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Records:

2008: 57-36-2 ATS (61.3%)
2009: 55-30-1 ATS (64.7%)

Overall: 112-66-3 ATS (62.9%)

Wednesday, September 2, 2009

Some Betting Advice for the Coming Season

One key aspect of gambling is knowing how to maximize your profits. I thought it would be worth a write up to explain to you all the approach I will be taking to maximize mine. I will be entering my third year of NFL wagering this following year, and I have had mixed results my first two. For my first two years of wagering, I found myself addicted to the parlay. Straight wagers simply didn't increase my bankroll fast enough for my liking. The first year I used parlays I actually was quite successful, increasing my initial bankroll by 12x by the end of the year. I took this parlay mindset into last season's wagering, and to say it didn't go as well would be an understatement. You all followed along with me last year, I hit 61% of my plays which is pretty damn good for the NFL. However, my parlays always seemed to lose a key play, and I would find myself ending 4-2 weeks barely up or even down a bit. Plus, any week that was especially bad would cripple my bankroll. Although it is an exciting type of wagering and there are wild swings week to week, it simply is not a consistent way to win. That is the major risk you run with parlays, any bad week could kill you. Even with a system backing my plays, there will be occasional weeks where we aren't satisfied with the results.

I've decided that although there is high reward for parlays, they simply will not be worth my time this year. I am not entering this NFL season thinking about it as gambling, I will be thinking about it as investing. I am going to put a larger percentage of my bankroll on my wagers than normal, knowing that the results will be there at the end of the season. If you are looking to double your bankroll every week or make monumental gains, I would strongly advise against it. Rather, invest a chunk of money that you are comfortable risking, bet a set % of your initial bankroll, and perhaps reassess how much you'd like to be wagering every 4 weeks. Anybody can have a bad week or two, it is the nature of gambling. However, given the strength of my system and my confidence in my own plays, I strongly doubt that we will ever look at a 4 week span that we didn't profit in.

I need to get out of my "Make money now" mindset, and focus on having a nice payday at the end of the season in February. I was 57-36 last season, had I just straight wagered $110 on all of those plays at -110 odds I would have found myself up $1740. Instead, I found myself down for the year because I wanted to immediate reward of a nice parlay hit. If parlays are your thing and you can be successful with them, by all means continue and I wish you the best. However, if you've struggled with parlays in the past and failed to turn a profit, I suggest you take the same approach as me, realizing the profit will be there at the end of the year.

Although I am very confident about how this upcoming season will go, you all must remember that I am not guaranteeing anything. That has always been my message, past performance does not guarantee future results. There is no guarantee that because I hit 61% last year I will do it again this coming season. I could do better, I could do worse. I just want everyone to be aware I can not promise a profit, I can only promise to put forth my best effort to produce one. I mentioned this before, but again, I've never carefully tracked my personal plays record before. Given that fact, you may want to be cautious these first 7 weeks until I have my system running too. That is completely up to you and how competent you think I am. But at the end of the day, regardless of whether you have had a profitable week or not, realize that it was you who made the plays. Rather than just blindly tailing every play I recommend, you may want to just bet the ones you agree with. Do not leave your comfort zone with your wagering, and please don't risk more than you can afford to lose. I wish you all the best this coming season! Plays for Week 1 will be coming soon!