Money Management Question

[kertesd]

I just started using the John Morisson system, I have a $150 bank roll. My question is how much should I be betting on my A,B,C Bets, Dont flame me for being poor but im just a student looking to make a little extra cash. Also if my bank roll is too little what's the minimum it be at (is 150 ok?). If need be im sure i can get it up to 300, but would rather make some money before adding more to my account. My Goal is a FEW G's by season's end.

Thank you for your guidance and support.

[TodaysAction]

If you use that chase method, as I understand it, you play to win 1 unit for the first game, if it loses play for two units, and if it doesn't win play for 3. I don't use that method so the amounts might be a little off but that's in general how it goes. For the amount of your bankroll, were it me I'd use $1 for your unit if you're going to chase a win.

[kertesd]

i dont quite understand what your saying, please elaborate

[TodaysAction]

Play game A's to win 1 unit, if it does not win it becomes a 'B' game - played to win 2 units. If B wins, you're done, if not C is played to win 3 units - again as i understand it but don't use that method. Make more sense? Holla back.

[kertesd]

basically, for a $150 Bankroll line were talking $20, $40, $90 (or $80)?

[TodaysAction]

basically, for a $150 Bankroll line were talking $20, $40, $90 (or $80)?

For a $150 bankroll, were it me, I'd make either 150 $1 units or 30 $5 units and play it as listed above - hoping it'd cash. Again, it's not something I'd suggest but it you're going to follow that method, that's how you'd go about it. Can't make it any clearer for you, sorry.

[williams22]

Play game A's to win 1 unit, if it does not win it becomes a 'B' game - played to win 2 units. If B wins, you're done, if not C is played to win 3 units - again as i understand it but don't use that method. Make more sense? Holla back.

Just a little clarification...

Let's assume every bet is placed at +100:
A bet: 1 unit
B bet: 2 units
C bet: 4 units
D bet: 8 units

This way whenever you win, you win back your losses plus 1 unit.

A chase with a small bankroll is incredibly dangerous. Let's say you wanted to win $5 with each bet and assume +100 bets again (in reality, I'm sure the chase you are doing will have chalk, which makes this riskier):
A bet: $5
B bet: $10
C bet: $20
D bet: $40
E bet: $80

If you ever lose 5 games in a row, your $150 bankroll will be gone, and that's with no chalk.