Take the Utah Utes -4 at home over the BYU Cougars as the Tuesday play of the day, 4:00 PM Pacific. Good luck! dshadowknight has now lost two in a row in the NBA, his record is now 17-6. His streak may be ending.
This Is One Tough Way to Make Money Department: We just went to Bobby Clarke Sports today and went to his "day by day results" page which shows his whole record from May 14, 2008 to January 26, 2009. We know Bobby (he is a loyal reader of this blog) and he is a good handicapper and kudos to him for posting his complete record, game by game. More handicappers need to do this. Starting with zero he ran his bankroll up to $15,210 on December 25, 2008. Thats a great Christmas present for his subscribers who pay $150 a month. But the profits have disappeared since then. Since December 25, 2008, Bobby has given all his profits back and now shows a loss of $1,950 (thru January 26) since he started last May. Per his sports monitor, John Werner at Parlay Help, Bobby lost $11,470 in the week of January 12-18, 2009. If you paid Bobby the $150 a month since he appeared on the net and followed his plays as he gave them out, you would be out of pocket over three grand now. If you got his service on Christmas day as a present and started betting the next day, betting exactly as he told you to, your losses are over $17,000 after 32 days.
Lessons we can learn from Bobby:
- Using a dollar amount instead of a percentage of your bankroll can lead to unlimited losses. Since an individual cannot print money (or should not print money) a better way to do it is establish a set bankroll and bet a percentage of that bankroll. You can only lose your starting bankroll that way and know the extent of your possible losses if everything goes wrong. You can bet say 1 to 5 percent of your bankroll on any one game, and limit your total daily loss to say ten percent of your bankroll. You can have some very bad days in sports betting.
- If your handicapper goes on a run, and Bobby had a great run (congratulations to him going from zero to $15,210 profits from May 14 to Dec 25 last year) and you double your money along the way, take your original bankroll off the table along with the cost of the service. Now you are operating on the sports books money. Because as the night follows the day, a bad run follows a good run in sports betting. It happens to all of us. Its streaky.
- If your handicapper loses half your money, stop betting. Wait till the capper gets back on a run. Don't throw good money after bad. Streaks can last a very long time. Its a very common practice for handicappers to try and double up on their bets to get back in profit. Stu Feiner last year gave out six plays on the Lakers in the NBA Championship and lost every one. His bets should of been going down, but instead he doubled up on his bets losing an incredible 7,850,000 dimes.
We hope Bobby gets back in the black and we wish him and his clients the best. Bobby calls himself "The Worlds Most Honest Handicapper." Bobby is honest, but his money management is poor. But money management is the players responsibility. Following the above advice will save you some sleepless nights.
