news,
yesterday wasnt bad luck, it was a bunch of mistakes on my part. I didnt sleep for over 3 days, and I emailed some people saying that I liked DET a lot, and there were a bunch of home dogs that had a shot, then for some reason I changed my mind after I took a nap.
I didnt lose that much as a %, but I lost a lot relative to what I would have gained. It happens, and this is why money management is so important.
In the past I have typically returned over triple digits as a percentage per 3000 wagers on an average of appx 1% per wager, moneylines and special subsets and angles push the return incredibly high compared to other markets. I may become a little less risk averse now and decrease wager size a little from last year's NFL 1.5% and 2nd half angles of 1.5% to 2%. This year (my fiscal year runs from NCAA football to NCAA football) I met my annual goal for all sports before the football season was over. The NFL playoffs thread is still there and you will see that I was risking quite a bit on each playoff game, when I'm up so much for the regular season, I reconfigure wager size for the playoffs since I typically win closer to 60% on playoff games, it's what I call a subset. I made 50% in the NBA and college baskets within 3 months even with a terrible FEB. Did alright after that thru the regular season, and my NCAA bowl angle was too good to be true, as was the NCAA basketball tourney angle for the first two rounds. I caught fire in the NBA playoffs and I think the playoff thread is still there in the NBA forum. Past results dont necessarily mean a repeat in the future, but I actually think it's hard to lose. I spent probably 80 hours a week during basketball season learning the NBA. I've bet on football every year for 6 or 7 years, the NBA for 2- part of 3, and last year was my first in baseball. I'm still a beginner compared to the majority of people, but I dont let what other people say limit what I expect.
And that's the main reason I post. One of the best ways to see if you are on track, is to post your thoughts and see if other people agree or disagree. If people criticize, then they may point out something you may have missed. I do know several people in the industry, which I met thru these forums, and that is another reason, to meet people to learn from. One thing I realized recently is that some of the ideas that I have are subconsciously typed. I start typing and then I read what I have written, and then it dawns on me why I like a team in a certain situation etc. etc. etc. If you see enough numbers a lot of this becomes second nature and instinctive.