Is moneymanagent a bit overrated depending on the situation?

[paco]

Say u deposit 2k in a book, technically mm is to bet what 1%? Come on, what will a $20 wager do for us action junkies?

[gman2114]

max bet should be 2k, bet with balls or just bet SBR points for action

[paco]

I would bet $75-$100 /game with a 2k roll.

[pavyracer]

Always bet what you can afford to lose.

[jayc88]

if you bet 10-20 games one bad day might wipe out your entire account balance,
if you only bet a few games each day, 75-100 per game is perfectly okay imo

[BestPlay2day]

I think the 1 or 2% rule applies to a bettor who bets a ton of games everyday.

[iceminers26]

I agree, 100/game with a 2k bankroll is ok if you are only playing 1 to 2 plays daily.

[iceminers26]

When I think of money management I think of eliminating chasing.

I use to chase early on in my betting career but overcame this by no longer putting in plays on the go. I now put in all my plays prior to the start of the earliest game on the board and do not add to it, most times don't even watch the games.

[paco]

When I think of money management I think of eliminating chasing.

I use to chase early on in my betting career but overcame this by no longer putting in plays on the go. I now put in all my plays prior to the start of the earliest game on the board and do not add to it, most times don't even watch the games.

that may prevent u from getting better lines though. Where if a line drops a point b4 gametime can decide a win loss or even a push

[jayc88]

When I think of money management I think of eliminating chasing. I use to chase early on in my betting career but overcame this by no longer putting in plays on the go. I now put in all my plays prior to the start of the earliest game on the board and do not add to it, most times don't even watch the games.

same applies for me as well,
i#ve been using the 1-2 % rule for a quite a while now and i dont have the urge of chasing my losses, even if go on a nasty bad streak

[G's pks]

bet to build a bankroll not to lose it... I bet as low as $5 and as high as $1000... Pick your spots and the bankroll should grow nicely allowing for larger wagers. Of course you have to be able to pick your spots! Also if it is just an action/entertainment bet treat it like that with a small wager... Do not overbet, study and know what you are betting...

I like to start out my week winning and the bets get larger as the week goes on...or I get defensive if the week starts bad and just work on ending week positive... I have not had to many losing weeks this year...plenty of small amount wins...no large amount losses... Makes it a lot easier...

[iceminers26]

that may prevent u from getting better lines though. Where if a line drops a point b4 gametime can decide a win loss or even a push

Yes, have to agree with you on that, but its better than chasing with a big, late nite play.

[iceminers26]

Jay

Yeah, I set a normal play of 5% and have been sticking to it, its way more enjoyable this way.

[iceminers26]

G

I agree, bet to build a bankroll and it is key to pick your spots.

I also have narrowed down my plays on a nightly basis which has helped me out.

[iceminers26]

Good Thread

[poker_dummy101]

No

You should be betting every line that you believe is +EV whether 1 to 100% of your bankroll.. spread out with nothing over 5%. and whether its 1-100 games a night

If you can easily deposit another 2k then do whatever you want, but 1-5% is needed on whatever bankroll you have in the "larger picture" so you don't go broke.

[Jack Napier]

if you don't bet 100 games a day nothing wrong with around 3% of BR a bet

[lakerboy]

On a given week there are about 5-7 games in my mind that i feel really strong on. I bet those bigger and bet the rest small. That keeps me above water constantly cause i hit 4-5 of those big bets.

[Jack Napier]

On a given week there are about 5-7 games in my mind that i feel really strong on. I bet those bigger and bet the rest small. That keeps me above water constantly cause i hit 4-5 of those big bets.

Not a bad idea, I disagree strongly with the "unit" bettors who bet the same amount whether they love the game or betting for action, whatever works for people though

[pavyracer]

On a given week there are about 5-7 games in my mind that i feel really strong on. I bet those bigger and bet the rest small. That keeps me above water constantly cause i hit 4-5 of those big bets.

This is a very good strategy.

[urge2kill]

Good bankroll management is the only reason I'm not broke right now.

[twister]

If you are looking to build a bankroll, i.e I'm starting my gambling career with $2,000 and looking to build that up year on year, then money management is VITAL.

If you are a degenerate, i.e I'm going to put $2,000 in my account, if I lose it I will just re-up with another $2,000 asap, then money management don't mean sheeit.

[Sam Odom]

Total Gambling Bankroll = Balances at all offshore books + monies set aside for Locals.

So 1-3% MAX. Sometimes 1/2% wager is warranted

[GELATINOUS CUBE]

Whatever works for you guys. Sam o is probably right, but i would 10% on each solid bet and i would bet the whole $2000 every day. So $200 on each bet or maybe $100 or $50 if it's like a side bet or prop that you like. You'll have $3000 by the end of the night and then $4000 the next day. Then maybe withdraw $1000 and go buy some shit.

[wal66]

Money management is for those serious about sustaining a constant place in the game or those who have a set goal for for a specific situation. Money management is for the long term INVESTOR who takes this seriously and isn't just out to make a few quality scores. Money management takes dedication and will power and a clear focus on an objective. It's not overrated but it's not for everyone.

[Masu485]

what % of BR should i wager if i only play 1 game per day? right now i'm doing 3.33%. too low, high, or just right?

[BubbleBobble]

You have to adjust your bet size to the value it offers...flat betting is for squares and a good way to become addicted, as you will never be satisfied on a win.

[wal66]

No-one should ever tell anyone how or what to wager. There are endless situations unique to each individual. People should do what they feel is best for them. As long as they aren't putting the action before responcibilities the to each their own.

[iceminers26]

Well put Wal

[BobHarvey]

On a given week there are about 5-7 games in my mind that i feel really strong on. I bet those bigger and bet the rest small. That keeps me above water constantly cause i hit 4-5 of those big bets.

Good strategy.

[Sawyer]

I think the 1 or 2% rule applies to a bettor who bets a ton of games everyday.

That's right. If you're playing only 2-3 plays/day, %5 is ok.
If you're playing lots of games, you should bet %2-3..

It depends on your bankroll as well..

Here's my suggestion..

2,000 %5
5,000 %4
10,000 %4
20,000 %3
50,000 %2

[urge2kill]

I'm a big fan of Kelly bet sizing.

[20Four7]

I'm a big fan of Kelly bet sizing.

Ding ding ding we have a winner..... but that also means quantifying your edge. If people could do that they wouldn't ask the questions that the OP did.

[jjgold]

When I think of money management I think of eliminating chasing.

I use to chase early on in my betting career but overcame this by no longer putting in plays on the go. I now put in all my plays prior to the start of the earliest game on the board and do not add to it, most times don't even watch the games.

That is actually a good way to bet, many of us add to it all the time as we see how we are doing.

[Nicky Santoro]

yes money mgmt is overrated if you bet into bad #'s.. even if you have a 2k bankroll and you bet 3$ a game, OR 1800$ a game, you will lose it all.. you have to play into weak #'s for this to work. if you just bet into any #'s and use good money mgmt, you lose anyways.

money mgmt only works if you play into weak #'s and don't bet over your head.. in gambling, the key to winning is to not run out of money.. if you do, it's over...and to avoid this, just play into weak lines, and never chase, and you'll be ok.