The Money System

[The Investor]

Ive been going round and round for a couple weeks now, here at SBR with a few genetlemen. There is a thread entitled "Sports Investments", that explains a lot of it.

I am going to run this last system at SBR. If this fails, ill quit this forum. By failing, i mean if i go bust before i double my initial investment.

For this experiment, ill lighten up just a bit and start with only $5000. If i lose this, im done and you wont here this out of me again. If im right, i want to here it from you guys.

There will be no stopping, as i intend to lose the whole 5k or double my money. I play at (bj, greek, bm) and also have 2 locals but i wont use their lines.

So we will call this double or nothing.

I have backtested the results for one year in 3 major pro-sports and intend to do more. Here are the results, if your interested.

2007-08 NBA: (+44.7 units)
2007 MLB: (+78.10 units)
2007-08 NHL: (+51.70 units)

[Justin7]

Good luck, but I don't know of any "system" that works. The only way to make money gambling is through hard work.

[diogee]

Best of luck.

[pico]

good luck. i tried your methods before and anything you can think of. if you like it, go ahead.

[The Investor]

Starting Bankroll: $5,000

Trades for friday april 4

1. a) knicks Under 211 (-1.10) $22 to win $20

2. a) memphis Under 231 (-1.10) $22 to win $20

3. a) Jazz Under 197 (-1.10) $22 to win $20

4. a) Hawks Under 206 (-1.10) $22 to win $20

there is no baseball that qualifies today.

lets please keep the name calling and bickering out of this. im putting up 5k to do this. ill carry it thru, until its gone or until it doubles, whichever comes first. Lets just please be civil about this. I know you guys dont believe this will work but im going to show you.

Ill be back tomorrow, to update things and list any new trades that may occur.

I wont make the mistakes in this thread or take any chances that are not called for.

Good Day Gentlemen.

[The HG]

Good luck, but I don't know of any "system" that works. The only way to make money gambling is through hard work.

I'm tinkering around with what I call a "1-6-3-4 double Martingale quarter Kelly conference dog money line road revenge parlay" system that's gonna blow the roof off the industry when I get all the kinks worked out.

[The Investor]

thanks guys, lets please keep this positive and ill be more than glad to carry it thru to the end. If it fails, im going to be the first to admit that im wrong but if im right, maybe you can admit, there is room for something like this in the gambling world.

Good Day Gentlemen.

[donjuan]

I'm tinkering around with what I call a "1-6-3-4 double Martingale quarter Kelly conference dog money line road revenge parlay" system that's gonna blow the roof off the industry when I get all the kinks worked out.

You're missing the Tuesday afternoons following a full moon angle.

[BeatTheJerk]

he should atleast add a 0 to all those bets if really wants to get somewhere ............

[mathdotcom]

So how is this system different from your last? Same martingale w/ same risks, and your system completely ignores the line??

Who is to say you won't quit early again like last time?

[junkman773]

BOL to you Hope it works for you

Junk

[austintx05]

You're missing the Tuesday afternoons following a full moon angle.

[DukeJohn]

Good Luck, wish you the best

[20Four7]

I'm tinkering around with what I call a "1-6-3-4 double Martingale quarter Kelly conference dog money line road revenge parlay" system that's gonna blow the roof off the industry when I get all the kinks worked out.

Personally I think the single Martingale, double Kelly is the way to go.

[The Investor]

mathdotcom: the reason i stopped the other one was, i messed it up.

the plays that im going to make in this one are going to be very disciplined, regmented bets. I told you that i played detroit and the (Yanks Over) way too early.

Ill be here in this thread daily, until the ($5,000) is gone or it doubles.

Once this gets rolling, ill increase the amount bet. However, in a 6 deep martingale, the last wager will be for $850 and you have to plan for that going in.

The numbers im getting, in my back testing are mind boggling. Doesnt matter if you believe that or not, ill be right here daily (at least once) to update and list the plays.

Unfortunately (or fortunately) for today, there are no mlb games that qualify. There are 2 nba wagers and both are night games. Ill return this afternoon with those wagers and lines.

4/4 Starting Bankroll: $5,000
4/5 Current Bankroll: $5,040 (closed trades only)
Closed Trades: 2-0 (+$40)
Currently there are 2 open trades.

Mathdotcom, i particularly want you to check this every now and then. I think that im going to really open your eyes and when i do, you can email me and ill lay everything out for you.

Good Day Gentlemen.

[BeatTheJerk]

sorry to knock you ............. but this thread should be called "THE PENNY SYSTEM"

[Bullajami]

Have I missed something? What is "The System" you're using? What qualifies a bet?

Also, why the 0.4% stakes? Seems Ultra-conservative. Is there something statistically magical about having 250 betting units?

I always like a good experiment, but I like to understand them as well.

Good Luck!

[The Investor]

as i stated, you have to look 6 bets in advance. 6 is my limit, on a martingale. so right now, my 6th bet will be for around $850. if i were to be playing to win $50. my 6th bet would be for over $1700.

now i can make that bet but i might have to get down at multiple outs. and if your playing to win $100. the last bet is well over $3,000.

i hope you understand this and take it into consideration... ill move from $20 to $30 soon but i want to build up a little cushion first.

in a martingale, what may look small can get big really quick. once we get into the mlb season, there is going to be a lot of action.

Good Day Gentlemen.

[BeatTheJerk]

is this similar to the 1-3-2-6 unit betting system ? cuz i've tried this b4

[tomcowley]

You have a better chance of doubling up by going all-in on one pk play.

[Justin7]

as i stated, you have to look 6 bets in advance. 6 is my limit, on a martingale. so right now, my 6th bet will be for around $850. if i were to be playing to win $50. my 6th bet would be for over $1700.

now i can make that bet but i might have to get down at multiple outs. and if your playing to win $100. the last bet is well over $3,000.

i hope you understand this and take it into consideration... ill move from $20 to $30 soon but i want to build up a little cushion first.

in a martingale, what may look small can get big really quick. once we get into the mlb season, there is going to be a lot of action.

Good Day Gentlemen.

TheInvestor,

I hate to poo-poo here, but... I'm afraid someone else might try this.

The only way to win at gambling is to make a lot of +EV bets. Any kind of progressive betting system will eventually fail unless you do the first.

Progressive betting involves bet-sizing that has nothing to do with your EV. This type of progressive betting has a 100% chance of eventually wiping out, if you routinely use unit sizes more than double your EV. You might double your money through luck, but not because of this system.

Save your 5k instead of chasing a progressive betting system. Learn more about shopping (why are you laying -110?) and handicapping. Why do you like those plays?

[pico]

TheInvestor,

I hate to poo-poo here, but... I'm afraid someone else might try this.

The only way to win at gambling is to make a lot of +EV bets. Any kind of progressive betting system will eventually fail unless you do the first.

Progressive betting involves bet-sizing that has nothing to do with your EV. This type of progressive betting has a 100% chance of eventually wiping out, if you routinely use unit sizes more than double your EV. You might double your money through luck, but not because of this system.

Save your 5k instead of chasing a progressive betting system. Learn more about shopping (why are you laying -110?) and handicapping. Why do you like those plays?

let him do his thing, justin. you sound like a broken record.

[durito]

TheInvestor,

I hate to poo-poo here, but... I'm afraid someone else might try this.

The only way to win at gambling is to make a lot of +EV bets. Any kind of progressive betting system will eventually fail unless you do the first.

Progressive betting involves bet-sizing that has nothing to do with your EV. This type of progressive betting has a 100% chance of eventually wiping out, if you routinely use unit sizes more than double your EV. You might double your money through luck, but not because of this system.

Save your 5k instead of chasing a progressive betting system. Learn more about shopping (why are you laying -110?) and handicapping. Why do you like those plays?

There's 3 pages of people telling him this in his other thread (which he stopped because of a losing steak).

[The Investor]

Ok, lets clear up a few things.

contrary to what you may think or know, ive been around this a long time. I do appreciate the warnings that come with this.

I also do advise no one to follow this. this is very risky and should come with that warning label.

I am going to carry this thru. I may however need to take this off the internet at some point. I could wind up getting the worse of the lines at some point.

Please do not worry about me or the $5k, i appreciate the concerns but im well aware of the risk/reward scenario here.

now with that said. lets continue with our plays for today.

4/4 Starting Bankroll: $5000
4/5 Current Bankroll: $5040
Closed Trades: 2-0 (+$40)
Open trades: (#1 and #4)

Trades for saturday april 5

4) b. Atlanta Under 205 (-1.10) $46 to win $42

5) a. Wizards Under 208 (-1.10) $22 to win $20

that is all for today.

Good Day Gentlemen.

[The Investor]

4/4 Starting Bankroll: $5000
4/6 Current Bankroll: $5080 closed trades only.
Closed Trades: 4-0 (+$80)
Open Trades: (Trade 1)

Trades for sunday april 6

1) b. Knicks Under 212 (-1.10) $46 to win $42

6) a. Mets Under 8.5 (-1.10) $22 to win $20

this could be my last day to post these. i know most here hate the martingale format, in any aspect and quite honestly im afraid of posting too much success, in this venue.

Good Day Gentlemen.

[mathdotcom]

You are possibly the dumbest guy on SBR.

Everyone here knows how easily it is to lose 6 games in a row, regardless of how you bet them.

I am sure you will get 2-3 bets into the $800-1000 range and then stop posting because you lost it all. Somehow I think you'll let us all know if you win $5000.

By thinking you will double your 5000 before you lose it all, you are saying that you can win 200 games/chases before losing 6 in a row.

Hilarious. Please keep the thread going. I'm begging you!

[DukeJohn]

4/4 Starting Bankroll: $5000
4/6 Current Bankroll: $5080 closed trades only.
Closed Trades: 4-0 (+$80)
Open Trades: (Trade 1)

Trades for sunday april 6

1) b. Knicks Under 212 (-1.10) $46 to win $42

6) a. Mets Under 8.5 (-1.10) $22 to win $20

this could be my last day to post these. i know most here hate the martingale format, in any aspect and quite honestly im afraid of posting too much success, in this venue.
Good Day Gentlemen.

What do you mean too much success? So far you are 4-0, that is not very successful given the format you are using. Come on, stick with it. The last strategy you had failed. You then state you will go to +/- $5000 and right now you are up, what, $80. Happens every time. Someone comes in talks a big game about a progressive chasing system and then just fades away.

Well, if you do leave, I hope you learned at least one thing from this, Past results does not make a future.

Good Luck

[The Investor]

mathdotcom, i may be the smartest guy on SBR or any forum, i said,,,,,, may be.

second, lets please keep this civil.

third, i did not fail on the earlier attempt, your statement is wrong. if you will look, i said i played it wrong. if you will now look, i opened 25 trades. 24 of those have now closed with a profit, long before game 6. the tigers being the last one left. i explained to you what happened there.

i am now (5-0) in this thread and yes i am going to tell you that the worse i should do is (100-1) thats right (100-1) is the worse that ill do.

Good Day Gentlemen.

[durito]

does 2 + 2 = 9?

[pico]

what bugs me is that this guy keep using the word trade.

it is like me saying, i made passionate love to a 10 dollar crackwhore.

[The Investor]

have you ever been in a trade and had to meet a margin call.

the way im using the martingale is similar to that. i may be in a slightly losing position, every once in a while but i still am in the trade. thats kinda what im saying here.

not getting blasted out of a position that i still like. im trying not to talk over people's heads here.

Good Day Gentlemen.

[The Investor]

Ive got one other thing to ask you guys (posting in this thread).. You are making a nice profit in the sports market,,,, correct?

now dont take that the wrong way but if you come in here and tell me how i wont succeed. i am assuming that you are all a success. am i correct in assuming this?

if i am not, then maybe you guys dont know everything about this business and how to make money in it.

Now please dont be offended by those remarks.

I wonder if the boys (from MIT) felt this way, in the beginning?

[Justin7]

Ive got one other thing to ask you guys (posting in this thread).. You are making a nice profit in the sports market,,,, correct?

now dont take that the wrong way but if you come in here and tell me how i wont succeed. i am assuming that you are all a success. am i correct in assuming this?

if i am not, then maybe you guys dont know everything about this business and how to make money in it.

Now please dont be offended by those remarks.

I wonder if the boys (from MIT) felt this way, in the beginning?

I make my living betting sports.

You're kidding yourself. You're getting called out. They're calling you out because your "system" will not help anyone. You might double your money or bust out. You're more likely to bust out. But either way, your system does nothing to educate the readers here. More sports bettors have been busted out from following "systems" than any type of error in handicapping. The most useful part of the thread is the criticism - not watching your random walk.

[donjuan]

The Investor,

Most of the people telling you you're an idiot are people who consistently make bets that have +EV.

[The Investor]

fair enough. appreaciate the comments but beg to differ.

Good Day Gentlemen.