Is betting 3 % per game, betting 5-10 games per day too much over the long-term?

**doublej95** · 02-11-10, 07:52 AM

Depends on the size of your overall bankroll and how many games you are winning out of the 5-10 games. Example if your bankroll was $500 and you had a bad day 0-5 you would lose 15% of your bankroll, if you had a really rough day 0-10 you would lose 30% of your bankroll. Without knowing your winning percentage it is tough to say. In my opinion the 3% is a good average bet per bankroll, but betting up to 7-10 game range a day might be a little high. But if you are winning 55-58% of your games the game count would be ok.

**PAPSMEAR** · 02-11-10, 07:55 AM

i'd have a permanent migraine playing 5-10 games a day not to mention having a stroke from my blood pressure

**Wrecktangle** · 02-11-10, 08:10 AM

If you are asking this question, then yes, it is.

If you've done the math, and understand your advantage, you need not ask the Q.

**PAPSMEAR** · 02-11-10, 08:16 AM

putting the issue of percentage per bet to one side, playing 5-10 games per day = quantity over quality which is a recipe for disaster over the longer term IMO. I struggle to find 1 or 2 games where an edge is evident daily.

**wesleysnipes** · 02-11-10, 08:16 AM

yes i do win around 57 percent of my bets, so i guess it would be feasible. I am only 19 too, so at 21- me and the ladies will be in a ferrari sippin champaigne, listenin to michael jackson- "Beat it, beat it. No one wants to beat it, beat it. etc.... I may go down to 2 percent per game, but it all depends. Also i would encourage everyone to be diversified. Meaning with betting- be diversifed with the sports services you're with, as well as have other ways to make money- obvious way- job, maybe another investment, etc... Dont put all your eggs in one basket!!

**wesleysnipes** · 02-11-10, 08:20 AM

0-15 by the way, i've never seen my services do that. maybe bounce back and forth- 2-7, 5-6, somethin like that. but 0-15 unheard of with the services i use

**Ruifgalmeida** · 02-11-10, 09:12 AM

3% for 10 plays a day is insane, i would go with 1%.

**wesleysnipes** · 02-11-10, 09:15 AM

I could care less about the percentage 55 percent of 90 percent, all i really care about is return on investment. The less games you play, and the higher percentage you hit- the less money you make. The more games you play, and even if your percentage is lower- mid 50's, you'll make more money. So far for the month of february-(10 days) i have made a return of about 27 percent on my money. That would take 27 years earning 1 percent a year at a bank. So i must be doing something right. lol. Im used to winning now.

**wesleysnipes** · 02-11-10, 09:17 AM

I meant 55 percent or 90 percent.

**Shahbucks** · 02-11-10, 11:05 AM

Do the math dude. If your hitting a winning percentage then you want to be betting more games over the coures of a year.

**u21c3f6** · 02-11-10, 11:45 AM

Originally posted by wesleysnipes

any feedback...

IMO, there is not enough info to answer this question correctly.

3% may actually be too little dependent upon your actual edge(s) and win %(s) or of course it my be too much. My suggestion is to read about Kelly wagering. You don't have to actually use it, but understanding the concept behind it will help you determine if you are wagering too much.

Joe.

**bookie** · 02-11-10, 12:26 PM

Why did you ask the question if you already knew your answer?

**BigdaddyQH** · 02-11-10, 03:16 PM

The answer is simple. Wager more on fewer games. 3% is fine, if you wager 5 games. It is a disaster if you wager 10.

**roasthawg** · 02-11-10, 03:42 PM

3%'s fine if you're hitting 53.8% of your bets.

**blix177** · 02-11-10, 04:21 PM

The bankroll should give you an answer after 30 days. If your up, then it is not, if your down then it is.

**Arilou** · 02-11-10, 04:25 PM

3% is fine. In the worlds where 3% is too big, betting isn't even worth your time with amount of money you almost certainly have, since you then have less than a 3% edge on less than 3% of your roll, probably much less on both counts, and you clearly think your edge is bigger than that.

As for whether it's too many games, the amount the two factors interact is very small. Mathematically speaking you should care, but very little. The only question is whether you can pick that many winners and still have an edge on the least attractive game. You certainly shouldn't fall into the trap of limiting yourself to a set number of games per day, because a day is a meaningless unit. It's all one long game.

This all assumes, of course, that you are going to win. However, having looked through your other statements, my prediction is you are going to lose regardless of your bankroll management.

**wesleysnipes** · 02-11-10, 05:47 PM

You sure about that. "my prediction is you are going to lose regardless of your bankroll management." lol. I actually make money consistently with sports betting. so who cares what you say. my sportsbook tells me every day. lol.

**whatsgood5** · 02-11-10, 06:17 PM

It's very risky, but if you're a good bettor like you said, you'll be fine.

**blix177** · 02-11-10, 06:26 PM

Suppose you have $10,000, you wager 3%, of your bankroll per game and 10 games per day. Say your EV after juice is .5%. Let see how much you would make.

At the end of day....

Day 1: $15
Day 10: $153.42
Day 30: $484.2
Day 90: $1746
Day 180: $4362
Day 360: $15067
End of Year 2: $111379
End of Year 3: about $700,000
End of Year 4: About $4.3million
End of Year 5: About $27 million

Year 10: You own bodog, pinnicalesports, BetPhoenix, matchbook, bookmaker, Las Vegas, Macao

Each additional year is a factor of 7 give or take a bit.

**Collecting** · 02-11-10, 06:58 PM

Wesley, didnt you start a thread about this a month or so back?

**LT Profits** · 02-11-10, 07:19 PM

Originally posted by roasthawg

3%'s fine if you're hitting 53.8% of your bets.

THIS is the right answer. And the amount of games you bet per day doesn't matter as long as all of your plays are +EV. Remember that heavier volume is the advantage bettor's best friend, and if all of you plays have a 53.8% expectation vs. -110 lines, I would say the more plays the better.

**20Four7** · 02-11-10, 08:17 PM

Originally posted by Wrecktangle

If you are asking this question, then yes, it is.

If you've done the math, and understand your advantage, you need not ask the Q.

Pretty much sums it up.

**20Four7** · 02-11-10, 08:18 PM

Originally posted by PAPSMEAR

putting the issue of percentage per bet to one side, playing 5-10 games per day = quantity over quality which is a recipe for disaster over the longer term IMO. I struggle to find 1 or 2 games where an edge is evident daily.

If you watch lines daily, almost every line has value at some point during it's life. It is finding that value that is the problem.

**reno cool** · 02-12-10, 02:20 AM

Originally posted by wesleysnipes;3169681[[B

B]]yes i do win around 57 percent of my bets, so i guess it would be feasible. I am only 19 too, so at 21- me and the ladies will be in a ferrari sippin champaigne, listenin to michael jackson-[/b][/B] "Beat it, beat it. No one wants to beat it, beat it. etc.... I may go down to 2 percent per game, but it all depends. Also i would encourage everyone to be diversified. Meaning with betting- be diversifed with the sports services you're with, as well as have other ways to make money- obvious way- job, maybe another investment, etc... Dont put all your eggs in one basket!!

Originally posted by wesleysnipes

I could care less about the percentage 55 percent of 90 percent, all i really care about is return on investment. The less games you play, and the higher percentage you hit- the less money you make. The more games you play, and even if your percentage is lower- mid 50's, you'll make more money. So far for the month of february-(10 days) i have made a return of about 27 percent on my money. That would take 27 years earning 1 percent a year at a bank. So i must be doing something right. lol. Im used to winning now.

quit now

**SkivChef** · 02-12-10, 03:41 PM

check out jm and make some real cash dude

**frankbettor** · 02-12-10, 06:39 PM

is it too much? absolutely NOT. if you have identified a long term winner (from a profit standpoint) and you can plug all of those games into winning systems then bet whatever you want. most people are not disciplined enough to bet like this and because of that they are long term losers. if you are winning with that formula and it has been a proven formula don't change it!

**BettingWizard** · 02-12-10, 06:56 PM

you're only "playing too many games" if you're a long-term loser

**skrtelfan** · 02-12-10, 10:29 PM

I could probably find 5 bets a day on SIA worth betting 3% on if my bankroll was small enough that their limits weren't an issue.

**marcoforte** · 02-13-10, 08:00 PM

2.5% and you can withstand most any losing streak. Don't say 0-15 can't happen. In 30 years of playing the NFL, I've had a 2 or 3 0-10 weeks. That's when you thank your lucky stars for disciplined money management. When it happens, you remember those weeks more than the 9-1 weeks. Never had a 10-0 week.

**cala56** · 03-20-10, 01:55 AM

A future rich man

**MadTiger** · 03-20-10, 09:30 AM

Originally posted by Wrecktangle

If you are asking this question, then yes, it is. If you've done the math, and understand your advantage, you need not ask the Q.

I would have to agree. I would also add that for MLB, and sports in general, I would seriously consider whether you have 5-10 actual +EV situations to take advantage of each day.

**roasthawg** · 03-20-10, 12:29 PM

I do 2.5% and play a bunch of games everyday.

**donjuan** · 03-20-10, 10:00 PM

Originally posted by MadTiger

I would have to agree. I would also add that for MLB, and sports in general, I would seriously consider whether you have 5-10 actual +EV situations to take advantage of each day.

LOL.

**Rich Boy** · 03-21-10, 06:59 PM

There are hundreds of +EV betting options out there. Some will be blatantly obvious (see Bodog or SIA) and some will only be seen by experts in that field (smaller betting markets)