(Well, this sure didn’t help. Photo courtesy of UFC.com)
After my meager success at WEC 39, I decided to up my wagers just a little with the hopes of getting my profits into double digits following UFC 96. The results were…mixed. Here’s how I did, in case you’re keeping score of my finances at home.
Bet: $50 on Shane Carwin at +140
Result: Won $70 profit
What I Learned: Plenty of you told me I was crazy for betting on a guy who was undefeated against bunch of scrubs. One of you even claimed Gabriel Gonzaga would have beat Randy Couture if not for a headbutt. But I went with my gut and profited. So there. Who’s the jackass now? You are. You’re the jackass. I’m the guy with an extra seventy bucks in my pocket. I’ll be at the strip club if you need me.
Bet: $20 on Jason Day at +160
Result: Lost…badly
What I Learned: I was essentially betting against Kendall Grove here, because when has he looked impressive lately? The answer to that question is, on Saturday night when he dropped Jason Day and then elbowed him until Day’s eyes went white. Maybe betting against a guy who knows he has to win or get fired isn’t such a good idea after all.
Bet: $20 parlay on Carwin + Day + Hamill + Vera
Result: Day screwed me.
What I Learned: Goddamn Jason Day. He’s the only thing that stopped me from winning $211.24. This is my second straight parlay bet ruined by one bad pick. Though I guess that’s why the parlay is both profitable and risky. I’ve got to start playing these a little more conservatively. Maybe I shouldn’t be making these bets after drinking all day.
Net Result: Started with $90, ended with $80. Thanks, Jason. That’s the last time I put my faith in a Canadian whose initials are not GSP. And I felt so good for calling the Carwin fight. I’ve just got to put this behind me and come back strong for the next event. In the meantime, can I borrow twenty bucks?
Edit: Wow. For those of you still arguing over this, I went back and checked by BetUS numbers (which is harder than it sounds because by now there’s tons of decimals and odd number from a year and a half of MMA bets) and I did come out $30 ahead. Still with $80, but only if you consider $50 as the starting point. In other words, I’m better at this than previously thought, Jason Day notwithstanding. Still just as bad as previously thought when it comes to math, though. Now the question is, what to do with that extra thirty bucks? Let it ride. That’s what. Word.
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commentsFor everyone who actually thinks $80 is correct, here is another way of looking at it:
He had 3 completely independent bets: $50, $20, $20, a total of $90.
1) bets $50, profits $70, meaning return $120
HERE'S WHERE EVERYONE SCREWS UP
He now has $120, $20, $20 to his name => $160
2) bets $20, loses $20, now has $140
3) bets $20, loses $20, now has $120
Final $120 - $90 = $30 profit
This is just an alternative way of looking at what several other people said: ( 50 -> 120, 20 -> 0, 20 -> 0, 90 -> 120)
I think the problem is a lot of the people that don't get it have never gambled on sports before. For those of us that have it's pretty f'ing simple. You don't count the money you put down, that's your money that you already had. Assuming the odds are dead even and you make a 50 dollar bet you win 50 dollars not 100. If you lose the bet you lose 50. Pretty simple stuff.
It's like if you make a 20 dollar bet with a friend. If you win you don't hand him 20 bucks and then he hands you 40 and you're like "I won 40 bucks!" He just gives you a 20.
30 dollars of profit- correct
80 dollars of profit- dumbass
The anonymous above me is correct.
I shoulda put my money on Carwin=/ Damn
-50-20-20+50+70 = 30
Reasoning: Dished out 50, 20 and 20, got back his 50 and won 70
Note: 30 dollar profit
WRONG:
50+70-20-20 = 80
Reasoning: Got his 50 back and won 70, lost his 20s
Note: Getting his 50 back is not revenue, it just brings him back to 0
WRONG:
50+70 = 120
Reasoning: He won 70 on his 50
Note: The 50 is not revenue and he also lost 20 and 20
He lost the 40 bucks on his 4 fight parlay and Grove fight.
He made 70 dollars on a 50 dollar bet getting his 50 back which equals 120.
120 dollars minus the lost 40 = 80. God I hope you guys aren't from America, you make us look retarded.
If you look at the play by play cagepotato did of the fights there is a part where they talk about the ufc video game commercial and say that it shows page powerbombing jardine. Then they said they didn't know that ever happened in mma. Just taking a shot at them for saying something dumb because they were dead on with the Carwin prediction that I disagreed with. Guess you had to be there...
He bet 50+20+20 = 90 (easy right)
He won 120 on carwin (his original 50 + 70)
Why would they take away another 40 if you already did at the start
120 - 90 = 30
120 gross
30 net profit
seriously think about it a little, if he bets twenty, he doesnt get it back, no shit, why would that get taken of his gross amount twice
That equates to about eighty Washingtons that will be invested into multiple strippers' buttcracks this coming weekend.
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