Vegas Elite Free Picks

There are no excuses in betting. You win or you lose. However,
there are amazingly crazy losses like our over last night. With 3:07 to
go we needed 10 points....thats about as sure a thing as sure things
get right?? They combined for a whopping 4 points. Those are the things
that happen when you get on a little cold spell.

Ive received quite a few emails on money management so I'll share a few
thoughts with everyone here. First off...for some of you....what you seek does
not exist. There is no magic wand or super handicapper that hits 87% and never
ever has a losing day. Doesn't exist. In the real world, 55% is good and 60%
is outstanding.. If you want a good book to read check out Smart Money.
Rick Matthews is the reason you can't walk into any sportsbook and bet 10 or
20 dimes on a game. Now the only place that consistently takes that action
around here is The Coast Casinos.

Anyway, first on money management...If I were you I'd try to have a seperate
account for each pick source I have. So if you were following this blog and lets
say you were paying for a service...I would play the picks, if possible in seperate
accounts so you can work them individually. The way my picks go is that I don't
usually have long losing streaks, you'll spend some time hanging around 50/50
but then like in late January we'll win 10 straight. The problem for most of you is
that during the time I hit 10 in a row your other service goes in the tank and you
cant raise your bet on the streak or really manage your money to take advantage
of the run because your bottom line is just breaking even. Then you get frustrated...
then you make stupid bets. We've all been there...for some gamblers the hardest
thing to do is hang around even. Learn to accept that as a positive when your money
is still in your pocket.

There are a lot of ways to manage your money and I can't really tell you how to do
it because I don't know your bankroll or risk tolerance. Some of the blog followers
here use something they call "snowball" I'm not too familiar with it but it's in Frank
Bellangers "Bookie Buster" I let their ad on here because people have told me that
the ebook has very good money management methods. Others use the Labourchere.
If you want the best info on Labourchere look up Tod Wilkinson...he runs Platinum
Sports Investing Club, a very solid outfit and one of only 2 or 3 services that are
worth paying for. Other blog followers have told me that he has written about it on
covers under the name "PSIC" The Labourchere provides a way to recover your losses
without chasing. It's a money management method that stared with roulette players.
It only requires 39% wins to break even but be careful because it is best used with
picks that don't have long losing streaks.

You can just play these picks flat out and you'll make money over the course of the year
but i'd like to see you be able to capitalize on times when it gets white hot!

There are plenty of ways to take care of your money but I think the most important is
to seperate your pick sources if you can. Plus it makes it real easy to see who's making
you money. You log in and your dollar figure stares right back at you.

Well yesterday was the first time all year we lost 3 straight...doesn't matter how it happened..
a loss is a loss. That doesn't mean that everyone should load up today. Trust me..follow
my lead on when to raise your lower your bet. Some of the plays coming up will be 1.5 or 2 unit
plays and that is what you should bet. Occasionally I'll give a 3 unit wager. Today we were
close to a bigger play but not quite so just stick with the base bet.

{INTERNET} Philadelphia 76ers -4(-120)....risking 60 to WIN 50
4pm Philadelphia 76ers vs Washington Wizzards

Best of Luck,

Jimmy Young

YTD: 41-19 (+25.1 Units)