Is 5 % per game too much?

**the shadow** · 12-24-09, 01:43 AM

Don't let them shit you.
A 100,000$ bankroll you bet 1% PER GAME
A 1000$ bankroll you bet 10% PER GAME

**JohnAnthony** · 12-24-09, 03:36 AM

I just recently stopped being a degenerate and started looking at Bankroll Management. I started with 3% and thought I'd NEVER ever go busto, piece of cake - 90 days later my account was nearing zero. Try a 0-14 run and tell me if 5% is too much.

**20Four7** · 12-24-09, 06:16 AM

Originally posted by the shadow

Don't let them shit you.
A 100,000$ bankroll you bet 1% PER GAME
A 1000$ bankroll you bet 10% PER GAME

I am assuming that the 1000 roll is replaceable therefore more risk is required to build it. However the 100K roll isn't as replaceable so a conservative approach is required. The approach you take after getting a big roll is only as good as the approach that gets you there. Why not all in until you get to 10K then cut back? What you say seems to rely more on short term luck than capping skillz.

**Ruifgalmeida** · 12-24-09, 11:19 AM

65% you cant be serious in the long run 55% is a serious number, 65% is impossible

(unless you are betting on high favorites with low odds)

**Justin7** · 12-24-09, 12:30 PM

If you're hitting 54% betting a lot of sides and totals, you're a god.

For everyone else, your max bet should be about 3%. If you don't have a method to compute your edge on your big bets, your max bet should be no more than 1% (or you shouldn't even be gambling).

**BigdaddyQH** · 12-24-09, 02:10 PM

20four7 makes a very good point. The amount you wager in any gaming situation, be it a book, poker, blackjack, or even the slots, should not matter. The approach that gets you there is what is critical. I play a lot of Blackjack. I know all the rules, all the odds, and all the different types of plays you can make. Whether I wager $5.00 or $500.00 does not affect the way I play any given hand. It is the same way in any gaming situation. The odds are always against you, unless you cheat. Minimizing those odds and knowing when to get out are the keys to success in any form of gambling. What you have to realize is that gambling is a series of streaks. Winning streaks, losing streaks, and spinning your wheels streaks. The time to bail out is after a winning streak has ended.

**BigdaddyQH** · 12-24-09, 02:17 PM

Originally posted by Justin7

If you're hitting 54% betting a lot of sides and totals, you're a god.

For everyone else, your max bet should be about 3%. If you don't have a method to compute your edge on your big bets, your max bet should be no more than 1% (or you shouldn't even be gambling).

I agree that hitting 54% make you one of the few who can make a couple of bucks, but the truely successful gamblers are going to it 57% or more. Now granted there are not a lot of people who can average out to 57% over a given period of time (5 years or longer), but there are some of us who can, and we are the people who consistatly take money from the vast majority of gamblers out there. Like anything else, there are peaks and valleys. This year, our syndicate will hit over 60%. Next year, we may be lucky to break even. But over a period of time, we average over 58%, and that is profitable. Remember, if you truely want to be successful, patience is a key ingredient. Patience, and a constant urge to make yourself a better 'capper by reading and determining who may know something you do not. It could be a simple fact about a game, or it could be an entire system. There is no substitute for knowledge. No one (and I have known some of the greats) hit 100% of the time. All the greats that I knew always had a thirst to learn more about their profession.

**louis.ana** · 12-25-09, 01:48 AM

Originally posted by wesleysnipes

My strategy is 1-3 games a day= 5 % per game, and 4-6 games a day= 3 % per game. These are selections hitting 57-60 % long term.

Anything under 20% of your bankroll a day is fine if you think you know what you are doing. Gotta have some balls to have a profitable day.

**blix177** · 12-25-09, 03:23 AM

Depends on the likelyhood of winning the game too. Boise St. Vs New Mexico ML and you still bet 1% you will win 1%/50000. Whereas betting 1% on New Mexico ML would be too insane too.

**bball4life700** · 12-25-09, 03:27 AM

I bet 40%. Not a good strategy.

**Peep** · 12-25-09, 10:25 AM

Originally posted by JohnAnthony

I just recently stopped being a degenerate and started looking at Bankroll Management. I started with 3% and thought I'd NEVER ever go busto, piece of cake - 90 days later my account was nearing zero. Try a 0-14 run and tell me if 5% is too much.

No sh*t.

I think a few (maybe more than a few) guys in this thread need to experience that for themselves though before they will believe it could happen to them.

**wesleysnipes** · 12-25-09, 10:35 AM

Follow a reputable sports handicapper, and that wont happen!

**BigdaddyQH** · 12-25-09, 11:37 AM

Originally posted by Peep

No sh*t.

I think a few (maybe more than a few) guys in this thread need to experience that for themselves though before they will believe it could happen to them.

Excellent post Peep. People think that it can never happen to them. I once saw a guy drop 22 straight hands of blackjack. If he had 20, the dealer hit 21. If he had 19, the dealer hit 20. Just one of those things, but it happened. It can, and WILL happen to you eventually if you play this game long enough. Look at any spreadsheet in here. You are going to see streaks both good and bad. The key is to be able to survive the bad streaks. That's where money management comes in.

**eberetta1** · 12-26-09, 02:13 AM

sounds right, in a perfect world, i like to stick to 3 percent if possible. if you only have 30 bucks in an account that you won in a Beat the Prick contest, and the book allows minimum 5 buck bets before juice, you don't have much choice.

**Wrecktangle** · 12-26-09, 11:24 PM

Kelly Criterion, Google it.
Bayesian Priors, Google that.
Together & done properly (and you can handicap) gets you > 5%
'nuff said.