How do I protect myself from going broke?

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  • ANGRYBLACK
    SBR MVP
    • 03-16-10
    • 1148

    #1
    How do I protect myself from going broke?
    I went from $200 to $1500 bankroll friday and saturday. I lost one bet. Cubs/Whitesox under 11.5 or 10.5 points, I forget. Anyways, I can't keep going all in. Nothing lasts forever. At $1500, what would be the correct percentage to use as a unit? I'm not worried about how much money I bet. I'm more concerned with what percentage of my bankroll should be used for a unit. I feel pretty good with all of my bet selections. That's why I place them. Cavs 4 units, Nets 4 units to lose, UFC 4 units, Serena 4 units, mismatches 4 units, everything else, 1 unit. What % should my units be? What's the max % of total bankroll to wager in one day? I'm just trying to be here for the long run and protect myself from upsets. Thanks in advance!!!
  • cashil
    SBR Sharp
    • 01-23-10
    • 466

    #2
    Youre units should be 5 percent of your bankroll to not go broke IMO
    Comment
    • suicidekings
      SBR Hall of Famer
      • 03-23-09
      • 9962

      #3
      Originally posted by cashil
      Youre units should be 5 percent of your bankroll to not go broke IMO
      At most. On a $1500 bankroll, maybe start with a $40-50 unit.
      Comment
      • ANGRYBLACK
        SBR MVP
        • 03-16-10
        • 1148

        #4
        Thanks guys. Imma keep it like that. Whenever I reach $2000, I'll take out $500. I'm trying to fund my photography/motorcycle addiction. All proceeds will go to Canon "L" lenses, bike gear, and Yamaha R1 payments. (0 down/$199 per month).
        Comment
        • Snowball
          BARRELED IN @ SBR!
          • 11-15-09
          • 30054

          #5
          take out $1000 and play with $500.
          Comment
          • ANGRYBLACK
            SBR MVP
            • 03-16-10
            • 1148

            #6
            Bet365 said that I have to rollover my deposit ($200) and freebet ($200) money 3 times to withdraw. I'm over halfway to wagering the $1200 total 24 hours after I opened the account! LOL!!! I've got 89 more days to do it. I've decided to take out everything except $500 since my units will be $25. Certain teams and fighters will be more, but NEVER over 4 units. Ya'll ever thought about opening up a small bank account in Europe? You don't have to pay Netteller or wahtever to get your money. The gambling sites are linked to your bank account like Paypal and all deposits and witdrawals are free...
            Comment
            • peeiempee
              SBR MVP
              • 01-21-09
              • 2750

              #7
              Don't bet so high. Bet 1% for your bankroll per play
              Comment
              • BernardMadoff
                SBR Hall of Famer
                • 12-12-09
                • 6679

                #8
                Good question.
                Last edited by BernardMadoff; 03-21-10, 12:11 PM.
                Comment
                • TGoat
                  Restricted User
                  • 08-07-09
                  • 612

                  #9
                  One Percent...
                  Comment
                  • pronk
                    Restricted User
                    • 11-22-08
                    • 6887

                    #10
                    Originally posted by ANGRYBLACK
                    All proceeds will go to Canon "L" lenses, bike gear, and Yamaha R1 payments. (0 down/$199 per month).
                    Which Canon body you have and why L lenses? They're expensive.
                    What kind of photography you do?
                    Comment
                    • SolidDala
                      SBR MVP
                      • 12-14-09
                      • 1696

                      #11
                      If you play 4 unit bets then your base unit have to be 1% not 5% hence a bet becomes 20% of BR with makes BR expectancy into negative!

                      BR: $1500 , 4-unit play: $60

                      Thats my thoughts about MM
                      Comment
                      • ThisGuy
                        SBR Wise Guy
                        • 03-12-10
                        • 517

                        #12
                        Depends on your edge. It's different if your recent performance is indicative of your true skill level with a lil good luck tossed in for bonus as opposed to a slightly better than 50-50 capper who's on a heater. If you're good I would recommend between 3-5% per unit. Be honest with yourself on your ability, kill as much greed as possible and watch the profit multiply . If you're good enough the unit sizes will increase proportional to your roll. It's all %'s and not set numbers if your goal is long term success

                        Also keep studying and thinking out of the box on MM. When it comes to line shopping, middling, arb'ing there's just so many ways to keep that ball rolling if you can cap the games yourself
                        Last edited by ThisGuy; 03-21-10, 02:21 PM.
                        Comment
                        • Lint Pockets
                          SBR MVP
                          • 01-19-10
                          • 1211

                          #13
                          well simple you don't bet on sports especially NBA.
                          sbr
                          Comment
                          • robert_wrath
                            SBR MVP
                            • 07-16-09
                            • 2122

                            #14
                            Cash out 300% of your initial deposit ( $600 leaving with a remaining balance of $900). Now play out your balance risking no more than up to 5 Percent at any given moment, by doing this, your minimizing your loses. Remember, sports wagering is a grind just as is a regular job. Everyone wants the big hit to arrive, however as time passes, the payout shall land on your lap with Patience.
                            Comment
                            • ANGRYBLACK
                              SBR MVP
                              • 03-16-10
                              • 1148

                              #15
                              Originally posted by pronk
                              Which Canon body you have and why L lenses? They're expensive.
                              What kind of photography you do?
                              Canon 40D
                              28-135mm
                              135mm L

                              The L lenses are metal unlike some of the cheaper plastic lenses and bodies from Canon. They are also moisture and dust proof. Honestly, there is no comparison when you have shot with Canon's best glass. Better F Stops and bokeh can make an ugly chick look hot. It's all about the lighting and softly blurring out everything in the picture except your subject. I only want 2 more lenses right now. 50mm L or 85mm L for portraits and 14mm L for scenery.

                              Right now I'm just messing around. I've done a few weddings for friends. I've taken a couple of portraits of friends and their kids. I'm enjoying shooting these European women over here. It's cool because I don't charge them, and I get to build my portfolio for free. I have a decent camera and portfolio so when I ask the random hot chick to do a photo shoot they don't think that I'm a perv anymore. LOL!!! Ultimately, I want to shoot Maxim style photos and get paid.
                              Comment
                              • ANGRYBLACK
                                SBR MVP
                                • 03-16-10
                                • 1148

                                #16
                                Originally posted by SolidDala
                                If you play 4 unit bets then your base unit have to be 1% not 5% hence a bet becomes 20% of BR with makes BR expectancy into negative!

                                BR: $1500 , 4-unit play: $60

                                Thats my thoughts about MM

                                Cool. It's in Great British Pounds, so I'm working with nice square figures.
                                BR: 1000GBP ($1500)
                                Unit: 10GBP ($15)
                                Locks: 40GBP ($60)
                                Comment
                                • hels
                                  SBR Hall of Famer
                                  • 04-12-09
                                  • 8767

                                  #17
                                  great advice in this thread. I always use 5% but never make a play larger than 2 units.
                                  Comment
                                  • ANGRYBLACK
                                    SBR MVP
                                    • 03-16-10
                                    • 1148

                                    #18
                                    Originally posted by ThisGuy
                                    Depends on your edge. It's different if your recent performance is indicative of your true skill level with a lil good luck tossed in for bonus as opposed to a slightly better than 50-50 capper who's on a heater. If you're good I would recommend between 3-5% per unit. Be honest with yourself on your ability, kill as much greed as possible and watch the profit multiply . If you're good enough the unit sizes will increase proportional to your roll. It's all %'s and not set numbers if your goal is long term success

                                    Also keep studying and thinking out of the box on MM. When it comes to line shopping, middling, arb'ing there's just so many ways to keep that ball rolling if you can cap the games yourself
                                    It all started when I bet one of my boys $100 that the Cowboys would beat the Saints. It was my first bet and I didn't know about odds or spreads. I'm from San Antonio and I was just tired of him talking so much shit about how good the Saints were. Anyways, later he told me that he uses Coral.co.uk and that I would have made over $700 because of the odds online. I opened up an account on New Years and went on a one month tear and then withdrew my funds then stopped. I think it was several $100, $200 and $500 bets. These weren't no 1/100 odd bets, either. They were 1/1 or somewhere close around there. I won them all and lost a couple $20 bets. I was like 25-5 or something. My girl made me stop even though I was winning constantly. She then said it's cool if I place $20 bets. I run this sh1t, not her. She was just worried that I'd get addicted. I told her I'm not addicted, it's just an easy way to make money.

                                    @ThisGuy: I was obviously lucky for the WHOLE month of January. I also think that I was pretty lucky to go flawless all weekend. I'm using $15 units and $60 locks from now on until I prove to myself that I'm not a fluke. It's just annoying when you're sure a team will win and bet $15 instead of $250 and they end up winning...
                                    Last edited by SBR Jonelyn; 04-09-15, 10:01 AM. Reason: image does not exist
                                    Comment
                                    • anjaru
                                      SBR Wise Guy
                                      • 02-27-10
                                      • 558

                                      #19
                                      You should take the money out as soon as you are able to and buy what you want. What I've learned over the last 3 years doing this is that, rarely do you get to the goal that you set. Betting has a way of holding on to you and not letting you go, win or lose. At the very least, set a minimum you will allow yourself to go down to, for instance, quitting at $1000 if you get to that point. Good luck!!
                                      Comment
                                      • ThisGuy
                                        SBR Wise Guy
                                        • 03-12-10
                                        • 517

                                        #20
                                        Originally posted by ANGRYBLACK
                                        It's just annoying when you're sure a team will win and bet $15 instead of $250 and they end up winning...

                                        But I find it so much sweeter when a lock loses and I didn't bet the farm than any big win I have. I'm actually beaming right now that OKC is getting waxed by Indy because I wanted to load up on that line soooo bad

                                        At the end of the day it's just a single game and i'm guessing there won't be a shortage in the future. It didn't take too many learning experiences of dumping 25% of my roll I've worked so hard to grow to get that point across.

                                        My rule of thumb now is what's the minimum profit that I'm happy with but know that I won't feel sick if I lose and that varies from spot to spot, edge to edge.
                                        Comment
                                        • PlatinumBerg
                                          SBR MVP
                                          • 03-01-10
                                          • 1058

                                          #21
                                          Hi Angry Black man, you seem like you might be a good capper. Care to post your plays?
                                          Comment
                                          • ANGRYBLACK
                                            SBR MVP
                                            • 03-16-10
                                            • 1148

                                            #22
                                            $15 bets. I might not get rich, but I sure as hell wont go broke!

                                            Duncan over 17.5
                                            Amare under 26.5
                                            Wizards+12.5
                                            Detroit+12
                                            Spurs+3
                                            Cavs/Pistons under 201.5

                                            Kongo/Pierce
                                            Guida/Schaub
                                            Brilz
                                            Schaub
                                            Sakara
                                            JDS
                                            Bones Jones
                                            Comment
                                            • ANGRYBLACK
                                              SBR MVP
                                              • 03-16-10
                                              • 1148

                                              #23
                                              Duncan over 17.5
                                              Amare under 26.5
                                              Wizards+12.5
                                              Detroit+12
                                              Spurs+3
                                              Cavs/Pistons under 201.5

                                              Kongo/Pierce
                                              Guida/Schaub
                                              Brilz
                                              Schaub
                                              Sakara
                                              JDS
                                              Bones Jones
                                              Comment
                                              • ANGRYBLACK
                                                SBR MVP
                                                • 03-16-10
                                                • 1148

                                                #24
                                                Nuggets/Celticcs under 205.5 20 UNITS
                                                Lakers+2 1 UNIT
                                                Kobe over 28.5 1 UNIT
                                                Duncan over 18.5 1 UNIT
                                                Last edited by ANGRYBLACK; 03-25-10, 12:12 PM. Reason: SMILIES
                                                Comment
                                                • Patrickz0rs
                                                  SBR Wise Guy
                                                  • 03-08-10
                                                  • 994

                                                  #25
                                                  Rule #1 to MLB Handicapping:

                                                  NEVER WAGER ON PRE-SEASON GAMES.
                                                  Comment
                                                  • HoulihansTX
                                                    BARRELED IN @ SBR!
                                                    • 02-12-09
                                                    • 30566

                                                    #26
                                                    Never Chase

                                                    Play less games a day.

                                                    Bet more 2nd Halves than full games. ( 2nd Halves are where you can find value daily.

                                                    Dont waste money doing parlays

                                                    Get the best line available if possible

                                                    If you are going big on plays, make it a rarity.

                                                    Dont go all in
                                                    Comment
                                                    • ANGRYBLACK
                                                      SBR MVP
                                                      • 03-16-10
                                                      • 1148

                                                      #27
                                                      1) Houston Rockets(-4.5) Vs LA Clippers 1 Unit


                                                      2)Mavericks Vs Trail Blazers ( Game totals Under 192) 5 Units

                                                      3) Chicago Bulls (ML) 1 Unit

                                                      4) Player performances ( Brad Miller Over 9.5 points) 2 Units

                                                      5)Player performances ( Derrick Rose Over 22.5 points) 1 Unit

                                                      6) Player performances ( Jason Kidd Under 10.5 points) 1 Unit

                                                      7) Player performances ( Shaun Marion Over 6.5 rebounds) 1 Unit

                                                      8) Player performances ( Andre Miller Over 14.5 points) 1 Unit

                                                      9) Player performances ( Jas6-7-1on Terry Under 16.5 points) 1 Unit

                                                      10) Player performances ( Dirk Nowitzki Over 7.5 rebounds) 0.5 Unit

                                                      Butler (-2.5) 5 Units

                                                      Butler/Syracuse (under 133.5) 1 Unit

                                                      Xavier (+5) PUSH

                                                      Kentucky (-8.5) 1 Unit

                                                      My record for 25MAR10:

                                                      6-7-1
                                                      Won the bigger bets, so ended up 54.50 pounds ($81.75)!!!

                                                      +5.45 UNITS!!!
                                                      Last edited by ANGRYBLACK; 03-26-10, 03:16 AM.
                                                      Comment
                                                      • Lint Pockets
                                                        SBR MVP
                                                        • 01-19-10
                                                        • 1211

                                                        #28
                                                        those player performance bets are stupid they are basically sucker bets.
                                                        sbr
                                                        Comment
                                                        • tealish
                                                          SBR MVP
                                                          • 02-02-10
                                                          • 3386

                                                          #29
                                                          You sure love your props
                                                          Comment
                                                          • ANGRYBLACK
                                                            SBR MVP
                                                            • 03-16-10
                                                            • 1148

                                                            #30
                                                            Originally posted by Lint Pockets
                                                            those player performance bets are stupid they are basically sucker bets.
                                                            Yeah, I thought that the Bulls would rape the Heat last night. I can't win them all. I just tailed Laker_Crazy and Vietussports since we had the same opinions last night. It doesn't matter though. I flipped $200 to over $1500 in a week and got my $300 bonus last night from Bet365 for rolling over my deposit and free bets 3 times each in a week instead of 90 days. LOL!!! I really don't care how many of my bets that you think are stupid. Just as long as I'm up units every night...
                                                            Comment
                                                            • ANGRYBLACK
                                                              SBR MVP
                                                              • 03-16-10
                                                              • 1148

                                                              #31
                                                              Hawks-4 4units
                                                              Pistons/Nets U193.5 4units
                                                              Pistons+1.5 4 units
                                                              Cavs-1 4units
                                                              Bobcats-10 1unit
                                                              Wizards/Bobcats U181.5 2units
                                                              76ers U95 4units
                                                              Duncan U16.5 1unit
                                                              Kings/Celtics U196 2units
                                                              Nuggets/Raptors O216 1unit
                                                              Billups O19.5 2units

                                                              Lets get it!!!
                                                              Last edited by ANGRYBLACK; 03-27-10, 04:45 AM.
                                                              Comment
                                                              • balls2wall
                                                                SBR MVP
                                                                • 12-20-09
                                                                • 2642

                                                                #32
                                                                Originally posted by ANGRYBLACK
                                                                My girl made me stop even though I was winning constantly. She then said it's cool if I place $20 bets. I run this sh1t, not her.





                                                                Just giving you a hard time bro, but the irony made me laugh a bit


                                                                hope you keep doing well with the plays
                                                                Comment
                                                                • ANGRYBLACK
                                                                  SBR MVP
                                                                  • 03-16-10
                                                                  • 1148

                                                                  #33
                                                                  Originally posted by balls2wall



                                                                  Just giving you a hard time bro, but the irony made me laugh a bit


                                                                  hope you keep doing well with the plays
                                                                  I know, right? Maybe I should have listened to her. I just lost all my bonus freebet money last night...

                                                                  Anyways, I'm still way up and right back at it.

                                                                  Nets/Bulls U197.5 2units
                                                                  Jazz/Wizards U198.5 2units


                                                                  I need a sweep after last night. My worst betting night EVER!!!
                                                                  Comment
                                                                  • ANGRYBLACK
                                                                    SBR MVP
                                                                    • 03-16-10
                                                                    • 1148

                                                                    #34
                                                                    Nets/Bulls U197.5 2units
                                                                    Jazz/Wizards U198.5 2units
                                                                    Nate Diaz 1unit
                                                                    Rodney Wallace 1unit
                                                                    Jim Miller/Jon Fitch 2units
                                                                    Comment
                                                                    • oiler
                                                                      SBR Hall of Famer
                                                                      • 06-06-09
                                                                      • 6585

                                                                      #35
                                                                      Originally posted by ANGRYBLACK
                                                                      I went from $200 to $1500 bankroll friday and saturday. I lost one bet. Cubs/Whitesox under 11.5 or 10.5 points, I forget. Anyways, I can't keep going all in. Nothing lasts forever. At $1500, what would be the correct percentage to use as a unit? I'm not worried about how much money I bet. I'm more concerned with what percentage of my bankroll should be used for a unit. I feel pretty good with all of my bet selections. That's why I place them. Cavs 4 units, Nets 4 units to lose, UFC 4 units, Serena 4 units, mismatches 4 units, everything else, 1 unit. What % should my units be? What's the max % of total bankroll to wager in one day? I'm just trying to be here for the long run and protect myself from upsets. Thanks in advance!!!
                                                                      i guess if it wasnt a gamble they wouldnt call it gambling.the most important thing u need to know about gambling is.dont ever bet with your heart cuase if u do u will be broke and broken hearted
                                                                      Comment
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