Let me start by saying I know a lot of yahoos come out with ridiculous claims and usually come out looking like fools. I'm not going to tell you my picks are "locks", or anything like that.
I set out on a quest to make 500% betting on football this year. A couple of people said that it would be fun to watch. One suggested I post my picks. At the risk of making myself look foolish I've decided to go for it.
The system: I bet approx. 50% my bank roll. I compound my profits with each winning bet. 5 strategically placed bets will net over 500% as long as I am perfect. If I lose once it will take 2 winning bets just to get back to even. If I lose 2 in a row I am obviously doing something seriously wrong and will pull the remainder off the table and go back to the drawing board.
I follow the weakest teams in the NFL and bet against them. People may disagree with my choices of who is weakest, but it is simply a guideline for me to pick my bets. I rate all 32 teams by strength and adjust the list whenever I feel it necassary. (my list looks substantially different now then before the start of week one) The purpose is to find mismatches. I am looking for a weak team that is matching up with a strong team with a favorable point spread. I don't like spreads over -10, and will not touch anything over -16.5. I often use 10 point teasers to further my advantage. Some people don't like teasers, but they have turned losers into winners for me. I'm almost always betting on the favorites because I like to pick on weak teams, but every once in while I will take an underdog. I like TEN to beat CIN this week. I'm not putting money on it because other games look more attractive to me. The point I'm trying to make is that you should always go with your gut. If you feel wishy-washy about placing a bet you should probably avoid that game. Statistics and research are great, but I believe gut-instict trumps everything.
Week one results: I have posted my picks on different threads. I did post them before game time but I'm too lazy to try and track down which threads I posted in.
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NYG -4 straight wager
Betting on the Thursday night game gave me a big leg up. I was able to take the winnings from that game and start compounding profits on Sunday. Unfortunately the Monday night games did not fit my system so I passed. Wish I had taken GB, but I was waiting to see Aaron Rodgers in action. I was very impressed. DEN took me by surprise. I didn't have a read either way on that game which is why I sat it out, but DEN really impressed me!! I'm not ready to risk money on them but I will be very interested to see how they stack up against SD this week. If they can topple the Chargers then I will be looking to them later in the season. They face KC in week 4. Before last night I would not touch DEN vs KC but now I'm thinking this could be money in the bank.
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NE -5.5
PHI +2.5
DAL +4 in a 10 point teaser.
PHI and DAL both had great games. NE vs KC took 5 years off my life. Brady went down and changed the entire outlook on the AFC. I squeaked out of this one, but a win is a win. I'll take it. (Yikes!)
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NYG -4
NYJ -3
PHI -7.5
DAL -6 Four team parlay.
I got a 10% bonus for recharging my account and decided to risk the living crap out of it because it was free money. My free money won more money then my other two bets combined.
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My account is now up 360%. I count myself lucky because I had my eye on the Chargers and the Colts but decided to sit those games out. I dodged a couple of bullets.
That leaves two bets left. I'm going for it this week.
NO vs WAS: NO pk straight wager.
I opted for a straight wager instead of a 10 teaser this week because I feel really strong about my picks. NO vs WAS is at 13:00 est, which will give me enough time to get in on PIT vs CLE and compound my profits.
NO vs WAS: NO pk
GB vs DET: GB -3
PIT vs CLE: PIT -6
I decided to keep pushing with the parlays. I am still looking at it as free money, and not part of my regular bank roll. If I win this bet it will put me way over 500%. If this occurs I will take my 500% off the table and continue on with the remainder.
PIT vs CLE: PIT currently -6
I will bet a straight wager on this only if NO wins. I could have placed an "if bet" but I didn't think of it until afterwards. I'm still very much a rookie and am still learning about all the weapons in the arsenal.
I would never tell anybody that any bet is a "lock", but I feel really good going into week 2. I feel better about these picks than I did about week one and week one treated me well.
If I pull this off it will be the second year in a row I have made over 500%. (I made 625% last year) Last year was my first year betting. We'll see if this rookie has any magic left up his sleeve.