Games of Chance

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  • Tyche
    SBR Rookie
    • 10-31-12
    • 6

    #1
    Games of Chance
    So here is my story. About two years ago, I started betting on baseball because a good friend of mine who runs a Las Vegas gaming company told me it was the hardest game for the sportsbooks to hold. I started with about $500 and turned it into just over $30,000 in little more than one year. I would love to say that this due to my remarkable skill as a handicapper, but in all honesty it was more luck than skill. I used a Martingale approach. Constantly chasing, I hit my last bet on more than a few occasions. Timely hits kept me a live; and, more often than not, increased my bankroll.

    During the last year, I took my handicapping more seriously and got better. I abandoned the Martingale approach and maintained a cross-sport winning percentage of about 55.4 percent. I have a heavy mathematics background which has served me well (at least thus far). I have continued to grow my bankroll, without progressing my wagers after every loss.

    Some friends asked me if I would start posting some of my bets. Since I track some of the people who post here (hat tip to The Seer's NCAA/NFL thread), I figure this was an appropriate place. I use only Vegas lines, and I guarantee noting other than my best efforts to progressively increase my bankroll.

    NBA plays are over for this tonight, so I will not post my picks (went 1-1, -.1). The other plays I am on this week are as follows:

    NFL
    Packers -10 (-1.10)
    Broncos -3 (-1.20)
    Dolphins -2.5 (-1.10)
    Steelers +3.5 (-1.10)
    Eagles +3.5 (-1.10)

    NCAA
    Indiana -1.5 (-1.10)
    Georgia Tech -7.5 (-1.10)
  • A4K
    SBR Hall of Famer
    • 10-08-12
    • 5243

    #2
    Your first step should be posting the NFL picks in the NFL section.

    Also, if you have a heavy background in mathematics, why the penetrate were you screwing around with a Martingale system?
    Comment
    • Tyche
      SBR Rookie
      • 10-31-12
      • 6

      #3
      Originally posted by A4K
      Your first step should be posting the NFL picks in the NFL section.

      Also, if you have a heavy background in mathematics, why the penetrate were you screwing around with a Martingale system?
      A4K, fair questions.

      1. I will be posting picks on a number of different sports. I don't have time to maintain numerous threads, so I had to pick one. The NBA season just started, so this seems reasonable. My apologies if I am violating some type of protocol.

      2. While the Martingale system did increase my marginal propensity to go broke, it also significantly increased my likelihood of doubling my bankroll within a 12 month period. I was gambling, and the tradeoff was acceptable. Over that year, there where nine instances where I was at risk of getting wiped out -- I got lucky.
      Comment
      • SparJMU
        SBR MVP
        • 02-18-10
        • 1648

        #4
        You are right, it was entirely luck. You should stop betting entirely. You are only going to give it back,
        Comment
        • jtennantjr
          SBR Rookie
          • 10-29-12
          • 18

          #5
          He said he has switched approaches and does not bet progressivly anymore im sure you will be fine as long as you practice good money managment
          Comment
          • Tyche
            SBR Rookie
            • 10-31-12
            • 6

            #6
            Tuesday Play

            NBA
            Indiana v. Toronto Under 187.5 (-1.10)
            Comment
            • Tyche
              SBR Rookie
              • 10-31-12
              • 6

              #7
              Wednesday Play

              NCAA
              Middle Tennessee St. v. Western Kentucky Under 54.5 (-1.10)

              Record (1-0, +1)
              Comment
              • Tyche
                SBR Rookie
                • 10-31-12
                • 6

                #8
                Sunday Plays (Additional)

                NBA
                Pistons +7.5 (-1.10)

                NFL
                Dallas v. Atlanta U48 (-1.10)

                Record (6-2, +3.80)
                Comment
                • Tyche
                  SBR Rookie
                  • 10-31-12
                  • 6

                  #9
                  Sunday Plays

                  NFL
                  Atlanta -1.5
                  Detroit -3.0
                  Oakland @ Baltimore Over 47.5
                  Cowboys -2.5
                  Cowboys @ Eagles Over 44
                  Texans +1.5

                  NBA
                  Magic Nets Under 191
                  Heat Grizzlies Under 195.5
                  Kings Lakers Under 191.5

                  Record (7-4, +3.7)
                  Comment
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