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MLB 2015 --- Overall
YTD: 16-12-1 (57%) *** +8.34% Return on Risk ***
ML: 12-8 (60%)
F5: 0-1-0 (0%)
RL: 0-0-1 (0%)
O/U: 4-2-0 (67%)
Parlays: 0-1-0 (0%)
Starting / Current Bankroll: $5,216 / $5,427.35 (+211.35, +4.05%)
MLB 2015 --- Picks of the Day
YTD: 5-4-1 (56%) *** +8.41% Return on Risk ***
ML: 3-4 (43%)
F5: 0-0-0 (0%)
RL: 0-0-1 (0%)
O/U: 2-0-0 (100%)
MLB 2014
Overall: 826-685-112 (55%) *** +4.13% Return on Risk ***
PODs: 121-72-16 (63%) *** +16.60% Return on Risk ***
Bet Sizing: 1 Unit is 1% of my bankroll (~$54 as of today). Scaling your bets with your bankroll is incredibly important. A $100 wager on a $5K bankroll is riskier than a $100 wager on a $10K. Don't take more relative risk when your bankroll is depleted, and likewise take more dollar risk as your bankroll grows. From a risk perspective, betting as a % of bankroll accomplishes a flat amount of relative risk from one day to the next.
Return on Risk: Profit($)/Total Wagers($). This is the only way to compare betting performance among cappers. Don't let anyone tell you differently. Once you get a decent sample size of wagers, +$10,000 on $200,000 of risk is no different - in terms of performance - from being up +$100 on $2,000 of risk.
Picks of the Day (POD) / Regular Play (RP): I color code my plays to differentiate between my favorite plays (orange) and my regular value plays (blue).
Diversification/Money Management: Remember, you can express a view in a number of ways and it's about finding the cheapest way with the best risk/reward profile. Don't fall into the trap of putting too much risk in one place. If there is one takeaway this is it. Diversification is key to money management.
Number of plays: I often elect to spread my risk out by selecting wagers that express the same view. So, while the number of bets might seem high, 2-3 plays on the same game can often be consolidated into 1 play with more concentrated risk. For example, sometimes I split my risk between the first 5 innings and the full game while also placing a wager on the run total.
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