work, you go broke. If you can win around 60% , you will be profitable, just takes patience.

Ok enough with that, let get to the games

Totals
College $3,952
NBA
88-56-3  $11,542
NHL
50-39-9  $6,514
MLB
14-8-2   $1,900
Total Profit
$23,908

MLB-  Still keeping units at $200. I am doing well with baseball, 63%, on a good run, but without a lot of data, I still do not feel confident. So I am trying to keep these bets at 1% of my bankroll for now.

MLB
Miami/Mets Under 7.5
Washington/SD Over 6.5

NBA
Washington -7.5
Miami is sitting guys and wash has been on a hot streak.

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