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Friday, August 27, 2010

Sports Betting Race

Bryan (bmetz), myself and Danno (atlantisdan) are going to do a sports betting competition for NFL / College. We will each deposit $100 to say, Bodog, and then bet as many college or NFL games as we want. Whoever has the biggest Sports bankroll at the end of the NFL/College season, wins. The two losers pay the winner $25 each, so another $50 for winning.

So what strategy to use? Obviously, there are the usual sports betting money management systems out there. The only problem is, small bets probably won't keep pace if one of the other two hit some lucky streaks with larger bets. The last thing I want is to be faced with dropping huge bets on any one game to catch up.

This almost reminds me of a blackjack tournament, where your bet size and position are the two main ingredients to success. Position won't matter here, because none of us will really know the games that the others are betting. We'll have to do a weekly bankroll report or something, so we know who is in the lead.

Should be fun. Betting horses, sports or playing craps is so much less stressful than poker. Casino games especially, you know you are behind on every bet and an underdog. You're just hoping to get lucky a few times. Compare that to say, consistently getting money in with a 60%/40% lead and getting sucked out on incessantly. Since you know you are supposed to win the majority of those, it's incredibly frustrating when you hit the run where every flip goes against you.

Moral? Play craps or blackjack at a 1% or less house advantage. You'll lose a buck for every $100 wagered, on average and if you win in a session, it feels great. If you lose, well, you expected to, so no harm done.

I'll get back to poker in the short term. I got top level Iron Man at Full Tilt in August (200+ points per day for the first 25 days), so I'm a bit poker burnt out.

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