Stop Losing Money and Join the Winners: Great Picks are Not Enough by Frank Neal - HTML preview

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3 – Clever Money Management Technique

 

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Again, that’s part of the day-to-day operation of any business. You don’t have to learn anything new or read about this since it’s all reflected in the formula.

 

We just want to lay out the whole concept so you become comfortable with it while also understanding why you'll sometimes have 80% of your working capital being in the sportsbooks accounts while you're wagering only 20% of that working capital on the required game on a given day.

 

In any business, and this one is no different, you have to be what we call "well capitalized" to succeed. That’s the main source of problems for most non-profitable real businesses and for sport bettors alike.

 

Don't get us wrong, we’re not saying that you need to be filthy rich for operating the Sports Betting Reinvented formula. As a matter of fact, you can start with as little as $4,000.

 

How many profitable businesses can you name that can be started with less than that?

 

You need to adjust your "per win" amount profit with the total cash you have available to operate following the formula. That’s where 99% of people go wrong.

 

Your working capital could be $4,000 or $5,000,000; it doesn't matter. The principle remains the same. The Sports Betting Reinvented formula works seamlessly no matter your cash amount. The main thing is to balance the size of your wagers in reference to the total working capital you have on hand so you always have the necessary cash flow for operating properly and securely, following the plan.

 

Throughout the years, we’ve come up with what we’re calling the “divider constant”. You apply the divider constant of 75 to your initial working capital as well as your growing capital during every season.

 

You can also use it in a reverse way by setting up the amount of your desired “per win” profit and using the divider as a multiplier instead for knowing how much working capital you would need for a given “per win” profit.

 

Using the divider will ensure that you’ll be having the required cash flow at any given time for successfully operating the Sports Betting Reinvented formula. You want to be on the safe side.

 

Since you’re recouping the money in inventory (the temporary losses), you want to have the necessary capital available in your different sportsbooks accounts for sustaining those situations. Those instances are not happening very often, but that’s just clever and sound money management and it guarantees a smooth running of your operations because you know the cash flow will be there if you happen to need it.

 

That’s why it may look like you could afford a higher “per win” amount, but we know by experience that the divider constant of 75 is the optimal one. Don’t forget that you’re in for the long term and that the other part of the clever money management technique has to do with scaling your profits up.

 

The way this all works is when you’re getting a wagering signal, you place a wager on that team. We’re calling that game the first game of a series. For every win, you’re pocketing a profit which is the "per win" profit calculated in reference to your working capital. If the team indeed wins that first game, the next one will again be considered the first game of a series. If they lose that one, the next one will be the second of that series etc.

 

For those of you wondering if the wagering signals the algorithm produces happen pretty often, we can tell you that for the MLB season, you’ll be getting an average of 8 to 10 signals a day, sometimes up to 15 and for the NHL, this number will range from 5 to 8 with peaks at up to 15 too. The reason why we’re getting a smaller number of signals with hockey has nothing to do with hockey itself, it’s just because they’re playing 82 games instead of 162 with baseball.