Friday, September 7, 2012
Opening Weekend
We're heading into the opening weekend sitting in first place, and there's about 50 entries so we're feeling good. We have 9 college football games we like on Saturday, and we're planning to bet them all. There's a weekly prize of about $150-$200 for whoever earns the most shares in a given week. We're ahead now, but there's only been two games so the weekly prize hasn't factored into our plans, at all. Of course, it would be nice, but we're not deviating from our long term goal for a short term reward. Since everyone is still alive and kicking for this weekend I'm expecting some wild betting. I predict that there will be some max bettors and someone will get lucky and hit a few and snatch the weekly payout. I also predict that a couple of people will blow their load this weekend. Anyone that risks the max amount this early is just plain stupid. The max amount allows for just about 4 bets right now. In gambling there's always hot and cold streaks. A gambler must be able to survive the worst case scenario. Losing 4 bets is somewhat likely, so bankroll management is critical. I think we need to have a safety net of about 10 losses, at least. I don't expect to lose 10 in a row exactly, but I do expect to get cold, so we have to be able to take that hit and still be a viable contender. One guy bet the max on the Cowboys-Giants over, and lost, of course, so now he's down over 25% of his stack. Foolish.
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