I bet around 10 games a day but I use 1% of my bankroll for a unit.
Is betting 3 % per game, betting 5-10 games per day too much over the long-term?
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Naz18SBR MVP
- 09-10-09
- 4277
#36Comment -
SawyerSBR Hall of Famer
- 06-01-09
- 7759
#37
People think you will make more money if you hit %55 over 100 games then %60 over 40 games. This is wrong. Of course, you'll make more money if you can hit %60 over 40 games!
Odds are -110 (1.91) and you're bettin flat.
Risking 100 to win 91.
You play 100 games, hit rate is %55. You play 100$ per game so you risked 10,000. You picked %55 Winners.
55 x 1.91 = 105.05
105.05 - 100 = 5.05
5.05 x 100$ = +505$ Net Profit
You play 40 games and your hit rate is %60. You risked 10,000 above so when you play 50 games with 10k, it makes 250$ per game.
40 Games, 24 Won, 16 Lost.
24 x 1.91 = 45.84
45.84 - 40 = 5.84
5.84 x 250 = +1460$ Net Profit
Selectivity is the key guys. The guy who play less games with better winning percentage will always make more profit on the long haul.
Last edited by Sawyer; 03-22-10, 05:29 AM.Comment -
crownonthegroundSBR Hustler
- 01-17-10
- 92
#38I try to not go over 2% if it's a 10 game dayComment -
Dark HorseSBR Posting Legend
- 12-14-05
- 13764
#40This is wrong. You'll always make more money if you're selective and have a better winning percentage.
People think you will make more money if you hit %55 over 100 games then %60 over 40 games. This is wrong. Of course, you'll make more money if you can hit %60 over 40 games!Comment -
PAULYPOKERBARRELED IN @ SBR!
- 12-06-08
- 36581
#41If you are betting 10 games a day I can't help you cause this is not my style I only bet 1 to 2 games per day if that but have a much higher win rate because I'm very selective on my final choice most of the time I don't have my final decision made until last possible minute so I am able to successfully wager 15% of my bankroll per wagerComment -
SawyerSBR Hall of Famer
- 06-01-09
- 7759
#42You will have a much better winning percentage if you're playing 2-3 picks/day.
Your winning percentage will be worse if you're playing 10-20 picks/day.Comment -
SawyerSBR Hall of Famer
- 06-01-09
- 7759
#43
Total risked Unit will be 10,000.
100 Games, 60 Win, 40 Lost.
You played 100 Games, since Total Risked Unit is 10,000 you're risking 100$ per game. (100 x 100 = 10,000)
60 x 1.91 = 114.6
114.6 - 100 = 14.6
14.6 x 100$ = +1460
2000 Games, 1080 Win, 920 Lost.
Total Risked Unit should be 10,000 so if you're picking 2000 games, you will place 5$ per game.
1080 x 1.91 = 2062
2062 - 2000 = 62
62 x 5$ = 310$
Conclusion: 310$ vs 1460$, LoL!Comment -
Dark HorseSBR Posting Legend
- 12-14-05
- 13764
#44You're laughing, so I'm assuming that you're not serious.Comment -
magynuckSBR Wise Guy
- 09-17-09
- 891
#45Sawyer you are wrong and dispensing false information and unfortunately some people might believe you. It goes without saying that you will have a better ROI betting less games but as Don pointed out the goal is to make more money. IF you can recognize when you have a +EV situation then you bet it. The more you are able to find the more money you make. Anybody who cannot understand this concept has no future.
Your example with numbers will be added to my repertoire while teaching on how to use numbers to deceive. It did make me laugh out loud though. In the first example you prove that you will make more money betting $250 a game versus $100 and in the 2nd $100 versus $5.Comment -
donjuanSBR MVP
- 08-29-07
- 3993
#46Sawyer,
Thanks for the good laugh to start my morning. Now do the same thing with the same or similar wager sizes.Comment -
PeepSBR MVP
- 06-23-08
- 2295
#47It goes without saying that you will have a better ROI betting less games
It is on some of my stranger bets that look very iffy that I have made the most money (had the highest return on investment). I have found it is usually the case that "if it looks too good to be true" it probably is trap city.Comment -
SparJMUSBR MVP
- 02-18-10
- 1648
#48I think 3% oer game is a little high. I would recommend betting 1% of your bankroll on most games. Set reasonable expectations for yourself. Betting too much will sink you quick.Comment
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