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 Post subject: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 3:26 pm 
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Well, Pappy wins it. He had the Pats. Can't wait for the video tomorrow. He still sucks.


Last edited by Beardown on Mon Oct 20, 2008 9:35 pm, edited 1 time in total.

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 3:28 pm 
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Hey!
He had a +500 winner yesterday!
Who the hell are you to question him?

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 5:16 pm 
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I say Pats win by a touchdown. don't you guys know that Brady is a stud?

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 5:31 pm 
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Great Analysis as well: Pats win by 7

What a great service!


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 7:28 pm 
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I thought he said rule #1 was not to chase. He has upped his bets from 100 units to 300 units after a bad weekend. This is a textbook case of chasing. I'm not saying, I'm just saying.

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 7:34 pm 
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Chus wrote:
I thought he said rule #1 was not to chase. He has upped his bets from 100 units to 300 units after a bad weekend. This is a textbook case of chasing. I'm not saying, I'm just saying.


Maybe, but how much is a unit worth, and is he really betting on his own picks, or just throwing some crap on the site, and charging his most loyal followers?


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 7:35 pm 
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Does anyone else not understand the whole unit thing? Does one unit = one dollar of fake money?

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 7:36 pm 
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Boilermaker Rick wrote:
Does anyone else not understand the whole unit thing? Does one unit = one dollar of fake money?


I'm guessing it's fake money.

I'm also guessing that we don't hear about the 500 units Mike loses, but you do hear about the ones that he wins (even if he loses the rest of his card, so that he can give misleading information on his performance).


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 7:56 pm 
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Boilermaker Rick wrote:
Does anyone else not understand the whole unit thing? Does one unit = one dollar of fake money?


A unit means whatever you want it to mean. 1 unit could equal a dollar, or it could equal $500. Usually people talk about making 1 unit, 2 unit, 3 unit, etc. plays, not 100 units at a time, although I suppose you could do that. However, seeing as how he's not deducting juice anyway, I don't know why he doesn't just drop the "multiply everything by 100" scheme.

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 8:04 pm 
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so units could be schrutebucks or stanleynickels. which means the exchange rate could be different depending on what the tout wants his stat line to look like.

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 8:06 pm 
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Irish Boy wrote:
Boilermaker Rick wrote:
Does anyone else not understand the whole unit thing? Does one unit = one dollar of fake money?


A unit means whatever you want it to mean. 1 unit could equal a dollar, or it could equal $500. Usually people talk about making 1 unit, 2 unit, 3 unit, etc. plays, not 100 units at a time, although I suppose you could do that. However, seeing as how he's not deducting juice anyway, I don't know why he doesn't just drop the "multiply everything by 100" scheme.


Good break-down. Most people, on betting forums, say they are betting 10 units or 25 units on a big play. Certainly not 500 unit plays with any frequency.


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 8:25 pm 
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Right Irish Boy. Everybody does their units as 1,2,3, 4, 5. Five being the highest play. One being the losest play. Each gambler determins the denominations based on his bank roll or what he's comfortable with.

I don't get Pappy's thing. I suppose it's the same thing but nobody does it his way. He should say what his max is on his site. I suppose it's 500 units.


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 8:36 pm 
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When he does these units, everything pays off at a 1:1 ratio. So if he bets 100 units on the Devil Rays to win game 1, and say they are a -150, he claims that he has a profit of 100 units when in reality he would only win 75 units. The same with football lines (the majority of point spread bets are at -110 units) where he is betting 100 units, he should be winning 91 units. I do not know, however, if he bets say a boxing match where the guy is +480 if he will claim a 480 unit victory on a 100 unit bet, or if he just says he won 100 units. Jen Jen is their boxing expert and she hasn't made a pick yet, so we'll have to wait and see.

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 Post subject: Re: Pappy's Monday Pick
PostPosted: Mon Oct 20, 2008 9:20 pm 
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Exacly. I'll bet when he bets a dog in baseball. Say +250. He'll claim 250 units on a 100 unit play. Like you said, not for the favorites.


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 Post subject: Re: Pappy's Monday Pick
PostPosted: Tue Oct 21, 2008 12:38 am 
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newper wrote:
When he does these units, everything pays off at a 1:1 ratio. So if he bets 100 units on the Devil Rays to win game 1, and say they are a -150, he claims that he has a profit of 100 units when in reality he would only win 75 units. The same with football lines (the majority of point spread bets are at -110 units) where he is betting 100 units, he should be winning 91 units. I do not know, however, if he bets say a boxing match where the guy is +480 if he will claim a 480 unit victory on a 100 unit bet, or if he just says he won 100 units. Jen Jen is their boxing expert and she hasn't made a pick yet, so we'll have to wait and see.


I don't want to be too nitpicky, but at -150, he wouldn't win 75, he'd win 66.7. In baseball you can be super-abusive with the "no juice" rule, but even in football those little quantities add up. Look at it this way: let's say his "500 unit play" was -110, which most bets are. He'd win 90.9 for every 100 bet, or 464.5 instead of 500. That's a huge difference in the long run.

Or for another example, let's say he has 100 wins and that all those wins were -110 and "100 units" (I know unrealistic, but bear with me.) Under Mike's system he'd have won 10000 units minus whatever he lost (100 * 100 = 100000). But at -100, you only get back 90.9, so the true value is 9090 (100 units * 90.9 = 9090), or 910 units less than he claims. That's why you can't just hit 50% in football; you need to hit 53% to stay profitable.

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