Bankroll Management - My Approach

[Division]

I'm curious what bankroll management / staking plan people use. I have outlined my approach below but am interested to hear from other bettors how they approach bankroll management.

I have a very specific betting style which means greater than 90% of my bets are in a few specific markets and the odds are generally within a tight range.

Given my bankroll = €X

I will bet a fixed percentage of Y%.

When my bankroll increases or decreases by Z% I will recalculate my bet of Y%.

Within the Range of X-Z% or X+Z% all my bets will be for the same stake.



I'll give an example:

(1) Bankroll = €1,000

(2) I bet a fixed percentage of 2% = €20

I will continue to stake €20 on all my bets until my bankroll hits either €910 (-9%) or €1,100 (+10%)

Once I hit either of these thresholds I will bet 2% of that amount until my bankroll either increases by 10% or decreases by 9% and so on.

The larger your bankroll the smaller your stake percentage and win/loss thresholds should be.



How do you approach this?

[CamNewtonOutfit]

same sort of thing but i use a much larger amount of risk of course not 100% but something a lot higher than 2% until the liquidity in the markets dries up, good thing for ES futures it trades 100 billion a day lol.

[High3rEl3m3nt]

Not practicing it at the moment, because I am slowly climbing my way out of a rough patch, but I prefer half kelly. Sort of the same concept that you are following, but you include odds and your estimated edge.

[Division]

A half kelly is a very aggressive staking plan. I would not be comfortable risking that amount of my bankroll on an even money shot. The bad run is coming sooner or later to all of us and betting at that level will cause a lot of damage to your bankroll.

[RangeFinder]

My opinion, 1.5% is more like it as long as you are playing with an edge.

[tklemans]

Playing with an edge is infinitely more important than % per play.

[HeeeHAWWWW]

Playing with an edge is infinitely more important than % per play.

You can have any edge you like, but if you bet >2x Kelly you will lose money longterm. I'd guess most people with an edge fall into that trap.