Wallco NHL GOLD (+453 units in 6 years)

[Wallco99]

i am not going to clutter this thread with a bunch of labby stuff. Its just a matter of comfort. It makes A B and C more equal to each other rather than increasing and risking up to 40 units on a series. Quick example of a -250 chase.

A) $250 to win $100
B) $875 to win $350
C) $3062 to win $1225

Of course not all these series are -250 juice; this is just an example. Now lets break it down to how I run my labby.

starting labby lines:
A) 50-50-50-50
B) 50-50-50-50
C) 50-50-50-50

A) loses $250 to win $100

New lines:
A) 65-65-65-65-65
B) 81-81-81-81
C) 50-50-50-50

B Loses $405 to win $162
New Lines:
A)65-65-65-65-65
B) 105-105-105-105-105
C) 101-101-101-101

C loses: $505 to win $202

Total loss $1160. Just little over 11.5 units. Compared to a -250 martingale chase ($4,187) over 41 units.

Obviously I do not recover all my losses from A and B with one bet, but its lower risk overall and could mean lower profit throughout the season if system goes undefeated. I just prefer a slow and steady profit rather than a roller coaster ride. As grinder said he has seen two C-bets in the same day where total risk was around 60 units. Maybe I will only have like 10 units at risk that day instead. For me labby is a lot less stressful. Of course its a little more work managing your lines, but I like it. There are many different variations of the labby. If you need more info just search for ON3's MLB thread and there are plenty of examples in there. It is very similar.


Sorry wallco, I will let this be the first and last labby post for this thread for this season. I know NBA last season or season before was pages of this stuff.

Good Luck and lets add another unit with PHO tonight looking promising at (-235).

Yes, thank you. Just refer people to the NBA posts so we don't have to go through all that again. This is a chase thread and anything else will just cause confusion. Plus, you know I hate labby.

[J.M. Disciple]

Tomorrow there are some heavy favorites, i think we will be getting a decent price on our PL plays. Some early games, so make sure you all wake up in time!

[Grinder12000]

It's weird how some people are so in love with labbys. I have a friend that loves them. It's almost like the process of labbys has a "fun" thing going on. I went through a few months of labbying and for me it was just not fun at all and I'm a spreadsheet number junkie.

[Andy3568]

It's weird how some people are so in love with labbys. I have a friend that loves them. It's almost like the process of labbys has a "fun" thing going on. I went through a few months of labbying and for me it was just not fun at all and I'm a spreadsheet number junkie.

I know a few people who have tried it and could not make it work, i.e. lost more money than simple chase. I guess it depends on the system and the amount of losses.

[J.M. Disciple]

Our B bet on Det v1 (fade), is going to be a little tricky. I am hoping PHO actually moves to dog... My book has det and pho both -110 right now....

[slohar]

Nevermind

[cadetduke]

I didn't think there was a B bet on Detroit. They won Thursday night.

I thought.

[Wallco99]

Wallco NHL GOLD
2013-14 System to date:10-0 (fin. series)
System profit/loss: +10.00 units (fin.series)
Current open series: 2 (-3.41 units)

(10/18/13):
#12 Phoenix (+1½) v1 (A) - Win

v1 Plays
(A) 8-2
(B) 0-0
(C) 0-0
Losses: None

v2 Plays
(A) 2-0
(B) 0-0
(C) 0-0
Losses: None


Games for (10/19/13):
#6 Detroit @ Phoenix (+1½) v1 (B) (9:05 pm EDT) **
#11 Nashville (+1½) @ Montreal v1 (B) (7:05 pm EDT)
#13 Vancouver(+1½) @ Pittsburgh v1 (A) (1:05 pm EDT)
#14 N.Y. Rangers @ NewJersey (M/L) v2 (A) (7:35 pm EDT) **

** Denotes close line game. Keep an eye on line to see if Phoenix & New Jersey are M/L or +1½ plays.


Do not place any wagers on teams unless you are sure your team is the dog or favorite. The team underlined and highlighted blue is the team we are betting on, regardless of v1 or v2. If you play the closer line games too early, you may be overpaying for a loss if you play the P/L and should have been on the M/L, or lose a game that you would have won had you been on the (+1½) instead of the M/L. We will always play the M/L on favorites and (-110) games, and always play the (+1½) if the team we are betting on is a dog. ALL results will be based on this principle. If it is a close line game, you may want to wait til closer to game time to place your wager so you know whether or not we are on the (+1½) or the (M/L). All lines and standings are based on FINAL lines from ScoresandOdds.com/. If one of the teams we are playing switches from a favorite to a dog, or vice versa, after my initial post, make sure you get the appropriate line if it differs from what I have posted. The wins and losses will be based on who is the dog team on ScoresandOdds.com/ final lines.
System rules & backtest can be found in posts #2446 and #2447.

[Wallco99]

I thought.

Please don't post plays, they are both WRONG.

[miss_sbets]

Please don't post plays, they are both WRONG.

newbs!

[HenryTheNoodle]

Phoenix line is moving quite a bit right now - FYI.

[J.M. Disciple]

Phoenix line is moving quite a bit right now - FYI.

Just seen that, my book has them at (even). I am going to wait and I think we will be able to get +1.5 later on.


Wallco, can you double check your line on NJ? I am seeing favorite everywhere including scoresandodds.

[A-wess]

Shouldnt New jersey be -1,5?

[Wallco99]

Shouldnt New jersey be -1,5?

NO.

[Juve08]

NO.

On my book it shows them as -1.5

[Wallco99]

On my book it shows them as -1.5

And post #2447 shows the rules.

[cadetduke]

Please don't post plays, they are both WRONG.

Not sure how you determined that post to be posted plays.

[1977gp]

Quick question on the "B" bets..

..just making sure I understand, using the Montreal games as an example.

Using $100 unit:

Bet A) $100 @ -230 to win $43.50

Bet A lost, so..

Bet B) $143.50 @ -210 to win $68.33


End result if B bet wins = (Bet B win - Bet A loss) = ($68.33 - $100) = -$31.67 net loss


I'm just wanted to confirm that we aren't doing any increasing or doubling up on our "B" bet in order to recoup our "A" bet loss, as the rules state we are only betting what we lost in A, plus the profit we were trying to achieve.

The odds will obviously vary based on your sportsbook, but the net loss will still hold true when dealing with the high odds given on all P/L games.

My understanding is that it doesn't matter if we take a net loss for a series of A,B and C bets because that is just how the system is set up. The end result on all games is what matters...

Any thoughts on this would be appreciated. Using the system thus far has been fun. Thanks in advance...

[alexknyc]

Quick question on the "B" bets..

..just making sure I understand, using the Montreal games as an example.

Using $100 unit:

Bet A) $100 @ -230 to win $43.50

Bet A lost, so..

Bet B) $143.50 @ -210 to win $68.33


End result if B bet wins = (Bet B win - Bet A loss) = ($68.33 - $100) = -$31.67 net loss


I'm just wanted to confirm that we aren't doing any increasing or doubling up on our "B" bet in order to recoup our "A" bet loss, as the rules state we are only betting what we lost in A, plus the profit we were trying to achieve.

The odds will obviously vary based on your sportsbook, but the net loss will still hold true when dealing with the high odds given on all P/L games.

My understanding is that it doesn't matter if we take a net loss for a series of A,B and C bets because that is just how the system is set up. The end result on all games is what matters...

Any thoughts on this would be appreciated. Using the system thus far has been fun. Thanks in advance...

Why are you RISKING your $100 unit instead of betting TO WIN your $100 unit? The math is much simpler that way.

[J.M. Disciple]

You Answered your own question 1977. Rules state, betting to win 1 unit on A and than recovering your loss on B + 1u.

please read rules again.

[Wallco99]

Not sure how you determined that post to be posted plays.

Actually I quoted the wrong guy. He had plays posted then later deleted them.

[1977gp]

Thanks a bunch J.M.D...

You answered my question. I may have mentioned earlier that I am brand new to this stuff. My concept of units was totally backwards.

I've learned a lot being on here. Much appreciated....

[Wallco99]

Quick question on the "B" bets..

..just making sure I understand, using the Montreal games as an example.

Using $100 unit:

Bet A) $100 @ -230 to win $43.50

Bet A lost, so..

Bet B) $143.50 @ -210 to win $68.33


End result if B bet wins = (Bet B win - Bet A loss) = ($68.33 - $100) = -$31.67 net loss


I'm just wanted to confirm that we aren't doing any increasing or doubling up on our "B" bet in order to recoup our "A" bet loss, as the rules state we are only betting what we lost in A, plus the profit we were trying to achieve.

The odds will obviously vary based on your sportsbook, but the net loss will still hold true when dealing with the high odds given on all P/L games.

My understanding is that it doesn't matter if we take a net loss for a series of A,B and C bets because that is just how the system is set up. The end result on all games is what matters...

Any thoughts on this would be appreciated. Using the system thus far has been fun. Thanks in advance...

Go to the JM NBA thread and look for post #45. In this post, I explain the chase bet structure for my NBA Chase 110 system. This strategy is the same for ALL chase bet systems, such as this one. The only difference is this one is a three game chase and that one is a four game chase. Logic is the same, but your loss will be after C bet in this system instead of after D bet like in that one.

[J.M. Disciple]

my book is not showing alternate lines for NHL.... I still see pho -1.5 but (even). Maybe I gotta take ML and hope for the best... continue to wait for PL to change to +1.5....

[Wallco99]

my book is not showing alternate lines for NHL.... I still see pho -1.5 but (even). Maybe I gotta take ML and hope for the best... continue to wait for PL to change to +1.5....

You need to find a book that does. Several plays throughout the season may require alternate line betting on the close money lines. You should find a book exclusively for these plays if need be.

[1977gp]

Go to the JM NBA thread and look for post #45. In this post, I explain the chase bet structure for my NBA Chase 110 system. This strategy is the same for ALL chase bet systems, such as this one. The only difference is this one is a three game chase and that one is a four game chase. Logic is the same, but your loss will be after C bet in this system instead of after D bet like in that one.

Thanks, Wallco. Will do...

[Grinder12000]

I have Phonix +1.5. -300

[cadetduke]

Good start to the day.

[miss_sbets]

Newbie question:
If a game goes to OT any +1.5 wager is a winner, correct? (game in question, Vancouver 3-3 end of 3rd period)

[cadetduke]

I have Phonix +1.5. -300

5Dimes is all jacked up on this play right now.



How does this make sense?

[cadetduke]

Newbie question:
If a game goes to OT any +1.5 wager is a winner, correct? (game in question, Vancouver 3-3 end of 3rd period)

Yes, they can't lose by 2 in OT.

[cind3r]

Yes.

[Wallco99]

5Dimes is all jacked up on this play right now.



How does this make sense?

There was enough action on the M/L to switch the favorites from one team to the other. However, Vegas has not seen enough action on the P/L wagers to switch the +1 1/2 to -1 1/2. If the M/L climbs higher, eventually it will switch regardless of action. This is why the alternate lines are critical for this system, examples such as yours.

[Wallco99]

One in the bag, three to go.

[cadetduke]

There was enough action on the M/L to switch the favorites from one team to the other. However, Vegas has not seen enough action on the P/L wagers to switch the +1 1/2 to -1 1/2. If the M/L climbs higher, eventually it will switch regardless of action. This is why the alternate lines are critical for this system, examples such as yours.

Thanks for the clarification.