Seeking: Money Management Help

UntilTheNDofTimE · 02-12-10, 02:34 AM

for beginners id suggest betting 10-20 a game until your bankroll increases and then form there you can increase your bet size. it really depends on how much you bet as well. if your making 4 wagers a week 10-20 might not do it for you even if your trying to make it last.

Mr. Peepers · 02-12-10, 02:36 AM

My rule of thumb is 10% of roll....It wont kill you if you lose but will still get the juices flowing

1st and Ten · 02-12-10, 02:37 AM

Originally posted by UntilTheNDofTimE

for beginners id suggest betting 10-20 a game until your bankroll increases and then form there you can increase your bet size. it really depends on how much you bet as well. if your making 4 wagers a week 10-20 might not do it for you even if your trying to make it last.

this sounds about right 2-4%...your time horizon on that should be about 1500 in six months factoring in superb handicapping. As the bank roll increases to about 1000 I would recommend 50/game at most

THEGREAT30 · 02-12-10, 02:38 AM

the old rule, don't spend all your money in same place or same time, universal money management truth

1st and Ten · 02-12-10, 02:39 AM

expect swings of 250.00 or more and don't chase.

Enogsiwon · 02-12-10, 02:41 AM

Go all in pal.. These money management fukks might squeak out a small profit if they're lucky.. Either way if you're betting everyday you are wasting your time..

The real money is in the websites and touting..
And of course booking yourself..

THEGREAT30 · 02-12-10, 02:43 AM

Originally posted by Enogsiwon

Go all in pal.. These money management fukks might squeak out a small profit if they're lucky.. Either way if you're betting everyday you are wasting your time..

The real money is in the websites and touting..
And of course booking yourself..

UntilTheNDofTimE · 02-12-10, 02:44 AM

if you have a bigger than a $200 roll king making 7-10% is considered very good.

if i make 7% on 50,000 over a year im very happy

THE PROFIT · 02-12-10, 02:46 AM

I got the $50 free cash from SBR at bookmaker, gonna try to actually make some money on it. First day I made 3 plays 20 to win 18 & won all 3. Now I can just play 25 on my best play of the night for a couple days until I get it up to 200. I'm trying to play it safe until I get enough in there to play the same amount on my 4-5 sharp plays per night without draining it. Money management this way is something I've had to learn over the past couple years to get in the modern age.

I'm only 33 but I'm very old school in the way I do things. From the time I was 18 I have played with a local & your money management is way different because you dont have a set amount to play with. No deposits & no available balances, only limits. If my limit is $500 per game & I lose $800 today all I have to do is pick 2 winners tomorrow. No reload.

I know its taboo around here it seems to talk about a local because this place is paid for by offshore, but if you have a good local he's worth his weight in gold in conjunction with a good offshore. Bookmaking just becoming a lost art, when the old ones die off the younger generation couldn't care less about the old ways & keeping business among the people you know. Alot of people I know aren't gonna send 10k to Costa Rica, but they'll play it in East Tennessee!

1st and Ten · 02-12-10, 02:53 AM

Originally posted by THE PROFIT

I got the $50 free cash from SBR at bookmaker, gonna try to actually make some money on it. First day I made 3 plays 20 to win 18 & won all 3. Now I can just play 25 on my best play of the night for a couple days until I get it up to 200. I'm trying to play it safe until I get enough in there to play the same amount on my 4-5 sharp plays per night without draining it. Money management this way is something I've had to learn over the past couple years to get in the modern age.

I'm only 33 but I'm very old school in the way I do things. From the time I was 18 I have played with a local & your money management is way different because you dont have a set amount to play with. No deposits & no available balances, only limits. If my limit is $500 per game & I lose $800 today all I have to do is pick 2 winners tomorrow. No reload.

I know its taboo around here it seems to talk about a local because this place is paid for by offshore, but if you have a good local he's worth his weight in gold in conjunction with a good offshore. Bookmaking just becoming a lost art, when the old ones die off the younger generation couldn't care less about the old ways & keeping business among the people you know. Alot of people I know aren't gonna send 10k to Costa Rica, but they'll play it in East Tennessee!

Sounds like a good plan you got going there. Best of Luck

tltaylor89 · 02-12-10, 03:01 AM

dooman14 · 02-12-10, 04:46 AM

spend less make more

tonyhomo · 02-12-10, 07:08 AM

Wouldnt play with a local
you could get into a hole so easily, betting on credit usually does not end very well, but Bol to you guys

G's pks · 02-12-10, 10:37 AM

Originally posted by Enogsiwon

Go all in pal.. These money management fukks might squeak out a small profit if they're lucky.. Either way if you're betting everyday you are wasting your time..

The real money is in the websites and touting..
And of course booking yourself..

I would agree with what the King said except the all in part. I spot bet and it works. I made enough last year to open a second account...this year i am up but not where I want to be..

First obviously $500 is not a lot but can you win with $500 of course.

Now read this again can you win with $500? To be honest probably not!

You sound like someone with no self control! So change it or quit...people here lose because of compulsion.

Some rules I follow..

First do your research, have a few sites you use to cap your games.

Do not pick games every single day. Or if you do just do not bet them.

Maybe go from 2-7 games a week.

Never chase a late game if you have lost.

Place your bet/bets for the night all at once. If you are sure you spot a weak halftime line which happens all the time take advantage...especially knowing you are watching the game and most likely the book is just basing it on the spread.

Do not increase bets if you lose... This way always works for me... Any loss results in me reducing my bets way down until I recover my losses..this can take a few days...but if you continue to lose...the losses will be small. Also forces you to be patient.

If you cannot pick in the 50 -60% winner range you could be in trouble, sure you can be 4-7 and be up...just not my style.

Just a few thoughts off the top of my head...do I win big this way? No...but I win... GL .

lakerboy · 02-12-10, 10:46 AM

The problem you have is that your appetite is bigger than your wallet. Throwing in 500 and betting 200 a game aint gonna work. Save up 3000 then deposit- that way you will get some good bonuses and start at 100 a game and stick to 1-2 plays a day until you are up to 5000. then make a withdrawal of 1000 and deposit that into another book and start hitting off #'s. Ps- you cant predict games - you can only beat closers and off #'s in this game. Dont play any ml's more than -125.

BillyCostigan · 02-12-10, 11:32 AM

Thanks for all the suggestions. I'm definitely not a beginner--I think laker hit it on the head, my appetite is bigger than my wallet. But, even though I'm looking for money management, I still want to have fun gambling--and it's hard to bet under $50(for me) and still get the juices flowing. Good idea on saving up to $3gs and then depositing, may do that.

JohnAnthony · 02-12-10, 11:33 AM

Whatever you end up doing I wish you good luck Billy

Justin7 · 02-12-10, 11:51 AM

If you don't know what your edge is, never bet more than 1% of your stake. In this case, that's $5/game. If that doesn't get it done, then save up money or do more research until you know your edge.

JohnAnthony · 02-12-10, 12:00 PM

Originally posted by Justin7

If you don't know what your edge is, never bet more than 1% of your stake. In this case, that's $5/game. If that doesn't get it done, then save up money or do more research until you know your edge.

Wish I could say I can follow that.

Grind House · 02-12-10, 03:07 PM

Just try to make a 100$ a day. A lot of people don't get that at a job. Once you've done that for a month and if you made a profit, move up to 200$ a day. Do get caught up seeing other people on here betting big money and stick to your system of betting.

BatemanPatrickl · 02-12-10, 03:11 PM

Billy just bet 3 games a night like G's Picks and don't tell the books how much. This way when you lose you can claim your bet was small.

Googluck!

mintybetmachine · 02-12-10, 03:27 PM

Do you have a plan? How much are you trying to make? What do you expect to make?

Do you have a tout, a system, a formula, a model? Base your unit off your style.

Since you are going to be a winning player, aren't you going to bet no more than 10-20% of your bankroll per day? Then why does your "gambling bankroll" necessarily have to be in a book if you won't be using it?

Depositing will surely be easy, but what are your deposit options? Does your book meet your needs?

Answer these questions and you will be good to go.