I Need Some Money Management Advice

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  • Give It Away
    SBR Sharp
    • 08-21-08
    • 348

    #1
    I Need Some Money Management Advice
    O.K., here's my plan...

    - Only bet 3% of my total.
    - One wager per day.
    - No betting on my favorite team (don't have an unbiased opinion)


    Does that sound good? Any changes I should make or add anything to that?
  • SlickFazzer
    SBR Posting Legend
    • 05-22-08
    • 20209

    #2
    You should never go broke.

    Search JUstins videos on Kelly for more detailed
    mm strategies.
    Comment
    • pavyracer
      SBR Aristocracy
      • 04-12-07
      • 82897

      #3
      Originally posted by Give It Away
      O.K., here's my plan...

      - Only bet 3% of my total.
      - One wager per day.
      - No betting on my favorite team (don't have an unbiased opinion)


      Does that sound good? Any changes I should make or add anything to that?
      1. Bet 10% of your total every weekday and 20% on weekends.
      2. Bet 2-3 games on weekdays and bet 7-8 games on weekends.
      3. Bet your favorite team if the play is right for or against them.

      Good luck.
      Comment
      • InTheHole
        SBR Posting Legend
        • 04-28-08
        • 15243

        #4
        All good answers..generaly speaking 1.5-2 % per game. If you have a stronger lean 3-4%
        Comment
        • EaglesPhan36
          SBR Aristocracy
          • 12-06-06
          • 71662

          #5
          Don't chase. That's the biggest thing to me. Find your plays each day, make 'em & live with the consequences.
          Comment
          • Fiasco
            SBR MVP
            • 11-02-08
            • 2406

            #6
            bet a set amount on every game (1 unit) unless you 1) get an amazing price/deal or 2) consider the play super super strong...

            or you can bet 1-2% and limit yourself to more than 10% pending at 1 time or something of that matter...

            I personally put a unit on everything where I feel I have an advantage or lean... so I wouldn't be the one to tell you 1 play a day

            just don't chase losses, stay in it for the longhaul
            Comment
            • Give It Away
              SBR Sharp
              • 08-21-08
              • 348

              #7
              good advice, thanks guys.
              Comment
              • seaborneq
                SBR Posting Legend
                • 09-08-06
                • 22556

                #8
                No props, parlays, or totals. Spend as much as you like on If-bets. You can't lose all of your money or have to have everything go right for you to win.
                Comment
                • flyingillini
                  SBR Aristocracy
                  • 12-06-06
                  • 41219

                  #9
                  Giveman, have you ever been inside a Cabana at a Pool Party?
                  המוסד‎
                  המוסד למודיעין ולתפקידים מיוחדים‎
                  Comment
                  • larrymiller
                    SBR Sharp
                    • 01-20-09
                    • 296

                    #10
                    I make my bets normal bets, no set amount of bets per day, but I try not to reach on close bets.

                    Then I make a parlay, 20% of the regular bets, I include all of my picks, but, I take the favorites straight up and underdogs I buy a point. That way I could lose the regular pick but still hit the parlay

                    It seems to work pretty well for me
                    Comment
                    • SlickFazzer
                      SBR Posting Legend
                      • 05-22-08
                      • 20209

                      #11
                      Originally posted by flyingillini
                      Giveman, have you ever been inside a Cabana at a Pool Party?
                      Latrelle and Tyreese could care less about money management.
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388179

                        #12
                        Best money management is bet the same amount on every game and limit yourself to like 3 plays a week

                        Only way to have a chance
                        Comment
                        • SlickFazzer
                          SBR Posting Legend
                          • 05-22-08
                          • 20209

                          #13
                          Originally posted by jjgold
                          Best money management is bet the same amount on every game and limit yourself to like 3 plays a week

                          Only way to have a chance
                          3 plays a week.
                          Comment
                          • flyingillini
                            SBR Aristocracy
                            • 12-06-06
                            • 41219

                            #14
                            Originally posted by SlickFazzer
                            Latrelle and Tyreese could care less about money management.
                            You are correct. They do care about a clean Cabana though.
                            המוסד‎
                            המוסד למודיעין ולתפקידים מיוחדים‎
                            Comment
                            • larrymiller
                              SBR Sharp
                              • 01-20-09
                              • 296

                              #15
                              Originally posted by jjgold
                              Best money management is bet the same amount on every game and limit yourself to like 3 plays a week

                              Only way to have a chance

                              3 Plays a week? I'd die like that. I do a minimum of three a night and have been doing alright.

                              I admittedly don't have a huge bankroll, but, that's where the skill comes in, how hard is it to have a large bankroll when you keep reloading it?
                              Comment
                              • fiveteamer
                                SBR Posting Legend
                                • 04-14-08
                                • 10805

                                #16
                                Best money management tip.

                                DO NOT GAMBLE.
                                Comment
                                • tullamore
                                  SBR MVP
                                  • 07-17-07
                                  • 3586

                                  #17
                                  Just become a bookie.
                                  Comment
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