money management advice

[Dan Jensen]

Firstly I want to thank all the posters on SBR forums I have learn't alot from you guys.


I am new to Handicapping, but have a system in place.

I have learnt from the posts about picking the lowest juice books and getting the best lines.


I now need your help on bankroll management.

I am planning on the following.

maximum of 20% of my bank roll risked a week.

Based on 20 bets a week that would be 1% per bet.

At early stages i am flat betting.

I plan to set the Bankroll at start of each week

and modify each week rather than by day.

what do you guys think?

[pavyracer]

Do not base your choice of book to the lowest offered juice. Base it on what book has the highest probability to pay you in the remote chance you request a payout.

[Louisvillekid1]

sounds like your have a solid plan

[Dan Jensen]

would you guys agree at 20% of bankroll per week?

[SBR Lou]

If you have learned a lot about money management from reading this board I question your eyesight.

Welcome to forum.

[pavyracer]

would you guys agree at 20% of bankroll per week?

That sounds reasonable. 3-5% per day of my bankroll is what I risk unless I'm on the other side of jjgold's picks where I break my rule and double down.

[Wheell]

It should actually be based on bankroll per bet, not bankroll per week.

[Dan Jensen]

wheell i have found that when i paper test if i bet 1% on each bet I could be betting as much as 50% + of my bankroll.

Hence i will set the weekly %

I still think i will get close to 1% on bets but i dont want to risk high % of my bankroll in a week

I can see how this could easily happen
especially on college basketball with so many games in a week

[SPECULATOR 13]

It should actually be based on bankroll per bet, not bankroll per week.

i'm with you here wheelly,
if you know yourself and your gambling accuracy rate and have discipline you can bet more than the 2-5% per bet average therefore maximizing your profits at a relatively low risk(remember you must have the perquisites mention above or they'll be tears!!) .You must also have a THOROUGH understanding of a line and The Break-Even Point attach to it.Good luck to you Dan Jensen

[Dan Jensen]

thx spec 13

as i'm starting out i want to be careful once i have evidence i am consistently winning then i will raise the %

[MrX]

If you don't have evidence that you are placing +EV bets, then 0 is the perfect bet size, and conducting better research will be the best use of your time.

If you do have evidence, then there is tons of great information already posted to help you with bet sizing. There is more useful information discussed on this topic than any other IMO. You won't have to look far.

Understand that limiting yourself 20% per week will also limit your bankroll growth if you're +EV. The only way it makes any sense is if your personality cannot handle larger swings in a shorter real-time duration. It will not reduce your expected swings, it will only stretch them out on the calender.

[MrX]

Actually, I'm wrong.

If you have a fixed number of bets and you lower bet size to stay below 20%/week, you will reduce swings (at the expense of bankroll growth).

If you reduce the number of bets to stay below the mark, then you'll just stretch your swings out.