Hall of Fame SystemsGreat information to remember for next year - systems and info that you'll wan to have at your fingertips at the start of next season
Not to mix up the other thread so I'll make this one sperate since it's dealing with Moneyline plays in MLB & NHL.
Again it's a very very long to read, and I DON'T ADVOCATE IT however it does work. It's just that losing streaks will have you in a nervious wreck.
My Buddy Tony wrote this, and he got it from some professional gamblers he worked around in Vegas. I've got it saved on file.
I can only give this to you. Then it's up to you to still pick the winners. If your handicapper or yourself is losing overall then it's going to be hard to make this work without drinking some Mylanta or Maylox along the way.
One way to know if your good enough to do your own thing is to handicap 500 games and pick the side or total you like. After 500 games if you have a 53% or better winning percentage then you can do this.
You have to be willing to make that BIG BET though. If you can't stomach the bet that would bring you gamblers ruin then this isn't for you. For it to work it must be seen till the end.
Again I personally recommend breaking your bankroll into sections. That is if you have a big enough BR, and really want to see this through.
If you go broke don't be pissed at me. Like I said I can only bring you the system the winning end is up to you the gambler.
Okay now that that's out of the way lets get started. It's going to take a couple post to get all this in.
You notice that I don’t write about setting your wager amounts according to “units,” like most handicappers and bettors do. Why? Because units can work against even the best gamblers.
How? First, let’s see how setting your Series Amounts according to an “expert” handicapper’s suggested unit plays can backfire on you. To start with, check your favorite professional handicapper’s overall picks record against his record on “best-bet” picks -- if his selections are even documented by a reputable monitoring service. If he’s among the top handicappers in the world, his overall record could approach or slightly exceed 56% lifetime and his best-bets record could be as good as 58% or higher (though probably isn’t).
However, many handicappers actually do worse on their best bets than on overall picks. So when an “expert” comes out with a 5-unit play, can you see how illogical is it for you to wager 5 times your normal “action” (or 1-unit) bet amount just because he has a 2% better history at calling such games (or perhaps even a worse record on best-bet games)?
To illustrate the point, let’s assume your handicapper comes out with 2 plays on Sunday’s early NFL games, a 5-unit best bet and a 1-unit action play. Following his advice, you put $500 on the best bet and $100 on the action play. Not surprisingly, he goes 1 win and 1 loss in the 2 games -- after all, he averages just a little better than 50% overall -- but, lo and behold, it’s the action game that wins. Playing standard 11-10 odds against the spread, you are -$450 after going a respectable 1-1. See how unit plays can work against building your Bankroll?
Second, let’s see how determining your own Series Amounts according to whims, hunches or even tenacious homework can burn you. Say you generally pick 55% winners during NFL season, which is a very respectable percentage. Knowing that you must pick 53% winners to make the first penny in profit (because of the “juice” or commission taken by bookmakers), you risk thousands of dollars to make just a few hundred in profit if you bet the same amount on every game every week.
To illustrate this point, let’s assume you bet $100 a game on 5 NFL games per week for each of the regular season’s 17 weeks, and pick 55% winners in those 85 games. In this scenario, you spend $8,800 to win just $520. That represents just a 5.8% profit, and your winnings are just $20 more than the total money you lay on 1 week’s slate of 5 games.
Before reading this you may have been confused by what I’ve just told you. To recap, I don’t want you to bet according to some handicapper’s hyped “unit” system, but I also don’t want you bet the same amount on every game. Now, I’m sure you know why. Because both strategies can put your Bankroll in jeopardy.
What I do suggest -- and hope that by now you agree with -- is that you should bet according to a money-management technique. Hopefully 1 of my Money-Management Programs, which include Formulas for setting your Series Amounts that are based on the results of your previous bets, so that a win in today’s game usually will not only show you a profit but also recoup your recent losses.
Parlaying Baseball and Hockey Into a Steady Income
The Parlay Version of The Set Monthly-Income System can turn a string of losses into an overall profit with a single win. But what about the advice given to you that parlays are sucker bets? Most of the time, they are. In fact, gamblers who make anything other than straight wagers are immediately pegged as “amateurs” by pros and employees alike at sportsbooks. Those in the industry know that anyone betting parlays, teasers, props or futures are throwing away their money.
The one exception, as I mentioned is the 2-team parlay. This wager can be used to both offset high “chalk” (or the price required to bet on favorites) and to cash in on undervalued “dogs” (or underdogs), especially during baseball and hockey seasons. The 2-team parlay can also be used with your best bets against the spread during football and basketball seasons, when you get more traditional 11-10 odds.
As I explained in the previous chapter, I was introduced to The Set Monthly-Income System by 2 career gamblers, John and Paul, who to this day employ it year-round to make a 6-figure living by exclusively betting on sports. They do their homework on games, they seek out the best lines possible, and they set their wager amounts with strict discipline. They’re winners. You can be too.
To give you an idea how much of a moneymaker a 2-team parlay can be, especially when paired with this System, let’s look at the payouts of several different games. Say the Braves and the Yankees each have their best pitchers taking the mound in separate games on the same afternoon. Betting them individually on the moneyline at -200 each would require you to lay $400 to win $200. However, wagering on them together as a 2-team parlay, you must lay only $160 to win $200. When you figure that each of these teams will win nearly 7 of 10 games with its best pitcher on the mound, it’s a smart bet.
What’s more, if you do your homework and come up with an undervalued underdog whose moneyline odds are +170 and pair it with either the Yankees or Braves at -200, you must lay just $65 to win $200.
For scenarios such as these, I use 2-team parlays to make virtually all my wagers during baseball and hockey seasons. These are the sports I specialize in, since they are the ones inexplicably ignored by the majority of gamblers, and sportsbooks often try to scare up business during these seasons with enticing odds. During football and basketball seasons, you can also mix and match favorites in 2-team parlays, laying $75 to win $200 when the odds for both teams are at -110.
Of course, you win fewer 2-team parlays than straight wagers, so I advise only knowledgeable gamblers use the Parlay Version of The Set Monthly-Income System.
That said, for veteran bettors who can spot mismatches on baseball and hockey underdogs, and know which teams to bet on during football and basketball seasons, the Parlay Version of The Set Monthly-Income System can make you a lot of money. Hey, it keeps me from working a 9-to-5 job.
The Set-Up
Money-Management Programs are composed of a Series of bets that are either predetermined by me or can be quickly calculated by you using a Formula I’ll provide you.
For the purposes of our examples all bets are calculated with 11-10 odds for individual wagers, with parlay payouts based on a standard payout ratio of 2.64-1, rounded to the nearest dollar.
The Program
The principles behind the Parlay Version of The Set Monthly-Income System are the same as behind the Straight Wager Version, with the added bonus that you must lay much less money to win the same profit. Of course, you must still win 8 parlays out of 30 to earn your desired “salary” from gambling profits each month.
Because of the mathematical certainties on which the Parlay Version of The Set Monthly-Income System is based, you must pick as few as 26% winners in order to earn your “salary” -- or Monthly-Income Goal. Again, that’s not necessarily easy with parlays. But it’s definitely possible for those gamblers willing to do their homework, day in and day out.
As I mentioned before, The Set Monthly-Income System is perhaps the most complicated of any Money-Management Program, so in case you didn’t read last post, I’ll again provide you a brief explanation before spelling out in detail every single step. In no time, you’ll be laying bets using this System without straining your brain.
In The Set Monthly-Income System, you first set your Monthly-Income Goal, or how much you want to make as a gambling “salary” each month. This can be any amount but is, of course, limited by your Personal Betting Bankroll.
Once you have your Monthly-Income Goal, you calculate your own 3-number Series based on this amount. It then requires just 2 winning wagers to eliminate each 3-number Series, at which point you start over. All told, you are required to eliminate just 4 Series with 8 winning parlay wagers to earn your desired profits for the month. Betting on just 2 games a day wagered as a single parlay, you can pick only 8 winners in 30 parlay bets (for a winning percentage of just .266) in any given month and still attain your Monthly-Income Goal.
As always, let’s assume you have a modest bankroll of $1,600 with which to wager. To determine your Monthly-Income Goal, simply divide your Personal Betting Bankroll by 4, which in this case means your goal is to win $400 the first month.
Monthly-Income Goal = Personal Betting Bankroll divided by 4.
Next, based on your Monthly-Income Goal, you set a Series Total from which you will in turn set a 3-number Series. Since you need to win only 4 Series in a month to attain 8 total wins and the “salary” you want, divide your Monthly-Income Goal (in this case, $400) by 4 and get a Series Total (in this case, $100).
Series Total = Monthly-Income Goal divided by 4.
Now that you have a Series Total, break it into 3 numbers so that the first and third figures are equal and are twice the amount of the second number. In this case, then, your Series would be 40-20-40, since $40 + $20 + $40 = $100, with $40, the first and third numbers, being twice the value of $20, the second number.
Series = Series Total broken into 3 numbers -- or Series Amounts -- so that Nos. 1 and 3 are equal and twice the amount of No. 2.
The object is now to eliminate your Series (in this case, 40-20-40) with 2 winning wagers. With the first winning parlay wager, you eliminate the “outside” numbers, 40 + 40 (or 80, Nos. 1 and 3 combined). With the second winning parlay wager, you eliminate the “inside” number, 20 (or No. 2). You do this by betting enough to first win $80, then by betting enough to win $20.
It’s important to grasp that whenever you lose a parlay wager trying to eliminate either the outside 2 numbers or the inside 1 number, you always move up to a new Series that features higher wagers. In other words, whenever you lose a wager in an attempt to eliminate the 2 outside numbers, you immediately move up to a new, higher 3-number Series without worrying about eliminating the 1 inside number. Likewise, if you ever lose a parlay wager trying to eliminate the 1 inside number, you automatically move up to a new, higher 1-number Series.
After any loss, you determine your new, higher Series by dividing the amount of the previous Actual Wager Amount evenly among the number(s) -- or Series Amount(s) -- in the previous Series. Note that in The Set Monthly-Income System, I refer to the dollar figures you lay to win Series Amounts as Actual Wager Amounts.
Actual Wager Amount = the dollar figure you lay to win a Series Amount (or a combination of 2 Series Amounts) in your Series.
To help you understand, let’s look at our example Series of 40-20-40. To eliminate the 2 outside numbers, you wager $30 on a 2-team parlay to win $80, the profits representing the combined value of the outside numbers (or Nos. 1 and 3). Remember, in our examples, we’re assuming both teams are given 11-10 odds and our parlay pays out at a 2.64-1 ratio.
If you win this first wager, the outside 2 numbers are eliminated, and you are left with just 1 “inside” number (or No. 2) to achieve your Series goal (in this case, 20). So a second wager is made to eliminate this 1 inside number, meaning you wager $7 on a 2-team parlay to win $20. Hopefully, you win this wager and, having eliminated the Series entirely, you achieve your goal and start over with another, new Series (in this case, 40-20-40, meaning you make another $30 bet to win $80).
If you lose a parlay wager, you continue betting with a higher Series -- a 3-number Series if the loss came as you were betting to eliminate the outside 2 numbers, or a 1-number Series if the loss came as you were betting to eliminate the 1 inside number. To determine the Series Amount(s) for the new Series, take the previous Actual Wager Amount and break it evenly over the remaining Series Amount(s) in the Series.
For example, if you lose the first wager in our example (in this case, $30 to win $80), you divide the previous Actual Wager Amount by 3, rounding to the nearest dollar (in this case, 30 divided by 3 = 10), and add that figure (in this case, 10) to each of the numbers in your 3-number Series (in this case, the new Series Amounts would be 50-30-50, since 40 + 10 = 50, 20 + 10 = 30 and 40 + 10 = 50).
Similarly, if you lose the second wager (in this case $7 to win $20), you add the previous Actual Wager Amount (in this case, 7) to the only number in your 1-number Series (in this case, the new Series Amount would be 27, since 20 + 7= 27).
Continue betting to eliminate first the 2 outside numbers then the 1 inside number until you go through an entire month’s worth of parlay wagers, presumably 30 or 31 bets and/or days. Of course, you may make 1 wager on an early NFL game on Sunday and then follow it up with a second bet on an afternoon game, so your “month” may end before 30 days are up.
Or, if you wish, you may extend your month past 30 wagers to a full calendar month or beyond, regardless of how many bets you make. If you’re like me, you’ll use this System to wager year-round but will still Chart your progress by the calendar month, in order to determine your monthly profits and to reset your Monthly-Income Goal on a regular basis.
As long as you eliminate a minimum of 4 Series -- totaling 8 winning parlay bets -- every 30 days or 30 parlay wagers, you should reach or exceed your Monthly-Income Goal.
After your first month, you’ll want to roll your $400 in profits into your Personal Betting Bankroll and set a new Monthly-Income Goal. Using the Formula, you would divide your new Personal Betting Bankroll of $2,000 by 4 and get $500, giving you a new Series Total of $125, making your new Series 50-25-50.
In this way, after a year, your Personal Betting Bankroll would stand at $6,400, meaning your Series Total would be $1,600, and your new Series would be 160-80-160.
The objective is to earn a “salary” from gambling every month, the amount of which you preset, by winning as few as 26% of your 2-team parlays.
The Series
The 3-number Series in this is System set by you, depending on the amount you set as your Monthly-Income Goal, and is eliminated by 2 winning parlay wagers, the first to eliminate the 2 outside numbers and the second to eliminate the remaining 1 inside number.
The Formulas
There are, as you’ve learned above, several formulas relating to this System -- ones for determining your 1) Monthly-Income Goal, 2) Series Total, 3) Series, and 4) Actual Wager Amounts.
1) Monthly-Income Goal = Personal Betting Bankroll divided by 4.
2) Series Total = Monthly-Income Goal divided by 4.
3) Series = Series Total broken into 3 numbers so that Nos. 1 and 3 are equal, and are also twice the value of Nos. 1 and 3. Below find several examples of properly set Series and their corresponding wagers:
Monthly Goal in $ - Series Total in $ - Series – 1st Wager In $ - 2nd Wager in $ if 1st one Won
400 100 40-20-40 30 to win 80 7 to win 20
500 125 50-25-50 38 to win 100 9 to win 25
800 200 80-40-80 60 to win 160 15 to win 40
1,000 250 100-50-100 76 to win 200 19 to win 50
1,600 400 160-80-160 121 to win 320 30 to win 80
2,000 500 200-100-200 151 to win $400 38 to win 100
4,000 1,000 400-200-400 302 to win 800 76 to win 200
5,000 1,250 500-250-500 378 to win 1,000 95 to win 250
10,000 2,500 1,000-500-1,000 756 to win 2,000 189 to win 500
4) Actual Wager Amount = the dollar figure you lay to win a Series Amount, or a combination of Series Amounts, in your Series.
Below find an example using your 40-20-40 Series, and the progression that takes place depending on winner and losing wagers:
Series – Bet To Win – If Lose, Move Up to – If You Win, Bet To Win – Win? Congrats – Lose? Bet To Win
40-20-40/ 30-80 / Next Series/ 7-20 / Start over/ 10-27
50-30-50/ 38-100/ Next Series/ 11-30/ Start over/ 15-41
69-49-69/ 52-138/ Next Series/ 19-49 / Start over/ 26-68
86-66-86/ 65-172/ Next Series/ 25-66/ Start over/ 34-91
108-88-108/ 82-216/ Next Series/ 33-88 / Start over/ 46-121
135-115-135/ 102-270/ Next Series/ 43-115/ Start over/ 60-158
169-149-169/ 128-338/ Next Series/ 56-149/ Start over/ 78-205
1) Set your Monthly-Income Goal by dividing your Personal Betting Bankroll by 4, in this case $1,600 divided by 4 = $400.
2) Determine your Series Total by dividing your Monthly-Income Goal by 4, in this case $400 divided by 4 = $100.
3) Calculate your Series by breaking your Series Total into 3 numbers so that the first and third numbers are equal, and so that they are twice the value of the second number, in this case 40-20-40.
4) Make a straight wager in an attempt to eliminate the combined total of the 2 “outside” numbers of the 3-number Series (or 40 + 40), in this case a $30 bet to win $80.
5) If you win the first wager, you eliminate the 2 outside numbers in the Series and are left with just the 1 “inside” number, in this case 20. Make a straight wager (in this case, $7 to win $20) in an attempt to eliminate it and achieve your goal, at which point you start over at the beginning with a new 40-20-40 Series.
6) If you lose a wager trying to eliminate your original (or any) 2 outside numbers, divide the previous Actual Wager Amount evenly over the remaining Series Amounts in the Series. In this case, if you lose the first wager, divide 30 by 3 and add 10 to each amount in the 3-number Series, making your new 3-number Series 50-30-50, and your next Actual Wager Amount $38, in an attempt to win $100 (or 50 + 50).
7) If you lose a wager trying to eliminate your original (or any) 1 inside number, add the previous Actual Wager Amount to the previous Series Amount in the Series. In this case, add 7 to 20, making your new 1-number Series 27, and your next Actual Wager Amount $10, in an attempt to win $27 (or 7 + 20).
8) Continue betting, seeking to eliminate first the 2 outside numbers of any given Series with an initial wager, then the 1 inside number with another wager. Once you win 2 bets, eliminating both 2 outside numbers and 1 inside number, start over.
9) Bet a full month in this fashion, up to 31 wagers or more, picking at least 26% winners to earn your Monthly-Income Goal.
10) At month’s end, roll your profits (in this case, at least $400) into your Personal Betting Bankroll and set a new Monthly-Income Goal. Using the Formula, you would divide your new Personal Betting Bankroll (in this case, $2,000) by 4 for your new Monthly-Income Goal ($500), which you divide again by 4 to get your new Series Total ($125), from which you calculate your new Series (50-25-50).
11) Don’t forget to track all your bets.
The Proof
It doesn’t take much study of The Set Monthly-Income System to see that if you can pick 40% winners with 2-team parlays, you make out like a bandit. But what about the rest of us, and my boast that you can profit nicely by picking under 26% parlays?
Below is a precise example of doing just that, picking 8 winners among 30 parlays. See for yourself how the System works from day to day, and how much you profit by winning just slightly more than 1 in 4 wagers.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
As you see, you quickly eliminate the outside 2 numbers with an immediate win, yet it takes you another 7 wagers to get your next win and eliminate that pesky 1 inside number. Still, after going 2 wins and 6 losses, you are up $100. If you can maintain this winning percentage of .250, you’ll collect more than that $400 profit you’re after in just 1 month. You now start over at the beginning with a new Series of 40-20-40 since your goal’s attained.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
9/ 40-20-40/ 30-80/ lose/ -30/ +70
10/ 50-30-50/ 38-100/ lose/ -38/ +32
11/ 69-49-69/ 52-138/ win/ +138/ +170
12/ 49/ 19-49 / lose/ -19/ +151
13/ 68/ 26-68 / lose/ -26/ +125
14/ 94/ 35-94 / lose/ -35/ +90
15/ 129/ 49-129/ lose/ -49/ +41
16/ 178/ 67-178/ lose/ -67/ -26
17/ 245/ 93-245/ win/ +245/ +219
This Series, you start with 2 consecutive losses before eliminating the outside 2 numbers. Then it takes you 6 more picks to eliminate the inside 1 number. Yet by going just 2 wins and 7 losses, you add $245 to your Bankroll and are now up $219 by posting a record of just 4 wins and 13 losses (or .235, slightly over the minimum percentage required to meet your Monthly-Income Goal).
Your goal achieved, you begin again.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
18/ 40-20-40/ 30-80/ win/ +80/ +299
19/ 20/ 7-20/ lose/ -7/ +292
20/ 27/ 10-27/ lose/ -10/ +282
21 / 37/ 14-37/ win/ +37/ +319
This time, you go 2 wins and 2 losses in eliminating both the outside and inside numbers. You ring up $37 in profit, giving you a total of $319 after picking 6 winners in 21 tries (for a respectable parlay winning percentage of .286).
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
22/ 40-20-40/ 30-80/ lose/ -30/ +289
23/ 50-30-50/ 38-100/ lose/ -38/ +251
24/ 69-49-69/ 52-138/ lose/ -52/ +199
25/ 86-66-86/ 65-172/ lose/ -65/ +134
26/ 108-88-108/ 82-216/ win/ +216/ +350
27/ 88/ 33-88/ lose/ -33/ +317
28/ 121/ 46-121/ lose/ -46/ +271
29/ 167/ 63-167/ lose/ -63/ +208
30/ 230/ 87-230/ win/ +230/ +438
So you can see, by picking just 8 parlays correctly out of 30 for a winning percentage of .266, you add an impressive $438 to your Bankroll.
If you can pick more than 1 in 4 parlay winners, the power of The Set Monthly-Income System will work for you every month -- so you don’t have to.
Tips
1) Use this System to bet on all 4 major sports, mixing and matching favorites, underdogs and totals with 2-team parlays.
2) Because you are betting on parlays and in effect need to go 2 wins and 0 losses to win 1 wager, make sure you use this System with your best bets of the day.
3) If you are betting on baseball and hockey, keep in mind that the moneyline odds are different than standard 11-10 odds against the spread, and must be taken into account when determining your Actual Wager Amounts.
4) If your Bankroll permits, run several Series simultaneously. If you regularly have 4 strong picks a day, for example, by running 2 modest Series of 40-20-40, you can make $800 in profit per month by picking just 26% winners.
5) If you aren’t sure of your ability to pick parlays, perhaps try out The 1-8 Parlay System first as trial run.
6) Don’t forget to religiously track your bets using the handy Chart at the end of this chapter.
Crunching the Numbers
After going through the example above, you may like the idea of the Parlay Version of The Set Monthly-Income System but remain skeptical that you can make the cut by consistently picking 26% winners. If so, you may want to get your feet wet by trying The Parlay System, in which you are required to pick just 12% winners, for a few weeks and see how you do.
But don’t discount this System too quickly, especially if you are a talented handicapper, because the profits can add up faster than with The Parlay System. If you closely analyze the example above, you see that your first Betting Block -- which represents just 25% of your Bankroll -- is never in jeopardy, even though you rack up over 73% losses.
However, don’t forget that you can pick a lot of winners without winning a single parlay, since every parlay is in effect made up of 2 bets. So it’s common to go on a tear in which you win just 1 of the 2 games in your parlay, which of course doesn’t ultimately count -- or earn you a penny.
So you fully understand the math behind the System, for each 2-team parlay you bet, there are 4 possible outcomes:
LL (2 losses)
WL (1 win, 1 loss)
LW (1 win, 1 loss)
WW (2 wins, 0 losses).
Over the course of a month, if you bet 1 game every day, there are 120 possible outcomes for those wagers, only 30 of which (or 25%) make you a winner. While it’s impossible to know how many games you will pick correctly, let’s assume for a moment while playing devil’s advocate that you don’t do well at all. Let’s assume that of your 30 parlays:
1) You pick the necessary 2 winners (WW) just 4 times out of 30, or half as often as the 8 times you hope for.
2) You pick 2 losers (LL) 3 times more often than 2 winners (WW), or 12 times out of 30.
3) You pick 1 winner and 1 loser (WL or LW) 3.5 times more often than 2 winners (WW), or 14 times out of 30.
This means that out of 60 games overall making up your 30 parlays, you post a dismal record of 22 wins and 38 losses (or a winning percentage of .367). More importantly, it means that you win just 13% of your parlays, one-half the target of 26% you want so you can meet your Monthly-Income Goal.
Let’s see how this losing month affects your Personal Betting Bankroll.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
1/ 40-20-40/ 30-80/ lose/ -30/ -30
2/ 50-30-50/ 38-100/ lose/ -38/ -68
3/ 69-49-69/ 52-138/ lose/ -52/ -120
4/ 86-66-86/ 65-172/ lose/ -65/ -185
5/ 108-88-108/ 82-216/ lose/ -82/ -267
6/ 135-115-135/ 102-270/ lose/ -102/ -369
7/ 169-149-169/ 128-338/ win/ +338/ -31
8/ 149/ 56-149/ lose/ -56/ -87
9/ 205/ 78-205/ lose/ -78/ -165
10/ 283/ 107-283/ lose/ -107/ -272
11/ 390/ 147-390/ lose/ -147/ -419
12/ 537/ 203-537/ lose/ -203/ -622
13/ 740/ 280-740/ lose/ -280/ -902
14/ 1,020/ 386-1,020/ win/ +1,020/ +118
It took 14 days, but you did it. That may seem like a lot of work (and wagers) to make $118, but consider how much in the hole picking just 2 winners and 12 losers would put you if you weren’t using my System.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
15/ 40-20-40/ 30-80/ lose/ -30/ +88
16/ 50-30-50/ 38-100/ lose/ -38/ +50
17/ 69-49-69/ 52-138/ lose/ -52/ -2
18/ 86-66-86/ 65-172/ lose/ -65/ -67
19/ 108-88-108/ 82-216/ lose/ -82/ -149
20/ 135-115-135/ 102-270/ lose/ -102/ -251
21/ 169-149-169/ 128-338/ lose/ -128/ -379
22/ 212-192-212/ 160-424/ lose/ -160/ -539
23/ 265-245-265/ 200-530/ lose/ -200/ -739
24/ 332-312-332/ 251-664/ win/ +664/ -75
25/ 312/ 118-312/ lose/ -118/ -193
26/ 430/ 163-430/ lose/ -163/ -356
27/ 593/ 224-593/ lose/ -224/ -580
28/ 817/ 309-817/ win/ +817/ +237
Again, you go an abysmal 2-12, and again you add to your Bankroll, this time enough to put you $237 ahead. So as to keep the System “honest,” we end on 2 losses to see how it ultimately affects your Bankroll.
Bet # - Series – Bet To Win – W/L – Series Profit $ - Net Profit $
29/ 40-20-40/ 30-80/ lose/ -30/ +207
30/ 50-30-50/ 38-100/ lose/ -38/ +169
So there you have it. You pick a disappointing 38% winners overall and just 13% winners in parlays, going 4-26 for the entire month. And you still come out $169 in the black. Can you imagine you ever bet without using 1 of my 12
Money-Management Systems to protect and build your Bankroll?
Summing It All Up
Parlays aren’t for everybody. In fact, the only smart parlays for anybody are the 2-team variety. But if you’re a talented gambler who can often spot 2 games in a day that you can group together for 2 wins in 1 wager, the Parlay Version of The Set Monthly-Income System can safely and steadily build your Bankroll.
Not only that, it allows you to set a monthly “salary” for yourself based on your sports gambling. So the next time your significant other gives you grief about always watching SportsCenter or checking scores on your pager or cell phone, you can tell her that your betting paid for her last vacation.
Maybe the best thing about the Parlay Version of The Set Monthly-Income System is that it requires you to pick just slightly better than 1 in 4 winners to meet your Monthly-Income Goal. Don’t think you can call 26% winners on parlays? Well, the good news is that you can pick just 12% winners and post a tiny profit.
While the Program may seem complicated at first, soon you’ll be doing it without thinking. Here’s a quick overview of the System that could bring you up to $15,000 a month or more in gambling profits, like it does me and my professional gambling colleagues:
1) Set your Monthly-Income Goal by dividing your Personal Betting Bankroll by 4, in this case $1,600 divided by 4 = $400.
2) Determine your Series Total by dividing your Monthly-Income Goal by 4, in this case $400 divided by 4 = $100.
3) Calculate your Series by breaking your Series Total into 3 numbers so that the first and third numbers are equal, and so that they are twice the value of the second number, in this case 40-20-40.
4) Make a straight wager in an attempt to eliminate the combined total of the 2 “outside” numbers of the 3-number Series (or 40 + 40), in this case a $30 bet to win $80.
5) If you win the first wager, you eliminate the 2 outside numbers in the Series and are left with just the 1 “inside” number, in this case 20. Make a straight wager (in this case, $7 to win $20) in an attempt to eliminate it and achieve your goal, at which point you start over at the beginning with a new 40-20-40 Series.
6) If you lose a wager trying to eliminate your original (or any) 2 outside numbers, divide the previous Actual Wager Amount evenly over the remaining Series Amounts in the Series. In this case, if you lose the first wager, divide 30 by 3 and add 10 to each amount in the 3-number Series, making your new 3-number Series 50-30-50, and your next Actual Wager Amount $38, in an attempt to win $100 (or 50 + 50).
7) If you lose a wager trying to eliminate your original (or any) 1 inside number, add the previous Actual Wager Amount to the previous Series Amount in the Series. In this case, add 7 to 20, making your new 1-number Series 27, and your next Actual Wager Amount $10, in an attempt to win $27 (or 7 + 20).
8) Continue betting, seeking to eliminate first the 2 outside numbers of any given Series with an initial wager, then the 1 inside number with another wager. Once you win 2 bets, eliminating both 2 outside numbers and 1 inside number, start over.
9) Bet a full month in this fashion, up to 31 wagers or more, picking at least 26% winners to earn your Monthly-Income Goal.
10) At month’s end, roll your profits (in this case, at least $400) into your Personal Betting Bankroll and set a new Monthly-Income Goal. Using the Formula, you would divide your new Personal Betting Bankroll (in this case, $2,000) by 4 for your new Monthly-Income Goal ($500), which you divide again by 4 to get your new Series Total ($125), from which you calculate your new Series (50-25-50).
Linear Mode
