I started a thead like this a few years ago and always wanted to do this for fun. So I decided to do this with my betpoints and give it a go. Lets see what happens.
I am going to place progressive bets until I reach my goal of 10,000 points. I have looked at all my picks over the past couple years and noticed I never have had more than 6 losses in a row. After I win the 10,000 points I may keep going depending on how much of a hassle this thread is.
I will start with placing bets on the NBA & NCAAB, then roll into baseball, football, etc.. I am going to set aside 9,000 betpoints. The bets will be placed with a standard -110 vig and may vary depending on the situation. For the most part I will try and keep it at -110 just for the simplicity of it. I will try and place atleast one bet a day and sometimes more. Obviously due to start times it may be hard to place more than 1 bet a day but it will happen.
My goal is to make 50 points per win. If I lose, I will chase that loss until I lose my bankroll- HOPEFULLY THAT WILL NOT HAPPEN!! I will also keep tabs of the percentages of the picks just to see where I would stand.
SOMETHING LIKE THIS WILL HAPPEN IF I LOSE 7 IN A ROW
1ST BET 55 POINTS TO WIN 50
EVERY BET I AM ONLY TRYING TO WIN 50 POINTS
I am not claiming to be an unbelievably great capper, I am just trying to avoid losing 7 losses in a row. I must first give credit to the people that originally came up with this idea. I have seen a few methods very similar to this and decided why not give it a try? Also since the SBR Sportsbook has point limits there will be times during bets 5-7 that I will need a few runners. I am fully aware of the probabilites of losing 7 bets in a row so save yourself the time. Here are is a great probability calculator SBR has provided http://www.sbrforum.com/betting-tool...ak-calculator/. So to reach my goal of 10,000 points I would have to win 200 bets x 50 points = 10,000. Lets say I am handicapping at a rate of 55% which would make my loss rate 45%. Hypothetically if it took me a progressive series of 500 wagers to win 200 assuming I am at a 45% loss rate, the possibility of me losing 7 bets in a row would be 64.325%. I am ready to face this challenge.
Lets get it!