Lost $189....Day Four of the One Million Dollars in 1,000 Days Challenge! 4/21/2007

10 Dimes = 2% of the bankroll
Todays beginning bankroll = $6,933.12
10 Dimes = $137

Morning Bets:
25 Dimes on the Utah Jazz +6 over the Rockets - Bet $343, Lost $343
10 Dimes on the Chicago Bulls -4.5 over the Heat - Bet $137, Won $124.55 by the hook
5 Dimes on the Giants -150 (Zito, Gonzalez Listed) over the Diamondbacks - Bet $69, Won $46
5 Dimes on the Mariners +140 (Ramirez, Colon Listed) over the Angels - Bet $69, Lost $69

Late Bets:
20 Dimes on the Dodgers -145 (Penny listed) over the Pirates - Bet $274, Won $188.95
10 Dimes on the Toronto Raptors -4.5 over the Nets - Bet $137, Lost $137

Spotlight on the Handicappers:
Morning Bets were from Michael Cannon and the Late Bets were Gold Key Releases

Notes on Money Management: Today we have $1,029 dollars at risk, or around 15% of the total bankroll. We expect to have a bad day here and there, and will draw down our bankroll from time to time and we are ready for that. Using the dime money management system, our bets go up when we win and go down when we lose. Thats the opposite of the gambler's ruin problem where the gambler starts pocketing chips when he loses (instead of upping his bets on a streak) or doubling his bets when he is losing to try to get even. We never parlay as the odds are greater for the casino on parlays.

Notes on Handicapping the Handicappers: Its tougher than you think. If you look at the service plays released by the sports handicappers out there, you will see some on one side of the game and some on the other. How do you know what side to take? We have identified the top long-term handicappers in the country, and we have no problem paying for their services. We will stick with them, even when they are losing, hoping with the right money management we will come out ahead.

Whats the Million Dollar Challenge? - Using selected top ranked handicappers, advance remote viewing techniques (we are joking) and the dime money management system (10 dimes = 2% of the bankroll) we are trying to run our starting bankroll as of the morning of April 18, 2007 of $6,606 up to over one million dollars in 1,000 days. These will not be consecutive days, as we will be taking some days off. Our first day was a healthy loss of $477, but we have since made up for it and are now at $6,933, which means we are up 4.95% after three days. That is an annualized rate of return of over 600%.
Based on an annualized rate of return of 600%, after one year you would have about $40,000 (based on the starting bankroll of $6,606), the second year it would be $240,000 and at the end of the third year you would have about $1,440,000. Since 1,000 days works out to about 2.7 years we seem to be on track. This is all wishful thinking of course, as we are only on our fourth day today, and there would be all kinds of problems making the big bets at the end. But its fun to dream, set goals and try to get the brass ring. We hope to see you with us in the winner's circle!

Good Luck!

Dollar Gain or Loss on the Day = Lost $189.50
Ending Balance = $6,743.62
10 Dimes = $135