Wednesday, October 22, 2008

What Is Picks That Cover????

Picks That Cover is the home of me: the one and only Johnny December. This blog has been created to track the success of my sports betting picks and force me to become disciplined in my handicapping so as not to let you my readers down. Here is everything I want you to know regarding my blog:

  • This blog is for entertainment purposes. I am simply providing information and my views on which teams will cover. Any use of my recommendations is at the discretion of the user and I am not saying to bet these sides; always do your own research and due diligence.
  • Initially this blog will consist of picks covering strictly Men's NCAA basketball, the sport that I believe I have the greatest +EV.
  • I will post my picks as soon as I have a play on a game and at the line that I am able to get at that time.
  • I will try and provide a write-up explaining my logic for each pick but will not guarantee this.
  • I believe in proper bank roll management and urge never betting more than 2% of ones bankroll on any single game.
  • I also recommend always betting the same amount on each game (one unit per contest). Yes, employing Kelly’s Criteria will result in greater maximization of profits; however this is if and only if one can quantify the exact amount of edge that they have in each game and I am not sure this is possible. Once you start to vary the number of units per game the only games that really matter are the high unit games.
  • My picks will not always cover and there will be winning and losing streaks. The goal is to grind a wining percentage greater than 53% (the break-even point with 10% juice) over a large number of games. I am strictly concerned with generating profits and not winning percentages.
  • The most important element to my handicapping formula is the eye test. I need to watch the teams and get a feel for them so things could be dicey in the early part of the season.
  • Never bet more than you can afford to lose.
  • Always shop for the best line.