Money management question

[axe111]

What do you think is the best system?

1* 2* or 3* only is my favourite. Betting between 0.5% and 1.5% of bankroll

Other people used to choose 1-10. and bet 1% to 10%

[Britton333]

Bankroll is a pretty ridiculous idea to me. I'd imagine a "bankroll" is applicable if you do this shit for a living, which I can't see many if anyone on this board actually doing. I have a job making decent money and can afford to put a couple thousand on a game. If I went super cold and lost like 10 in a row, I'd have to stop and regroup and take some time off. Build up a few paychecks and come back with a new bankroll. My point is, my funds, like I hope most around here, are revolving and renewing themselves.

Unless you say "I'm only going to lose $2,000 this baseball season and I don't want to go to $0", then that's one thing. But if I have say $25,000 to lose right now sports gambling, there's no chance I'm only going to bet $125-$250 on a game (or .5%-1% of my bankroll)... that's the lamest shit ever.

[Mens et Manus]

Here it is, magic formula

Bankroll - 50 bets, only singles, find reduced juice (Pinnacle on IP from Canada) 2% per bet, wd when you make 25% profit on your Bankroll, rinse and repeat. If you can't win more than 55% of singles, get a job

[jv040]

bank roll labaurche line is the best money management. unless the bets are underdogs then martingale for 3 game chase or modifyed martingale. if betting favorites above -110 then labaurche line, like this.

put all the A bets on first line and bet the 2 outside numbers like this. say your line your betting is favored by -150. your first bet would be to bet 15 to make to if you win cross out the 2 outside numbers and if you lose split half your bet on A line and half your bet on B line. in a loss your new A and B line would look like this. over at covers . com you can request to follow adg if you want he has underdog systems for mlb and can turn a 2000 dollar bank roll into 50,000 and he does it for a living. he shares all his picks for free. he has a year around program. he plays everything.

5-5-5-5-750

5-5-5-5-750

[axe111]

Here it is, magic formula

Bankroll - 50 bets, only singles, find reduced juice (Pinnacle on IP from Canada) 2% per bet, wd when you make 25% profit on your Bankroll, rinse and repeat. If you can't win more than 55% of singles, get a job

I like this one too

[JonWal]

What do you think is the best system?

1* 2* or 3* only is my favourite. Betting between 0.5% and 1.5% of bankroll

Other people used to choose 1-10. and bet 1% to 10%

If you're just gambling then it doesn't matter but if you are trying to make money in this long term you have to stay under 4% per bet. If you bet more than that and you get a losing streak you will lose it all..

[Pancho sanza]

Too bad there isn't a formula that would give you an optimal bet size for a given bankroll/edge.

oh wait........

[statnerds]

too bad there isn't formula that clearly states that 100% of bettors can never accurately gauge their edge on any independent event.

oh wait...

[Pancho sanza]

too bad there isn't formula that clearly states that 100% of bettors can never accurately gauge their edge on any independent event.

oh wait...

too bad some don't have the common sense to get around that

[MonkeyF0cker]

too bad there isn't formula that clearly states that 100% of bettors can never accurately gauge their edge on any independent event.

oh wait...

Too bad that hasn't been debunked.

http://forum.sbrforum.com/handicapper-think-tank/1571755-estimated-edge-error-simulation-kelly-conundrum.html

[Dollars2Donuts]

I regularly invest 50-75% of my BR in any given day/night and bet between 10 and 30 games per day, and I have never been felted and have made many withdrawls. I think it all depends how comfortable you are AND if you are any good.

Cheers,

D2D

[chunk]

too bad there isn't formula that clearly states that 100% of bettors can never accurately gauge their edge on any independent event.

oh wait...

I agree with this guy. Someone able to nail down the edge? Maybe for a season or two.... Variance? Cut the BS with this Kelly crap. It is only an + EV proposition if and when you do in actuality have your edge nailed.....good luck with that.

[MonkeyF0cker]

Maybe you can't read. Maybe you can't afford Excel. Not sure.

http://forum.sbrforum.com/handicapper-think-tank/1571755-estimated-edge-error-simulation-kelly-conundrum.html

BTW, learn statistics. Variance has nothing to do with quantifying an edge. It's "a +EV proposition" ONLY IF you can quantify an edge. Otherwise, umm.... Well, you don't have an edge. Durr. No staking strategy changes whether or not you have an edge. And guess what Kelly tells you to bet if you don't have an edge?

[HeeeHAWWWW]

I regularly invest 50-75% of my BR in any given day/night and bet between 10 and 30 games per day, and I have never been felted and have made many withdrawls. I think it all depends how comfortable you are AND if you are any good.

So you're betting about 3% of your roll per bet on average? That's approx. half-Kelly on 6% edge, more on less, so fine if you have a decent sized edge (if pretty aggressive).

[statnerds]

Too bad that hasn't been debunked.

http://forum.sbrforum.com/handicappe...conundrum.html

not sure what you are reading into my original post sir, but i humbly suggest you take it at face value. It is impossible to put an exact numerical value on your perceived edge. but i understand your point in the other thread in defense of Kelly against any and all straw men. i will accept you at your word in the other thread that there is a loud, vocal, extremely misguided flat betting crowd running amok her at SBR making daily threads questioning Kelly. Regardless, pointless debate that will impact ~3% of all bettors.

+EV players/bettors will win long term, the ~3%

-EV players/bettors will lose long term, the others. but at least, as you suggest, employing Kelly will help them go broke at a slower rate.