Wednesday, November 4, 2009

Two More Funds

The time has come for me to unveil two new funds that I've been working on. I've been tracking these for about a month now and they are doing reasonably well. Both had a major fall off over the weekend, but it looks like a rebound is well under way. The goal is to post weekly updates on the progress of the funds, but I will keep the linked spreadsheets up to date at all times.

NHL - NBA Every Game, Every Day

As the title implies, this is my attempt to bet every NHL and NBA game in a single fund. The goal here will just be to pick winners, no point spreads. I'm hoping the money line can be a profitable place. So far, this fund has consisted entirely of NHL games. I am using a formula to predict how much to bet and on whom, so I need the NBA to get a few more games under their belt before I go to them. At this point my formula predicts a winner and tells me how much to put on it. I am either putting 10%, 5%, or 3% of the fund value on each game. I plan on continuing that once the NBA is factored in, but we'll see how that plays out. I have noticed that the money lines on NBA games are a lot bigger than the NHL, so I will have to see how I feel about that.

There's no way I'm going to be able to keep up with posting these games and results every day, so I created a google docs spreadsheet that I will link to from here for people to check out the entire body of work. And without further ado, here it is.

10-5-3

This one is basically your every day better's fund. I pick whatever games I like from wherever I like them, and bet them. The 10-5-3 label comes from the wager system that I have implemented for this fund. Betting particular dollar amounts doesn't allow for someone to jump in and start in the middle and get the same rate of return, so I will bet a percentage of the fund value at the beginning of the day. So, I bet 10% on something I feel really good about, 5% I feel ok about, and 3% on something I just kind of like. This could go pretty much anywhere, so feel free to follow along.

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