1. 12-18-14 03:30 PM #1
    Swaggy P
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    Conservative Betting

    Calling all math guys.

    What is the probability of losing the whole account if one bets no more than 1% of their bankroll on their first bet and then just keep chasing until you win?


    Would that be a smart way to bet and make consistent profits?
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  2. 12-18-14 03:40 PM #2
    shaunovery
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    Not really depends on your bank and how many losers you have
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  3. 12-18-14 04:54 PM #3
    Double Bogey
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    Not smart, chase systems have proven to not work long term. If chase systems worked, books would outlaw betting that way
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  4. 12-18-14 05:01 PM #4
    KiDBaZkiT
    September 2021 POTM
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    Horrible sn. Just atrocious.
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  5. 12-18-14 05:24 PM #5
    Swaggy P
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    Quote Originally Posted by Double Bogey View Post
    Not smart, chase systems have proven to not work long term. If chase systems worked, books would outlaw betting that way
    What would you say is a good betting strategy?
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  6. 12-18-14 05:24 PM #6
    Swaggy P
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    Quote Originally Posted by KiDBaZkiT View Post
    Horrible sn. Just atrocious.
    Nobody asked for your useless opinion "kidbazkit" whatever the hell that means.
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  7. 12-18-14 05:32 PM #7
    ItsMeMrMattE
    puttin 2 cents in for 3 out
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    Quote Originally Posted by Swaggy P View Post

    What would you say is a good betting strategy?
    pick more winners than losers.
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  8. 12-18-14 05:39 PM #8
    Swaggy P
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    Quote Originally Posted by ItsMeMrMattE View Post
    pick more winners than losers.
    easier said than done
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  9. 12-18-14 05:42 PM #9
    Double Bogey
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    The best way is to have the discipline to bet only 1%-1.5% of your bankroll and only when you have an edge.

    Betting that small will ensure you won't go broke from a bad run. But if you do go broke, you need to reevaluate how you calculate an edge because you are doing it wrong.

    99% of gamblers are unable to have that discipline. Most over bet their bankrolls and have to reload often. Takes a long time for this strategy to sink in because you don't get the "rush", but it's the only way to achieve long term success.
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  10. 12-18-14 05:49 PM #10
    Swaggy P
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    Quote Originally Posted by Double Bogey View Post
    The best way is to have the discipline to bet only 1%-1.5% of your bankroll and only when you have an edge.

    Betting that small will ensure you won't go broke from a bad run. But if you do go broke, you need to reevaluate how you calculate an edge because you are doing it wrong.

    99% of gamblers are unable to have that discipline. Most over bet their bankrolls and have to reload often. Takes a long time for this strategy to sink in because you don't get the "rush", but it's the only way to achieve long term success.
    Really don't have the patience for that to be honest. Would rather just not bet at all. I think it might be a smarter thing to bet very occasionally like let's say a player's number is about to be retired before a game, some anniversary ceremony of the franchise's birth etc. something like that where players will be a lot more motivated to perform. These types of games happen to win by blowout most of the time from my experience of watching sports. I think that can have some long term success. What do you think?
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  11. 12-18-14 05:54 PM #11
    Double Bogey
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    Give it a try, it's only money.
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  12. 12-18-14 05:57 PM #12
    Swaggy P
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    Quote Originally Posted by Double Bogey View Post
    Give it a try, it's only money.
    We'll see. I haven't bet for months and months, not sure if I want to start again.
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