Quote Originally Posted by TD21:
@WISEGUY36 Just catching up on the forum tonight. Sounds like you were able to move on the play you wanted. Congrats, sounds like you are happy with your position. Meanwhile my local 7th grade basketball power ratings got some more data points tonight. I'm kidding, but it is funny how the mind works. I really enjoy watching my son play, he's got some ability and potential considering he doesn't work on certain aspects of the game that much ........ and in the college football wagering world, I had the epiphany tonight that since I'm in such a good position in National Championship Futures that I could use current odds at several shops to make plays on multiple teams and reallocate my overall position on all 4 teams, so I went ahead and did that just now. The other day when I said I would like just ride it out, at that time Michigan was +115 vs. the Field. Now that its up to Michigan +185 at one shop, I had to make a move. I literally win some amount of $ on the National Championship no matter which of the 4 teams wins it all. That feels good! Reallocated positions are: If Alabama wins, +1.135 units. If Washington wins, +1.02 units. If Texas wins, +0.5 units. If Michigan wins, +0.055 units.
A wise move bud , once we've got some core bets down , taking advantage of
line movement to manage risk is the right thing to do. Bookmakers do it ,
that's how they stay in business. We should also.
When I was posting to the Forum during previous Bowl seasons,
I would mention that always have 100 % of my bankroll at risk. Both
on Core wagers and also on high WP mlp's . They could not understand how
I could take both sides of a play and make money on it.
Most on the Forum never realized that it was an exercise in risk management
that I used every year to sharpen those particular skills. By using line movement
and combinations of high WP MLP's and UDMLP's , or a combo of both you
you can profitably hedge any situation.
Many times I tried to explain that strategy to the Forum and also why
it works so well , especially during Bowl season. I probably did not
do a good job of explaining it.
Well done TD
Helping Kama'aina to beat their " Local " since 1994.