What is the rule of thumb for recalculating your amount per unit once bankroll has increased significantly?
recalculate $ per unit as bankroll grows?
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Cheese1976SBR Wise Guy
- 09-17-09
- 667
#1recalculate $ per unit as bankroll grows?Tags: None -
Masu485SBR Hall of Famer
- 08-14-08
- 7700
#2i usually have 100 plays then recalculate my unit, which is 1% of BR. other guys use Kelly.Comment -
Masu485SBR Hall of Famer
- 08-14-08
- 7700
#4yeah, first i withdraw 1% just as a little payment to myself. and then i recalc the 1% based on that new balance.Comment -
Masu485SBR Hall of Famer
- 08-14-08
- 7700
#5Kelly is basically betting based on youe edge. I don't use it as I don't know how to calculate my edge properly. Lots of math guys use it here. it is usually also a small % though, but if you are just starting out with money management, flat %s like what i do are simplerComment -
MrXSBR MVP
- 01-10-06
- 1540
#6The rule of thumb for maximizing growth with +ev bets would be to recalculate after every result.Comment -
blackboxSBR MVP
- 02-28-08
- 1415
#7Myself in baseball 2% of bankroll on each play-calculated after each day, much harder to do when you are playing ml favorites in baseball. I NEVER LAY MORE THAN -1.60- stick to your money management. glComment -
Cheese1976SBR Wise Guy
- 09-17-09
- 667
#8I suppose it just worries me to recalculate as soon as each play or each day, keeping streaks in mind. I've heard somewhere about recalculating at 50% bankroll increase points or even at 25%
Thanks for all of your adviceComment -
FreeFallSBR MVP
- 02-20-08
- 3365
#9I do it each day.Comment -
blix177Restricted User
- 09-20-08
- 1520
#10I go like this,
Range = bet size per unit
100-199, = 1
200-399, = 2
400-799, = 4
800-1999. = 8
2000-5999, = 20
Stuff start changing from here on out, as it becomes harder to replace a bankroll
6000-14999 =50
15000-19999= 100
20000-29999= 150
Haven't had to worry beyond this point yet. But bankroll to unit size will get progressively smaller as the bankroll increases. It should all be relative to your income. I.E long long is it going to take at your current income level to replace your bankroll.Comment -
SolidDalaSBR MVP
- 12-14-09
- 1696
#11Each day is a new day, recalculate betsize each day! This way when going in 5-7 losing bets your roll don't dramatically goes way down! % of bet depends on the size of your roll as it gets harder like blix says to replace a bigger roll, therefor protect it more!
Just like back in Merlins days: Protect the Castle harder than your smaller outposts and you can rebuild if getting attacked!Comment -
BIGDAYSBR Aristocracy
- 02-17-10
- 48245
#12I recalculate each day. It only takes a few more minutes each day.Comment -
ozrobSBR Hustler
- 03-09-10
- 50
#13set yourself targets in your bankroll and recalculate as you hit them. Its not a flashy answer but it will keep you from losing what you won yesterday.
or if you want to change on a regular basis be a bit more safe and go for weekly or monthly rather than daily.Comment -
Cheese1976SBR Wise Guy
- 09-17-09
- 667
#14This sounds good, I want to coordinate recalculating with dividend payments - I'm thinking every 30% increase to pay myself 10% and then adjust my unit to the new bankroll amountComment -
LarryFSBR Wise Guy
- 12-11-09
- 949
#15I recalculate at 25%; always pay yourself monthly, if you win, cause you ain't won nothin' 'til it's in your pocket!Comment -
ozrobSBR Hustler
- 03-09-10
- 50
#16
depends what the bankroll and your ultimate goal is. If your looking to extensively build the bankroll i wouldnt pay yourself for a while to help expand the bankroll quickly. If 10% of your current bankroll is an amount your happy with then by all means start paying yourself.Comment -
LT ProfitsSBR Aristocracy
- 10-27-06
- 90963
#17While I understand that the proper way would be to recalculate after each individual play, I find it more practical to recalc at the start of each day.Comment -
roasthawgSBR MVP
- 11-09-07
- 2990
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JiveSBR MVP
- 02-10-10
- 1405
#20I know many (or most) here are flat bettors, but I do it a little differently. I recalculate after every graded wager (done via spreadsheet so it happens instantly). I take my total bankroll across all of my accounts, and bet 1% on 1 unit plays (for lack of a better term) up to 5% for 5 unit plays. I have less than 10 of these 5x plays a year when I think the linesmakers or public are screwing up bigtime (only happened twice this basketball season, both times in totals involving Providence). Most of my wagers are 2% or 3%, with an occasional 4% one being on mortal locks (ml parlays involving Federal and Nadal against qualifiers in tennis, for example).Comment -
PeeigSBR Wise Guy
- 02-06-08
- 567
#21I recalculate every week or so..........mainly because I gots a full time jube and a new daughter....so I have less tymezComment -
talntedSBR MVP
- 02-11-09
- 1664
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Cheese1976SBR Wise Guy
- 09-17-09
- 667
#23I don't understand what the advantage is to recalulating after loss/losses? Wouldn't it make sense to only recalculate after you've shown an increase in bankroll (assuming you have a winning system)?Comment -
MrXSBR MVP
- 01-10-06
- 1540
#24Comment -
PeepSBR MVP
- 06-23-08
- 2295
#25LOL.
Yes, I would say recalculating is more important on the way down than on the way up. While you may be losing some extra profits on the way up, you run the risk of ruin (TAP CITY/BROKE/OUT OF THE GAME/DONE LIKE DINNER) on the way down, which is a lot more serious problem than some lost potential profits.Comment -
Cheese1976SBR Wise Guy
- 09-17-09
- 667
#26LOL. Yes, I would say recalculating is more important on the way down than on the way up. While you may be losing some extra profits on the way up, you run the risk of ruin (TAP CITY/BROKE/OUT OF THE GAME/DONE LIKE DINNER) on the way down, which is a lot more serious problem than some lost potential profits.Comment -
MrXSBR MVP
- 01-10-06
- 1540
#27Unless you're betting with a very impressive edge, this strategy leaves you with plenty of opportunity to go busto.Comment -
ozrobSBR Hustler
- 03-09-10
- 50
#28sounds like you already have a system there cheese. If its working for you stick with it. Only thing i'd suggest is that your betting %s are a little high.Comment -
Cheese1976SBR Wise Guy
- 09-17-09
- 667
#29Comment -
MeestermikeSBR Sharp
- 11-21-06
- 329
#30IMO re-calculation should be done depending on the number of plays you make daily or weekly. I personally flat bet all plays. It is important to re-calculate equally after gains and/or losses to insure your bankroll and maximize profit or loss.
There are so many varying opinions but that is how I do it. I also use multiple books to play at and will use the same strategies at each book. I open new accounts only when my overall bankroll allows.Comment -
RuifgalmeidaSBR MVP
- 04-23-08
- 2024
#31This is the way i do it - after a 10% win or lose of the bankroll, recalculate your unit.
Changing your unit every day is not good for moral, because you are going in Tilt if you losing(and going to lose more) and if you win big time you are going to be over optimist(will make stupid plays because of the buzz of winning).
I thing this way is not pretty,but you are going to be a much balance bettor.Comment
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