The Utah Utes -4 Over the BYU Cougars Covers 94-88 as the Tuesday Play of the Day - Money Management Lessons From Bobby Clarke Sports

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.

0-2 Day -UConn -4.5 on the Road against Providence is Our Thursday Play of the Day - Added Play on Boise State Going For the WAC Title Over Utah State

Take the UConn Huskies -4.5 visiting the Providence Friars as our play of the day, 4:00 pm pacific starting time.

See what the Wagerline.com experts think on this game.

Check out the trends for this match up.

Streak broken: 2-Minute Warning broke their streak last night. They are now 9-1 the last 10 games, today releasing Boise State.

Free Service Plays here: Never pay for a pick! Most of the paid services are worse than we are. Good Luck!

Added Game: The added game saved us last night as we went 1-1. Our added game today is at 6:00 pm pacific with the Boise State Broncos -5.5 at home over the Utah State Aggies. If Boise State wins the game tonight they get the WAC title. What the experts think. Trends on this game.

Results: We went 0-2 tonight. Check out the money management article below. Following it will keep you in the game.

------------------

MONEY MANAGEMENT, from Steve Turner Sports (thanks Armani)

If you follow these guidelines you will earn more money then you’ve ever won in sports wagering.

Only 2 to 3% of people who wager on sports are long term winners. For the most part it’s not because the losers are bad handicappers, or using poor handicapping sources. IT’S BECAUSE THEY HAVE NO CONCEPT OF WHAT A BANKROLL IS, ANY RESPECT FOR IT, OR HOW TO USE IT.

If you are interested in maximizing your earnings and minimizing your losses using a disciplined, unemotional system, then read on…if not, do everyone a favor, especially yourself, and find yourself a hobby other than sports investing.

There are three factors to successful sports investing:

1. Handicapping the games proficiently.

2. “Shopping lines” to get the best value.

3. Employing a disciplined money management program.

You can do above-average with the first two but fail (financially) if you do not manage your money correctly. But you will never do poor, financially if you successfully manage your bankroll.

One of the most difficult things to do is follow instructions. If you are able to achieve the PATIENCE and DISCIPLINE to follow these rules you will become more financially successful than you have in the past. If you aren’t willing to follow instructions or lack patience, read no further. For those of you who have the discipline, prepare to be more successfully wagering than ever before.

STEP 1 – DEFINE YOUR BANKROLL. This is a sum which, if you were to lose the entire amount, would not alter your current chosen lifestyle. Use a separate bankroll for each sport (for example, College and Pro Football use separate bankrolls). Don’t be embarrassed if this amount is small. With proper discipline and money management it will grow large!

STEP 2 – (A) WAGER A CONSTANT PRE-DETERMINED PERCENTAGE OF YOUR BANKROLL

IN EACH GAME. For example: 3* - 3%, 5* - 5%.

(B) NEVER WAGER MORE THAN 5 GAMES PER BETTING PERIOD. This insures that never more than 25% of your bankroll is exposed at a given time.

STEP 3 – CONTINUE TO WAGER A PERCENTAGE OF YOUR ORIGINAL BANKROLL PER PLAY UNTIL YOUR CURRENT BANKROLL EITHER INCREASES 50% OR DECREASES 50%.

STEP 4 – If your bankroll decreases 50%, reduce your wager 50% until your bankroll returns to its original level. THIS IS IMPORTANT because it keeps you from “chasing” during a cold streak. “Chasing” is the most common mistake of the average player and the surest way to “tap out”. By reducing your wager 50% it guarantees you to stay in action until you have either regained your momentum or lost 30 units (zero bankroll) in which case you definitely need a new handicapper or avocation. The only sure thing to send you to the poor house sooner is playing parlays or teasers. They are a "Bookies Dream". You deserve to lose every cent you bet if you play them. “Square”, “Sucker”, and “Loser” are too kind to describe your mentality if you play parlays or teasers.

STEP 5 – ON THE POSITIVE SIDE. Let’s assume that good handicapping skills have ballooned your bankroll by 50%. Step to the next window and increase your wager by 50%. (For example, if you had been wagering $100/game, increase your wager to $150/game). Should your winning ways continue and your original bankroll doubles, you would then wager twice your original amount (now $200 in our example). Continue to increase your wager 50% with every 50% increase in your bankroll,

STEP 6 – TAKING PROFITS AFTER LOSING STREAKS! This thinking is taken directly from the Triple-Stack Method. Anytime you have more than doubled your original bankroll, then lose back 1/3 of your bankroll, take profits and return to your original bankroll. (Example: Your original $1000 bankroll has grown to $2400. But a losing streak reduces it to $1600. The $800 difference from your high point represents a loss of 1/3 of your bankroll. But the $1600 in your bankroll still represents $600 of profit. Take that $600 profit and return to your original bankroll of $1000). You’ve cut short a losing streak and taken profits.

STEP 7 – TAKING PROFITS AFTER WINNING STREAKS. During the course of the season we all are subject to winning streaks which are mostly the result of a number of close pointspread wins. It’s at these times that we feel like we’ll never have another losing day! WRONG! So, I’ve devised a method to lock in profits from these great times. It’s based on years of tracking winning streaks by length of streak and percentage of streak. The rules are as follows:

Rule #1 – TAKE PROFITS from a current winning streak any time you have won 80% or more of your most recent 20 plays (16-4 or better). You are “unconscious” if you’ve done this. Take the profit and return to your bankroll level before the 20th game hot streak began.

Rule #2 – In a similar way, TAKE PROFITS any time you have won 75% or more of your most recent 30 plays (23-7 or better). You are only “semi-conscious” if yo’ve done this. Again, take the profits and return to your bankroll level before the 30 game streak began.
By having the discipline to follow these directions you’ll find yourself increasing your wealth in winning seasons and saving losses in tough times. WHAT YOU SAVE IS WHAT YOU EARN!