YTD:
1% = 51-47-5 (+5.97 units)
3% = 0-2 (-6.45 units)
5% = 0-0 (1 play pending Senator Points for March)
(Began Posting/Tracking NHL plays at RX just before the ALLSTAR break).
***Guys above is my ***HONEST*** record of my plays posted since the allstar break, I highlight the word honest, as we all know that as we go through these threads at the RX there are many cappers, however few that keep an UPDATED, day to day record with a reasonable Money Management Strategy. Vegas Vic obviously does in his threads, aswell as Black & Gold, Occams & Hansen, Oldmanted & many others who I know that I am missing. other cappers will use statements such as "5-0 in the past week" to make themselves look hot but the honesty behind their selections is often vague....what good is a 5-0 week if every other week was a loser?
Lately I am re-evaluating my SYSTEM for which I will be releasing plays here...I figure today is the best day to do it, as I am roughly even so far (Not Including the 5% pending play for march which doesnt look good)....It is for this reason that I will reset my record today to ZERO's & start tracking again starting from the beginning...choosing to do it today so that nobody can accuse me of trying to bury a losing Record....
I am a firm beleiver that the way to be succesful overtime by grounding out the profits...This has become even more obvious to me by the fact that I am 0-2 in my 3% plays here & looking like I will be 0-1 in my 5% play. I am also 0-2 in my 2% plays in the NBA...All this but I have a winning record in both NBA & NHL in my multiple 1% Plays....Even if I had lumped my higher unit plays & count them as 1% each I would still be nicely in the black in each sport...
I will take the lead from Our Newest & Most impressive RX NHL capper VegasVic in terms of what seems to be a very sound Money Management system.
Going forward I will track my Plays as:
1% or 1.5% that is it...no 5% nonsense...the idea is to protect what you have....We all live & learn.
The reason I use a % symbol instead of UNIT or STAR's is simply to outline that the play should be roughly 1% of your Gambling Bankroll...
Now many people do not have a set bankroll, they take out of their accounts & add to them periodically, I still feel however it is important to create an imaginary Bankroll, what I mean by this is put a dollar value forward & ask yourself the Question....
WHAT IS THE MOST AMOUNT OF MONEY I CAN LOSE WITHOUT CREATING PROBLEMS IN MY PERSONAL LIFE...
If the amount is 10000$ then your 1 unit play should be 100$...If your amount is 5000$, then your 1% amount should be 50$.....It may seem boring to only play 50$ a play, but two things will result, you will last longer in this business & your bankroll is more likely to grow. Eventually if your bankroll goes up you can increase the size of your 1%.
Enough babbling for now...
New tracking starts as of Today
1% = 0-0-0 (+0.00)
1.5% = 0-0-0 (+0.00)
1% = 51-47-5 (+5.97 units)
3% = 0-2 (-6.45 units)
5% = 0-0 (1 play pending Senator Points for March)
(Began Posting/Tracking NHL plays at RX just before the ALLSTAR break).
***Guys above is my ***HONEST*** record of my plays posted since the allstar break, I highlight the word honest, as we all know that as we go through these threads at the RX there are many cappers, however few that keep an UPDATED, day to day record with a reasonable Money Management Strategy. Vegas Vic obviously does in his threads, aswell as Black & Gold, Occams & Hansen, Oldmanted & many others who I know that I am missing. other cappers will use statements such as "5-0 in the past week" to make themselves look hot but the honesty behind their selections is often vague....what good is a 5-0 week if every other week was a loser?
Lately I am re-evaluating my SYSTEM for which I will be releasing plays here...I figure today is the best day to do it, as I am roughly even so far (Not Including the 5% pending play for march which doesnt look good)....It is for this reason that I will reset my record today to ZERO's & start tracking again starting from the beginning...choosing to do it today so that nobody can accuse me of trying to bury a losing Record....
I am a firm beleiver that the way to be succesful overtime by grounding out the profits...This has become even more obvious to me by the fact that I am 0-2 in my 3% plays here & looking like I will be 0-1 in my 5% play. I am also 0-2 in my 2% plays in the NBA...All this but I have a winning record in both NBA & NHL in my multiple 1% Plays....Even if I had lumped my higher unit plays & count them as 1% each I would still be nicely in the black in each sport...
I will take the lead from Our Newest & Most impressive RX NHL capper VegasVic in terms of what seems to be a very sound Money Management system.
Going forward I will track my Plays as:
1% or 1.5% that is it...no 5% nonsense...the idea is to protect what you have....We all live & learn.
The reason I use a % symbol instead of UNIT or STAR's is simply to outline that the play should be roughly 1% of your Gambling Bankroll...
Now many people do not have a set bankroll, they take out of their accounts & add to them periodically, I still feel however it is important to create an imaginary Bankroll, what I mean by this is put a dollar value forward & ask yourself the Question....
WHAT IS THE MOST AMOUNT OF MONEY I CAN LOSE WITHOUT CREATING PROBLEMS IN MY PERSONAL LIFE...
If the amount is 10000$ then your 1 unit play should be 100$...If your amount is 5000$, then your 1% amount should be 50$.....It may seem boring to only play 50$ a play, but two things will result, you will last longer in this business & your bankroll is more likely to grow. Eventually if your bankroll goes up you can increase the size of your 1%.
Enough babbling for now...
New tracking starts as of Today
1% = 0-0-0 (+0.00)
1.5% = 0-0-0 (+0.00)
