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Old 11-22-06, 10:57 AM
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Join Date: Nov 2006
Posts: 349
RickJ is on a distinguished road
Wedn NHL plays

A good day yesterday. Dallas under 205 was a winner by almost 20 pts! That brings us to our highest percentage gain yet. 16.26% on 207 bets.

Things have been great..but let me discuss a second about draw down..or variance. Being a poker player it is generally accepted that your bankroll should be at least 300 big bets. Or if your playing 100-200 holdem ..60,000 to play day in and day out. The reason assuming you have a positive expectation in the game is variance or what some people call "running bad".

The same is true for sports betting. Even if you have a positive expectation variance will still require certain bankroll requirements.

So far we have had almost 0 draw down..everything has been pretty much straight up. But reality what it is dont get carried away with this and be conservative, expect ..anticipate a draw down and be prepared.

Good Luck!

22-Nov-06 Hockey
Colorado Avalanche for Game +106

22-Nov-06 Hockey
Phoenix Coyotes for Game +155


RickJ

Record to date:

mlb
Sides: 17- 14 +6.83
o/u 3-8-1 -5.09
ncaafb
Sides 29-21-1 +8.39
o/u 6-5 +.72
nfl
Sides 14-3-1 +10.90
o/u 6-3 +2.83
nhl
sides 20-20 +2.56
Nba
Side 13-11 +1.71
o/u 8-3 +4.94

Total 207 Bets + 33.65 units +16.26% Return

Last edited by The Bartender; 04-28-08 at 04:33 PM. Reason: removing link to his site
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Old 04-28-08, 02:02 PM
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Join Date: Apr 2008
Posts: 7
jamesK1 is on a distinguished road
interestingly cool

Quote:
Originally Posted by RickJ View Post
A good day yesterday. Dallas under 205 was a winner by almost 20 pts! That brings us to our highest percentage gain yet. 16.26% on 207 bets.

Things have been great..but let me discuss a second about draw down..or variance. Being a poker player it is generally accepted that your bankroll should be at least 300 big bets. Or if your playing 100-200 holdem ..60,000 to play day in and day out. The reason assuming you have a positive expectation in the game is variance or what some people call "running bad".

The same is true for sports betting. Even if you have a positive expectation variance will still require certain bankroll requirements.

So far we have had almost 0 draw down..everything has been pretty much straight up. But reality what it is dont get carried away with this and be conservative, expect ..anticipate a draw down and be prepared.

Good Luck!

22-Nov-06 Hockey
Colorado Avalanche for Game +106

22-Nov-06 Hockey
Phoenix Coyotes for Game +155


RickJ

Record to date:

mlb
Sides: 17- 14 +6.83
o/u 3-8-1 -5.09
ncaafb
Sides 29-21-1 +8.39
o/u 6-5 +.72
nfl
Sides 14-3-1 +10.90
o/u 6-3 +2.83
nhl
sides 20-20 +2.56
Nba
Side 13-11 +1.71
o/u 8-3 +4.94

Total 207 Bets + 33.65 units +16.26% Return
profound or simple.. like lots of stuff.

Last edited by The Bartender; 04-28-08 at 04:33 PM.
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