Hey Everyone,
Ater much research and back testing I decided to experiment with real money instead of my previously used hypothetical dollars! I have made my own criteria for game selection and on the surface it seems profitable but you never know until you put it to the test. I'm going to bankroll this experiment $500 to start and if it is working I'm going to feed into that roll. Also, if my criteria is matched I will attempt to post a play a day.
However, the most important aspect of this is not the picks themselves but the money management behind the scenes. I will be using a labby system and line bets. This keeps me aware of my ups and downs and allows me to know what to bet each match. My first bet values will be as follows
(Roll / 20) I then divide that in half to get my line values. For example my Roll is $500. Divided by 20 I get $25, half of that is $12.5. $12.5 is my standard betting unit. When the value of my bankroll changes this value will be recalculated.
With my standard betting value I make a line of 4.
12.5-12.5-12.5-12.5
My first bet is the first and the last value of the line added together therefore my first bet is $25. If I lose I take what I bet and add it the line so the line now becomes 12.5-12.5-12.5-12.5-25. For the next bet I again take the sum of the first and last value, which would be $37.5. If I win and im in the positive I recalulate my standard betting value which would now be a little higher, If im not at a surplus I take the first and last numbers off my line and bet that, in this example it woulf be $25 again. Basically I will attempting to make a profit of each line. If there are questions I will try to expalin as I go. Feel free to follow, observe or comment.
Ater much research and back testing I decided to experiment with real money instead of my previously used hypothetical dollars! I have made my own criteria for game selection and on the surface it seems profitable but you never know until you put it to the test. I'm going to bankroll this experiment $500 to start and if it is working I'm going to feed into that roll. Also, if my criteria is matched I will attempt to post a play a day.
However, the most important aspect of this is not the picks themselves but the money management behind the scenes. I will be using a labby system and line bets. This keeps me aware of my ups and downs and allows me to know what to bet each match. My first bet values will be as follows
(Roll / 20) I then divide that in half to get my line values. For example my Roll is $500. Divided by 20 I get $25, half of that is $12.5. $12.5 is my standard betting unit. When the value of my bankroll changes this value will be recalculated.
With my standard betting value I make a line of 4.
12.5-12.5-12.5-12.5
My first bet is the first and the last value of the line added together therefore my first bet is $25. If I lose I take what I bet and add it the line so the line now becomes 12.5-12.5-12.5-12.5-25. For the next bet I again take the sum of the first and last value, which would be $37.5. If I win and im in the positive I recalulate my standard betting value which would now be a little higher, If im not at a surplus I take the first and last numbers off my line and bet that, in this example it woulf be $25 again. Basically I will attempting to make a profit of each line. If there are questions I will try to expalin as I go. Feel free to follow, observe or comment.
