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?