In Sunday night's blog posting, we outlined the 3 possible scenarios that would conclude PickLogic's NBA season...sadly, the first scenario (that Monday night's pick would be a winner) didn't come to pass, so here's what we're facing, given that there's NO PICK for Tuesday:

1) There's a pick on Wednesday, and it's a winner. Everyone's happy, we move onto baseball, and the results to date look like this: up 11.6% for the NBA season, up 9.12% for 2008, up 1.8% for April, and up 84.7% all-time.

2) There's a pick on Wednesday, and it's a loser. Everyone's rather un-happy, as we proceed to cut our losses and "start over" with the first baseball pick of the season a few days later. The results at that point would look like this: up 0.35% for the NBA season, down 5.2% for 2008, down 9.95% for April, and still up 70.4% all-time.

(Note that there's a VERY slight chance that there won't be a pick at all on Wednesday, but with a full slate of games scheduled, that seems unlikely.)

The wager for Wednesday's game will be rather large: essentially, it'll be 7.5% of your "starting balance", so please plan accordingly. (If you had just 15% of your starting balance in your account at the start of this losing streak, you'd still have enough to make this wager without having to re-deposit...so hopefully, everyone is going to be OK with this one.)

For those of you that have been PickLogic members for awhile, this is nothing new -- just ride out the streak, and keep your account moving forward. For our newer members (anyone who has joined in the last 3 months, and hasn't seen a streak like this) -- it's important to keep following the recommended wagers; the money-management system breaks down if you start looking at it (and acting) emotionally. Just stay with everything, and -- if history is any indication (and it is) -- we'll all come out ahead in the end.

Good luck to us all on Wednesday, and we'll post again then. (And don't hesitate to send questions/comments to support@picklogic.com.)

Labels: history, money management, streaks