Originally posted on 02/25/2010:

Quote Originally Posted by ararat2010 View Post
2 BigDaddyQH: Could u explain ur system and $$ management?
Can I explain the system? Yes, but it would take about 3 weeks to do and a computer expert to help me out with the details. I can explain this. When it comes to serious sports wagering, I only wager in College and Pro Football. Normally College games, and normally less games as the year progresses. That is because as the year progresses, the linemakers get sharper with their lines.

I can tell you that we have a group of gamblers that base our wagers on a computer generated basis, plus a good old fashioned gut feeling about the wager. Our computer is fed facts about all 120 NCAA teams and 36 NFL teams. It keeps data for a 10 year period. The type of data stored is data concerning the players, coaches, recruits, schedules, angles and trends, as well as past performances. The computer uses a formula and generates what it considers to be the legitimate line. We then compare this line to the "lead" or "come out" lines (the lines that come out on Sunday Afternoon in Vegas for the following week) and decide how to react.

Now each of us in this little group of happy drunk football lovers invest a fixed amount of money into a general account. It takes at least 10 of us to agree on a wager to get any action. There are more than 10 of us, and no one is forced to make any wager that they do not want to. Generally speaking, we get a unanimous vote. Obviously we wager on very few games overall, compared to some of the fools we see wagering on 15-25 games a week. Obvioulsy we wager large sums of money on these games. The amount per player is always the same. We believe that a wager worth making is as good or as bad as the next. We NEVER play the sucker plays, those being parlays, teasers, reverse, if, or prop wagers. We look to play as many middles as possible, because middles give the best ROI by far in the business.

I follow the normal money management rules. Some of those are:

Leave the rent money at home.
Leave the plastic at home.
Never chase.
Never drink when gambling.
Develop a money management system that you are comfortable with.
When playing table games, learn how to hit and run.
Take care of the casino/book employees and they will take care of you.
Never get into a serious conversation about sports wagering with a very attractive female stranger. (You guys have no idea what you may be getting yourself into)

As far as a specific money management system is concerned, people differ. The important thing is to stick to a system once you develop it.

One other thing. NEVER EVER play poker against a professional gambler. The successful gambler knows more about you in 30 minutes playing time than you know about yourself. The professional poker player realizes that the cards are secondary, and the reading players is what is so important. I love to play a bit conservative at first, then piss people off so they get thrown off of their game. That makes them very uncomfortable, just where I want them.