Friday, July 06, 2007

Well, it's been one month (30 days) since I started tracking my software-generated baseball bets online. In that time my bankroll of $200 has increased by a whopping $15.48. Blog-wise, this is an entirely annoying result. It's neither good enough to brag about nor disastrous enough to be comical. Significant profit would have been nice, but a total collapse leaving me penniless and shirtless from virtual betting would have at least been a good story if not an unpleasant visual image.

Still, it is 7.7% profit in one month, which is better than the S&P 500 or the Nasdaq composite index did in that time frame. A savings account would have paid out less than half a percent over that same period. The fact that the recommended bets turn any sort of profit in a casino that takes a 10% cut is a consolation of sorts.

I ain't quitting my day job though.


tinyhands said...

I think the fact that you were only using $200 in pretend money means that your results are also only pretend. If you want statistically meaniful results you should cash out your 401k, liquidate any insurance policies, and take out a home equity loan. Go all in. What are you, chicken? I double-dog dare you.

Mike said...

I'll go halfsies with you.