Money Management

Money Management I know a lot of you have your take on this. Mine is in an article we just posted on the free side. Hit the "LVASports.com" link to the left to view and feel free to have at me afterward.

Money Line Odds [QUOTE=anthony;5660]I know a lot of you have your take on this. Mine is in an article we just posted on the free side. Hit the "LVASports.com" link to the left to view and feel free to have at me afterward.[/QUOTE] Can someone please tell me where I can find the correct Money Line Odds associated with each point spread line? For example, if a team is laying 6 points, what should be the correct Money Line, etc. Thanks!

I am curous on this, too. [QUOTE=MobileBandit;5664]Can someone please tell me where I can find the correct Money Line Odds associated with each point spread line? For example, if a team is laying 6 points, what should be the correct Money Line, etc. Thanks![/QUOTE] I understand not all points are created equally. I have a book with 5cents juice, to buy a half point in any sport is an additional 10 cents. The '3' in foots is an additional 10, so if a dog is +3 to get to 3.5 I must lay 25. I am curious if a) that's fair b) how I can relate that to the money lines I see for the teams. ie what's higher than normal, fair, etc. An example to use would be, I just bought GT M/L vs. VT at +140. The opposing side is -160 (m/l) So based on the -3 -105, each point being worth 20 cents (other book's scale, but still pretty standard of a scale) it would be -1, = -125, -2,= -145 and then to the 3 would be -175, so in that case the -160 is more value than the +140??? The +140 M/L was the highest of the 3 point dogs at Cris last night. Not why I bet it, I did so because I think GT gets it done, I don't need the points, (if I did I'd want 3.5 and that's the juice I am avoiding) and the fact it was higher than the other 3's was incentive to pull the trigger. I do understand that the 'take back' numbers vs. nominal make the -175 to - 160 comparison slightly more extreme. Eh, who am I fooling, I don't know, that's why I'm asking. I will restate the original question and hope for help. Is there a scale somewhere for foots, and then another for baskets? That'd be great. Possibly, it is found in SSB book by Stanford Wong. I do own that.

Different article.

Anthony, sorry to hi-jack the thread. The article was very good. I have a friend that consistently wins at BlackJack with the basic stategy that blackjack is a game of streaks, and you will get on a hot one at one point. He ups his bets when he's on his 'streak'. He won 7k when I was with him earlier this year, and went back and won 20 more since. He was up 35 at one time, bailed at 20 and was about to leave for two weeks to Europe with the wifey last time we talked. I guess it is good for me, as there was a part of me believing in his 'system' that it's a matter of time before he gives it all back. His blackjack game is good, not great. He's a business owner and isn't worried if he lost say 10gr. Probably one of his biggest advantages IMO.

[QUOTE=hardrock;5669]I understand not all points are created equally. I have a book with 5cents juice, to buy a half point in any sport is an additional 10 cents. The '3' in foots is an additional 10, so if a dog is +3 to get to 3.5 I must lay 25. I am curious if a) that's fair b) how I can relate that to the money lines I see for the teams. ie what's higher than normal, fair, etc. An example to use would be, I just bought GT M/L vs. VT at +140. The opposing side is -160 (m/l) So based on the -3 -105, each point being worth 20 cents (other book's scale, but still pretty standard of a scale) it would be -1, = -125, -2,= -145 and then to the 3 would be -175, so in that case the -160 is more value than the +140??? The +140 M/L was the highest of the 3 point dogs at Cris last night. Not why I bet it, I did so because I think GT gets it done, I don't need the points, (if I did I'd want 3.5 and that's the juice I am avoiding) and the fact it was higher than the other 3's was incentive to pull the trigger. I do understand that the 'take back' numbers vs. nominal make the -175 to - 160 comparison slightly more extreme. Eh, who am I fooling, I don't know, that's why I'm asking. I will restate the original question and hope for help. Is there a scale somewhere for foots, and then another for baskets? That'd be great. Possibly, it is found in SSB book by Stanford Wong. I do own that.[/QUOTE] https://www.sbrforum.com/Betting+Tools/Spread+ML+Converter.aspx This is the second time I've posted a link to SBR tools, but it can't be helped.

[QUOTE=MobileBandit;5664]Can someone please tell me where I can find the correct Money Line Odds associated with each point spread line? For example, if a team is laying 6 points, what should be the correct Money Line, etc. Thanks![/QUOTE] First, for which sport? It will be different. Second, for a given sport, for what total? To bet Wassamatta U when lined at -10 on the moneyline with a total of 40 it will typically cost you more than if the total were 60. Third, every serious sports bettor I know generates their own table of these for each sport they handicap. You can do this from multiple sources, such as your own sports database and from sports books you trust. If SharpBook.com has a couple of games up where the ML for Miskatonic U -6 is -240 and their opponent +6 is +200, you can presume that 220 is a pretty fair moneyline for the game. Hope this helps.

[QUOTE=hardrock;5685]Anthony, sorry to hi-jack the thread. The article was very good. I have a friend that consistently wins at BlackJack with the basic stategy that blackjack is a game of streaks, and you will get on a hot one at one point. He ups his bets when he's on his 'streak'. He won 7k when I was with him earlier this year, and went back and won 20 more since. He was up 35 at one time, bailed at 20 and was about to leave for two weeks to Europe with the wifey last time we talked. I guess it is good for me, as there was a part of me believing in his 'system' that it's a matter of time before he gives it all back. His blackjack game is good, not great. He's a business owner and isn't worried if he lost say 10gr. Probably one of his biggest advantages IMO.[/QUOTE] Your friend's situation is the crux of it. It's gone his way and he's content (his financial situation makes it easier). But that doesn't mean he has a winning method. "Good" isn't good enough, at least if he intends to profit in the long run (if he's satisfied to have fun at a low cost -- different story). He has to be able to overcome the edge he's presented with in the games he's playing to win. Doesn't sound like he can.

If you don't have an edge, you're not going to win (long term). Such an easy concept, but so many people fail to grasp it.

People misunderstand this simple concept. The GoldSheet website prominently featured: [U]BREAKING EVEN SHOULD MAKE YOU A WINNER![/U] [I]The few experienced and successful sportsmen we knew firmly believe that if you break even in 100 predictions you should wind up a winner. ... [C]onsidering the streaks that are inevitably involved in each season, a sensible wagerer will press a winning streak (without getting out of control) and back off from a losing trend. ... By using streaks to your advantage, you should be able to capitalize and make the most of your hot hand (and not get destroyed by a cold streak).[/I] https://web.archive.org/web/20020124191846/https://www.goldsheet.com/