Money Management Using JM System

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  • SantiagoJoe
    SBR Rookie
    • 08-24-09
    • 13

    #1
    Money Management Using JM System
    I am interested to find out what money management system people use while using the JM Baseball and or Basketball systems.

    Please do not turn this thread into a “you’re stupid for using this system” rant, as if I want to read that stuff there are plenty of other places that I can go on these forums to read it.

    So what money management system do you use?

    I started off using 7.5% of my purse on the A wager, expecting any C wagers to be about 65% of the remaining purse (after the A and B wagers have lost), but having made a couple of C bets this season (Texas, Toronto Blue Jays and Seattle Storm (WNBA)), it turned out to be considerably more than 65% of remaining bank and they were quite a scary wagers. I have since reduced my A wager amount to 6% of the purse, and this should result in about a 50% wager on any C wager.

    What starting wager do you use?

    Also, how do you handle the situation where 1 chase is in progress and an A bet opportunity arises? Do you assume that the chase in progress will lose, thus giving you a smaller amount on your A wager? Or do you assume that it will win and deal with the consequences as the 2 chases play out?

    How do you handle the situation when 2 A wagers are possible on the same day? Do you halve the A wager amount for both wages (3% each in my case) or do you say “2 chases have never lost directly after each other.... she’ll be right mate” or do you use any other system?

    Looking forward to responses and ideas.
  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #2
    You will get a very wide range of answers. I've seen everything from 25%/25%/50% flat risk bets of entire BR to 1% on Bet A and increase to ??? so to ensure a profit if B or C is needed.

    Personally I dont play the JMS. But in a Martingale I set an Unit amount I'm comfortable with and try to win one unit per win.
    Comment
    • Sam Odom
      SBR Aristocracy
      • 10-30-05
      • 58063

      #3
      Where are all of the JMS advocates ??
      Comment
      • fsugolf
        SBR Hall of Famer
        • 07-17-09
        • 6194

        #4
        what's money management?
        Comment
        • cabrerjc
          SBR Rookie
          • 09-07-09
          • 14

          #5
          SantiagoJoe,
          I've just started testing out the JM system as well. Since I'm just testing I started with a very small bankroll of $100. The money management system I am following is as follows (you can adjust to your liking.):

          Start with $5 flat bet on all Game A's (5% of my initial bankroll). Play Games B and C in normal chase fashion.
          When my bankroll increases by 15% i then raise my flat bet 10%. So when my bankroll reaches $115 my new Game A flat bet will be $5.50. The neat thing is that $5.50 isn't 5% of your bankroll, its 4.782% of your bankroll. So with this money management your bankroll will increase, your bets will increase, but the % of your bankroll will decrease.

          This is a very slow way to bet, but eventually if you continue to win through the system you will have bigger bets which will only be a tiny fraction of your total bankroll. Let me know if this makes sense or if you have any questions.
          Comment
          • G's pks
            Restricted User
            • 01-01-09
            • 22251

            #6
            Do not vary in start amounts... bet to win a certain amount, or risk a certain amount. if it goes to a "B" bet, double, if the "B" bet loses, back off and bet your original "A" bet. This way if you win your A. or B, bet you will always win. If it goes to the "C" and you lose it will not be such a big deal. If you win your "C" bet you do lose, but only the amount of your "B" bet. This style of chase betting greatly reduces your risk amount and keys on winning your "A" or "B" bet.

            Example your bet .50 on "A" you lose... "B" bet would be a unit...you win...bet ends with the win on a or b.

            if a loss on "B"... you are down .50, 1, and if you loss "C", .50 is the loss amount again...so you lose 2 units total... So as the numbers show as long as you win your a, or b bet you will have a plus series...if you lose a whole series or it goes to "c" you will have a negative/loss dollar wise but this avoids the nightmare of a a loss at 2, a b loss at 4 and a c loss at 8, for a total loss of 14 units!
            Comment
            • stickbit
              SBR Sharp
              • 03-09-08
              • 265

              #7
              G - funny to read this today as I use this exact system for a MLB runline chase system. Like you said it avoids the huge 14 unit losses! Nice work.
              Comment
              • LT Profits
                SBR Aristocracy
                • 10-27-06
                • 90963

                #8
                You are still doing a Martindale, which is suicidal. Try using Kelly, increasing the expected edge on the second and third plays.

                One arbitrary example could be to assume a 5% edge on Bet A, 7% edge on Bet B and 10% edge on Bet C.
                Comment
                • G's pks
                  Restricted User
                  • 01-01-09
                  • 22251

                  #9
                  Originally posted by stickbit
                  G - funny to read this today as I use this exact system for a MLB runline chase system. Like you said it avoids the huge 14 unit losses! Nice work.

                  Thanks...for those that do not think it can work visit my baseball thread and see it survived the whole season and profited.
                  Comment
                  • Justin7
                    SBR Hall of Famer
                    • 07-31-06
                    • 8577

                    #10
                    Originally posted by G's pks
                    Thanks...for those that do not think it can work visit my baseball thread and see it survived the whole season and profited.
                    Congrats.

                    JM will soon be introducing "WNBA 3.0" since 2.0 hit a 0-4 chase streak, losing 250% of a player's bankroll.
                    Comment
                    • durito
                      SBR Posting Legend
                      • 07-03-06
                      • 13173

                      #11
                      I use this system:

                      Wait till you all have moved the line way past fair value and bet the other side for an appropriate amount.
                      Comment
                      • BestPlay2day
                        SBR Hall of Famer
                        • 08-25-08
                        • 5794

                        #12
                        What happens when this system loses 4,5,6 games in a row? Notice I said when not if. Using the martindale system, you will evenually get burned and blow your bankroll.
                        Comment
                        • G's pks
                          Restricted User
                          • 01-01-09
                          • 22251

                          #13
                          Originally posted by Justin7
                          Congrats.

                          JM will soon be introducing "WNBA 3.0" since 2.0 hit a 0-4 chase streak, losing 250% of a player's bankroll.
                          My system is not the JM system, my money management system is not the same as JM. I posted a season long winning baseball thread based on using a chase system I came up with using stats. It won... that is all that counts. Also it will win next year..even more...

                          You keep saying chases do not work...scratch your head and figure out how I won... Next baseball season you can scratch your head again... My chase will win again...

                          Also for the guy that mentioned losing up to 6 straight games... my money management system could easily handle losing 6 straight. The most my system lost was 3 straight which happened twice...

                          The idea is to win...that is what I do..
                          Comment
                          • pimike
                            BARRELED IN @ SBR!
                            • 03-23-08
                            • 37140

                            #14
                            Originally posted by G's pks
                            My system is not the JM system, my money management system is not the same as JM. I posted a season long winning baseball thread based on using a chase system I came up with using stats. It won... that is all that counts. Also it will win next year..even more...

                            You keep saying chases do not work...scratch your head and figure out how I won... Next baseball season you can scratch your head again... My chase will win again...

                            Also for the guy that mentioned losing up to 6 straight games... my money management system could easily handle losing 6 straight. The most my system lost was 3 straight which happened twice...

                            The idea is to win...that is what I do..


                            yes it does
                            Comment
                            • durito
                              SBR Posting Legend
                              • 07-03-06
                              • 13173

                              #15
                              lol
                              Comment
                              • G's pks
                                Restricted User
                                • 01-01-09
                                • 22251

                                #16
                                Originally posted by BestPlay2day
                                What happens when this system loses 4,5,6 games in a row? Notice I said when not if. Using the martindale system, you will evenually get burned and blow your bankroll.
                                no... use a money management system that controls risk...

                                if you bet .5, 1, .5 three losses would equal 2 units... 6 losses would equal 4 units with my system...

                                Winning "A" bets would require only 8 wins to cover those losses...no big deal at all!


                                Its all about money management within the chase.
                                Comment
                                • G's pks
                                  Restricted User
                                  • 01-01-09
                                  • 22251

                                  #17
                                  Justin I am no fancy mathematician but I know how to control my money in a chase and win.... Sorry not everyone loses chasing... I hear you say it all the time... and just move on...winning that is... G.
                                  Comment
                                  • Johnny 55
                                    Restricted User
                                    • 05-16-09
                                    • 1079

                                    #18
                                    I wish I could sell short 1 million dollars worth of G's pks stock.
                                    Comment
                                    • G's pks
                                      Restricted User
                                      • 01-01-09
                                      • 22251

                                      #19
                                      Originally posted by Johnny 55
                                      I wish I could sell short 1 million dollars worth of G's pks stock.
                                      You can sell short whatever you want...did you sell msft short twenty years ago?

                                      Johnny...why don't you post a season long thread and lets see how you do...

                                      Oh wait...you may want to post a pick first!
                                      Comment
                                      • BestPlay2day
                                        SBR Hall of Famer
                                        • 08-25-08
                                        • 5794

                                        #20
                                        Originally posted by G's pks
                                        no... use a money management system that controls risk...

                                        if you bet .5, 1, .5 three losses would equal 2 units... 6 losses would equal 4 units with my system...

                                        Winning "A" bets would require only 8 wins to cover those losses...no big deal at all!


                                        Its all about money management within the chase.
                                        My post was for the guy who started this thread as he was betting way too high % of his bankroll on these bets. A 4 game losing streak would wipe out his entire bankroll.
                                        Comment
                                        • cabrerjc
                                          SBR Rookie
                                          • 09-07-09
                                          • 14

                                          #21
                                          Going with G's money management system it seems that no matter if you win or lose the C bet you lose for that series, which is conservative but will keep you from losing a lot. Depending on how you wanted to play it, you could also rebet 1 unit on game C. If you win game C then you will lose less, but if you lose game C you will be down 2.5 units.

                                          Another possible bet on game C could be 1.5 units, so that if you win you break even for the series and if you lose you'll be down 3 units. That's assuming even money though. It really all depends on how risky or conservative you want to play it.

                                          I think that I can incorporate G's money management strategy and decide how many units I want to risk, as well as use my own money management so that the amount a unit is worth increases while still decreasing the % of total bankroll.
                                          Comment
                                          • durito
                                            SBR Posting Legend
                                            • 07-03-06
                                            • 13173

                                            #22
                                            Using a chase system to control risk?

                                            No wonder the USA does so poorly on math tests.
                                            Comment
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