Hi.
I have been betting on a daily basis for 15 full months and, unfortunately, after 10 winning months (out of 12) I have bumped into a consecutive 3-month losing streak that made me reconsider my betting approach and bankroll management.
I am using level stake betting, risking 2% of my bankroll on each bet. I make around 220 bets per month, apart from June-July when most leagues are on vacation so my bets are around 30-40. Weekends are the most busy days (as expected) with about 25-30 simultaneous bets on Saturdays and around 20 simultaneous bets on Sundays.
Up to now, I recalculated my 2% bet size after 1000 bets (i.e. after 4 months) but this 3-month losing break almost lost me my entire bankroll since I ended up betting a very big percentage of my roll.
Thus, I was wondering, when is the best time to recalculate this 2% per bet as the bankroll changes ? It is impossible to do it after each bet since I have 20-30 simultaneous bets every weekend. I was thinking of adjusting my bet size after each day, but I don't know if this is the best way to go : Losing streaks are followed by winning streaks and vice versa, so when a losing streak occurs (usually after a winning streak), I will start losing much money and also, when a winning streak comes (usually after a losing streak) I will be betting very few on each bet, thus resulting in a very slow comeback.
I was thinking of adjusting my bet size each month, but I am still not sure if this is the best way to go.
What's your opinion, based on my betting habits ?
Thanks !
I have been betting on a daily basis for 15 full months and, unfortunately, after 10 winning months (out of 12) I have bumped into a consecutive 3-month losing streak that made me reconsider my betting approach and bankroll management.
I am using level stake betting, risking 2% of my bankroll on each bet. I make around 220 bets per month, apart from June-July when most leagues are on vacation so my bets are around 30-40. Weekends are the most busy days (as expected) with about 25-30 simultaneous bets on Saturdays and around 20 simultaneous bets on Sundays.
Up to now, I recalculated my 2% bet size after 1000 bets (i.e. after 4 months) but this 3-month losing break almost lost me my entire bankroll since I ended up betting a very big percentage of my roll.
Thus, I was wondering, when is the best time to recalculate this 2% per bet as the bankroll changes ? It is impossible to do it after each bet since I have 20-30 simultaneous bets every weekend. I was thinking of adjusting my bet size after each day, but I don't know if this is the best way to go : Losing streaks are followed by winning streaks and vice versa, so when a losing streak occurs (usually after a winning streak), I will start losing much money and also, when a winning streak comes (usually after a losing streak) I will be betting very few on each bet, thus resulting in a very slow comeback.
I was thinking of adjusting my bet size each month, but I am still not sure if this is the best way to go.
What's your opinion, based on my betting habits ?
Thanks !