This post will hopefully assist readers in understanding our philosophy.
Firstly, it's actually not just a philosophy; it's a blueprint, or a road map, or a business plan to generating a sustainable positive return on invested money. The key here is that we ourselves are investors and part of what we do is provide investment advice to our subscribers. As such, we operate on the assumption that each and every one of our subscribers, however few or many there may be on any given day, are like-minded individuals who view sports wagering as a legitimate investment vehicle capable of yielding above-average returns over longer periods of time. That being said, we're not delusional either. Obviously, we welcome anyone's decision to subscribe to the Pick of the Day irrespective of their individual motivations. It's just that as a subscriber, you have to ask yourself the hard questions. Why am I doing this? And we all know what our reasons are and, generally speaking, there is absolutely nothing wrong with any of your answers. But, as a subscriber, you have to be mindful of the fact that your motivation and/or your goals may differ from our own. In such instances, perhaps it is best to take a step back and decide that for whatever reasons our service is not suited for your personal objectives at this time.
Secondly, we gauge our success based upon our month over month net return on investment. On the assumption that the typical calendar month has at least 30 days, we view every month where we record at least 20 wins to be a major success. 18 wins per month is the equivalent to playing 0.600 baseball. I don't know how many teams will play 0.600 baseball over 162 games this year, but I do know that every team that does will make the playoffs. That's because 0.600 is a benchmark for long term success and durability. In other words, it's not a fluke. Simply put, if we deliver our subscribers 20 wins in a month, we are also delivering them a significant positive return on their invested money.
Thirdly, while this may sound trite, we only invest money that we can afford to lose. While we obviously don't want to lose, should the improbable happen and we lost 100% of our bankroll, we could just walk away and never look back. For that reason, we will never invest, and we would never advise any subscriber to invest, more than 3% of your bankroll on any single wager and never more than 5% of your bankroll on your total number of wagers for any single day. Why? Because no matter what, you need to live to fight another day. If you lose your bankroll, you're out of the game. That's our money management philosophy in a nutshell.
Fourthly, what about risk management? Despite what you might want to believe, all bets are not created equal. Even are own Pick of the Day will obviously vary in quality and likelihood of success depending on numerous factors, not the least of which is the variable number of games that are available to wager upon on any given day. So how do you best apportion risk? There are literally as many systems as there are investors and gamblers (we hate that word) in the world. The short answer is that if you have your own system and it has worked over an extended period of time, stick with it, but be open-minded about tweaking it if you think that you can improve upon your overall results. We employ a series system for our wagers, which wagers include the Pick of the Day as well as other daily wagers.
We hesitate to put this out there because everyone's financial situation and perspective on wagering is unique and as such our approach may not (won't) be suitable for everyone. But because you have to allocate risk one way or another to each of your wagers, we ourselves have utilized the following system which to date has performed very well in even the most challenging of months:
We utilize an ABCD series of wagers. All bets are A bets and represent exactly 1% of our bankroll until we lose. So we can have many A bets in a row: A1, A2, etc. As soon as our A bet is a loser, we immediately move on to our B bet which represents exactly 1.5% of our bankroll. There can only be 1 B bet because if we win we return to placing A bets but if we lose we move on to our C bet. Our C bet represents exactly 2% of our bankroll and can only ever be placed after a losing B bet. Again, there can only be 1 C bet per series of bets because we either win and return to placing A bets or we lose and move on to our final bet in any series of bets, the D bet. The D bet represents exactly 2.5% of our bankroll and this bet can also only ever be placed once. After placing a D bet, win or lose we always end the betting series and beginning an new series by placing our A bet. We have found this system to be CONSERVATIVE, sustainable and generally impervious to the various streaks, good and bad, that occur over an entire month of wagering. The system is not without its flaws but we utilize it as purely OBJECTIVE tool for allocating risk. Lastly, there are countless similar Martingale style systems for apportioning risk that are open-ended that can only lead you down the path to nowhere and we caution anyone from falling into such a trap. Bottom line is borrow someone else's system, create your own, but make sure it works, utilize it and never deviate from it no matter what.
And that is our philosophy for what little it might be worth.
Shameless plug: email us at
abitbetter247@gmail.com to subscribe to the Pick of the Day. Your payment of 0.005 BTC gets you our Pick of the Day and all of the assistance you might or might not want with respect to managing your personal sports wagering business.
Good luck to all!
