1. 02-08-09 08:07 PM #1
    NickBaragona
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    Bankroll management?

    I am curious how much others wager on a single average game. Right now, I am looking to wager about 3% of my bankroll on a game. So if I bet 4 or 5 games in a day, thats 12% to 15% of my total bankroll. Am I wagering too much?
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  2. 02-08-09 08:28 PM #2
    B1GER1C828
    Bostoneric
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    meh, not really, advised is 1-2%, but 3% wont kill ya
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  3. 02-08-09 08:33 PM #3
    NickBaragona
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    I read somewhere that if betting units, make it 1-5. A 1 unit being 1% of your bankroll, a 5 unit being 5% of your bankroll, ect. And if you aren't betting units, just make it 3%.
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  4. 02-08-09 08:52 PM #4
    Peep
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    If you are winning (say 55% or better) most anything works. If not, nothing can save you.
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  5. 02-08-09 11:26 PM #5
    NickBaragona
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    Well I believe that wagering too high can prove harmful. (One bad week could devastate your bankroll).
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  6. 02-08-09 11:40 PM #6
    DukeJohn
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    I bet .7% - 3% just fyi... mostly around the .7% range...
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  7. 02-09-09 12:27 AM #7
    Peep
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    You can believe what you like, as can I.

    IF you are a winning player, it will workout. What DukeJohn says is not unreasonable, if he has a good percentage. When they were talking about a Kelly here a month ago or so, it was mentioned that a 55% handicapper should bet 4% to 5% of his bankroll per play to maximize advantage (according to the the Kelly). I don't like betting that much myself, I am more comfortable at 2%. I hate big swings.
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  8. 02-09-09 12:17 PM #8
    roasthawg
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    I bet between 1/35 and 1/40 of my roll every game...2.5%-2.8%. I have up to 20 bets in a single day when the NFL and NBA are both being played simultaneously, nbd.
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  9. 02-09-09 03:58 PM #9
    LT Profits
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    99% of my plays are for 2.5% of BR, the odd best bets anywhere from 3% to 5%.
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  10. 02-23-09 10:49 AM #10
    eyeball
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    Is it better to place one bet a day or 1-5?
    Is ther not less juice with less bets?
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  11. 02-23-09 11:05 AM #11
    Peep
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    Quote Originally Posted by eyeball View Post
    Is it better to place one bet a day or 1-5?
    Is ther not less juice with less bets?
    Same.

    You just to where you are going to faster making five bets a day.

    Juice is calculated per bet, so same there too.
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  12. 02-23-09 11:43 AM #12
    eyeball
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    Quote Originally Posted by Peep View Post
    Same.

    You just to where you are going to faster making five bets a day.

    Juice is calculated per bet, so same there too.
    So how about this one bet per day at 200, and 3 bets per day at 50.. which has a higher percentage>
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  13. 02-23-09 12:10 PM #13
    Peep
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    So how about this one bet per day at 200, and 3 bets per day at 50.. which has a higher percentage
    They would be the same also, if you bet the same amount of money. at -110, "standard juice", you would put up $220 for your $200 bet, or put up $55 X3 for your $50 bets. Juice/hold is somewheres around 4.54% for every dollar bet as I remember it.
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  14. 02-23-09 12:22 PM #14
    LT Profits
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    Quote Originally Posted by eyeball View Post
    Is it better to place one bet a day or 1-5?
    Is ther not less juice with less bets?
    You should bet any game you have an edge on, so if you end up with 2 plays or 49 plays, so be it.
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  15. 02-23-09 01:05 PM #15
    eyeball
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    Ok I got it thanks for your help
    Makes sense
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