Money management question??

[WolverineFan]

I was wondering if anyone had any thoughts on my situation which I know other peoplr probably have..I do almost all of my betting through a local bookie and if you use money management, like alot of people do here in this forum, you would just bet a small percentage of your bankroll...The problem is I just text whatever games I want to take and I don't know if I should just bet a flat amount on everything or what would be the best way for me too make money..If anyone has any thoughts on this I would greatly appreciate it..I could open an offshore account but I just like the availability of a local...

[Chi_archie]

do research on Kelly Criterion

[ZetaPsi808]

i recommend only betting offshore. bookies will collect from you when you lose and will stiff you when you win

[warriorfan707]

Kelly criterion is the stupidest shit I have ever heard imo, there is no proper way to estimate the variables that need to be taken into account to come up with the supposed proper numbers.

If you are going to do Kelly betting, you might as well just apply a unit value to your plays based on how confident you are on the play and make things a helluva lot easier on yourself.

[GRUMPERZ]

Kelly criterion is the stupidest shit I have ever heard imo, there is no proper way to estimate the variables that need to be taken into account to come up with the supposed proper numbers.

If you are going to do Kelly betting, you might as well just apply a unit value to your plays based on how confident you are on the play and make things a helluva lot easier on yourself.

lolololol