MLB RPI SYSTEM 2012

I'm guessing not everyone is betting the same units, especially on C games. Some will use a labby line or a modified Martingale. I didn't bet to get back all the losses and gain 1 unit on Texas tonight. Way too much risk. I got back some and will just add the small loss to my labby line to be made up in future wins.

The Texas win was nice.

If you manage your bankroll and stick with the system, it is +EV. 

Plan for the worst, (going to a C game with high juice) and don't take the play if your emotions or bankroll can't handle it.

I wanted to ask what types of money management strategy / labby line strategy are you guys using for this system?

I know B2W posted some thoughts but I didn't see many responses.  I think it would be a good idea to either come up with 1 ideal money management strategy for this system, or come up with a few options that all work well.

I am following B2W's original betting / money management system - which is

Money Management
My personal money management system goes like this, as an example of a $1000 Bankroll at 3%:

1. I use a MODIFIED MARTINGALE approach.  Here’s an example using a -200 line:
A BET: $60 to WIN $30. Let’s say it loses.....
B BET: $180 to WIN $90. You have essentially covered your first loss and still going for a $30 win. Let’s assume this loses....
C BET: I normally bet EXACTLY the same amount to win  as my “A” bet.  SO my “C” game bet would be $60 once again.

I think the issue with this is losing money / cutting your losses on the "C" bet, but with high juice games - covering your "A" & "B" bet with a "C" bet is tough - so from what I have been reading - some folks are using modified labby or martingale systems - can we share so we can figure out an ideal scenario for this system?

In your example, you are risking 6% of your bankroll ($60 bet on $1000 bankroll).  I think when people refer to 3%, they mean risk 3%.  So your A game bet should be $30 to win $15 in your example.

Canis - it's B2W example - but I get what you are saying - you want to only risk 3%

But the real question is how do you bet "A", "B" and "C" games optimally.  There are several options

All options assumes losing "A" and "B" games and going to a "C" game

Option 1) Cover "A" game loss plus 1 unit on "B" game; Cover "A" and "B" game losses plus 1 unit on "C" game

Option 2) Cover "A" game loss plus 1 unit on "B" game; Repeat "A" game bet on "C" (i.e B2W betting strategy - reduce risk in the event of losing the series)

Option 3) ??????

Are there any other options?

Degen - I bet to win 1 unit on game A, if it loses I bet to gain that back plus a 1/2 unit. Game C would depend on the lines from A,B and C.

I think it depends on the amount of losses (juice) on A and B. In the Texas series the lines were very high for all 3 games. In this case I used a slight modification on B2W's example and bet on C to win 1/2 of what I lost on A and B combined. Still a loss on the series but if game C was a loss and you used a strict Martingale, you're toast. The lines I used would have resulted in a 30+ unit loss. If I would have lost on Texas game C it would have been a 12.5 unit loss, but since they won it was only about 3.5 loss. For game C on the Dodgers, the losses from A and B have been minimal (less than 3 units) since the lines were so low and today they are an underdog. For today I'll wager 3 units to win 3+ as an underdog and walk with a slight gain if they win. If they lose, it's less than 6 total units for a 3 game chace.

All depends on your risk tolernace and bankroll. I use far less than the 3% that B2W suggests but I have a higher bankroll than what he used in his example. Still like to keep bets low (below $1000).

NEW, Version 3 of the RPI Chase and Tracking spreadsheet is now available.

Fixes:

• Schedule has been updated - thanks go to meganbob for doing the work

New:

• MLB DB now includes bet performance by team
• Results of RL, ML, O/U, Home, and Away records are now shown on the MLB Results tab
• Top and bottom three performing teams are now shown on the MLB Resutls tab
• Import button added to help in moving your old tickets over from a previous version
• Notes column added for keeping notes on bets
• History current from 4/30/2012 to 5/17/2012

Screen Shot #1

Screen Shot #2

Download Here

Notes:

• International users need to set Windows to use the US Date/Time format.
• Series games that end with an asterisk ' * ' indicate a four game series.
• Series games that end with a double asterisk ' ** ' indicate a two game series.
• The Streak on the MLB Results worksheet is accurate to the last consecutive result.
• The Last 10 on the MLB Results page will not update until there are at least 9 results.
• As noted on the MLB Results worksheet, do not delete the last line, it is needed.
• Do not manually insert lines.  Use the Add Ticket button or Import button as they run macros and copy necessary formulas.
• Inserting new rows or columns may cause unpredictable results.  Exercise caution if you choose to do this.

* No guarantees of any kind as to accuracy or functionality.  This will not make you a winning bettor.  Losses will occur.  Use at your own risk.

Please post all questions or comments in the discussion thread located here.