I haven’t posted in a couple of days, so I thought i would put something up. I am currently in the middle of a series, and going into the third game of it, so hopefully the “pick” will win tomorrow’s game (Jul 24)
I was just looking over the SportsBetting Champ site, and he seems to think there has only been three “losses” this season, as of Jul 23, 2008 (remember, a “loss” in this system is when the system pick gets swept in the series). I am almost certain that there has been four, possibly five. When he sends out his final tally (usually at the end of the season), I will have to compare that to my own notes and see. I will also then be able to play around with the results in a spreadsheet and try different betting strategies.
I will post more tomorrow when I know the final results of this particular “system” pick.
July 28, 2008 at 6:14 am |
is this guy for real. i have been gambling for a long time and never has seen numbers like this
July 28, 2008 at 3:01 pm |
Well, a “loss” under his system is when the system pick gets swept in the three game series. Unfortunately, if the system pick does not win the first game of the series, the bet escalates to cover the amount bet plus the original profit. If that bet loses, then the bet on the third (and final) game of the series is to cover your losses from the previous two games, plus obtain your target profit.
A single “loss” (or sweep of the system pick) will not make the whole season unprofitable, but it would certainly wipe out a lot of winnings.
I am still playing it out to the end of the season, but if you are looking at this system, I would pass it by. My personal feeling is that if a system cannot make a flat-bet profit, then it’s only a matter of time before you bust. If a system can make a flat-bet profit, then you can start playing around with different “staking” methods to achieve optimum results.
Personally, i am turning my attentions more towards Betfair and trading…
July 31, 2008 at 11:53 am |
silkbc:
I just stumbled accross Jim’s site and wanted to ask you about it. If I hear you correctly, the system is based on the statistical improbability of a team X being swept in a series by team Y? And you keep chasing X until they win? If they win a game in the series he counts it as a win, if they get swepted it’s a loss?
August 2, 2008 at 3:15 pm |
BB: That is correct. The team you are betting on has to meet certain criteria.
August 9, 2008 at 3:32 am |
The system is flawed. I happened to get involved around 2 months ago. John Morrison advised me to put as much money into this as I could and claim the bonus offered by Bet US. Now before I go into my results, I will say this. Within 5 minutes of registering, Bet US were on the telephoned constantly. I had about 3 or 4 agents pestering me on the phone to deposit my funds. I was offered all sorts of bonuses. Now I was told that because I was a John Morrison customer I was entitled to “special privileges”. This started the alarm bells running. I wondered why Bet US were prepared to offer untold bonuses to members of a profitable system. Why would any business actively encourage customers who are going to wipe them out. I put this question to John Morrison and he failed to respond. Now what you need to know is that if you take up the bonuses, you may get up to 55% of what you deposit. However, you cannot withdraw you initial deposit until you have wagered a certain number of bets. It works out at around $25,000 based on a $1000 deposit.
John also insists on your betting account details before he actually gives you anything. In other words, you pay $200 for his system and get absolutely nothing until you have desposited money into the betus account. You therefore have litte choice.
I was somewhat nieve and put in $1000. John told me to bet $100 bets. I made a conscious decision to bet $50 to be safe.
The first bet of my experience was a loss. You place an A bet on his selection winning. If it loses, you place a B bet (considerably more than your previous bet). If it loses you then place a final C bet. John states that the chance of losing a C bet is pretty much 0. Well, on my first bet, I lost my A B and C bet. Despite the selection being swept in a previous series and losing 2 games of the current series, the odds were still odds on and somewhere around 200. The C bet was thefore $400. The total loss for the series was over $600. These bets took place on the 18.7.08 to 20.7.08
My next 10 bets won but due to a depleted bank, the wins were negligible. The next series loss was on the 29.7.08. Again, significant losses of $220 after placing a low stake of only $16.
Had I followed John’s advice and bet at $100 stakes I would have been out of the game by the first 3 bets.
I have emailed John on numerous occasions asking for his comments. I asked him for a refund. No response. As part of his general emails to his members he also said that Bet Us were offering his customers another huge bonus if we redeposited. Again I ask, why would anyone want tot deposit more of their own money if the system was so protibable.
The “No questions guarantee” is absolute rubbish. John fails to respond. Don’t get me wrong, he will respond when you make enquiries but once you have enroled on his system, nothing. Stay clear.
My final comment is the maths. Assume each loss is around $1000 at $50 stakes. The current record as of the 9.8.08 is 46 wins (46 x 50 = 2300). 4 losses at 1000 = $4000. This amounts to an overall loss of $1700
August 9, 2008 at 3:21 pm |
Darren – Thank you for your insight. I actually agree with pretty much all you have said; I don’t believe it is an overly-good system, and for someone who does not like large swings in their bankroll, I would definitely not recommend this system. I am basically just finishing out the season, with a goal of winning $10 profit on each system pick, just to see what happens.
September 19, 2008 at 11:30 pm |
hi,guys
thanks guys for the alert ! i wanted to buy the system days ago. But i am still
interested in his system. If i buy this can i skip the BET US ? or I just put totally
flat-bet every time to make some profit ?
WTY you still keep the copy of the system ? I like to do some betting reserch too
so May I have the system ( I can pay some money if needed). So i can skip the bet us
people.
tianyudi@hotmail.com
September 19, 2008 at 11:37 pm |
Hi,guys
thanks for the alert! i wanted to buy the system days ago.
you guys saved me the money.but i am stll interested in the system.
Can i skip the bet us people ? may i just say no deposite to them ?
why don’t you just play the flat bet ? You still keep the copy of the system ?
I like to get a copy ( i can pay money if needed)
tianyudi@hotmail.com
good luck
September 20, 2008 at 7:19 am |
Bill/Mike – Thank you for your comments. To answer your questions…
1.) Skipping BetUS: You can skip the “Bet Us” people if you like; you can use whatever bookie you want, as long as they offer baseball wagering. Being in Canada, I was not actually able to sign up with ButUS, so I had signed up with LinkesMaker.com. I have since signed up with Betfair, and do alomost all my sports wagering there. The only reason I could see myself signing up with another online bookie is to take advantage of signup offers and arbitrage opportunities.
2.) Flat betting: The system involves betting on a 3-game series, and only needing one of those games to be a winning game for the system pick. Flat betting does not work in that case; you have to “chase your losses”
3.) Copy of system: I do still have a copy of the system, and in light of some enhancements by the author (detailed in another post), I actually plan on using it in the upcoming baseball season. I plan on paper-trading the upcoming basketball season to see what happens. Unfortunately, I cannot provide you with a copy of the system, since I am not an affiliate nor do I have re-sell rights. I may not agree with all systems I use, but I respect the author’s right to make a living, as this is not classed as a scam, in my opinion; just a riskier way to make a few bucks that others
-SilkBC