12:15 Update
Monday we went 0-2 on our NHL plays. Bring us to a bit over break even in the NHL this season. In October we were plus almost 4 units and in november minus almost the same. I have been asked from time to time about money line sports and how they are different from spread betting. I think the best analogy is that Money line betting is similar to flipping a coin with a 2% edge. The variance in money line sports tends to be higher then spread betting also. Streaks on the downside tend to be bigger and longer. This is the way I see it. Now you can handle this different ways. Myself I just use the same unit size and bet 2% of the bankroll I have set aside for wagering. I make it as simple as I can!
Now compare that with the first month of college hoops.
November 34-20-1 62.9%
Sides
Road Dog 8-3-1 72.7%
Home Dog 0-1
Totals
Under 26-16 61.9%
Really a great month to start out the college hoop season. +14 units and almost no drawdown. Cannot ask for more then that.
I almost forgot I had Baltimore +2.5 in the Hilton contest to finish my week at 4-1. It was looking grim as the line by kick off was +5 at most books. But good handicapping prevailed and the game was never in doubt. So now I need to finally put together a rush in the NFL to see if I can get close to the 60% level. Its still not out of reach but it would need to be a monster rush. I have had those before:)
If your on the fence about signing on to these plays there really is not a better time. You have all major sports going right now with the exception of baseball. So there are going to be quite a few plays going out this time of year. In addition the cost is a fraction of what most services charge. So take advantage of it and hit the paypal button on the upper right and pick your subscription.
For subscribers a full slate of games in college hoops tonight. I will be sending plays out from 1 to 10 min before game time.
Good Luck Tonight
The Market found no solace in the worlds leaders meeting to discuss saving our planet yesterday. At the end of the day the dow was down 50. I have to think that if instead the world leaders would of met to find a solution for the terrorist violence going on all over the globe it might have been a bit more market friendly.
But this morning so far all is well with the market posed to gap up about 1/3 % about 50 min before the open. Which is fine with me as I put on one of my overnight trades at the close in SSO. That trade does not come along often but has been one of the best performers of the year. In addition I am long a portfolio of stocks without covered calls. The seasonality is so bullish this time of year I do not want to limit my upside with covered calls. In addition I have 10 swing trade longs and looking to add more if they trigger. These swing longs trigger and then either hit a stop and lose or take off and I ride them selling half when I have made about what I have risked and then use a trailing stop on the remaining half. This has worked out well for me but the most important thing in the process is the universe of stocks you are choosing for swing trades.
One tip I want to give you this morning. Its now time I think to start getting long Oil stocks. I have not decided which ones I want to dabble in but I have gotten long USO in my portfolio. But its a starter position right now. But its something you should be looking into. There is no way of knowing where the bottom is but scaling in with a quarter position at a time is not a bad way to handle it.
If you want to follow my swing trades just send an invite to RICKJSWINGS for a two week free trial.
For those of you whose trial is running out you can sign up for 24$ a month through Paypal. Just send to my email address: riccja3@gmail.com
RickJ
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)
Private Twitter: Rick_sports
