About last night…

Night 1 is in the books and, thanks to a late play on Boise St., SNL owes Vinnie “Hands” Moresci only juice for last night’s action.  This if fortuitous because Vinnie is not exactly your three-piece suit sort of investment broker.  He’s more the “lays-pipe-at-the-docks-and-works-for-the-Local Teamsters 132″ sort, if you get my drift.  So, when Tuesday rolls around, you show up at “Sal’s Fine Italian Food” and meet Vinnie not with excuses about how you grew up watching Spurrier fill the air with footballs and ring up the scoreboard like a pinball machine, but with the money owed, or else.  In exchange, Vinnie will gurantee to timely pay your “investment” winnings when applicable, or refrain from breaking you face (no, seriously), as the case may be.

For those of you who weren’t here last year, SNL will restate some ground rules for college football “investing” that you’d be wise to follow:

1.  Establish a per game “investment amount” you can live with and stick to it no matter how strong or weak you thinkyour investment is and no matter how far up or down you are.  The easiest way to do this is to set a dollar amount for the season and divide this amount by the number of weeks (roughly 14).  Further divide you weekly allotment by the number of investments you want to make that week.  For internet investors, investments can be as little as $1.00, for4 those meeting scary Italians in the back of bars, its usually $25.00 to $50.00.

2.  Invest only 1/2 this amount during weeks 1 and 2.  This will allow you to gauge the actual strength and weakness of this year’s squads.

3.  Straight investments only-no excuses.  The margins for the house on parlays and teasers are much wider, which is bad for you.

4.  Do not “Chase”, i.e do not make an investment late in the day to compensate for earlier losses.  If you liked the play that ,uch, you should have placed the investments earlier.  Chasing will lead to your demise faster than any single mistake you can make.

5.  Remember, it’s a marathon not a sprint.  SNL did employ a winning investment strategy until his third year of CFB investing.  Since then, SNL’s investments have yielded an average of 46% ROI (i.e. $1,000.00 in investments will return $1,460.00 after paying juice on losses). 

Now, run along you silly kids!!