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12 WAYS TO BEAT YOUR BOOKIE
Proven Money-Management Programs
For the Professional Sports Bettor
By
TONY STOFFO
with
NELSON WILLIAMS
Formally entitled
Money Management for the Year Round Professional Sports
Handicapper
Copyright 2003, Tony Stoffo and Nelson Williams, All rights
reserved
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ABOUT THE AUTHORS Tony Stoffo, the former manager of the race
and sportsbook at the old Desert Inn Casino in Las Vegas, has made
his living in the sports gambling industry for 30 years. Starting
as a teenager, he ran bets for a local bookmaker on Wall Street for
10 years before moving to Florida to work full-time in the
thoroughbred horseracing industry. In 1989, he started as a
sportsbook writer in Las Vegas casinos, working his way up to
manager at the Desert Inn, one of the citys top 10 sportsbooks.
Tony still lives in Las Vegas, where over the last several years he
has earned the reputation as one of the best sports handicappers in
the country, making his exclusive picks available to gamblers via
the Internet at www.10starpicks.com and www.vegasinsider.com. He
can be reached at [email protected]. Nelson Williams, who
splits his time between New York City and Los Angeles, is a writer
and editor who has covered sports and other topics for newspapers
and magazines for 20 years. He can be reached at
[email protected].
ACKNOWLEDGEMENTS If it werent for Sonny Reizner, my former boss
at the Rio and Desert Inn sportsbooks in Las Vegas, you wouldnt be
reading this book today. Sonny, who ran the Hole in the Wall
Sportsbook at the old Castaways Casino from 1976 to 1988 and
developed the city's first NFL handicapping contest, took me under
his wing at the Rio, teaching me the ins and outs of the gambling
business. The sharpest bettor I have ever met, Sonny showed me many
of the strategies that I incorporate in my 12 Money-Management
Programs, and his influence continues to color every pick I make as
a professional handicapper. -- Tony Stoffo, 2003 I would also like
to thank Howard Schwartz from the Gamblers Book Shop here in Las
Vegas. Howard took time out of his busy schedule to share some of
his own ideas how to make my book even better and gave me the
encouragement to go forward with this project. -- Tony Stoffo, 2003
The Gamblers Book Shop is located at: 630 South 11th Street Las
Vegas, NV 89101 1-800-522-1777 http://www.gamblersbook.com
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DISCLAIMER All information in this book is meant for
professional gamblers betting in states and/or venues where it is
legal to do so. The authors and publishers do not condone illegal
gambling, strongly urge readers to determine the legality of
gambling in their locale or via the Internet before betting, and
accept no liability for those who break local, state, federal or
international laws by gambling illegally. As is stressed throughout
this book, all gamblers are encouraged to bet legally, smartly and
conservatively, with only a small portion of their disposable
income, risking only what they can afford to lose. Those who feel
that they may have a gambling problem are urged to cease betting
immediately and contact their states chapter of Gamblers Anonymous
as the first step in seeking help.
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TABLE OF CONTENTS Introduction 5 1. Re-Learning How to Bet 8 2.
Setting and Building Your Bankroll 13 3. Program #1: The 2-6
Straight Bet System 26 4. Program #2: The 2-3 Straight Bet System
39 5. Program #3: The 4-Level Accumulation System 51 6. Program #4:
The 2-16 Consecutive Wins System 63 7. Program #5: The 2-18
Consecutive Wins System 71 8. Program #6: The Straight + Saver
System 80 9. Program #7: The Baseball Streaks System 92 10. Program
#8: The Baseball Underdog System 104 11. Program #9: The 1-8 Parlay
System 116 12. Program #10: The 0% Risk System 124 13.
Superstitious, Anyone? 132 14. Program #11: The Set Monthly-Income
System (Straight Bet Version) 133 15. Program #12: The Set
Monthly-Income System (Parlay Version) 146 16. Sport by Sport
Betting Strategies 160 17. The Bet You Should Never Make 167 18.
Receiving Tony Stoffos Expert Picks 170 19. Glossary of Tony
Stoffos Gambling Terms 175
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INTRODUCTION Winners and Losers Its a funny thing about
gamblers. We all like to think its the other guy, not us, who is
helping casinos and sports books make billions of dollars a year.
In reality, 98 out of every 100 gamblers laying bets are guaranteed
to lose money over the long term. During the time I spent as the
Manager of the Race and Sportsbook at the Desert Inn Casino in Las
Vegas, I witnessed daily the misguided betting habits of the 98% of
gamblers who helped pay for the citys lavish casinos and hotels. I
also studied and befriended the 2% who were making real money over
the long haul. So what separated the countless losers from the
lucky few winners? Of the tens of thousands of sports gamblers I
watched, the losers invariably fell into one of several categories.
The first type of loser (and perhaps the most common) was the
high-roller from out of town who bet $1,000 or more on every game,
no matter what the situation, either because he had it to lose,
liked showing off for his buddies or lady friend, or was hooked on
the rush of gambling. I met perhaps the most memorable high-roller
of my career on Super Bowl Sunday in 1996. The casino manager
brought him over to me moments before kickoff, informing me that
the gentleman wanted to lay $200,000 on the Pittsburgh Steelers,
who were 13-point underdogs against the Dallas Cowboys. Our betting
limit for the big game was $25,000, but the high-roller said the
Hilton down the Strip was willing to take his bet if I wasnt, so I
took his action. Dallas won the game 27-17, meaning Pittsburgh
covered, so he won the bet at 11-10 odds and pocketed $181,818.18.
But we at the Desert Inn sportsbook were ultimately the winners.
This high-roller was so high over his win that he went on to drop
$1.5 million at the blackjack tables later that night. Like this
gentleman, most high-rollers feed off the rush and buzz of gambling
-- so much so that winning is almost an afterthought. Even if they
pick a big winner, theyre often quick to squander their earnings
within hours of cashing in. Of the other types of losers, there was
the $100-a-unit everyday bettor who chased losses by upping his
plays to $250 or even $500 or more in a doomed game of catch-up.
Then there were the regulars and out-of-towners alike who set their
bet amounts erratically on whims, with no rhyme or reason, either
underplaying great values, overplaying mediocre picks on
ill-conceived hunches, or throwing away their mortgage money on
fly-by-night handicappers so-called locks. Meanwhile, the whopping
2% of consistent winners all fell into one single category. Every
one used money-management strategies that I witnessed, analyzed,
modified and verified for years before compiling them in this one
invaluable book for serious sports gamblers like you. Join the
Exclusive Winners Club In the pages to follow, Ill explain in
easy-to-understand language how your bad betting habits have kept
you from winning consistently. Ill also outline in simple detail my
12 Money-
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Management Programs, which will correct those bad habits and can
help turn even those below-average bettors among you into
consistent winners. My 12 Money-Management Programs are all based
on mathematical certainties, but you wont need a Ph.D. or a
computer to figure them out. In fact, theyre so simple that after a
few days, you'll be using them automatically in your daily betting,
without a second thought. But they do require discipline -- the
discipline to bet only amounts dictated by your previous bets
outcomes, and the discipline to track every single bet you make,
win or lose. Dont worry, Ill provide you with all the information
youll need to help determine how much of your Bankroll to set aside
for each bet, as well as with the necessary Charts to track your
winnings. The only thing left to decide will be which teams to bet
on. Fortunately for you, my Programs even take much of the risk out
of that. Skeptical? Dont be. Before we go any further, Im going to
let you in on the dirty little secret that bookmakers never want
you to find out: You dont have to pick 53% or more winners in order
to make a profit, as is commonly believed. By setting your bet
amounts according to my Programs, you can win as few as 26% of your
straight bets and 12% of your 2-team parlays and still walk away
with hundreds or even thousands of dollars or more in profit every
week. So theres no pressure to pick winners more than half the
time, which even professional handicappers and gamblers like me,
who make their entire livings by betting, have a tough time
accomplishing. The Most Important Bet Youve Ever Made By buying
this easy-to-understand insiders guide to sports gambling, youve
made the best investment you possible could as a bettor. Read it
through once, making note of which of my 12 Money-Management
Programs make the most sense for you. Check out the test results
Ive included that show actual examples of how you can pick just 8
winners out of 30 games in one monthly Program and still net
hundreds or thousands of dollars of profits. Then, when youre
ready, starting turning your own disposable income into regular
winnings. In a few days, youll be astounded that you ever set your
bet amounts off the top of your head and not according to one of my
12 Money-Management Programs. As you get comfortable with my
programs and gain the confidence that comes with making consistent
money, make sure to implement the Sport by Sport Betting Strategies
I include in Chapter 16, which can help you earn up to $50,000 or
more annually from your sports gambling. Or use Program #10, which
releases for the first time my 0% Risk System -- picked up from
some wise guys from New York -- which literally guarantees youll
come away from any straight moneyline bet with either a win or a
push, no matter which team wins. Making guaranteed profits -- or,
better yet, a living -- from gambling on sports may sound too good
to be true, but Ill prove to you that its possible time and again
with concise instructions and numerous examples in the pages to
follow. Ill also give you inside strategies on how to build your
Bankroll from month to month and year to year, so you can afford to
bet -- and win -- more and more as time goes by.
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Now that youre ready to put losing behind you, lets get started
managing your bets, beating your bookies and building your
Bankrolls. Tony Stoffo
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Chapter 1
RE-LEARNING HOW TO BET
Take 3 Simple Steps to Betting Success
As I noted in the Introduction, gamblers making straight bets
must hit 53% winners just to make a profit. This in and of itself
is hard enough for the average bettor -- but the task is made even
more difficult when you vary your bet amounts on whims and
hunches.
The average win on a straight bet nets a one-time 90.9% return
on your wager, meaning you must lay $11 to win $10. On the other
hand, every single winning wager using most of my 12
Money-Management Programs not only builds your Bankroll by this
same ratio but also recoups either a portion or all of your recent
losses.
In fact, when betting with one of my Programs, losing any single
bet isnt a cause for worry like it would be if you laid a
substantial bet on a game because you had a gut feeling or even
paid for a professional handicappers expert picks.
Why? Because regular losses are expected and built into my
Programs. So you know there will inevitably be another win coming
along that will earn back your losses, plus a little extra. (Ill
even show you how to incorporate the money you pay handicappers
into the System, so your winnings pay for expert picks such as mine
many times over.)
My 12 Money-Management Programs, which I learned from gambling
professionals who make their entire living by betting on sports,
are based on proven mathematical certainties that virtually
guarantee youll make money by: 1) Breaking your Bankroll into
portions to help prevent losing the entire amount, even during
losing streaks (see Chapter 2, Setting and Building Your Bankroll,
for details).
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2) Determining your current bet amounts according to the results
of previous wagers, not hunches or whims (see each Program chapter
for a full explanation). 3) Requiring you to keep disciplined track
of all bets and profits, as well as any money paid to handicappers
for their expert picks (use the handy Chart Ive provided with each
Program for this precise purpose). Break 3 Common Bad Betting
Habits To accomplish the 3 simple things above and become part of
the 2% of bettors who make consistent money betting on sporting
events, youll need to break 3 of the bad habits that keep the other
98% of gamblers from winning. 1) Stop betting more than a small
portion of your total Bankroll on any single play. 2) Stop betting
an arbitrary number of games per day and setting your individual
bet amounts by some ill-conceived unit system. 3) Stop betting
without keeping strict track of all your wins, loses and
profits.
Youve probably noticed that by achieving the 3 dos above youll
be ensuring that youre not guilty of the 3 donts that follow.
Pick Your Programs Before Your Favorites
Before you even think about which teams to place your bet on --
or your favorites -- decide which of my 12 Money-Management
Programs best fit your gambling tastes and situation. Youll want to
read closely the chapter devoted to each Program, but heres a quick
overview: Program #1, known as The 2-6 Straight Bet System, is a
favorite because it requires you to hit just 33% -- or about 2 of 6
-- of your wagers to turn a profit. Similarly, Program #2, The 2-3
Straight Bet System, is popular since you can win substantial
profits by picking just 2 winners among any 3 wagers in a Series of
up to 8 bets. Conservative gamblers who are looking to bet modest
amounts daily with little if any long-term risk will undoubtedly
like Program #3, The 4-Level Accumulation System, which allows you
to grind out steady profits over months and even years while
getting lots of action every day. Programs #4 and #5, The 2-16 and
2-18 Consecutive Wins Systems, allow you to make money when you hit
just 2 consecutive winners in any Series of up to 16 or 18
bets.
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Program #6, The Straight + Saver System, is for action players
who like to bet 3 strong plays daily but who also want to hedge by
putting money on an opposite parlay to cover yourself for those
rare, disappointing 0-3 days. While most of my programs work across
all sports, Programs #7 and #8, The Baseball Streaks and The
Baseball Underdog Systems, are tailored to betting exclusively on
Americas Pastime, which lasts six months of the year and provides
some of the best values for gamblers. Those of you who enjoy the
increased payoffs of parlays will find it remarkable that you must
hit just 1 of 8 winners (for a winning percentage of only .125) to
make a profit using Program #9, The 1-8 Parlay System. For those
high-rollers who have substantial disposable income, Program #10,
The 0% Risk System, is a foolproof way to take advantage of
differing odds at various sportsbooks to guarantee yourself a
profit or push no matter who wins. Programs #11 and #12, the
Straight Bet and the Parlay Versions of The Set Monthly-Income
System, teach you how to set a monthly gambling salary for yourself
by laying either straight or 2-team parlay wagers. By picking a
minimum of 12% parlay winners or 26% straight-bet winners, you can
guarantee yourself a monthly income of $400, $1,000 or even $5,000
or more. Set and Build Your Bankroll Once you know which of my 12
Money-Management Programs youll be using to make gambling profits,
you need to know how much money you have to wager with. Ill explain
it fully in Chapter 2, Setting and Building Your Bankroll, but
basically it involves 3 easy steps: 1) Determining and putting
aside a portion of your disposable income that you dont need for
lifes essentials like mortgage or rent, car payments, credit card
bills, food and entertainment, etc., and using this Bankroll
exclusively for betting. 2) Dividing your Bankroll into 4 parts and
betting a calculated portion of this 25% of your Bankroll on every
pick. 3) Taking all winning profits and putting them back into your
Bankroll so you have more to bet -- and win -- with. Of course,
once you know what your total Bankroll is, youll need to determine
how much to wager on each game.
Aim For Your Target Numbers
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Believe it or not, virtually all bettors are destined to lose
before they even lay their bets -- because they make the mistake of
spending 90% of their time deciding which teams to bet on and just
10% on how to bet them. The key to my 12 Money-Management Programs
is to drastically alter that ratio. Each of my Programs involves
placing a Series of bets with predetermined wager amounts, which
virtually ensures youll make money in the long run. Because your
wager amounts are determined by the results of your previous plays,
you may be playing slightly fewer picks each day than you have in
the past if you are an action player. For example, you can play
just 1 Series in 1 Program, betting just 1 game a day, or 1 early
and 1 late game per Sunday during NFL season. Or those of you who
desire more action -- and have the Bankroll to afford it -- may
want to mix and match by playing several Series in 1 or more
Programs simultaneously. For instance, you may choose to bet on 1
game each day with a 2-6 Straight Bet System Series, 1 game with a
2-9 Consecutive Wins System Series and 2 more games via a 2-team
parlay in a 1-8 Parlay System Series. Whatever your selection of
Programs and the number of Series played in each, before you even
decide which games to bet on, youll know how much youre going to
wager, based on the previous plays results. This does away with any
guesswork regarding how much money or how many units to put on a
particular game. Because mathematical formulas proven to earn
profits over time are the basis of my 12 Money-Management Programs,
youll have 1 or more target numbers to hit in each Series every
day. We call these target numbers Series Amounts, since theyre the
numbers that make up your Series. For example, if youre running a
total of 3 Series in 1 or more Programs, your Series Amounts for
the day may be 48, 147 and 312, meaning your 3 Series require you
to wager enough to win $48, $147 and $312, respectively. Hence,
youd put your best play of the day on your $312 Series, your next
best on the $147 Series, and your third-strongest play on the $48
Series. Its important to note that each of my 12 Money-Management
Programs allows you as an individual bettor to select those that
fit your budget and Bankroll, so they can be used by $25-a-day
gamblers as easily as by $25,000-a-game gamblers. And youre not
required to run more than 1 Program or Series at a time, or even
bet every day. You can start with just 1 Series based on 1 Program,
and bet just once a day, or even skip days when youre not
comfortable making a play.
Chart Your Course and Keep on Track
With each of my Programs comes full instructions on not only how
and what amount to bet -- again, based on your personal budget and
Bankroll -- but a Chart to keep track of your wagers.
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Its imperative that you fill out these Charts religiously, or
you wont know how much to bet, and the mathematical formulas theyre
based on wont work to guarantee your long-term winnings. Youll want
to take this book to your local copy store and make dozens of
copies of all the Charts provided. I recommend you copy them onto
8.5 x 11-inch paper and keep them in a 3-ring binder for easy
access and tracking.
The enclosed Charts will not only help you calculate your daily
Series Amounts -- or how much to bet -- they also aid you in
tracking your long-term winnings. This will enable you to know when
its time to increase your bets to a larger-wager Series, allowing
you to increase your profits.
Take a Look at the Proof
In addition to Charts to track your bets, Ive included with each
and every Program several examples of Series that prove you can
pick just 12% winners on 2-team parlays and 26% winners on straight
bets, and walk away with substantial profits.
Since as a regular gambler youll also be interested in earning a
regular monthly income from your wagers, youll probably want to
incorporate Programs #11 and #12 into your gambling, so Ive even
included proof that these Programs do indeed bring regular
winnings, week after week, month after month.
This proof comes in the form of examples, which provide entire
months of sample wins and losses at various winning percentages to
show you that if you can hit a minimum number of bets, you are
guaranteed to be a winning gambler over the long haul.
So, lets move on to Chapter 2, set our Bankrolls and begin
making winning wagers.
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Chapter 2
SETTING AND BUILDING YOUR BANKROLL
Dont Spend It All in One Place (or on One Sunday)
Theres no time like pro football season at a sportsbook. Because
each team plays only 16 regular-season contests, every game is an
event. You can feel the buildup during the week, culminating on
Sunday, when there are usually 15 games on tap, oftentimes as many
as 11 early games kicking off at once, at 1 p.m. Eastern Standard
Time.
When I was managing the sportsbook at the Desert Inn Casino, the
first few Sundays of the NFL season were always standing room only.
There was electricity in the air. The bets came fast and furious.
Invariably, however, by Weeks 4, 5 and 6, the crowds had thinned by
60%. And those who remained were playing more conservatively.
Bettors who had been laying $500 a game were now agonizing over
their wagers and risking just $100 a game.
Needless to say, the football fans who disappeared altogether
after the first few weeks had blown their entire Bankrolls. And
practically the only money-management technique the last men
standing were using was to bet less, but of course they were doing
this only because they had less in their pockets.
By neglecting to set a Bankroll or use a money-management
strategy, both those groups had not only ruined their chances at
making money over the long haul, but theyd sapped all the fun out
of following the football season as fans and gamblers. Much like it
is for the players on the field, gamblers know its no fun sitting
on the sidelines, or playing catch-up for most of the season.
To begin making consistent money as a regular gambler, you must
first set your Personal Betting Bankroll, to ensure that the
occasional serious losing streak wont knock you entirely out of the
game. Before you can determine your Personal Betting Bankroll, its
a good idea to evaluate your personal finances as a whole.
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Grin and Bare Your Monthly Budget
If you can honestly say you know, without having to check your
personal records, exactly how much money you have left over each
month after all your living expenses are paid, you are exactly the
kind of person who will do wonderfully as a disciplined gambler.
Congratulate yourself and move down to the next section, where
youll set your Personal Betting Bankroll.
However, if you have no idea how much money you have going out
each month for all your personal bills, dont be discouraged. Youve
got plenty of company. Youd be surprised how many people -- even
extremely wealthy ones -- have never sat down and drawn up a
personal budget. In a way, theyre like gamblers who use no
money-management technique. They live week to week, paycheck to
paycheck, spending as urges and whims come and go, content not to
know the potentially scary truth of their financial situation as
long as there is some money in the bank and room on their credit
cards.
Because my 12 Money-Management Programs are all based on
financial discipline, lets quickly determine your monthly budget so
youll know how much of a beginning Bankroll you have to play with.
It takes only about 15 minutes -- whether youre one of the
middle-class masses or a multimillionaire -- and it can only help
your personal and gambling life to know exactly where you stand
financially.
To complete your personal budget, fill in the Chart at the end
of this chapter. Simply write in dollar amounts next to each of the
monthly budget categories, making sure theyre all accurate monthly
figures. For instance, if you spend $125 a week on groceries and
dining out, make sure you put $500 in that category, assuming a
4-week month. Also, if you have expenses such as taxes or insurance
that you pay quarterly or yearly, dont forget to divide them by the
number of months in the quarter or year, and then include them as
well as monthly expenses, so you dont come up short when those
bills come due.
Note that if any of your expenses are taken out of your paycheck
before you receive it, dont deduct them. Were trying to determine
your monthly Total Disposable Income, or whats left of your
paycheck after you pay all of lifes little essentials.
When the Chart is filled out, youll be able to subtract your
combined monthly expenses from your monthly income and be left with
your Total Disposable Income.
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Betting a Safe and Secure Bankroll Whether youve just outlined
your personal budget for the first time or knew all along where all
your dollars and cents were going each month, youre now able to set
your Personal Betting Bankroll. Take a look at your monthly Total
Disposable Income, the amount left over after youve paid all the
items on your personal budget -- from the mortgage to the car
payment to the kids college fund. Now take that dollar figure and
cut it by 50%. If you have that dollar figure right now in your
dresser drawer, your savings account or your wallet, whether its
$200 or $20,000, youve established a good, safe amount for your
beginning Personal Betting Bankroll. 1 months Total Disposable
Income divided by 2 = your Personal Betting Bankroll. Whats the
remaining 50% for, you ask? The unexpected. The last thing you want
to do is risk losing the money needed to take care of lifes little
emergencies -- like car repairs and unexpected doctors bills --
because the Knicks end up losing to the Celtics. If you dont have
half a months Total Disposable Income available right now to start
betting with, divide it in half again, which should give you one
weeks pay -- after all your personal expenses -- and make this
number your Personal Betting Bankroll. That way, you can keep
reading and be ready to bet safely and responsibly after you cash
your next paycheck and pay all your bills, using just 25% of your
Total Disposable Income. Saving for a Rainy Day at the Sportsbook
Now that youve set your Personal Betting Bankroll, put it safely
aside either at home or in a bank account (if youre betting with
your local neighborhood bookie), or in 1 or more reputable online
sportsbook accounts (if youre betting on the Web). As youve
undoubtedly gathered by now, my entire approach toward helping you
make money via sports betting is to have you gamble smartly,
conservatively and according to my 12 Money-Management Programs,
which utilize proven mathematical certainties to help steadily
build your Bankroll. In keeping with this, I am going to have you
take your Personal Betting Bankroll and divide it evenly into 4
equal Betting Blocks. For example, if youre starting with a
Personal Betting Bankroll of $1,600 (based on a portion of your
Total Disposable Income), break it into 4 equal Betting Blocks of
$400 each. $1,600 Personal Betting Bankroll divided by 4 = Betting
Blocks of $400 each. Rather than risk your entire Bankroll right
off the bat, youll begin putting a calculated portion of your $400
Betting Blocks on each bet. These bets are hereafter referred to as
Series Amounts, since all my Programs provide preset Series, or a
specific number of wagers, for you to make.
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Divvying up your Personal Betting Bankroll into Betting Blocks
from which youll set your Series and Series Amounts prevents you
from ever losing everything during an unfortunate losing streak.
Knowing that you have substantial reserves in your Bankroll, and
that you must only win as few as 1 in 8 parlays and slightly better
than 1 in 4 straight bets in a Series to make a profit with my 12
Money-Management Programs, youll bet calmly, with a clear head. Of
course, just because I have selected $1,600 as a possible beginning
Bankroll and $400 as the natural Betting Blocks for this Bankroll
doesnt mean you should automatically set your Bankroll and Betting
Blocks at these amounts. Your budget may warrant a lower or higher
Bankroll and Betting Blocks, which you should set according to the
budget and monthly Total Disposable Income numbers youve determined
for your own specific financial situation. For consistency in
betting examples throughout this book, however, I always will be
using $1,600 as a Personal Betting Bankroll and $400 as Betting
Blocks. Ill also be setting your betting Series, the preset number
of wagers in any given System, and your Series Amounts, the dollar
figure youll wager, precisely so that youre guaranteed to make a
profit and protect your Bankroll by picking a reasonable amount of
winners. Dont Lose Sleep or Your Bankroll To show you why its so
important to both set a reasonable Personal Betting Bankroll and to
divide it up into 4 equal Betting Blocks, lets take a peek ahead at
Program #1, The 2-6 Straight Bet System. The 2-6 Straight Bet
System requires that you win a minimum of just 2 wagers in every 6
bets made in a Series, and pre-calculates your Series of wagers at
$11, $22, $44, $66, $88 and $132. In other words, your Series
Amounts, or the dollar figure you will be wagering or attempting to
win, will be 11-22-44-66-88-132. Dont be alarmed if this doesnt
make complete sense to you right now. It will next chapter, when I
go into full detail about how Program #1, the 2-6 System, makes you
steady profits if you win just 33% of your wagers. For the moment,
however, Im interested only in your understanding how dividing up
your Personal Betting Bankroll into Betting Blocks prevents you
from losing everything. Say, for example, you make 1 bet a day for
6 days utilizing Program #1 and have a horribly unlucky week,
losing all 6 wagers. (Remember, your goal is to win at least 2 of
every 6 bets.) By going 0-6, you lose a total of $363 -- but since
youve set your Personal Betting Bankroll at $1,600 and your Betting
Blocks at $400, youve still got more than 75% of your original
Bankroll left to win your way out of the slump. Its important to
understand that, unlike stupidly chasing your losses with huge
bets, my 12 Money-Management Programs use mathematical Formulas
based on easy-to-hit minimum winning percentages to ensure that you
steadily recoup your losses, and then some. Watch as Your Bankroll
Builds
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Rather than merely protecting your Bankroll, my 12
Money-Management Programs have been designed to build on it
steadily and consistently. Assuming you can hit 26% or more winners
on straight bets or 12% or better on 2-team parlays, youll see your
Bankroll growing in no time. Using the example of a $1,600 Personal
Betting Bankroll above, when you have won enough to roll $400 in
winnings back into your Bankroll, it will then be worth $2,000. At
that point, you will divide it into 4 equal Betting Blocks of $500
each. This way, you can start wagering a little more on your plays.
For example, The 2-6 Straight Bet System that began with a betting
Series of 11-22-44-66-88-132 increases when your Betting Blocks
move from $400 to $500 to a betting Series of 22-44-88-132-176-264,
which once again allows for substantial profits while risking
relatively little, even if you go on the occasional 0-6 losing
streak. I suggest that you take no money out of your Personal
Betting Bankroll for the first year. That way, it increases
substantially and you will be making big bets -- and big profits.
Of course, theres no reason you must raise the amount of your
Betting Blocks or cant withdraw profits from your Personal Betting
Bankroll as it grows. You can reward yourself by dipping into some
of your winnings, keeping your original Personal Betting Bankroll
amount the same. Or, whenever you feel comfortable with my
Programs, you can increase your Betting Blocks -- and your expected
profits. If you do raise your Betting Blocks to $500 each and
steadily make winning bets that double that amount, then your
Personal Betting Bankroll will now be worth $2,500, and you can
divide your 4 Betting Blocks into $625 each. At that point, youll
likely want to increase your betting series as well to
44-88-176-264-352-528. Just as you increase the amount of your
Betting Blocks when you double your money, if you happen to lose an
entire 6-bet Series, simply divide the resulting Personal Betting
Bankroll total by 4 and set up a new Betting Block amount with new
Series Amounts. For example, if you had a Betting Block of $625 and
lost 6 consecutive bets, your Personal Betting Bankroll would then
be $1,875 and youd have 4 equal Betting Blocks of about $470 each.
With that total, you would want to drop your Series back to
22-44-88-132-176-264.
-
Summing It All Up
Setting and building on your Personal Betting Bankroll is as
easy as 1-2-3-4-5:
1) Determine your Personal Betting Bankroll, making sure that it
is no more than 25% to 50% of a single months Total Disposable
Income.
2) Divide your Personal Betting Bankroll into 4 equal Betting
Blocks.
3) Bet just a portion of any Betting Block on any single wager,
using Series Amounts dictated by my 12 Money-Management Programs
and their Formulas.
4) Roll all your winnings back into your Personal Betting
Bankroll, so it builds steadily.
5) Every month or so, evaluate your Personal Betting Bankroll,
and increase your 4 Betting Blocks if you feel comfortable doing
so.
Now that youve set your initial Personal Betting Bankroll and
the dollar total of your 4 Betting Blocks, its time to become
intimately acquainted with my 12 Money-Management Programs.
Once you decide which of my 12 ways to beat your bookie you like
the most, you can start making winning wagers, and build your
Bankroll.
-
PERSONAL BUDGET (MONTHLY)
MONTHLY INCOME
Take-Home Pay (After Taxes) $
+
All Other Income (Government, Family, Investments) $
=
____________________________________________________________
A) TOTAL MONTHLY INCOME $
MONTHLY EXPENSES
Home
Total Rent(s) and/or Mortgage(s) $
+
Second Mortgage(s) $
+
Property Taxes $
+
Utility Bills (Electric, Gas, etc.) $
-
+
Home Maintenance and Repairs (Gardening, etc.) $
+
TVs and Computers (Cable, Satellite, DSL, etc.) $
+
Telephones (Home and Cellulars) $
+
Renters or Homeowners Insurance $
=
____________________________________________________________
B) MONTHLY HOME SUBTOTAL $
Health and Children
Healthcare (Insurance, Doctors Visits, Medicines, etc.) $
+
Childcare (Centers, Babysitters, Diapers, etc.) $
=
____________________________________________________________
C) MONTHLY HEALTH & CHILDREN SUBTOTAL $
Schooling
-
Tuitions (For Entire Family) $
+
School Loan(s) Payments $
=
____________________________________________________________
D) MONTHLY SCHOOLING SUBTOTAL $
Car and Other Vehicles
Vehicle Payments (All Loans and/or Leases) $
+
Insurance Payments (For All Vehicles) $
+
Fuel (Gas, Diesel, etc.) $
+
Repairs/Service (Tires, Tune-ups, Oil Changes, etc.) $
+
Public Transportation (Bus, Taxis, etc.) $
=
____________________________________________________________
E) MONTHLY VEHICLES SUBTOTAL $
-
Food
Groceries $
+
Dining Out $
=
____________________________________________________________
F) MONTHLY FOOD SUBTOTAL $
Entertainment and Incidentals
Entertainment (Movies, Nightclubs, etc.) $
+
Travel (Getaways and Vacations, etc.) $
+
Publications (Papers, Magazines, Books) $
+
Miscellaneous Spending Money $
=
____________________________________________________________
G) MONTHLY ENTERTAINMENT SUBTOTAL $
-
Financial
Deposits to Accounts (Savings, Money Market, etc.) $
+
Other Investments (Stocks, bonds, etc.) $
+
Donations (Charitable, Religious, etc.) $
+
Personal Loans (not previously listed) $
+
*Credit Card Payments (Total of all cards) $
=
____________________________________________________________
H) MONTHLY FINANCIAL SUBTOTAL $
Professional
Legal Expenses $
+
Accounting Expenses $
=
____________________________________________________________
I) TOTAL PROFESSIONAL SUBTOTAL $
-
Other
Miscellaneous Expenses (Emergency Fund, etc.) $
____________________________________________________________
J) MONTHLY MISCELLANEOUS SUBTOTAL $
DETERMINING YOUR TOTAL DISPOSABLE INCOME (MONTHLY)
Now that youve calculated all your monthly income and expenses,
its a matter of simple subtraction to determine your Total
Disposable Income. Use the subtotals from above to subtract all
your monthly expenses from your total monthly income.
A) TOTAL MONTHLY INCOME $
-
B) MONTHLY HOME SUBTOTAL $
-
C) MONTHLY HEALTH/CHILDREN SUBTOTAL $
-
D) MONTHLY SCHOOLING SUBTOTAL $
-
E) MONTHLY VEHICLES SUBTOTAL $
-
F) MONTHLY FOOD SUBTOTAL $
-
G) MONTHLY ENTERTAINMENT SUBTOTAL $
-
-
H) MONTHLY FINANCIAL SUBTOTAL $
-
I) TOTAL PROFESSIONAL SUBTOTAL $
-
J) MONTHLY MISCELLANEOUS SUBTOTAL $
=
____________________________________________________________
TOTAL DISPOSABLE INCOME (MONTHLY) $
Note that for our purposes, you are going to take no more than
25% to 50% of your personal Total Disposable Income figure above
and use it for your Personal Betting Bankroll. Read more about this
in Chapter 2.
* While I am not a certified financial advisor, I believe most
professionals in the field would urge you to pay off credit cards
as quickly as possible, not merely make the minimum monthly
payments, since interest and finance charges can accumulate,
limiting your disposable income and hurting your overall financial
health.
-
Chapter 3
Program #1
THE 2-6 STRAIGHT BET SYSTEM
Keeping the Customer Satisfied
A big part of any sportsbook managers job is making sure the
regulars and high-rollers are kept happy. This involves a good
amount of schmoozing and an even greater amount of comps --
complimentary meals, hard-to-score show tickets and plush hotel
suites.
The idea is to keep them in -- or coming back to -- your hotel
and casino, because the longer they play, the better the odds
theyre ultimately going to lose.
After working for a while at the Rio and Desert Inn sportsbooks,
I noticed that a small percentage of these regulars -- and I do
mean small, about 2% -- seemed to defy the odds and win on a
consistent basis. At first, I thought they may just be lucky.
Then it occurred to me -- they werent lucky. They were smart.
They were betting wise.
Loose Lips Sink Bookies Ships
So I made it my personal mission to find out what these players
knew that other gamblers -- and even a sportsbook manager like me
-- didnt. Zeroing in on a longtime regular at the Desert Inn named
Ed, I approached him one day with some small talk and a fistful of
comps. He remembered me from the old days at the Rio, and we spent
the afternoon reminiscing.
-
Finally, I got up the nerve and asked him: How are you doing it?
He eyed me for a moment and then smiled. Very few people who are
great at what they do can resist talking about it. And even fewer
can keep a secret.
So he grabbed a cocktail napkin and a pen and showed me one of
the simplest, most brilliant money-management strategies in the
history of gambling. An old-timer from back East had taught it to
him years before, and hed since been using it to make big money. Im
now going to show it to you.
The Set-Up Each of my 12 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 Ill provide you. For the
purposes of examples, all bets are straight bets on which you will
be laying $11 to win $10 (or multiples thereof), the standard odds
against the spread on basketball and football games, unless
otherwise noted.
The Program
The brilliant beauty of The 2-6 Straight Bet System is that you
can win just 2 of any 6 bets (for a winning percentage of .333) in
a Series and still attain a profit. Additionally, your wagers, or
Series Amounts, are predetermined, so theres no guesswork regarding
how much to lay on a particular game. In The 2-6 Straight Bet
System, you are going to make a Series of up to 6 bets, in the
pre-calculated amounts of $11, $22, $44, $66, $88 and $132. You
will bet 1 or 2 games at a time in the Series, moving up to the
next Series Amount after each bet. When you achieve your goal of
just 2 total wins, you roll your profits back into your Personal
Betting Bankroll and start over at the beginning if youd like. For
example, to begin, make 1 wager in the Series Amount of $11, or 2
wagers, 1 in the Series Amount of $11 and the other in the Series
Amount of $22. If you win both bets, your goal is attained and you
add your profits to your Bankroll. If you win just 1 wager of the
2, however, you can bet only 1 game at a time thereafter, since you
are seeking just 2 total wins anywhere in the Series of up to 6
wagers. Say, for instance, you win your first wager for $11, then
lose bets in the subsequent Series Amounts of $22, $44, $66 and
$88. Then you win your final wager in the Series, for $132,
-
reaching your goal of only 2 total wins in 6 wagers. At that
time, you can go back to the first number in the Series and start
over with another Series of up to 6 bets, or begin playing one of
my other great 12 Money-Management Programs. The Goal The simple
objective is to win any 2 bets in a Series of no more than 6
wagers. The Series 11-22-44-66-88-132. (Again, Series are
pre-calculated so that you can profit by winning the minimum set
numbers of wagers in a particular System, in this case, 2. They
also protect your Bankroll by representing about 25% of your total
available money, so if you happen to go on a losing streak and lose
your entire Series, you are down just 1 Betting Block, and still
have 75% of your Bankroll with which to wager.) The Formula For
those who find the Series Amounts in the Series 11-22-44-66-88-132
too rich or poor for your blood, there is no reason you cant raise
or lower the amounts according to your betting objectives. The
formula for setting the 6 Series Amounts in The 2-6 Straight Bet
System is a, 2a, 4a, 6a, 8a, 12a. In the Series above, a = 11 or
$11. If you find this too conservative, try a larger multiple of 11
for the value of a, say 22. If you pick 22 for the starting bet,
your Series would be calculated 22, 44, 22 x 4 = 88, 22 x 6 = 132,
22 x 8 = 176 and 22 x 12 = 264, or 22-44-88-132-176-264. On the
other hand, if the prospect of having to risk $132 to make $120
should you go 1-4 or 0-5 in your first 5 bets makes you nervous,
you can start with a $5.50 bet, or a Series of
$5.50-11-22-33-44-66,
-
which will limit the downside in the event you pick less than
50% winners or go on occasional losing streaks. For our purposes
here, however, we will stick with the original betting Series for
examples. Note that when setting your own Series Amounts, if you
add up each of the 6 numbers in the Series, they should total about
the same dollar figure of each of your 4 Betting Blocks, give or
take 10%. This is what prevents you from losing more than 25% of
your Bankroll during any given losing streak. The Rules 1) Make
only 1 or 2 bets at a time in the predetermined amounts until you
have won at least 1 bet. 2) Once you have won 1 bet, bet only 1
game at a time in the predetermined Series Amounts, until you win a
second wager. 3) When you win 2 bets in any Series of up to 6
wagers, your goal is achieved, so you roll your profits back into
your Personal Betting Bankroll and either start over with a new
Series to build your Bankroll, or begin a Series in another of my
12 Money-Management Programs. 4) If you suffer an unfortunate
losing streak of 1-5 or 0-6, start over with a new Series and begin
recouping your recent losses. The Proof Its one thing for me to
boast that this System can turn a profit for you if you can pick
just 33% winners, and its another to see it in black and white.
Below is the proof. First, lets look at example where you pick just
2 of 6 (or 33%) winners while betting traditional 11-10 odds
against the spread, say on football or basketball games. Bet $
Wagered Result $ W/L Net Profit #1 11 lose -11 -11 #2 22 lose -22
-33 #3 44 lose -44 -77 #4 66 lose -66 -143 #5 88 win +80 -63 #6 132
win +120 +57
-
Its hard to believe, but by going on a 2-4 losing streak, youve
added an astounding $57 to your Bankroll. Of course, the goal is to
achieve 2 wins as fast as possible in the Series of up to 6 wagers,
so hopefully you wont regularly reach the sixth bet. Remember, your
Series can end after 2 bets, if you win them both, at which point
you start over. In our next example, lets look at a scenario in
which you win a mediocre 14 of 30 bets (or 47%) over the course of
a month, assuming you lay 1 bet in this Series per day. (Keep in
mind that you can run several Series at once, or play early and
late games every day in a single Series and end up laying wagers on
more than 30 bets in a month if youd like.) While the bookmakers
10% juice (or commission) would cause you to lose money picking 50%
winners with straight bets of the same amount, my System allows you
to post a substantial profit. Bet $ Wagered Result $ W/L Series
Profit Net Profit #1 11 win +10 +10 +10 #2 22 lose -22 -12 -12 #3
44 win +40 +28 +28 You win 2 out of your first 3 bets, so your
Series goal is achieved. Add your winnings to your Bankroll and
start over with another $11 wager. Note that youre already ahead
$28 by posting a 2-1 record, but if you had made 3 straight bets of
$11 each, youd be up only $9. So my System has already increased
your profits by more than 300% after just 3 bets. Bet $ Wagered
Result $ W/L Series Profit Net Profit #4 11 lose -11 -11 +17 #5 22
win +20 +9 +37 #6 44 lose -44 -35 -7 #7 66 lose -66 -101 -73 #8 88
win +80 -21 +7 Even though you now go on a slight losing streak,
winning 2 bets and losing 3, you achieve your Series goal. You lose
$21 for the Series but remain up $7 overall with a combined record
of 4-4. Had you been placing $11 bets, youd be at -$4 after 8
wagers. This is a great example of how my Systems can make you
money when under normal betting circumstances youd be in the hole.
Lets continue with our hypothetical month.
-
Bet $ Wagered Result $ W/L Series Profit Net Profit #9 11 lose
-11 -11 -4 #10 22 lose -22 -33 -26 #11 44 win +40 +7 +14 #12 66 win
+66 +73 +80 Again, your Series is over when you achieve 2 wins.
Whats amazing is, even though you go just 2-2, you add $73 to your
Bankroll. So, overall, you are 6-6, but youre up $80. On the other
hand, because of the juice extracted by bookies, youd be at -$6 if
youd bet $11 on each game. So far, our Series have lasted 3, 4 or 5
wagers each. Lets see what happens when we go on minor winning and
moderate losing streaks. Bet $ Wagered Result $ W/L Series Profit
Net Profit #13 11 win +10 +10 +90 #14 22 win +20 +30 +110 By
attaining the quickest Series win possible of 2 wins with 2 bets,
you now stand $110 ahead with an 8-6 overall record. Again, by
laying $11 a game, youd have just $14 to show for your efforts. By
utilizing my Money-Management Program, your profits are 785% more
than theyd be by betting the old way. Now, lets see what happens
when you go into that moderate slide. Bet $ Wagered Result $ W/L
Series Profit Net Profit #15 11 lose -11 -11 +99 #16 22 lose -22
-33 +77 #17 44 lose -44 -77 +33 #18 66 win +60 -17 +93 #19 88 lose
-88 -105 +5 #20 132 win +120 +15 +125
-
As you can see, by increasing your bets methodically according
to the predetermined amounts, you save huge losses despite a 2-4
losing streak. Adding $15 to your Bankroll, youre now up $125 by
picking 10 winners out of 20 bets (for a winning percentage of
.500), whereas if youd kept betting $11 a game, youd be at -$10.
Lets finish out our hypothetical month with 1 mediocre and 1 losing
Series and see how the numbers add up. Bet $ Wagered Result $ W/L
Series Profit Net Profit #21 11 lose -11 -11 +114 #22 22 win +20 +9
+134 #23 44 lose -44 -35 +90 #24 66 win +60 +25 +150 By going an
average 2-2 with your picks, you manage to once again add $25 to
your Bankroll, making it $150 richer than when you began.
Meanwhile, the bettor making straight $11 bets with a 12-12 record
would stand at -$12. Now, for the final Series in our month. Bet $
Wagered Result $ W/L Series Profit Net Profit #25 11 lose -11 -11
+139 #26 22 lose -22 -33 +117 #27 44 win +40 +7 +157 #28 66 lose
-66 -59 +91 #29 88 lose -88 -147 +3 #30 132 win +120 -27 +123 Even
with a disappointing 2-4 finish, you still end up adding $123 to
your Bankroll for the month by winning a so-so 47% of your picks.
On the other hand, those plunking down the same $11 bet every day
would find their Bankrolls depleted to the tune of -$36. Using just
the first of my 12 Money-Management Programs, you have turned a $36
loss into a $123 profit. And thats by hitting less than 50%
winners. Imagine how much you can win if you have a bigger Personal
Betting Bankroll to wager with, or you follow your favorite sports
closely enough to consistently pick over 50% winners.
-
Tips 1) The 2-6 Straight Bet System turns a profit when you bet
against the spread with traditional 11-10 odds (like on football
and basketball), but it can show even more profit when used with
even-money or better bets such as moneyline wagers (or which team
will win straight up or outright, not against the spread) on
underdogs. 2) For the reasons stated in Tip #1, this System works
especially well when using the strategies detailed in Program #8,
The Baseball Underdog System. 3) If you are betting against the
moneyline and/or with odds worse than 11-10, make sure you wager
enough to win the payouts associated with your Series Amounts. In
other words, if you are betting on the Yankees -150, instead of
wagering $11 to win $10, you must wager $15 to win $10. 4) Related
to Tip #3, for any wager with odds worse than 11-10 that you lose,
you must add the additional losses, in this case $4 ($15 - $11 =
$4), to the payout of what would be your normal Series Amount, in
this case making your next Series Amount $26 ($20 + $4 = $24 payout
so the next Series Amount at 11-10 odds would be $26 to win $24),
so that a win can not only recoup your losses but post a profit. 5)
Dont forget to also add any money paid to a professional
handicapper for his picks to your Series Amounts in the same way
you add losses at worse than 11-10 odds (as explained in Tip #4).
Keep in mind that if you pay $25 for 5 picks, you must add only $5
to each Series Amount, assuming you run 5 Series that day. In other
words, divide the handicappers fee among the total number of picks
you play that day. 6) If your Bankroll allows it, try running 2 or
more Series at once, which can boost your monthly profits to $500
or more on this System alone. 7) Dont forget to keep strict track
of your 2-6 Straight Bet System bets using copies of the Chart
provided at the end of this chapter Crunching the Numbers For those
who want to delve further into The 2-6 Straight Bet System and
understand the mathematical laws that make it work, Ive listed
below literally every possible outcome of The 2-6 Straight Bet
System in which you achieve 2 wins in a Series. Next to each
possible outcome, Ive shown your net profits, including juice paid
to the bookmaker. Next to that Ive included the amount you would
have won betting the traditional way of laying the same amount on
every game. Last, theres a column reminding you how much extra
money my System has put in your pocket. Note that even when
suffering through unfortunate losing streaks, you still make so
much more -- or lose so much less -- than if youd bet the old way.
Series Your Net Profit Extra Betting Net If Making $ For
-
Record Profit $ All $11 Bets You (2-0) W-W +30 + 20 +10 (2-1)
W-L-W +28 +9 +19 L-W-W +49 +9 +39 (2-2) W-L-L-W +4 -2 +6 L-W-L-W
+25 -2 +27 L-L-W-W +67 -2 +69 (2-3) W-L-L-L-W -42 -13 -19 L-W-L-L-W
-13 -13 0 L-L-W-L-W +21 -13 +34 L-L-L-W-W +63 -13 +77 (2-4)
W-L-L-L-L-W -90 -24 -66 L-W-L-L-L-W -69 -24 -45 L-L-W-L-L-W -27 -24
-3 L-L-L-W-L-W +15 -24 +39 L-L-L-L-W-W +57 -24 +81 As you see,
there are only 15 possible winning Series outcomes of The 2-6
Straight Bet System, and 10 of them (or 67%) make you money, as
shown above. Also, in 11 of the 15 scenarios (or 73%), youre as
good or better off betting with my System than with straight $11
bets. Incredibly, of the 12 unfortunate scenarios in which you post
a 500 or losing record with 2 wins in the 2-6 System, 7 of them (or
58%) still earn you profits. In fact, all 3 scenarios in which you
achieve 2 wins and 2 losses net you a profit. Remarkably, half of
the scenarios in which you win 2 games and lose 3 still build on
your Bankroll. Even more astounding is that 2 of the 5 scenarios in
which you win 2 and lose 4 wagers earn you as much as $57 in profit
-- or as much as an $81 increase over traditional betting -- for
picking just 33% winners. Weathering the Dry Spells Into every
gamblers life comes the occasional dry spell, of course. These
dreaded losing streaks that result in a 1-5 or 0-6 Series in The
2-6 Straight Bet System can cost you. But because youve set up your
Personal Betting Bankroll and have broken that into 4 equal Betting
Blocks, you not only maximize your profits, you minimize your
risks. In the rare instance when you lose 5 of 6 wagers in a Series
-- or even go all 6 bets without a win -- you still have more than
75% of your original Bankroll in reserve to recoup your losses with
future wins.
-
Because, as all bettors know, the tide will inevitably turn back
in your favor. The examples below show the only 7 possible outcomes
out of 22 (or 32%) in which you will show significant losses to one
of your Betting Blocks. On the up side, if this occurs, there are 3
more Betting Blocks where those came from. Series Your Net Profit
Extra Betting Net If Making $ For Record Profit $ All $11 Bets You
(1-5) W-L-L-L-L-L -342 -44 -298 L-W-L-L-L-L -321 -44 -277
L-L-W-L-L-L -279 -44 -235 L-L-L-W-L-L -237 -44 -193 L-L-L-L-W-L
-195 -44 -151 L-L-L-L-L-W -111 -44 -67 (0-6) L-L-L-L-L-L -363 -66
-297 While these numbers may seem daunting, dont forget that 1-5
and 0-6 streaks make up less than 33% of the possible outcomes. And
for regular bettors who do their homework on games, 0-6 losing
streaks come along much less regularly than 1 in every 3 Series.
Also, such droughts are often followed up by winning streaks that
will wipe out these losses and, even if they dont, your Betting
Blocks held in reserve are created precisely for this reason. For
instance, one winning streak of 8-2, as shown below, can
potentially negate the losing skid of 1 win and 5 losses shown
above. Bet $ Wagered Result $ W/L Series Profit Net Profit #1 11
win +10 +10 +10 #2 22 win +20 +30 +30 Your goal of 2 wins is
achieved, so add $30 to your Bankroll. Bet $ Wagered Result $ W/L
Series Profit Net Profit #3 11 lose -11 -11 +19 #4 22 win +20 +9
+39 #5 44 win +40 +31 +79
-
With 2 wins in 3 bets, add $31 to your Bankroll for an overall
profit of $79 for going 4-1. Bet $ Wagered Result $ W/L Series
Profit Net Profit #6 11 win +10 +10 +89 #7 22 lose -22 -12 +67 # 8
44 win +40 +28 +107 Again, add $28 to your Bankroll, giving you
$107 profit for posting a 6-2 record. Bet $ Wagered Result $ W/L
Series Profit Net Profit #9 11 win +10 +10 +117 #10 22 win +20 +30
+137 By winning another $30 with 8 wins out of 10 wagers, you add
$137 to your Bankroll, which erases between about 40% to 100% of
the losses incurred by a 1-5 or 0-6 slump. The 2-5 Straight Bet
System: The 2-6 With a Twist If you are an experienced gambler who
doesnt find it unusual to win 50% of your picks consistently, The
2-5 Straight Bet System is an effective variation on my 2-6 System.
I suggest that you use this Series of 20-30-40-60-120 primarily for
even-money or better bets (such as selected totals, or over/under
wagers) and/or when betting the moneyline on underdogs, and with
your strongest daily picks. Why? Because in this new Series you
must win at least 50% of your first 4 bets to show a profit. Even
if you go 0-4, however, the fifth bet will recoup the majority of
your previous 4 losses, but not all of them. Lets give 2 quick
examples to show how picking 50% winners can work for you in this
bonus System, and how the final bet can make up for a short slump.
First, lets examine a Series in which you hit 50% winners. (Note
that we are playing even-money or better wagers, such as underdogs
on the moneyline, in this example, as suggested.) Bet $ Wagered
Result $ W/L Series Profit #1 20 lose -20 -20
-
#2 30 win +30 +10 #3 40 lose -40 -30 #4 60 win +60 +30 So with a
2-2 record, you net $30 in winnings, while if youd bet every game
at $20, even with even-money odds youd merely break even. Next,
lets see what happens when you correct an 0-4 skid with a winning
bet on the next wager. (Note that, again, we are playing even-money
wagers in this example, as encouraged.) Bet $ Wagered Result $ W/L
Series Profit #1 20 lose -20 -20 #2 30 lose -30 -50 #3 40 lose -40
-90 #4 60 lose -60 -150 #5 120 win +120 -30 While a bettor laying
the same $20 on each game would be at -$60 after a 1-5 record, you
take just a $30 hit to your Bankroll.
Summing It All Up
Without a doubt, these examples detailing The 2-6 Straight Bet
System have proven to you how essential my 12 Money-Management
Programs are to limiting losses or turning them into profits, and
to turning modest winnings into big money. Heres a quick overview
of the System: 1) Make only 1 or 2 bets at a time in the
predetermined amounts until you have won at least 1 bet. 2) Once
you have won 1 bet, bet only 1 game at a time in the predetermined
amounts, until you win a second wager. 3) When you achieve your
second win in any Series of up to 6 wagers, your goal is achieved.
4) Roll your profits back into your Personal Betting Bankroll and
either start over with a new Series to build your Bankroll, or
begin a Series in another of my 12 Money-Management Programs.
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5) Should you suffer an unfortunate losing streak of 1-5 or 0-6,
start over with a new Series and begin recouping your recent
losses. 6) If youre a bettor confident of regularly winning 50% of
your picks, you may want to try The 2-5 Straight Bet System, which
uses a slightly different Series.
7) Every month or so, evaluate your Personal Betting Bankroll,
and increase your 4 Betting Blocks if you feel comfortable doing
so.
8) Make sure you track every single bet with the handy Chart at
the end of this chapter.
If you liked the 2-6 System or its sibling, the 2-5 System, wait
until you see The 2-3 Straight Bet System in the next chapter,
which requires you to win just 2 of any 3 wagers in a Series of up
to 8 bets to substantially boost your Bankroll.
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Chapter 4
Program #2
THE 2-3 STRAIGHT BET SYSTEM
The Money-Management Mantra
Much like the key to making money in real-estate investments is
location, location, location, the key to making money in sports
gambling is discipline, discipline, discipline.
Every bettor has his favorite story of the big score he made on
a big game. For the average $100-a-game gambler, it may be the time
he won $1,500 on a Vikings game. For a dime bettor -- who plays
$1,000 a game -- it may be the time he spotted an ill-conceived
line on a Flyers game and laid just $10,000 to win $15,000.
What no gambler likes to brag about are the 10 or 25 or 50 times
he lost big money chasing that one memorable monster payday.
Bet With Your Head, Never Just Your Heart
During the NHL playoffs in 2003, a client (who shall remain
nameless) phoned to tell me hed been taking a beating and needed a
sure thing. Since he had been buying my daily Internet picks and Id
been on a good run, I asked him how this was possible. He
sheepishly confessed that he was a Colorado Avalanche fan and had
been betting them instead of going with my hockey picks.
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When the Avalanche had gone up 3-1 in their first-round series
against the Minnesota Wild in the Western Conference Quarterfinals,
my client explained to me, he put down $4,000 to win $2,000,
betting that theyd win Game 5 to close out the series. When they
lost by a score of 3-2, he upped his wager to $10,000 to win
$5,000, banking that theyd put away the Wild in Game 6. Again the
Avalanche lost 3-2, this time in a down-to-the-wire overtime
game.
Thats when he called me. As kindly as I could, I told him it was
betting habits just like his that I preach against in my 12
Money-Management Programs. I know, I know ... never again, he told
me, quickly adding, but do you have a winner?
By sheer coincidence, I did have one of my strongest picks of
the NHL playoffs going off that night: Vancouver -1.5 goals +160.
As confident as I felt about the pick, I cautioned him that
continuing to chase his losses could just put him deeper in the
hole.
That night, when my pick came in a winner as Vancouver won 4-1,
I thought my client just possibly had been saved by providence. But
you wont believe what he did. Or maybe you will.
Desperate for his favorite team to win the deciding Game 7 --
and to make back his losses -- he bet $15,000 on the Avalanche and
didnt put a dime on Vancouver. I probably dont have to tell you
that Colorado lost -- again 3-2, again in OT, and at home no less.
Theyd lost the series and my client had lost a total of 30
grand.
Now, for a multimillionaire whose wife spends 10 grand a month
on clothes, losing $30,000 isnt the end of the world. But for a
working guy like my client, it can be a devastating blow not only
financially but emotionally.
If youre going to bet with your heart like my client did, at
least do it with your head in charge of the checkbook. If he had
simply set his wagers based on the Series Amounts from his current
betting Series, his losses would have been minimal, and the
inevitable wins that followed would have negated them.
But he strayed from the simple rules of my 12 Money-Management
Programs and paid the price -- the price of a new C-series
Mercedes.
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Different Wise Guy, Similar Principle
Larry, a regular at the Desert Inn when I managed the sportsbook
at the casino, was nothing like my client, the Avalanche fan. Larry
was a nice guy from the Midwest who bet nearly every day, all year
long, but never over his head. Seeing Larrys winnings pile up, it
didnt take me long to realize that, like Ed in the previous
chapter, Larry was betting wise.
After I assured Larry that Id never banned any bettor from my
casino for winning too much or too often -- youd be surprised at
how many sportsbook managers do just that -- Larry came clean and
admitted he was using a method to stay ahead. He explained that hed
picked it up from a friend back in Chicago and was using it every
day for his personal best bets to make a nice living.
I asked Larry if hed mind sharing the strategy with me. He didnt
even hesitate. Now you can use it to beat your bookie too,
parlaying it into the type of regular income Larry still does to
this day.
The Set-Up Each of my 12 Money-Management Programs are composed
of a Series of bets that are predetermined by me or can be quickly
calculated by you using a provided Formula. For the purposes of our
examples in this chapter, all bets are straight bets on which you
will be laying $11 to win $10 (or multiples thereof), such as
against the spread on football and basketball, unless otherwise
noted.
The Program
The 2-3 Straight Bet System outdoes the 2-6 System, if thats
possible, by guaranteeing that you turn a profit if you pick 2 of 5
(or 40%) winners. In The 2-3 Straight Bet System, you are going to
make a Series of bets in the pre-calculated amounts of $11, $22,
$33, $55, $88, $143, $231 or $374 with the intent of winning 2 of
any 3 wagers along the way.
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Once again, your Series Amounts are preset, so theres no
guesswork regarding how much to lay on a particular game. The one
major difference from the 2-6 System is that youll move up and down
the string of Series Amounts depending on whether youve won or lost
your previous wager. You will bet 1 game at a time in the Series
until you have picked winners in 2 total games in any 3-wager
stretch, rolling your profits into your Personal Betting Bankroll
after achieving this goal. At that time, you can go back to the
first number in the Series and start over with another Series, or
begin playing one of my other great 12 Money-Management Programs.
The Goal The simple objective is to win 2 total bets in any 3-wager
stretch of a Series. The Series 11-22-33-55-88-143-231-374. The
Formula For those who find the betting amounts in the Series
11-22-33-55-88-143-231-374 too high or low for your betting habits
and Bankroll, you can easily raise or lower the amounts according
to your tastes. The Formula for setting the 8 Series Amounts in The
2-3 Straight Bet System is a, 2a, 3a, 5a, 8a, 13a, 21a, 34a. In the
Series above, a = 11 or $11. If you find this too conservative, try
a larger multiple of 11 for the value of a, for example 22. If you
pick 22 for the starting bet, your Series would be calculated as
22, 2 x 22 = 44, 3 x 22 = 66, 5 x 22 = 110, 8 x 22 = 176, 13 x 22 =
286, 21 x 22 = 462, 34 x 22 = 748, or 22-44-66-110-176-286-462-748.
On the other hand, if the prospect of having to risk $374 to make
$340 should you go 1-6 or 0-7 in your first 7 bets makes you
cringe, you can start with a $5.50 bet, or a Series of
$5.50-11-16.50-27.50-44-71.50-115.50-187.
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For our purposes here, however, we will stick with the original
Series Amounts for examples. Again, as a guide to setting your
Series Amounts, you can add up the 8 wager amounts in your Series
and make sure they dont substantially exceed the dollar figure of
each of your 4 Betting Blocks. Dont become alarmed if this Series
seems to take up the better part of 2 Betting Blocks, since because
you move up and down the Series it is unlikely youll regularly
reach the highest amounts in the Series. Still, the total of all 8
Series Amounts probably shouldnt ever near or exceed 50% of your
Bankroll, just to ensure you have an adequate betting reserve
should a bad losing streak come along. The Rules 1) To start, make
1 wager in the predetermined amount of $11, to use our example
Series figure. 2) Regardless of whether you win the first wager,
move up 1 amount in the Series and make your second bet, for $22 in
this case. (Note that you can start by making 2 wagers, 1 for $11
and the other for $22.) 3) If you win your first 2 bets, your goal
of winning 2 total bets among any 3 wagers is achieved, and you may
start over with a new Series, or begin another Series in a
different Program. 4) After you make your second bet, for $22 in
our example, you will move up 1 Series Amount following each loss
and down 1 Series Amount following each win. So if you lose your
second bet, your third will be for $33. If you win your second bet,
your third will be for $11. 5) Keep moving up 1 Series Amount after
each loss and down 1 Series Amount after each win, until you win 2
total bets out of any 3 wagers. Once that goal is reached, you may
start over with a new Series, or begin another Series in a
different Program.
6) Every month or so, evaluate your Personal Betting Bankroll,
and increase your 4 Betting Blocks if you feel comfortable doing
so.
7) Make sure you track every single bet with the handy Chart at
the end of this chapter.
The Proof By putting The 2-3 Straight Bet System to the test,
youll quickly be convinced of its power to increase your betting
income, since it guarantees you a profit if you can hit 40% or
better winners. But dont just take my word for it. Below is the
evidence.
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First, lets look at an example where you pick just 2 of 5 (or
40%) winners. Bet $ Wagered Result $ W/L Series Profit #1 11 lose
-11 -11 #2 22 lose -22 -33 #3 33 win +30 -3 #4 22 lose -22 -25 #5
33 win +30 +5 Normally, a 2-3 losing streak can leave you down in
the dumps -- not to mention down more than a few bucks. But the 2-3
System puts you in the money by picking just 40% winners. Since you
achieve your goal of winning 2 bets in a span of 3 wagers, your
Series is over and you add $5 to your Bankroll. Someone betting $11
every game, meanwhile, would be -$13. To further prove the point,
lets assume that it takes you 10 bets to hit 2 of 3 winners. Lets
also assume that, once again, you hit just 40% winners, or 4 of 10
picks. Bet $ Wagered Result $ W/L Series Profit #1 11 win +10 +10
#2 22 lose -22 -12 #3 33 lose -33 -45 #4 55 lose -55 -100 #5 88 win
+80 -20 #6 55 lose -55 -75 #7 88 lose -88 -163 #8 143 win +130 -33
#9 88 lose -88 -121 #10 143 win +130 +9 Amazing. While betting
straight $11 bets would make you -$26 after going 4-6, youre up $9.
Now, youre not going to get rich by picking 40% winners, but isnt
it great to know you actually
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make a little money with such a mediocre track record, even
after paying the bookie his vig (or commission)? In our next
example, lets look at a months worth of bets in which you win 15 of
30 (or 50%) of your bets. Bet $ Wagered Result $ W/L Series Profit
Net Profit #1 11 win +10 +10 +10 #2 22 lose -22 -12 -12 #3 33 lose
-33 -45 -45 #4 55 win +50 +5 +5 #5 33 lose -33 -28 -28 #6 55 win
+50 +22 +22 Since you win 2 bets in a 3-wager stretch, your Series
is over. Add $22 to your Bankroll after a so-so 3-3 start, and
begin another Series. Note that youre $25 richer than a bettor who
laid $11 on every wager rather than set his wager amounts in
response to previous outcomes and would now be -$3. Bet $ Wagered
Result $ W/L Series Profit Net Profit # 7 11 lose -11 -11 +11 # 8
22 lose -22 -33 -11 # 9 33 win +30 -31 +19 # 10 22 win +20 +17 +39
By going just 2-2 in your next 4 bets, you finished another Series
and can add $17 to your Bankroll, giving you $39 for picking 5
winners out of 10 wagers. A bettor putting $11 on every game, on
the other hand, would now be -$5, thanks to the juice extracted by
bookies. Bet $ Wagered Result $ W/L Series Profit Net Profit #11 11
win +10 +10 +49 #12 22 lose -22 -12 +27 #13 33 lose -33 -45 -6
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#14 55 lose -55 -100 -61 #15 88 win +80 -20 +19 #16 55 lose -55
-75 -36 #17 88 lose -88 -163 -124 #18 143 win +130 -33 +6 #19 88
lose -88 -121 -82 #20 143 lose -143 -264 -225 #21 231 win +210 -54
-15 #22 143 win +130 +76 +115 Again, you see the power of the 2-3
System as you go 5-7 yet add a remarkable $76 to your bankroll to
give you $115. At the same time, the traditional bettor laying $11
per game loses another $27 to drop to -$32. Bet $ Wagered Result $
W/L Series Profit Net Profit #23 11 win +10 +10 +125 #24 22 lose
-22 -12 +103 #25 33 win +30 +18 +133 With a quick 2-1 streak, you
boost your Bankroll by $18 to $133, while your counterpart, betting
the old way, adds $9 and still hasnt broken even, at -$23. Bet $
Wagered Result $ W/L Series Profit Net Profit #26 11 win +10 +10
+143 #27 22 lose -22 -12 +121 #28 33 lose -33 -45 +88 #29 55 win
+50 +5 +138 #30 33 win +30 +35 +168 By ending 3-2 and adding $35 to
your Bankroll, you finish the month up $168 despite picking just
50% winners. On the other hand, the player who bets $11 per game
ends the month -$15.
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So, remarkably, youve turned a $15 loss into a $186 profit by
staying disciplined and betting according to The 2-3 Straight Bet
System. Tips 1) If you wish, you may open your first Series in the
2-3 System with 2 bets at once, of $11 and $22, since the goal is
to achieve 2 total wins. After this, however, you must bet 1 game
at a time, since you must move up or down the Series according to
whether you win or lose the previous wager. 2) If you suffer an
unfortunate losing streak of 0-7, it is impossible for you to reach
your goal of 2 total wins, so do not feel obligated to make the
eighth wager. You may at this point cut your losses and start over
on a new Series, or pick another of my 12 Money-Management Programs
to win with. 3) The 2-3 Straight Bet System works ideally with your
personal best bets of the day. 4) If you are betting against the
moneyline and/or with odds worse than 11-10, make sure you wager
enough to win the payouts associated with your Series Amounts. In
other words, if you are betting on the Yankees -150, instead of
wagering $11 to win $10, you must wager $15 to win $10. 5) Related
to Tip #4, for any wager with odds worse than 11-10 that you lose,
you must add the additional losses, in this case $4 ($15 - $11 =
$4), to the payout of what would be your next normal Series Amount,
in this case making your next Series amount $26 ($20 + $4 = $24
payout so the next Series amount at 11-10 odds would be $26 to win
$24), so that a win can not only recoup your losses but post a
profit. 6) Dont forget to also add any money paid to a professional
handicapper for his picks to your Series Amounts in the same way
you add losses at worse than 11-10 odds (as explained in Tip #4).
Keep in mind that if you pay $25 for 5 picks, you must add only $5
to each Series Amount, assuming you run 5 Series that day. In other
words, divide the handicappers fee among the total number of picks
you play that day. 7) If your Bankroll allows it, try running 2 or
more Series at once, which can boost your monthly profits to $500
or more on this System alone. 8) Dont forget to keep strict track
of your 2-3 Straight Bet System bets using copies of the Chart
provided at the end of this chapter Crunching the Numbers Because
the 2-3 System involves moving up and down the Series, it has
dozens of possible outcomes -- too numerous to list all of them
here. As youve seen in the examples above, however, youre
guaranteed to turn a small profit while hitting just 40% winners
and can make a tidy sum while picking 50% winners. Even the best of
bettors have bad streaks, however, so lets take a look at some of
the other possible scenarios.
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Unlike with the 2-6 System, which can go a maximum of 6 bets
with its Series, the 2-3 System can continue for up to 22 bets as
you move up and down the Series. For curiositys sake, lets take a
look at the longest possible outcome, in which you finish with
either an 8-14 or 7-15 record. Bet $ Wagered Result $ W/L Series
Profit #1 11 lose -11 -11 #2 22 win +20 +9 #3 11 lose -11 -2 #4 22
lose -22 -24 #5 33 win +30 +6 #6 22 lose -22 -16 #7 33 lose -33 -49
#8 55 win +50 +1 #9 33 lose -33 -32 #10 55 lose -55 -87 #11 88 win
+80 -7 #12 55 lose -55 -62 #13 88 lose -88 -150 #14 143 win +130
-20 #15 88 lose -88 -108 #16 143 lose -143 -251 #17 231 win +210
-41 #18 143 lose -143 -184 #19 231 lose -231 -415 #20 374 win +340
-75 #21 231 lose -231 -306 #22 374 win +340 +34
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As you can see, the 2-3 System protects you against big losses,
even when you go a sub par 8 wins and 14 losses (or 36%). Yes, it
is possible to make a profit hitting fewer than 40% winners with
this System, but its not guaranteed. Betting straight $11 bets with
the above record of 8-14, meanwhile, would leave your Bankroll at
-$74. Crunching the Numbers (Even Further) Falling below the 36%
mark with the 2-3 System can hit your Personal Betting Bankroll
hard, though thanks to the mathematical certainties behind the
System, the blow wont be fatal. For example, if you lose rather
than win Bet #22 in the example above, your Bankroll stands at
-$680 after 7 wins and 15 losses (or a winning percentage of 32%).
The good news is that even after such an extended losing streak,
your Personal Betting Bankroll is still nearly 60% intact. Despite
using The 2-3 Straight Bet System to play your best bets, what
happens if you hit a brick wall and not merely a bad skid? Lets
work at the worst-case scenario. If you start off the Series with 0
wins and 7 losses, your Bankroll stands at -$583, which represents
just about a one-third hit to your reserves. At this point, you
have a decision to make. Lets assume you elect to forge ahead. If
you lose the ninth bet, for $374, youd be -$957, or down more than
half your Bankroll. Keep in mind that of the dozens and dozens of
possibilities, this is the single, absolute worst scenario. On the
flip side, after an 0-7 start lets say you instead win that eighth
bet and cut your losses to -$243. At this point, you can elect to
play out the Series, hoping for a win with either of your 2 final
bets, limiting your total losses to either -$33 or -$134. Bet $
Wagered Result $ W/L Series Profit # 9 231 win +210 -33 or Bet $
Wagered Result $ W/L Series Profit #9 231 loss -231 -474 #10 374
win +340 -134 Of course, in the latter scenario above, if you lose
Bet #10, you are -$848 with a 1-9 record. Even down this much,
luckily you still have more than $700 in reserves in your Personal
Betting Bankroll. Thats what its there for -- bad stretches like
these. Please note that Im including these disappointing scenarios
in the interest of full disclosure. Even though I can guarantee
youll profit by hitting 40% winners with this System, it isnt going
to turn long-term bad calls into cash. No Program can. But if you
do your homework and your teams win 4 out of 10 times over the
short run, youll be smiling all the way to the bank.
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Summing It All Up
The simple goal of The 2-3 Straight Bet System, which guarantees
a profit if you can pick at least 40% winners, is to win 2 of any 3
wagers in a Series. Heres a quick overview of the System, which I
recommend you use to play your best bets every day: 1) To start,
make 1 wager in the predetermined amount of $11, to use our example
Series figure. 2) Regardless of whether you win the first wager,
move up 1 amount in the Series and make your second bet, for $22 in
this case. (Note that you can start by making 2 wagers, 1 for $11
and the other for $22.) 3) If you win your first 2 bets, your goal
of winning 2 total bets among any 3 wagers is achieved, and you may
start over with a new Series, or begin another Series in a
different Program. 4) After you make your second bet, for $22 in
our example, you will move up 1 Series Amount following each loss
and down 1 Series Amount following each win. So if you lose your
second bet, your third will be for $33. If you win your second bet,
your third will be for $11. 5) Keep moving up 1 Series Amount after
each loss and down 1 Series Amount after each win, until you win 2
total bets out of any 3 wagers. Once that goal is reached, you may
start over with a new Series, or begin another Series in a
different Program.
6) Every month or so, evaluate your Personal Betting Bankroll,
and increase your 4 Betting Blocks if you feel comfortable doing
so.
7) Make sure you track every single bet with the handy Chart at
the end of this chapter.
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Chapter 5
Program #3
THE 4-LEVEL ACCUMULATION SYSTEM
The Long Road With No Turning
Smart gamblers -- Im including you in this exclusive group since
I presume youve already made the commitment to use one or more of
my 12 Money-Management Programs -- dont bet for the rush of instant
gratification that comes with any single victory.
In fact, to win consistently you must be in it for the long
haul, taking just as much gratification and pride in limiting your
occasional losses as in building steady profits.
For every Jennifer Lopez who plunks down $400,000 on a Super
Bowl underdog and hits pay dirt, like the actress-singer reportedly
did in Las Vegas before the 2003 NFL championship game between the
favored Oakland Raiders and the undervalued Tampa Bay Buccaneers,
there are millions of bettors who make the periodic bet on a big
game and come up empty-handed.
Of course, you never hear about those losers. Unless you work at
a casino sportsbook, like I did for 10 years. Then you know just
how few winners there are out there.
The Daily Grind Can Be Fun (and Profitable)
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Most winning gamblers -- and by that I mean those such as you,
who are employing money-management techniques -- are like
pro-football fullbacks. They keep pounding away, day after day,
week after week, game after game.
If they suffer a loss or two, its not the end of the world. They
pick themselves up, dust themselves off, put the momentary setback
out of their minds, and come back with another attempt.
At the end of the year, much like a fullback who quietly gains
3.2 yards per carry en route to a 1,000-yard season,
money-management gamblers look up and realize theyve substantially
increased their Personal Betting Bankrolls. Theyve worked hard and
its paid off. Theyre winners.
Leveling With You: Winning Can Take Time
While my first 2 Programs are about achieving and repeating
short-term betting goals -- such as winning 2 bets in a Series of 6
wagers, or picking 2 winners among any 3 bets -- Program #3 is
truly meant for the long haul.
Instead of potentially lasting a single day or week, The 4-Level
Accumulation System can help you grind out profits for months or
even years with just 1 Series.
I discovered this System like I did almost all of my Programs,
by taking note of a gambler at my sportsbook who was making
consistent money over the long term.
Tommy came in to the Desert Inn every day and hung out with the
other regulars. He never bet a lot of money -- you could tell he
was comfortable yet no millionaire -- but he cheered on his teams
like he had a million bucks riding on them. For Tommy, the $50 he
plunked down on the Jets was a lot to risk. But he never seemed to
take it personally when he lost, like a lot of gamblers do. One day
I asked him why.
He told me that for him gambling was his hobby, and the
sportsbook was his club. He came for the camaraderie as much as for
the betting. And as a retired guy on a fixed income, he
literally
-
couldnt afford to lose. So he wagered conservatively, using a
technique hed learned from an old-time gambler.
When I left the Desert Inn, Tommy had been using The 4-Level
Accumulation System for more than 16 months without losing his
current Series.
Im now going to share it with you, and if youre smart youll use
it to churn out regular revenue for the rest of your life.
The Set-Up Each of my 12 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 Ill provide you. For the
purposes of the examples in this chapter, all bets are straight
bets on which we will be laying $11 to win $10 (or multiples
thereof), such as against the spread on basketball and football,
unless otherwise noted.
The Program
The 4-Level Accumulation System is substantially different from
my first couple of Programs, in that youll be betting the same
dollar figure for long stretches at a time on each of 4 Levels. For
that reason, its perfect for both everyday gamblers who like to bet
on more than a single game at a time, or for weekend bettors who
want to be virtually guaranteed they can make it through an entire
football, basketball, baseball or hockey season without depleting
their entire Bankrolls. In The 4-Level Accumulation System, you
make a Series of at least 22 bets (but hopefully dozens and dozens
more) on 4 Levels in the pre-calculated amounts of $11, $22, $44 or
$66, moving gradually from 1 Level to the next and back again
according to your accumulated Bankroll at any given time. You start
on Level 1 by betting $11 on every play, rolling all your winnings
back into your Bankroll, and move up to the Level 2 amount of $22
per wager only when you lose a predetermined number of units or
dollars (in this case, 7 units or $77). From now on, well refer to
these preset units and dollars that alert you to move up a Level as
Trigger Numbers. When your Series of $22 wagers wins you enough to
erase your losses and show a 20% profit (about $100 total), you
return to making $11 bets on Level 1 because you achieved your
Recoup Numbers. However, should you lose another $132 or 12 units
(your Trigger Numbers)
-
on Level 2, you move up to Level 3 and raise your bets to $44,
trying to erase your Level 2 losses and add 20% profit by winning
$160 or 15 units (your Recoup Numbers). Only if you lose yet
another $220 or 20 units (your Trigger Numbers) on Level 3 do you
proceed to Level 4 and up your bets to $66 each. On Level 4, your
goal is to erase your Level 3 losses plus add 20% profit by winning
$264 or 24 units (your Recoup Numbers). Losing $264 or 26 units
(your Trigger Numbers) ends your Series Note that once you raise
your wager amounts, whether from Level 1 to 2, Level 2 to 3, or
Level 3 to 4, youre trying to win back only your losses from the 1
previous Level, plus a profit of about 20%. At that point, you move
back down to the previous Level and continue betting. Because your
Series Amounts are preset on each Level, theres no agonizing over
how much to lay on any single game. And theres likewise no mystery
regarding when to raise your bets to the next highest Level, or
when to lower them back again, because of the pre-calculated
Trigger Numbers and Recoup Numbers. The Series doesnt end until
youve lost all 4 Levels -- or a total of $693 or 63 units -- the
chances of which are very slim. How slim? Well, youd have to pick 0
winners and 22 losers right off the bat to lose less than half your
Bankroll. And by picking just 5 winners and 12 losers (or 29%), as
shown in the example below, youll lose only 7 units, and still not
have made your first bet on Level 2. The Goal The simple objective
is to amass steady profits over a long period by gradually raising
and lowering wager amounts according to 4 preset Levels. When
losses build up, you strategically raise your bet amounts in order
to erase them plus post a 20% profit, then return to your previous
wager amounts. The 4 Levels 11-11-11-11-11-11-11 22-22-22-22-22-22
44-44-44-44-44 66-66-66-66. The Trigger and Recoup Numbers
Remember, you bet the same amount on every wager