I am trying out a new strategy. I have never done this before or even back tested this. What I am really excited about trying is my newly thought of Power Ten money management strategy. It goes like this:
Take your total loss for a given wager or group of wagers, divide that number by 10, then add that result back to your previous wager, which gives you your new "to win" amount. Restart back to your initial wager whenever you are in a new profit. Whenever you win a wager, don't add or subtract anything. Just look to see if you are in a new profit. Keep the same "to win" amount if you are not in a new profit.
Example:
Wager 1: 12 to win 10 LOSS (divide 12 by 10....add 1.2)
Wager 2: 14 to win 11.20 LOSS (divide 14 by 10.....add 1.4 to 11.20)
Wager 3: 15 to win 12.60 WIN (repeat "to win" amount - not new profit)
Wager 4: 10 to win 12.60 LOSS (divide 10 by 10 add 1 to 12.60)
Wager 5: 16 to win 13.60 WIN (repeat wager - not new profit)
Wager 6: 20 to win 13.60 WIN (Profit of 3.8 - restart to win 10)
I think you get the picture. I will start with $1000 bankroll and $10 initial bet.
I will simply play the top 5 favorites each day. There must be a significant amount of games on that day. I will rank the top 5 favorites in order of odds. Each will have its own separate Power of Ten money management scheme.
I will post the plays starting on Tuesday
Take your total loss for a given wager or group of wagers, divide that number by 10, then add that result back to your previous wager, which gives you your new "to win" amount. Restart back to your initial wager whenever you are in a new profit. Whenever you win a wager, don't add or subtract anything. Just look to see if you are in a new profit. Keep the same "to win" amount if you are not in a new profit.
Example:
Wager 1: 12 to win 10 LOSS (divide 12 by 10....add 1.2)
Wager 2: 14 to win 11.20 LOSS (divide 14 by 10.....add 1.4 to 11.20)
Wager 3: 15 to win 12.60 WIN (repeat "to win" amount - not new profit)
Wager 4: 10 to win 12.60 LOSS (divide 10 by 10 add 1 to 12.60)
Wager 5: 16 to win 13.60 WIN (repeat wager - not new profit)
Wager 6: 20 to win 13.60 WIN (Profit of 3.8 - restart to win 10)
I think you get the picture. I will start with $1000 bankroll and $10 initial bet.
I will simply play the top 5 favorites each day. There must be a significant amount of games on that day. I will rank the top 5 favorites in order of odds. Each will have its own separate Power of Ten money management scheme.
I will post the plays starting on Tuesday
