1. #1
    The Colonel
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    Join Date: 12-30-07
    Posts: 23

    Money Management Strategies

    Hey,

    I'm just wondering what money management strategies you guys adopt. IE % amount of your bankroll maximum invested per day, maximum % per play and so on.

    If there are any good articles could you please point me in the direction of them.

    My money management is something that I am really trying to tighten up in 2008.

    Thanks in advance.

    Colonel

  2. #2
    success
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    Join Date: 01-03-08
    Posts: 124

    1. Max single play should never be greater than 5% of your bankroll.

    2. For me, max total daily risk will be capped at 20% of bankroll.

    3. Stay away from teasers and parlays.

  3. #3
    Destroyer
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    Join Date: 11-19-07
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    I have a little more gamble in me, but I keep it in check at 10% of my bankroll per bet or 10% of my bankroll at risk per day. More importantly, don't double down on the betting amount after sustaining a loss. It's a quick way to go busto when losing streaks occur and it does happen sooner or later.

  4. #4
    The Colonel
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    Quote Originally Posted by Destroyer View Post
    I have a little more gamble in me, but I keep it in check at 10% of my bankroll per bet or 10% of my bankroll at risk per day. More importantly, don't double down on the betting amount after sustaining a loss. It's a quick way to go busto when losing streaks occur and it does happen sooner or later.
    Both those responses are higher than I would have imagined for a daily maximum. Is there any reason why you came to those figures?

  5. #5
    Destroyer
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    Quote Originally Posted by The Colonel View Post
    Both those responses are higher than I would have imagined for a daily maximum. Is there any reason why you came to those figures?

    It's mainly because I don't bet as often or as much. I'm mostly an NFL action junkie. So, it's usually 1 bet per week. After the NFL season is over, it's vacation time until the next season. I'll occassionally bet on NBA games, but for much smaller amounts. I think the more you bet, the more chances your profits will diminish, break even, or worst, lose.

  6. #6
    The Colonel
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    Quote Originally Posted by Destroyer View Post
    It's mainly because I don't bet as often or as much. I'm mostly an NFL action junkie. So, it's usually 1 bet per week. After the NFL season is over, it's vacation time until the next season. I'll occassionally bet on NBA games, but for much smaller amounts. I think the more you bet, the more chances your profits will diminish, break even, or worst, lose.
    Fair enough. I'm mostly on NBA, College Ball and baseball so 10% seemed a lot in a day.

  7. #7
    thebigguy
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    Join Date: 12-12-07
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    5 % bank on each bet for me.


  8. #8
    raiders72002
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    Join Date: 03-06-07
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    I bet 1-2 % / play and can bet up to 20% for the day.

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