Before I give my pick, I wanted to elaborate on my response to an emailed question by a CK Mafia person, a college kid, at a major university. The question went like, "CK I know from the Covers.com threads that you have been doing this exclusively since 2003. I would like to know what is your method for money management? Ordinarily I wouldn't give this information out as it is always subject to ridicule when you share your secrets for success and others can't beleive that it's as easy a stated and give their opinions after using virtual and not real money.
Mickster22 of Covers couldn't believe me when I told him how simple the formula is, once he applied it, he was like, "This is too easy!" BigMoney feels that I shouldn't always share the trade secrets that I know with the public. The PC Boys are now feeding their families off of what I do. But I feel otherwise, because i feel that the books have made enough money off of the common man over the years (with referees and such) that the common man needs a trade secret or two of his own too.
Here's my method of money management, uncut. it is foolproof and you will always be able to ride out losing streaks with no sweat. Wangichu, you already know this too, so your ass should just go the end of this post and read my pick.
Recipe: There are two steps. If you don't have the coin to have the starter cash, then I suggest you do the following from May through October to do so. Then you can start the program a year from now.
A vast majority of books offer prop bets. My favorite one is the prop for a run to score in the first inning, which is almost always offered at positive money (+100 or better), where the is book paying you to make the wager.
Bankroll an account with $4000.00 in April, with the juice applied for joining prior to baseball season. I don't care if you have to sell your car, start doing horticulture experiments, whatever. You must have 4 dimes to start off with, because there are times in the first month where you may get down to $1500.00, so you need a cushion. Lay off of this money until May 1st.
Take the $4000.00 open an account with a reputed book ( I use Greek.com, Linesmaker and Betus). You will need to use this as a seperate account from anything else that you wager on. Play the prop for every single college and professional baseball game for a run to score in the first inning, with no regard for location, weather, pitching matchup, or injuries for the entire baseball year. You just do it blindly with absolutely no homework involved. Wager only $100.00 on each and every game, or the vigorish invlolved to get a $100.00 payout. For televised games you double up through the third inning onlyfor a run to be scored you can only do this on Betus live betting or any book that has live betting) If a run has not scored by the third inning then just take the loss as a man and pour yourself a drink and sit your ass down. But usually in televised games the tripling up method will make you oodles of cash while just sitting around with your family. You start with your standard $100.00 bet. In the second inning you bet $200.00 that a run will score. In the third inning you bet $400.00 that a run will score.
STOP! Warning!
You must not pull a dime from this account at all. You are to use this accouont until the end of the season unmolested, no matter how much money you see in it.
When you get to August, you will have enough money to start making $200.00 wagers. This is important because the pennant race will be in full effect, and 1st inning runs are common place.
This is what my record looked like this year (2008 season)in MLB (I am not including the college numbers for a reason)only from May through September. When i get to the playoffs you will become a believer.
May 230 wins, 193 losses
June 217 wins, 192 losses
July168 wins, 180 losses
August 240 wins 183 losses *$200.00 a game
September 216 wns, 160 losses *$200.00 a game
MLB Playoffs 30-3 from 9/30/08 to 10/29/08 with tripling up thru 3 inning* starting with $200.00 a game.
If anyone doesn't believe the playoff record, ask Mickster22 from Covers about it, and he will tell you how I silently killed the books on this play alone, doing it on three books.
Okay now that you have around $6200.00 in May and June combined, $5700.00 for July a dip of $1200.00, $11,400.00 August (with $200.00 bets now), $11,200.00 in September and for the playoffs I made $7000.00 with doubling and tripling up involved.
Live betting numbers through that same time period 45-18, a profit of $3300.00 with doubling and tripling up involved.
You should come up with a total of $43,600.00 Now mind you, it is customary that the lines will be +money or positive money. I would say that over 85% of the wagers that I make of this style are the kind where the book pays for your vigosrish. So usually i make wagers at +120 or so on average, whcih makes the $43,600.00 more than that. I am just doing it with bland numbers to answer the question.
After the baseball year has ended fully, you now use this account fund the rest of your other two accounts, and keep a solid $4000.00 in it. Keep tabs on that book until they offer a reload juice program. When they offer the reload juice program ( say around football start time for 30% bonus or 50 bonus) yo simply pull your money out (withdraw it), wait a few days and then put it back in with the juice. Remember that this is your baseball account, so make a wager for $50.00only per week to keep the administartor off of your back for harboring their money until baseball gets back intofull swing. you may end up with $6000.00 or so with the juice involved, so keep savings in mind. But don't molest this money.
Now I am going to stop and say something that will blow most of you away, except the Covers rejects (lik myself) that already know what I do. This is how you ride out cold streaks.
I keep a seperate account with Linesmaker.com with which I make it a habit to make a blind fade wager of my own personal pick of 10% of my actual wager, and if i I am taking a favorite, I also make a wager on the dog of $25 on the moneyline for the dog. I do not touch this money until it either runs out (which is a great thing, because it means that I have been doing well) or the end of a 3 month interval, (mostly because it takes 1 month to get your money from Linesmaker). I call this sweetener money around the home, because i use it for the small things, shoes for the kids, or new tires, etc. It is a good practice to keep a blind fade account, because you can ride out bad streaks. I suggest starting your fade account with 2 to 3 dimes.
So now you have a main account, a baseball (savings) account and now for the third account. Now I know of a system that pays great dividends, and without going to deep off into it, I am an avid fan of out of conference plays with the 3 point buy system of wagering. It is an old practice but, someone has packaged and sold it, and most people now refer to it as his creation. I do not publicize those plays, but I make a killing off of them. This account is my withdrawal account. I make withdrawals from this account 2 times a month on average. So now that's three ways of having steady income. I recommend starting this account with no less than $8000.00 to $10.000 for the size of wagers you will make. You will have to regularly put up $1700.00 to make a dime. Baseball wagerers should have no problem with the amount of these bets, because baseball wagerers customarily pay big vigorish.
Money management with the NBA is best utilized when you chase wager with one to two particular teams that has a history of not and usually losing more than 3-4 games in a row ats, as well as cross conference plays. My wife, known to the CK Mafia as "Stylistic" has chosen to apply this method of wagering, this year for instance with the Charlotte Bobcats, New Orleans Hornets, Utah Jazz and Milwaukee Bucks. She has chosen to specialize with those four teams only exclusively, and she has an uncanny knack of knowing when they will lose ats and when they will win/cover ats. She reads their local newspapers, press clippings, etc. For some reason, as my understudy, she has figured out NBA handicapping much quicker than anyone I have ever seen since i was doing this. I guess that she was listening better than I thought to me and the PC Boys.
I never recommend that a person wager more than 10% of their 3rd account money on a wager unless wagering a 2nd half bet on a home team on Friday through Sunday down by more than 16 points at halftime. A sharp wagerer keeps no less than 3 books cooking at all times. A main, a fade and a savings (baseball prop account made cler earlier)
Enough about me. i hope that this has answered the question of the CK Mafia member and provided my extended family with a blue print of how to make money wagering without having to work for another person.
Monday leans
Clippers+ whatever The Spurs w/b tired and favored by too much
Suns 1st half
Utah is playing their 1st game at home after a long 5 game road trip where they fizzled out miserably losing 4 out of 5 games ats. Moreover, they are playing a 6th game over a period of 9 days with only one days rest after flying back from Cleveland. Phoenix is hot off of their blowout win against the Pistons and will have the carry over effect working in their favor, as well as Mehmet okur coming back from dealing with a family ilness, which will throw off the synergy of the Jazz by trying to mix back in his minutes along with Darren Williams re-mixed minutes as well ashe continues working his way back ito the fold.
As far as the game,if the Suns are favored, it must match the -6 when they ae usually favored in Salt Lake.
If the Jazz are favored, it must be by 4 or so, which is the average usual number when they are favored at home against the Suns.
Alright, Wangichu ( I asked that you fast forward),
So far
Clippers+5.5 (projected, the average Spur line in LA)
Suns 1st half+1.5 (projected)