Who adjusts their unit size as their bankroll increases/decreases

[McCarthyFam]

Long story short..

I deposited 300 with a $25 unit size. Obviously that's about 8% and more than I should have been betting. but regardless I was fortunate to have been able to run it up to 1755 in less than a month at 25/game. Ive been on quite a tear. Haven't had a losing day in over 2 weeks. I cashed out my initial 300. Playing with house money now.

My question is, should I adjust my play size according to my bankroll now.

2% would be at around $29/game..or do you suggest I continue with the $25/game

[McCarthyFam]

thanks in advance fellas

[pavyracer]

Lakerboy has a PhD in doing this. He always loses chasing losses with big unit bets.

[jjgold]

Most of the time I bet the same amount it's easy for tracking purposes and every once a while I make a large wager

[daneblazer]

http://en.m.wikipedia.org/wiki/Kelly_criterion

[pavyracer]

Most of the time I bet the same amount it's easy for tracking purposes and every once a while I make a large wager

Yes. You get a $15,000 loan from a shark with a 30% interest rate. You arrange $200 weekly payments with the shark. You bet 5 games a day at $100 each. Then in two months you paid off loan and interest with winnings and you are up $3950. You wait until Bulls go up 1-0 vs Cavs and go ALL IN on Bulls. Then you lose all but keep making $100 daily bets without bankroll.

[leetreaper]

Yes, adjust your roll to around 5% each time.

[dlunc3]

I adjust my roll daily and bet 2% per play

[Dr.Gonzo]

Bet 2% per play, round down to the nearest dollar, recalculated daily.

Lose that "house money" mindset quick smart, it's your money and you should play like it is, don't give away any edges to the book.

[leetreaper]

house money

[eidolon]

Keep it at $25 (and pull out $755 )
See if you can stay there while fighting the urge to bet more
And if you can, good for you

[BIGDAY]

I personally just prefer to pound the fuggen winners.

[McCarthyFam]

I personally just prefer to pound the fuggen winners.

i'd be broke with the chalk you lay

[jjgold]

2% of your betting bankroll

Number 1 rule

any other type loses

[GunShard]

As long as you are betting small in the 1% to 5% range.
Never go all in! This is NOT No Limit Holdem Poker.
Money management and kelly criterion is the key to victory.

[jjgold]

As long as you are betting small in the 1% to 5% range.
Never go all in! This is NOT No Limit Holdem Poker.
Money management and kelly criterion is the key to victory.

[BIGDAY]

I also enjoy chasing.

[jjgold]

Chasing does work sometimes but eventually it will bite you in the as as we all do it and all go all in at times

[seaborneq]

When I win I cashout/withdraw. No need in increasing bet size. Just take your winning before the books win it back.

[manny24]

hammer hockey futures

[jjgold]

When I win I cashout/withdraw. No need in increasing bet size. Just take your winning before the books win it back.

you hit and run..good strategy

[seaborneq]

Hit it and quit it

[GunShard]

If you had to follow one rule: never go all in.