My Bettting Manifesto - long winded theory on sportsgambling.....

Bump 3 years later.

[Quote: Originally Posted by vanzack]This is my philosophy and methods on the business side of sports gambling - NOT HANDICAPPING - which I feel is not nearly as important as other factors: Everyone talks about bankrolls and how much to bet of that bankroll. First, I want to define “bankroll”. To me, a bankroll is an amount of money you have to lose in an investment. That doesn’t mean that you are homeless if you lose your bankroll, it means that is the amount you are willing to risk losing it all in order to achieve your goal. Establishing a goal for a period of time or season. This goal is in relation to your bankroll. Do you want to double your money? Make 50%? What is the timeframe? A season? A month? So when you have a goal and a bankroll, you have established a pseudo wager. You are wagering your bankroll to hit your goal in a certain timeframe. You are willing to lose your bankroll in order to hit your goal in that timeframe. MY GOAL IS TO DOUBLE MY BANKROLL IN A SEASON. I believe in flat betting – more or less. And I believe in risking more of your bankroll on each game than you have heard before. I suggest risking 10% of your ORIGINAL bankroll on each game with no more than 13% on great games and 7% on borderline games. Risking 100% of your bankroll on a given day is not taboo, but probably necessary to hit your goal. I realize that you could lose your bankroll in a day, but this is an investment and not intended to last a season. Its not entertainment, its about hitting your goal in your timeframe. The most important way to increase your chances of hitting your goal is getting THE LOWEST JUICE POSSIBLE. I average 2% juice. I use exchanges and other means to get juice as low as possible. I subscribe to the theory that I am going to handicap at about a 55-60% range, so I can drastically increase profits by reducing juice. This is where my sweat and research go in – even above handicapping. I know this sounds unusual – but I know that handicapping can only be so good – and juice reduction is the way to make profits on a flat handicapping percentage. So let me give you examples of how low juice affects your bankroll and how my system pays out: 2% 10% Starting Bankroll 100,000 100,000 Record (58%) 58-42 58-42 Win $ at 10K per 580,000 580,000 Loss $ at 10K per 428,400 462,000 Profit 151,600 118,000 That is the difference right there. If you can go 58% there is a monumental difference in profits when you have reduced juice, so much so that you would have to go 60% at 10% juice just to match it. Yes, I recognize the volatility in a model like this. I recognize that if you start out 0-10 you are done. I realize the risks – but firmly believe this is the most sound way to go about reaching an aggressive investment goal. So to all of those that say you cant make money sportsgambling – in the above example I show you that with a 100k bankroll, and by going 58%, you make 151k profit. Not bad for doing what you love. Opinions are appreciated. GL

Bump, did this to read sooner or later!

i say even if you use 10 % of bank per game go with minimal plays per week in nfl theres always 2 or 3 game that just glow at you

so if you have a huge bank of $50,000 you can wager $5000 per week so lets say you averaged 4 games per week 68 games

straight bets only you won 60% = 40.8 won ok 41 X $1250 = $51250 won net profit = bank of $101,250 =  great salary per week $1947.11

plus what you really make like say $45,000 per year