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The Myth of Doctor Bob |
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Oct 23, - by Reagan
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He is a legend to some. ESPN once said he was going to bring down Las Vegas. The Wall Street Journal called him “peerless” when it came to predicting the outcome of college football games. The orgy of hype reached its peak in 2005-06: a $100 per star bettor made $15,570 playing Dr. Bob’s picks in football and basketball. That season built on the successes of 2004 and 2005. A bettor made $7,250 in 2003-04 and $2,680 in 2004-05 betting Dr. Bob’s picks on a $100 per star basis.
That was then, this is now. Since those giddy days of 2006, Dr. Bob has been a drain on his clients’ bankroll. In 2006-07, the same $100 bettor lost $630 without even considering the dollars spent subscribing to Dr. Bob’s service. He did well in college football (considered his specialty), but Bob’s NFL struggles (-$2190) and net losses in basketball wiped out the positive units won in college football.
Dr. Bob hit a new low in 2007-08. The college football specialist was anything but when it came to handicapping the college game. Our hypothetical $100 bettor lost $4410 following Dr. Bob’s advice. He did even worse in college basketball, losing $4960 over just 248 plays (not counting pushes). The pro game was better; Dr. Bob was +$4260 playing both the NFL and NBA. In total, however, his backers lost over $5,000 to the bookies. They paid him thousands of dollars for the privilege.
Dr. Bob made a nice comeback last season, winning $2050 for his subscribers on a $100 per star basis. “I had a successful season last year (2008-2009) and I was up a very solid 35% overall after factoring in juice. I was up 51% in Football and down 7% in Basketball,” wrote Dr. Bob on his website. “It's also worth mentioning that while a 35% ROI is spectacular when compared to even the best years of the stock, real estate, currencies or commodities markets, it's particularly satisfying in a year like 2008, where many of those markets lost half of their value or more.”
Sadly, this “spectacular” year failed to earn our $100 bettor any money. What Dr. Bob did not mention was his $2495 fee for his football-basketball combo season subscriptions. Dr. Bob made our bettor $2,050. Our bettor paid Dr. Bob $2,495 for the right to win that $2,050. Net loss: $450. Still better than the market, right Bob?
So let’s take Bob’s record year to year from the start of the 2003 football season:
- 2003-2004: Gross profit, $7,250. Fee: $1,695. Net profit: $5,555
- 2004-2005: Gross profit, $2,679. Fee: $2,495. Net profit: $184
- 2005-2006: Gross profit, $15,570. Fee: $2495. Net profit: $13,075.
- 2006-2007: Gross loss: -$630. Fee: $2495. Net loss: -$3,125
- 2007-2008: Gross loss: -$5,110. Fee: $2495. Net loss: -$7605
- 2008-2009: Gross profit: $2,050. Fee: $2495. Net loss: -$445
Somehow, these high fees aren’t mentioned in Dr. Bob’s boasts of his past successes. $21,800 in winnings over six years becomes just $7,700 once Bob’s changes are factored into the equation. No wonder he prefers to sell the picks rather than bet them.
The start of this season hasn’t gotten any better for Dr. Bob. Bob is 35-39-3 on star basis for his college football picks. He hasn’t played much in the NFL, but the 9-4 record brings his overall numbers to 44-43-3 (-$330). Bad luck he says. Of course. Welcome to the world of gambling. And please. Enough with the fuzzy math. It is unbecoming.
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UFC Betting Tips |
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Nov 08, - by AK
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UFC is on of the most popular sports these days but you wont get enough information about good betting strategies that really help you to win the bet. If you are a experienced UFC bettor, it is quite necessary that you know a few tips to UFC betting and can avoid some mistakes that you might have made in the past. However, different bettors have UFC betting ideas but these following three tips will surely help you to win your bet and you will certainly earn good profits each year.
Underdog betting: Underdog Betting is the most useful and effective strategy and has been successfully used in sports betting and has proved to be great in UFC betting. In sophisticated fights in the UFC, the underdog betting strategy is usually undervalued and this has proved to be a great bet. Any professional sports bettor will suggest you to bet on underdogs than heavy favorites if you really want to make huge profits in the future. Though, the favorites have greater chances to win, but in a long run, chances of earning profits are much higher if you are betting the underdogs.
Avoid betting on multiple event: The most common mistake that the new bettors usually commit is that they bet on a lot of events and this is really wrong. There are thousands of fights where no fighter actually makes and edge. There is therefore no point in betting your money in a fight where there is no apparent edge. And if you simply want to bet on a fight for the sake of fun or adventure, always remember to bet in small money and if by chance you lose the bet, it shouldn’t affect your bank balance.
Avoid betting on heavy favorites: The biggest mistake that a new bettor usually makes is betting on heavy favorites. It is sensible to avoid this mistake of betting on favorites if you really want to succeed in UFC betting. And if you don’t do so, there are chances that you might lose a considerable amount. However, if you want to bet on favorites, it is recommended to bet on a -200 favorite and not a -400 favorite and you will not bet as much as you would do on an underdog!
Along with these useful strategies, it is also recommended that you should bet against the general public. Normally, most of the sports bettors lose huge money and thus betting against them is a great way to win profits. This strategy works well in UFC betting too. It is sensible not to bet on the fighters on which the general public has placed their bets. It is also recommended to follow a betting system and these systems are based on specific situations that occur again and again. Though this idea may be tough in UFC sports but you can always develop a system. For example, some fighters fight better than others in terms of fighting styles they follow and this will really help you to develop your system. Well, with all these important UFC strategies in mind, you will certainly win the bet and earn profits betting on the ufc.
Article from AK at UFC NEWS
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Celtics simply must make a trade |
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Feb 08, - by News Feed
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The NBA’s trading deadline is Feb. 18, so that means the struggling Boston Celtics have a little more than a week to figure out a way to save their season. Don’t get me wrong, Boston will get a No. 3 or No. 4 seed in the Eastern Conf...
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Weekend (Feb 6-7) NCAA-B Steamers |
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Feb 08, - by News Feed
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The Covers Wiseguys review a number of the past weekend's Syndicate Steam plays and why Sharp money targeted these contests. San Jose State @ New Mexico State Line Opened -5½ - Closed -8 Sharp action hammered this Wes...
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Todayâ??s Betting Information |
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Feb 08, - by News Feed
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Congratulations to the New Orleans Saints for winning the first ever Super Bowl and the cityâ??s first ever championship. The most striking aspect of the game was Sean Paytonâ??s ability to be himself. Since becoming a head coach, heâ??s always been a risk taker and it worked for him again in Miami.
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