I know I just changed gears from poker to sportsbetting, so I think it would be appropriate to outline my strategy.
I am going to be betting money lines and parlaying them together to add value. My goal is ambitious for investors, but kinda modest when you start talking in terms of poker and gambling. My goal is to return 10% per month. I am starting with $83. Yes, a strange starting bankroll, but I dont want to get into why it is such a weird amount. If I can prove to handle the ups and downs and continue to trend upwards, I will add a few hundred periodically to boost my roll. I think a big bet will be approx one third of my bankroll and I do not want to bet more than that. If i lose a bet of 1/3 my bankroll, I will readjust my bet size so I am always betting 1/3 and therefore reducing my risk of ruin.
A 10% per month goal is pretty ambitious and I like to beat every goal that is given to me, but I am going to try to use this goal as a measuring stick to keep myself on track. No need to break the bank every day and if I can stay on target I will set myself up for a very nice return. Something where you can retire within a few years. So the power is there, now it is time to execute the plan.
I am looking at the games tomorrow and only see one worth considering. I like the Jazz. Toronto is playing late in Sacramento and then flies in to Utah to take on the Jazz. The Jazz have the night off and should be well rested. The Raptors are a stronger team than I would normally like to bet against, but they are without Chris Bosh and are playing the last game of a 5 game road trip. I just dont see Toronto playing well the 2nd game of back-to-back road games. The Jazz proved just how hard that can be by beating Boston on the road, then losing to the Nets the following night. I like the Jazz and believe I can get some solid value from a small bet here. After a nice win tonight, I do not need to make any bets until thursday when the NCAA tournament gives me a ton of great opportunities to parlay some huge money lines...but i think this play is strong enough to warrant a small $5 bet. With my roll being so modest, I only need to make about 25 cents this early on to make my goal for the day.
When I wake up and check the lines, I will make my bet and post the ticket.
Oh, and I forgot about the women's NCAA tourney...this could be a really profitable month, or could bust me...no many upsets in the women's game...so the 1 seeds are pretty much guaranteed to get to the sweet 16.
This morning I got a bit ahead of myself. I saw all sorts of tennis bets, but you cannot parlay them. I guess thats ok because the money line yields a nice 8%, so I made a few $5 bets. I believe a few of them will come in before the Jazz game tips off, so I can always bumps my bet on the jazz. I will copy and paste my picks in here after I get home from work.
I know this is a great time of year to bet money lines with the NCAA Tourney, NIT, and the women's tourney too. I also like that there is tennis going on. I need to figure out what sports are being played and what times of the year so I can figure out where I need to be each month. I know college football will yield some opportunities, I just dont know how profitable they will be.
Chronicling my progress from sng grinder to NL cash. I am starting at 50NL with a goal to be grinding the 200-400NL games. Anything above that is gravy. Check out my progress. I started with $300 bucks and come see if I flame out or if I am moving up the ranks!
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