Bank roll management is the #1 rule in poker. It will keep you from going broke without question as long as you really and truly follow and stick to it. A poker pro Chris Ferguson said years ago "never sit down with more than 10% of your entire bank roll per session". Nowadays the school of thought is to have 20-50 buy ins for what ever level you play, meaning if you play 1/2 no limit holdem, a buy in is generally 100 big blinds or $200. That being said your bank roll should be $4000-$10000 for that level and if you stick to BRM you will not feel the sting of losses and that bitch called variance.
Now in sports betting (which i am green at) you wager in units. I want to know what is proper BRM. Should a unit be between 1%-2% of my bank roll or higher? Example $1000 Bank roll each unit would be $10-$20 if my math is correct. I am going to try a serious shot with Baseball to see what happens if i truly stick with proper BRM. It took me a long time to learn this lesson in poker but it works. Thanks for any help.
Broke Homey
Now in sports betting (which i am green at) you wager in units. I want to know what is proper BRM. Should a unit be between 1%-2% of my bank roll or higher? Example $1000 Bank roll each unit would be $10-$20 if my math is correct. I am going to try a serious shot with Baseball to see what happens if i truly stick with proper BRM. It took me a long time to learn this lesson in poker but it works. Thanks for any help.
Broke Homey