Capper’s Mall CONTEST PARTICIPATION a tool of “money management”

[kahlmyishmael]

Capper’s Mall CONTEST PARTICIPATION: A valuable “money management” WEAPON in the arsenal of the “small-budget” bettor


The small-bettor (5.50/5.00…11.00/10.00) lucky enough to land at Cappers Mall in the first place….

…is uniquely positioned to take advantage of CM Contest participation as a “bankroll posturing tool”—the idea that just placing one’s self in the proximity of the many, many CM “contest money” awards is a significant enough factor to presume the eventual collection of some of that cash.


…. The MONEY MANAGEMENT manifestation of collecting on even the smallest $$$ CM contest awards is due to the fact....

.... that even JUST ONE 3rd-place contest “win” of a nice crisp $50 bill in an entire season of contests adds 10 (5.50/5.00)betting units in the “win column” of the season’s total number of bets.

Therefore: If one has a 100 betting-event NFL and NCAAFB season…this takes an 50/50 w/l season to 60/50 w/l…

That is a significant enough of an increase for the small bettor to keep contest picks at the constant forefront of his “money management” thinking. The big bettor, though still keeping contest participation in mind, would not be as concerned with this.


Tis better that we do not all think alike; after all, it is a difference of opinion that makes for horse races ---Puddn’head Wilson’s Calendar/Mark Twain

This different kind of “thinking” would also apply to different types of bettors; it should---because two sets of differing circumstances are being encountered even though both sets of bettors are performing the same tasks in entering their CM Contest picks/selections….

The big bettors would be silly to turn down the opportunities for free cash in this forum….


…but to the small bettor($5.50/$5.00…..$11/$10), the thought of even a $50 3rd-place finish… necessitates thinking about adding an extra 5 $10 betting units to the betting season’s final w/l total through the contest route.


If your season-long participation in the NCAA and NFL is less than 50 $10-betting events, then you are “totally nuts” for not getting yourself next to the CM Contest money that is going to be awarded to somebody and which in one shot has the possibility of you doubling your season’s action with one contest win of $500—

…..you can get next to that money by participating in every contest and get even closer by watching how CM Senior members time the placing/entry of their selections subsequent to the “opening times” of the contests.


Furthermore, the owner of the CM site has specifically noted in at least one of his postings a desire to structure at least some of the contest “prize offerings” towards the small bettor

For the normal Joe Six-Pack NFL and NCAA bettor…times have never been better….The high “vig” prices of workplace parlay cards have been crushed by the presence of Offshore Internet Wagering and now even straight bets can be made on your favorite TV games for as little as $5.50/$5.00.

With ESPN, somebody came up with the idea of Thursday Night games and now you have either an NCAA or NFL Football game to watch almost every night on TV and to get a little action on… and again, a free CM Contest bet by correctly picking the final score of the game

What follows is a plan to use CM Contest Participation as a “posturing tool” to perhaps INCREASE your bankroll by so many betting units that it would dwarf the results achieved by all but those possessed of the best handicapping skills.


Cognitively, the idea is not to hard to explain….In a 100-event betting season, 57 $10 wins and 43 $11 losses would look pretty good….Even just one 3rd-place finish could net you a nice $50 account…

Now your revised W/L total looks like 62wins/43losses….

A $500 win????.... makes it look like 107 wins/43 losses!!!!!

71.3% winners!!!!

Would you like to go 70% winners on the whole season???? Heck, yeah!!!

You as a small-bettor may not had the silver spoon of wealth born into your mouth,….

…. but then the rich, big-betting fat cats, to their everlasting chagrin, can’t use CM Contest Participation to make their bankrolls, with close to pick-even winning percentages, look like 70% winners.



In fact, the entry of “contest participation” into one’s “money management” strategy also turns on one’ head and flips upside-down the idea of HOW to bet---


“Safety” against a season of picking “losers” now becomes the key bankroll consideration since the CM Contest Money possibilities allow the small bettor to “swing for the [prize-money]fences”, as it were, in terms of game-time picks/selections.


Those familiar with a valid mathematical treatment of “bet sizing as a percentage of bankroll” known as the Kelly Criterion most always here about Kelly being discussed in terms of “maximizing profits”…


The unique situation encountered by the small bettor, with not a lot of free time on his hands to research picks, necessitates using Kelly for “bankroll safety” and then....


.... betting optimally to those reduced demands one is placing upon one’s self to hit a high w/l percentage over multiple betting seasons


THE KEY THOUGH to CM Contest Participation Success now dissolves to “foundational issues”; to wit …
• What handicapping source/system provides you with do you your picks/selections that places the least demands on your “free time”?
• What level of “betting proficiency” does one demand of ones handicapping source???,

What handicapping source/system provides you with do you your picks/selections?

Well, it is always fun picking games on your own...you’ll still be betting small enough as a percentage of bankroll to where, in terms of proper percentage “bet sizing”, you are not demanding anything more of yourself to hit over 53.1% winners over the course of your gambling career.


Get your winning selections from the CM Forums…there are handicappers here who give out their picks for free and are better in w/l % than any of the pay-for-pick scamdicapper services….

To illustrate, one pay-for-pick handicapper has gone 45 -58- 8 over his last 111 games at $25 per call…terrible!

…so get your picks for free from good cappers here!!!


How? Just ask in the forums, who has shown the ability to pick winners over the past few season???…(.Ask for CM Contest strategies,also—people are willing to help)

BEWARE!

…Don’t demand anything more in w/l percentage of these picks ANY MORE THAN what you ask of yourself in terms of w/l %…

…play that individual’s picks at the optimal level for the 53.1% winner (74 units of bankroll----approximately $375 bankroll for the $5.50/$5.00 bettor)….

…..you should also be re-grasping the very important point of a CM Contest win of $300 adding another 60 units of bank to the $375 bankroll….


...talk about “safety” and “wealth preservation” of the small-bettors bankroll!!!!—This is it!!…..because, “God, forbid!!!”--- suppose either you or your tout only hit 46% winners???….now a contest $$$ award takes the small bettor into winning territory.


What level of “betting proficiency” does one demand of one’s handicapping source???

You already know the answer…53.1 %(74 betting units)

Folks…this is the hardest part for people to understand… It is not likely that ONE will hit 65% winners over the long run…

Furthermore…as a “small bettor”, you’re coming home from work and sitting down at your computer for maybe 35-40 minutes…whatever the “spread” or “total” is for that game at that time, like it or not, is what you will be betting into…

Canadian Statistician, William Ziemba, referred to this as the “efficient market theory”---which basically states to the small bettor is that you are already betting into a “bad line” since any value in the line has already been sucked out by big betting action by the time you get home from work.


But here is the tool to make all those bad betting nightmares go away……and what is that that makes one such a lucky fellow???


You’re lucky enough to be at ONE Web Site…. Where you can use your limited amount of “free time” to access participation in many, many contests without having to navigate to the ends of the Internet….

CM Contest participation –not demanding of yourself that you hit 85% winners----- is the strength to play to in terms of MONEY MANAGEMENT as it fits nicely into the busy daily life of the small “family man” bettor.


Does that mean we don’t work all the percentages in our favor that we can???... No!... because what if no contest money does come in one season???

Presumably, at least some of those picks you bet into with the Contest Sponsors are also your beting picks---lose in contests/lose in bankroll…..


Obviously, with the demands of both “work” and “family” you don’t have all day to sit around and hope a line moves by ½-point in your favor.


The key to this aspect of betting is then having 4- $100 accounts at books with an established reputation; to wit----the CM Sponsors of these Contests…BetJamaica, SportsInteraction, The Greek, and WagerStreet.

Why 4 accounts???…Contest participation, in some cases, demands it....but also...

.....because you still want to fight for that last ½ point if it is available…it enables you to safely double your bet with no added risk…Having 4 accounts hopefully provides you with an extra 1/2-point option in at least a few games should you end up the season with nothing in the way of contest money.


Here though,in this bad situation, then is where our safe Kelly betting practices have now made us look like geniuses at season’s end....

... with an almost intact bankroll AS OPPOSED TO being wiped out… you’re still keeping your team at bat by hitting singles and doubles in terms of “bankroll risk/safety”….

—yet with CM Contest Participation and the many,many contests you can enter by visiting only ONE Web site, you’re at the same time, “swinging for the prize-money fences”.

[Trossi3389]

WTF

Hang on i gotta read this again.

Forgive me i'm a little drunk. LOL

[guzzi]

plz read out loud...

[jaypasco]

Originally Posted by guzzi

plz read out loud...

lol

[The Judge]

As much as I hate to admit it, this is one of the most informative and easy to understand pieces of advice that I have seen posted in this forum. Thanks, Kahlmyishmael, good stuff here. BBP & PV should pay attention to this.

Another solid post tonight: Kramer's thread

[jonnyblaze]

Originally Posted by The Judge

As much as I hate to admit it, this is one of the most informative and easy to understand pieces of advice that I have seen posted in this forum. Thanks, Kahlmyishmael, good stuff here. BBP & PV should pay attention to this.

Another solid post tonight: Kramer's thread

Kiss ass.

Stop shillin for the man...

[pittviper]

Nice post.

Note to Jude: F U... C K spells ****..

[jonnyblaze]

Originally Posted by kahlmyishmael

Capper’s Mall CONTEST PARTICIPATION: A valuable “money management” WEAPON in the arsenal of the “small-budget” bettor


The small-bettor (5.50/5.00…11.00/10.00) lucky enough to land at Cappers Mall in the first place….

…is uniquely positioned to take advantage of CM Contest participation as a “bankroll posturing tool”—the idea that just placing one’s self in the proximity of the many, many CM “contest money” awards is a significant enough factor to presume the eventual collection of some of that cash.


…. The MONEY MANAGEMENT manifestation of collecting on even the smallest $$$ CM contest awards is due to the fact....

.... that even JUST ONE 3rd-place contest “win” of a nice crisp $50 bill in an entire season of contests adds 10 (5.50/5.00)betting units in the “win column” of the season’s total number of bets.

Therefore: If one has a 100 betting-event NFL and NCAAFB season…this takes an 50/50 w/l season to 60/50 w/l…

That is a significant enough of an increase for the small bettor to keep contest picks at the constant forefront of his “money management” thinking. The big bettor, though still keeping contest participation in mind, would not be as concerned with this.


Tis better that we do not all think alike; after all, it is a difference of opinion that makes for horse races ---Puddn’head Wilson’s Calendar/Mark Twain

This different kind of “thinking” would also apply to different types of bettors; it should---because two sets of differing circumstances are being encountered even though both sets of bettors are performing the same tasks in entering their CM Contest picks/selections….

The big bettors would be silly to turn down the opportunities for free cash in this forum….


…but to the small bettor($5.50/$5.00…..$11/$10), the thought of even a $50 3rd-place finish… necessitates thinking about adding an extra 5 $10 betting units to the betting season’s final w/l total through the contest route.


If your season-long participation in the NCAA and NFL is less than 50 $10-betting events, then you are “totally nuts” for not getting yourself next to the CM Contest money that is going to be awarded to somebody and which in one shot has the possibility of you doubling your season’s action with one contest win of $500—

…..you can get next to that money by participating in every contest and get even closer by watching how CM Senior members time the placing/entry of their selections subsequent to the “opening times” of the contests.


Furthermore, the owner of the CM site has specifically noted in at least one of his postings a desire to structure at least some of the contest “prize offerings” towards the small bettor

For the normal Joe Six-Pack NFL and NCAA bettor…times have never been better….The high “vig” prices of workplace parlay cards have been crushed by the presence of Offshore Internet Wagering and now even straight bets can be made on your favorite TV games for as little as $5.50/$5.00.

With ESPN, somebody came up with the idea of Thursday Night games and now you have either an NCAA or NFL Football game to watch almost every night on TV and to get a little action on… and again, a free CM Contest bet by correctly picking the final score of the game

What follows is a plan to use CM Contest Participation as a “posturing tool” to perhaps INCREASE your bankroll by so many betting units that it would dwarf the results achieved by all but those possessed of the best handicapping skills.


Cognitively, the idea is not to hard to explain….In a 100-event betting season, 57 $10 wins and 43 $11 losses would look pretty good….Even just one 3rd-place finish could net you a nice $50 account…

Now your revised W/L total looks like 62wins/43losses….

A $500 win????.... makes it look like 107 wins/43 losses!!!!!

71.3% winners!!!!

Would you like to go 70% winners on the whole season???? Heck, yeah!!!

You as a small-bettor may not had the silver spoon of wealth born into your mouth,….

…. but then the rich, big-betting fat cats, to their everlasting chagrin, can’t use CM Contest Participation to make their bankrolls, with close to pick-even winning percentages, look like 70% winners.



In fact, the entry of “contest participation” into one’s “money management” strategy also turns on one’ head and flips upside-down the idea of HOW to bet---


“Safety” against a season of picking “losers” now becomes the key bankroll consideration since the CM Contest Money possibilities allow the small bettor to “swing for the [prize-money]fences”, as it were, in terms of game-time picks/selections.


Those familiar with a valid mathematical treatment of “bet sizing as a percentage of bankroll” known as the Kelly Criterion most always here about Kelly being discussed in terms of “maximizing profits”…


The unique situation encountered by the small bettor, with not a lot of free time on his hands to research picks, necessitates using Kelly for “bankroll safety” and then....


.... betting optimally to those reduced demands one is placing upon one’s self to hit a high w/l percentage over multiple betting seasons


THE KEY THOUGH to CM Contest Participation Success now dissolves to “foundational issues”; to wit …
• What handicapping source/system provides you with do you your picks/selections that places the least demands on your “free time”?
• What level of “betting proficiency” does one demand of ones handicapping source???,

What handicapping source/system provides you with do you your picks/selections?

Well, it is always fun picking games on your own...you’ll still be betting small enough as a percentage of bankroll to where, in terms of proper percentage “bet sizing”, you are not demanding anything more of yourself to hit over 53.1% winners over the course of your gambling career.


Get your winning selections from the CM Forums…there are handicappers here who give out their picks for free and are better in w/l % than any of the pay-for-pick scamdicapper services….

To illustrate, one pay-for-pick handicapper has gone 45 -58- 8 over his last 111 games at $25 per call…terrible!

…so get your picks for free from good cappers here!!!


How? Just ask in the forums, who has shown the ability to pick winners over the past few season???…(.Ask for CM Contest strategies,also—people are willing to help)

BEWARE!

…Don’t demand anything more in w/l percentage of these picks ANY MORE THAN what you ask of yourself in terms of w/l %…

…play that individual’s picks at the optimal level for the 53.1% winner (74 units of bankroll----approximately $375 bankroll for the $5.50/$5.00 bettor)….

…..you should also be re-grasping the very important point of a CM Contest win of $300 adding another 60 units of bank to the $375 bankroll….


...talk about “safety” and “wealth preservation” of the small-bettors bankroll!!!!—This is it!!…..because, “God, forbid!!!”--- suppose either you or your tout only hit 46% winners???….now a contest $$$ award takes the small bettor into winning territory.


What level of “betting proficiency” does one demand of one’s handicapping source???

You already know the answer…53.1 %(74 betting units)

Folks…this is the hardest part for people to understand… It is not likely that ONE will hit 65% winners over the long run…

Furthermore…as a “small bettor”, you’re coming home from work and sitting down at your computer for maybe 35-40 minutes…whatever the “spread” or “total” is for that game at that time, like it or not, is what you will be betting into…

Canadian Statistician, William Ziemba, referred to this as the “efficient market theory”---which basically states to the small bettor is that you are already betting into a “bad line” since any value in the line has already been sucked out by big betting action by the time you get home from work.


But here is the tool to make all those bad betting nightmares go away……and what is that that makes one such a lucky fellow???


You’re lucky enough to be at ONE Web Site…. Where you can use your limited amount of “free time” to access participation in many, many contests without having to navigate to the ends of the Internet….

CM Contest participation –not demanding of yourself that you hit 85% winners----- is the strength to play to in terms of MONEY MANAGEMENT as it fits nicely into the busy daily life of the small “family man” bettor.


Does that mean we don’t work all the percentages in our favor that we can???... No!... because what if no contest money does come in one season???

Presumably, at least some of those picks you bet into with the Contest Sponsors are also your beting picks---lose in contests/lose in bankroll…..


Obviously, with the demands of both “work” and “family” you don’t have all day to sit around and hope a line moves by ½-point in your favor.


The key to this aspect of betting is then having 4- $100 accounts at books with an established reputation; to wit----the CM Sponsors of these Contests…BetJamaica, SportsInteraction, The Greek, and WagerStreet.

Why 4 accounts???…Contest participation, in some cases, demands it....but also...

.....because you still want to fight for that last ½ point if it is available…it enables you to safely double your bet with no added risk…Having 4 accounts hopefully provides you with an extra 1/2-point option in at least a few games should you end up the season with nothing in the way of contest money.


Here though,in this bad situation, then is where our safe Kelly betting practices have now made us look like geniuses at season’s end....

... with an almost intact bankroll AS OPPOSED TO being wiped out… you’re still keeping your team at bat by hitting singles and doubles in terms of “bankroll risk/safety”….

—yet with CM Contest Participation and the many,many contests you can enter by visiting only ONE Web site, you’re at the same time, “swinging for the prize-money fences”.

Just pick winners baby. Just pick winners.

[The Judge]

Originally Posted by pittviper

Note to Jude: F U... C K spells ****..

Get back to me when you sober up, PV.

[doddi]

nice effort, very creative and good content!

[Dr. Jack]

Great post kahl

[kahlmyishmael]

Originally Posted by jonnyblaze

Just pick winners baby. Just pick winners.

I agree totally...and in an attempt to follow your advice, I'm proud to announce that I have indeed "picked winners"

...i've also picked about as "many losers".

The $55/$50 minimum bet over the phone to one's local bookie which forces one to play the terrible-odds workplace parlay cards is a thing of the past with Internet Offshore Wagering...

..yet it clearly was better to bet $50 at 11/10 AS OPPOSED TO lesser $$ amounts at the terrible workplace parlay odds...

More and more of those bettors.... not "less and less"...undoubtedly will be migrating to the offshore industry and perhaps this forum.

...and most likely, they'll fall into the category of the 94% who can't beat the 11/10.

CM Contest Participation... at the very least...gives them a good "fighting chance" and DEFINITELY "carries them for a round or two" until any innate handicapping skills have a chance to kick in at reduced w/l % kelly demands...or the ability to follow the picks of proven CM Senior Member winners

CM Contest Participation is the gambling equivalent of when Dr. McCoy gave that scene-stealing William Shatner a hypodermic loaded with Trioxx compound to help combat the thin 52.38% Vulcan atmosphere....


...and nearly DIED, JonnyBlaze!!!!


...and was he putting his life in danger for something worthwhile like a CM Visor and T-Shirt???

No, quite pathetically, James Tiberius Kirk was risking his own neck just
so that Mr. Spock could grab some nookie off of a no-good, b*ll-busting, Vulcan hottie.

Captain Kirk deserved that Trioxx compound then, JonnyBlaze....

...just as the small bettor now deserves and should therefore utilize CM Contest participation to give the Captain Kirk "betting element" in each of us...

...that very same, "fighting chance".

[Bobtheicon]

Now I understand completely.

[domafia]

I'm too hungover for this thread. Will return tomorrow!

[robertg]

wow!!! great article...guess i won't bother to enter this contest....