Hi there:
Ganchrow I was just wondering if you were going to post Part III in this very informative series.
Since it is likely that most of us bet on more than one game per day (at the same time) with different odds (moneylines as opposed to spreads) I've often wondered how wageing should be handled when there are different EV values on each game. Stanford Wong gives kind of a rule of thumb suggesting that if you place bets on games that have at least an EV value of 5%, and if 1.5 - 2.5% is your win rate, then you should be able to wager on many games without risking too much of your bankroll. I find that the 1.5-2.5% to be too high of an amount. Maybe my calculated edges are too high (and maybe unrealistic). I try not to ever expose more than 1/3 of my bankroll in any given wagering session. Is this a good rule of thumb?
I'm sure that you'll chuckle at these "rule of thumbs" because your ideas are heavily mathematically based which is what I like! After searching many forums, I think that your advice on these matters is likely the best.
Is Part III coming around?
Later...
Ganchrow I was just wondering if you were going to post Part III in this very informative series.
Since it is likely that most of us bet on more than one game per day (at the same time) with different odds (moneylines as opposed to spreads) I've often wondered how wageing should be handled when there are different EV values on each game. Stanford Wong gives kind of a rule of thumb suggesting that if you place bets on games that have at least an EV value of 5%, and if 1.5 - 2.5% is your win rate, then you should be able to wager on many games without risking too much of your bankroll. I find that the 1.5-2.5% to be too high of an amount. Maybe my calculated edges are too high (and maybe unrealistic). I try not to ever expose more than 1/3 of my bankroll in any given wagering session. Is this a good rule of thumb?
I'm sure that you'll chuckle at these "rule of thumbs" because your ideas are heavily mathematically based which is what I like! After searching many forums, I think that your advice on these matters is likely the best.
Is Part III coming around?
Later...
