Bankroll Management Ideas

[Justin3587]

So, I have a habit of just betting whatever I want when I get that "gut instinct". It varies.

I was just curious if any of yall have any actual bankroll systems you follow or do you just do the same?

[RudyRuetigger]

All in every play

[pologq]

i don't. i should. i go by instinct too much. i tried and i failed at using management recently.

[daneblazer]

15-20% of BR per week but Most gamblers are just taking shots. Nobody wants to grind out $10 bets. You’ll need bankroll management if you have a large amount of $ or doing this for the long haul. Otherwise just bet what you want and reload the next week as long as it’s not giving you stress and you can pay the bills when you lose.

[jjgold]

2% every play of bankroll

[Justin3587]

15-20% of BR per week but Most gamblers are just taking shots. Nobody wants to grind out $10 bets. You’ll need bankroll management if you have a large amount of $ or doing this for the long haul. Otherwise just bet what you want and reload the next week as long as it’s not giving you stress and you can pay the bills when you lose.

Fair Point. The idea of a system seems like a lot of work.

[veriableodds]

2% every play of bankroll

Thats pretty aggressive. (would definitely re adjust what that 2% is off 20% ceilings)

[The General]

Invest in anything other than gambling.

[Vyasports]

Bankroll Management is for someone who can control his emotions. If you are serious about making a living off betting on sports, then you have to develop Emotional Intelligence (google it).
You can have over 90% win rate and making little profits everyday, but then comes one little loss that makes you "tilt" , that's when you fail.

[pattymayo]

15-20% of BR per week but Most gamblers are just taking shots. Nobody wants to grind out $10 bets. You’ll need bankroll management if you have a large amount of $ or doing this for the long haul. Otherwise just bet what you want and reload the next week as long as it’s not giving you stress and you can pay the bills when you lose.

Completely agree. I gave up on the grinding 2% bankroll per play strategy a long time ago. No dopamine rush there.

Now I just set aside a few hundred or so a month and look at it like a lottery ticket. Go all in a few times and hope you are running hot that day. Starting with $100, four in a row gets you to $1600 or so. Obviously not easy, but it's doable. Really, as cliché as it is, it just comes down to only gamble what you can afford to lose. Then do whatever strategy gives you the rush you crave.

[Sam Odom]

One , just one way...

0.75% of BR using 3x Marty

Learn ^ that from lakerboy many many years ago

[veriableodds]

yeah boo hoo nobody wants to wait years for results. Bankroll only reaches new highs about 15% of the time, and looking at it from an investment eye you will beat the market in % return by 3-8x good lord cannot imagine why anyone would want to be successful.

[Sam Odom]

yeah boo hoo nobody wants to wait years for results. Bankroll only reaches new highs about 15% of the time, and looking at it from an investment eye you will beat the market in % return by 3-8x good lord cannot imagine why anyone would want to be successful.

Answer Below:

No dopamine rush there.

[veriableodds]

Answer Below:

thats why vegas has marble pillars, and most posters here still driving '78 yugo's with no gas in the tank half rusted out. Its like a big city dilemma living in filth and proud of it

[veriableodds]

One , just one way...

0.75% of BR using 3x Marty

Learn ^ that from lakerboy many many years ago

so if you lose 6 in a row which isn't out of the question, you would be down 10.5u
back to the grind 0.75-units lol

[Roger T. Bannon]

You should basically come up with a standard bet. Preferrably $50 or less. And take a few shots when you think you have a can't miss. That's basically the best way to limit losses and have a good time. If you are half way decent, your best bets should be pretty good and you have a decent shot at breaking even.

Profitable gambling is extremely boring and soul crushing. It is not for many.

[Sam Odom]

veriableodds

No

ONLY 3 in a row (3x)

Lose 3 start over

[veriableodds]

Martingale

A martingale is any of a class of betting strategies that originated from and were popular in 18th-century France. The simplest of these strategies was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. The strategy had the gambler double the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake. The martingale strategy has been applied to roulette as well, as the probability of hitting either red or black is close to 50%.

Martingale (betting system) - Wikipedia

https://en.wikipedia.org/wiki/Martingale_(betting_system)

you mentioned
One , just one way...

0.75% of BR using 3x Marty

1)0.75
2)1.5/2.25
3)3/5.25 x2 = 10.5
unless you have customized to your own system

[Optional]

So, I have a habit of just betting whatever I want when I get that "gut instinct". It varies.

I was just curious if any of yall have any actual bankroll systems you follow or do you just do the same?

Probably best to just stick to flat stakes if betting that way.

Pick a unit size that will satisfy you when making a "random" bet, and then use 1.5x and 2x as your big bet sizes. And rule out the allin plays.

If you can't stick to it, then your unit size is probably not large enough.

[Sam Odom]

As Sammy said , its a Marty

If someone does not know the risks... should not be gambling

[jjgold]

Another way is just been a lot of small parlays try to make scores

[Sam Odom]

JJ

explain the Birdcage

[BigdaddyQH]

You MUST develop a system and exercise some type of control, or you will NEVER win. I have used the same system for many years and only had one losing year. I always wager the same amount on every wager I make. One wager should be as good as the next. If not, your system does not work. And above all, be patient. Especially you guys in here. Be satisfied with small wins because few, if any of you, ever get that far.

[daneblazer]

Ya if you’re being serious about betting or doing this for a living, you absolutely have to be disciplined with your money management. If you just got 100 bucks a week just wing it and bank it once you reach a certain point. Ain’t nobody got time for a bunch of $2 bets.

[Snowball]

Sammy, to save JJ time I am stepping in with a birdcage explanation.
Hopefully it shows up in the search engines so people can refer to this
as there are hardly any good explanations on the interwebs.

THE BIRDCAGE BET:

NFL example: Patriots -3 (-110), Bills +4 (-110), VIkings -7 (-110)

3 Birds In the Cage:

1 Patriots IF Bills
2 Bills IF Patriots
3 Patriots IF Vikings
4 Vikings IF Patriots
5 Bills IF Vikings
6 VIkings IF Bills

Push or cancel can be action or no action. You choose.

Wager Amount: $660 (10% juice)

If win all 3: + $1200
If win 2, lose 1: +$160
If win 1, lose 2: -$460
If lose all 3: $-660

Pushes were more common when this bet was popular with old timers.
Lines in newspapers and locals stuck at field goal, touchdown, 10, 14, etc.

When pushes are action:

If push 1, win 2: +$800
If push 1, win 1, lose 1: $-140
If push 1, lose 2: $-600
If push 2, win 1: +$400
If push 2, lose 1: $-440

When pushes are not action:

If push 1, win 2: +$600
If push 1, win 1, lose 1: $-20
If push 1, lose 2: $--440
If push 2, win 1: +$200
If push 2, lose 1: $-220


Comparison with Straight Bets:
3 win: Birdcage 2x payout of Straight Bets
2 win, 1 lose: Birdcage .888/1 of Straight Bets payout
1 win, 2 lose: Birdcage .52/1 of Straight Bets return
-and so on with pushes depending on action or no action-
* you can also put 4,5,6 birds in the cage for more action.
the 6 was the "double birdcage".

[pologq]

Sammy, to save JJ time I am stepping in with a birdcage explanation.
Hopefully it shows up in the search engines so people can refer to this
as there are hardly any good explanations on the interwebs.

THE BIRDCAGE BET:

NFL example: Patriots -3 (-110), Bills +4 (-110), VIkings -7 (-110)

Birds In the Cage:

1 Patriots IF Bills
2 Bills IF Patriots
3 Patriots IF Vikings
4 Vikings IF Patriots
5 Bills IF Vikings
6 VIkings IF Bills

Push or cancel can be action or no action. You choose.

Wager Amount: $660 (10% juice)

If win all 3: + $1200
If win 2, lose 1: +$160
If win 1, lose 2: -$460
If lose all 3: $-660

Pushes were more common when this bet was popular with old timers.
Lines in newspapers and locals stuck at field goal, touchdown, 10, 14, etc.

When pushes are action:

If push 1, win 2: +$800
If push 1, win 1, lose 1: $-140
If push 1, lose 2: $-600
If push 2, win 1: +$400
If push 2, lose 1: $-440

When pushes are not action:

If push 1, win 2: +$600
If push 1, win 1, lose 1: $-20
If push 1, lose 2: $--440
If push 2, win 1: +$200
If push 2, lose 1: $-220


Comparison with Straight Bets:
3 win: Birdcage 2x payout of Straight Bets
2 win, 1 lose: Birdcage .888/1 of Straight Bets payout
1 win, 2 lose: Birdcage .52/1 of Straight Bets return
-and so on with pushes depending on action or no action-

this is really interesting. thank you.

[Sam Odom]

Sammy, to save JJ time I am stepping in with a birdcage explanation.

[Snowball]

this is really interesting. thank you.

you're welcome.
sometimes guys would have more than 3 birds in the cage (6 bets); they would
do 4 birds (12 bets) or even 6 (30 bets), known as the "double birdcage".

[Sam Odom]

Snow

Sammy liked it when you said , "...this bet was popular with old timers"

[deeppckts]

So, I have a habit of just betting whatever I want when I get that "gut instinct". It varies.

I was just curious if any of yall have any actual bankroll systems you follow or do you just do the same?

Another idiot that thinks bankroll management is going to make up for lack of +EV bets.

[jjgold]

whatever you use the bankroll ends up at zero
sports betting =slow death

[Snowball]

After this week I'm gonna do a couple birdcages and see what happens.

[KVB]

...I always wager the same amount on every wager I make...

This guy has lies within his lies.

Let's forget that he's claiming he won bets he never made, but he also claims he's betting to win $100. There's no way he bet the same amount on Alabama moneylines and it's to win $100 each time.

Nevermind the fact that some of those moneylines he claims to win never existed anyway as Bama was like -40 points in some of those games...

...If you wagered on Alabama during regular season games only and wagered the Money Line only, you would be way ahead of the game. From 2011 until 2018, Alabama has never lost more than one regular season game in a season, and in two of those seasons, they went undefeated. So you have two 12-0 seasons and 6 11-1 seasons. That means if you wagered $100 per game, you would have two $1200 and 8 seasons where you would have won $1100 and lost one wager....

Read that again, just how stupid is BigDaddy? Morono stupid???

Big Daddy gives Vittard and Morono a run for dumbest posters here.

Hands down.

[deeppckts]

If you're not making +EV bets, no bet size will prevent you from going broke.
But yeah, sure, bankroll management is your problem. I'm sure some slots players even believe that.