As the calendar flips to October and summer shifts to fall, the world of sports is presenting us with a plate of action unlike any before it. Below is my sports betting picks recap for last week!
The Lakers and the Heat begin an NBA Finals that would normally have wrapped up months ago. The MLB playoffs, while starting around the same time, look very different, with 16 teams playing a best of 3 series in which anything can happen. College Football is back, in part, yet with the PAC-12 and Big Ten still to begin their shortened seasons. The NFL looks like itself at first glance, but a closer look reveals empty stands and our first postponed game with Tennessee and Pittsburgh. And in the world of golf, in what would normally be the offseason, the Masters still is over a month away.
These various tweaks have not slowed bettors down as New Jersey became a part of history in August. The Garden State set a national record for the most money bet on sports for the month of August with almost $668 million bet on events including MLB, NBA, and NHL seasons, which were all delayed by the pandemic.
New sportsbook apps are rushing to gain market share and get a piece of the multi-billion dollar pot. With greater options for where to bet and games from all sports filling the board, discretion becomes even more important. Bankroll management, which I preach over and over, must be strictly maintained. The train is powering ahead at warp speed and, if you are not careful, you will get run over.
The Garden State set a national record for the most money bet on sports for the month of August with almost $668 million bet on events including MLB, NBA, and NHL seasons, which were all delayed by the pandemic.
KrackWins Sports Betting Picks Weekly Recap
We have been working overtime to find every edge we can, and certainly September wasn’t all rainbows and butterflies. The good news is that the NFL has continued to excel and we expect good momentum in October. Overall, we went 14-15-1 (-3.2 units) last week. Our sole NHL play lost (-1 unit), as did our only PGA play (-1.9 units). CFB struggled again, going 2-5-1 (-6.1 units) with a few bad beats, including one for the books when TCU chose not to kick the extra point at the end of the game.
On the plus side, the NFL went 9-4 for the week (+6.1 units) and is sitting at a sterling 28-13 (+16.2 units) through the first 3 weeks of the season. MLB ended the regular season going 4-4-1 for the week (-.6 units). For the season, we went 53-32-7 (+20.1 units). We are very pleased with that result and wish that we would have had 162 games to profit. The Tampa Bay Rays to win the AL future is alive at +900, as is the Brewers in the NL (+3000), though a massive upset of the favored Dodgers will need to happen before we get too excited.
For our newer customers, I want to emphasize that variance happens and is a natural part of betting. Longer-term subscribers know this. It is rare, but we do occasionally have a losing month. In the last two years, we have had 2 such months (Sept 2020 -12 units and Feb 2020 -12.8 units), plus a virtually break-even month in May 2019 (-0.6 units). The other 21 months have been winning months with far greater profitability. The five month period from September 2019 through January 2020 delivered a total of +147 units. August 2020 delivered +27.5 units.
I am excited for October and all the great fall action that it will bring. Thank you for your loyalty and keep your focus on the long-game.