The $100 Experiment: First night in the black

EliteXC: Unfinished Business was my first successful night of MMA gambling.  I didn't make much, but this first victory still feels good.  Here's a rundown of how my wagers ended up:

Lawler vs. Smith, $2.50 on Lawler @ -240.  Won $1.04.  Based on their first fight, I was confident that Lawler would take this fight, and he came through with some crushing knees and a KO of Smith.  This was the bet I was most confident about, and winning some dough on it is a pretty big confidence booster.

Shields vs. Thompson, $1 on Thompson @ +260.  Lost $1.  I thought Thompson had a decent chance to win this fight.  His performance against Eddie Alvarez showed him to be a very game competitor.  Too bad he got completely smashed by Shields.  On the plus side, I only lost a dollar.  I don't feel too sad about this wager.

Reis vs. Caraway, $2 on Reis @ -150.  Won $1.33.  I made this bet after reading a lot of hype about Reis.  I couldn't find much footage of either fighter, so it was mostly a shot in the dark.  Glad I won, but it wasn't the safest bet.

By the end of the night I was up $1.37.  Not great, but again, my first night making a profit, so I'm pretty happy.

Since the start of this experiment, I've put down 12 bets, with a total record of 5-7.  I've wagered $23.50 in total, and my bets have paid out $15.99, making me down $7.51 in total, with a bankroll of $102.49.  With each event,  as I get more comfortable with the wagering system and my own intuition with regard to seeing value in fights, I'll slowly increase the amount I put down on each fight, with a hard limit of 10% of my bankroll on any single fight.  UFC 87 looks to be an exciting card, and I'm crossing my fingers, hoping Bodog posts good lines... right now, I see KenFlo as an incredible deal and I managed to jump in with a $4 bet @ -140.  As always, let me know your thoughts, comments or criticisms!