Saturday, October 21, 2006

Bad Bets

$50 on OVER 48 in WVU @ UConn game: push
$50 on Rutgers +6.5 at Pitt: win
$50 on Ole Miss +20.5 at Arkansas: loss
$50 on Notre Dame -13 vs. UCLA: loss
$50 on Auburn -32 vs. Tulane: loss
$100 on Iowa +13.5 at Michigan: loss (by 0.5 point)
$50 on Miami -17.5 at Duke: loss
$100 on Texas -5 at Nebraska: loss (Texas missed 2 FGs and an XP)
$50 on Oklahoma -14 vs. Colorado: win
$50 on Boston College +7 at FSU: win

-$250 weekend. Now I'm -$100 in my first week of fake sports betting. Not good. But I'm seeing the mistakes I'm making. With about 50 I-A games this weekend, it was very tempting to make a lot of bets. But college games have much larger spreads. I figured teams would cover these more easily, but accurately predicting WHICH teams could cover these large spreads proved difficult. Of the bets on games with spreads over 10, I only got 1 right, and that was an easy one. OU at home against Colorado is a no brainer. The odds were low because Oklahoma lost Peterson.

I should have also put more money into the games I was more sure of. BC +7 was huge, so was OU -14, Rutgers +6.5, Texas -5, and Iowa +13.5. Although I would have still lost those last 2 bets, they were the right bets to make.

So what'd I learn from 1 week of betting?
1. An isolated bet on a soccer game featuring a home team you know nothing about, don't place bets especially with 11/10 odds.
2. Placing a bet too large on one single game is not a good idea
3. Placing too many bets on large spread games is not a good idea. College football offers a great deal of options to place bets, but that doesn't mean you should increase the number of bets.

OK, time for my NFL bets:
$100 on Buffalo +5.5 vs. New England
$100 on Atlanta +1.5 vs. Pittsburgh
$100 on NY Jets -3.5 vs. Detroit
$100 on OVER 39.5 Arizona at Oakland
$200 on Seattle -6.5 vs. Minnesota

We'll see how that works out.

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