The Lock Talk - Newsletter #16

TOPIC OF THE DAY
4 LEVELS OF MONEY🤳

1. $50k+ = Survive: Cover basics 💡

2. $250k+ = Status: Flourish and showcase 🌟

3. $500k+ = Freedom: Break chains, own choices 🗝️

4. $1MM+ = Purpose: Impactful, values-aligned wealth 🌐💰

Where are you in the 4 levels of money, and you agree with this chart above?!

SPORTS BETTING TOPIC OF THE DAY
VALUE BETTING 😎😎

• Definition:

  • Value betting seeks bets with a higher probability of winning than implied by bookmakers' odds.

• Implied Probability:

  • Odds express the bookmakers' implied probability of an event occurring.

    • Negative odds: Odds / (Odds +100) * 100 = Implied Probability

    • Positive odds: 100 / (Odds +100) * 100 = Implied Probability

• Identifying Value:

  • Value occurs when a bettor's estimated probability is higher than the bookmaker's implied probability.

  • Positive Expected Value (EV) signals a potential value bet.

• Example:

  • If bookmakers offer odds of 3.00 (implied probability 33.33%) and a bettor believes the event has a 40% chance, it's a value bet of 6.7%.

• Risks and Considerations:

  • Uncertainty in sports predictions is inevitable.

  • Proper bankroll management is essential.

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NBA 1Q TREND
TOP 3 WORST 1Q ATS TEAMS - FADE ALERT!

1. Lakers 0-8

2. Mavericks 1-7

3. Grizzlies 1-7

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