Anyone Have A Good Non Traditional Money Mngt Strategy?

[pologq]

how i raised 3k easily and quickly.i did not pay any of certain bills for 1 month. rent utilities cable cell phone .that got me 2873 dollars.if you have a good steady record of paying these bills you will be fine.

shoot for 2 months and claim hardship. they won't cut you off now after covid.

[stevek173]

Go on the street poop your pants cry and beg people for money/help.

[SlickFazzer]

Knowing how to bet is possibly more important than what you are betting.

Many great handicappers still go belly up, betting bad numbers and/or not understanding or knowing what their edge is.

[Fishhead]

PENS and NOTEBOOKS are your friends.
A 4-5 drawer filing cabinet also keeps one organized and FOCUSED.
On top of my computer, I keep a figure which represents my HIGH in profits YEAR TO DATE, goal is to surpass that has quickly as possible and avoid long days of downside ..................been doing this for the past 20 years. Yes, understand not money management perse, but this is one of many things I OCD on in my office and when all parts are moving correctly, its a beautiful thing.

[JIBBBY]

Capital One Bank is currently offering a 1.5% interest rate on their savings account. Can start the account online easily and throw 80 grand in it and you will get back $100 a month in interest earnings. $100 might pay your gas or cell phone bill every month.

It's better then getting nothing as most banks don't offer shit on your money just sitting in there collecting dust while inflation is kicking all our asses.

No risk involved.

https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/

[RangeFinder]

understand you are not going to make a living off sports betting

maybe a small ROI if you are good, but need to consider the time investment needed and if its worth it.

You better be happy with 2-3%

[Fishhead]

understand you are not going to make a living off sports betting

maybe a small ROI if you are good, but need to consider the time investment needed and if its worth it.

Have you read POKER JOE's book "SHARPER A modern guide to Sports Betting"??


He has a quote from yours truly near the books end, find it and read that.

[SlickFazzer]

Will find a copy on Amazon.

thanks FH.

[RangeFinder]

Capital One Bank is currently offering a 1.5% interest rate on their savings account. Can start the account online easily and throw 80 grand in it and you will get back $100 a month in interest earnings. $100 might pay your gas or cell phone bill every month.

It's better then getting nothing as most banks don't offer shit on your money just sitting in there collecting dust while inflation is kicking all our asses.

No risk involved.


https://www.capitalone.com/bank/savi...vings-account/

Jibs,

I wish I could unsee this. You could've rolled 20% just in the last month in tech stocks. 1.5% will never beat inflation.

[Fishhead]

jibs,

i wish i could unsee this. You could've rolled 20% just in the last month in tech stocks. 1.5% will never beat inflation.

i-bonds

[RangeFinder]

i-bonds

Never was a bond investor. I always think I can get better returns. I bonds are a long term hold, which isn't a bad thing, but having to wait 5 years to cash without penalty is a drawback to me.

[Slurry Pumper]

I call it the Col Klink money management strategy. Basically it is derived from that 70's show Hogan's Heroes, from the Episode where Klink has to choose which wire to cut on a live bomb. He makes his choice and Hogan cuts the other wire. So the system goes like this. Do all of your calculating and capping then make your choice then have the 'ole lady make the bet, but she will always bet the other side and not tell you. This way when you think you're broke, your biatch will show up on day with a new $1000 purse leaving you wondering WTF?

[Fishhead]

Never was a bond investor. I always think I can get better returns. I bonds are a long term hold, which isn't a bad thing, but having to wait 5 years to cash without penalty is a drawback to me.

10k per year max also........STATE INCOME tax free

[JIBBBY]

Jibs,

I wish I could unsee this. You could've rolled 20% just in the last month in tech stocks. 1.5% will never beat inflation.

Just saying if you have cash laying around in your bank doing nothing put it in Capital One Bank instead and make a little bit of interest on it. There is risk in tech stocks, there is no risk in the FDIC insured banks.

Throw $100,000 which is chump change for some in a Capital One Bank savings account and you'll make back $125 a month before taxes while being able to access that money at any time you want fully knowing it's 100% secure.

That's all. It's just something to do while finding a better investment down the road.

[iamnomad]

"Always bet on black." --Wesley Snipes

[asiagambler]

There is no need to be upset

[Roscoe_Word]

There's this method (I don't use it) called the D'Alembert method.

I'm sure the sharpsters already know this but I'll post it for the REC players like me.

D'Alembert was a French mathematician around the turbulent times of the French Revolution when everyone was gettin be-headed.

Google can explain it better, but I think its something like:

If you lose, increase bet size 1 unit
If that loses, increase bet size to 2 units
If that loses, increase bet size to 3 units. (not 4 for double bet size)
If that wins, reduce next bet, reduce bet size to 2 units ...and so forth.

I think in that respect, its different for the Martingale method.

The theory is if you can hit 50%, you should be able to grind out a profit.

I don't think D'Alembert took the vig into consideration, but it's a clever system, nonetheless.

The books will surely (don't call me Shirley) see the pattern and counteract it.

Thats all I gotta say about that..............

[SlickFazzer]

Will be researching this D'Alambert fellow and his methods for risk management.

[Roscoe_Word]

Will be researching this D'Alambert fellow and his methods for risk management.

OK, brother.

But its not the D'Almbert that used to play for the sixers...............

[sweethook]

lot of guys use SS trust fund money