Labby for MLB Dog plays only

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  • Roscoe2330
    SBR Rookie
    • 12-05-10
    • 36

    #1
    Labby for MLB Dog plays only
    I've been playing MLB dogs and been having a decent amount of success thus far. I am really trying to focus on money management as that has been my biggest downfall in years past. As such, I am trying to apply a Labby line but have some questions and am looming for any guidance / help / suggestions / etc that anyone can provide (and hopefully help some others along the way).

    As I mentioned, I am playing only MLB underdogs and wagers are all "to risk" amounts. I have been playing 2-6 games per day and for my amount, take the last two numbers, add them together, and play that amount for each game. I'm a bit unsure how to cross off numbers and how to add them to the end because the plays are all +$$$ plays. Beacuse I am playing multiple dogs, I am basically trying to adjust the line based on the net performance each day.

    So say I end a day 3-2 but up 5.5 units. I am playing a line of 10 1's (1-1-1-1-1-1-1-1-1-1) would cross off 6 of them but add 0.5 at the end. And if I lose, because I am playing multiple games, I would divide up a days total loss and add it to the end not as one number but separate units as well.

    Sorry if this is confusing - as you can tell, I'm searching for the best approach and any help would be much appreciated. Thanks.
  • That Foreign Guy
    SBR Sharp
    • 07-18-10
    • 432

    #2
    The best approach involves not using any dumb ass progressive "money management" system.

    If you don't know your edge bet to win 2% of bankroll until you do, then bet a Kelly fraction.
    Comment
    • Peregrine Stoop
      SBR Wise Guy
      • 10-23-09
      • 869

      #3
      In the words of that great song by Woody, "Kelly Kelly Kelly Kelly Kelly Kelly Kelly Kelly Kelly Kelly...."
      Comment
      • chunk
        SBR Wise Guy
        • 02-08-11
        • 808

        #4
        Love that song.
        Comment
        • jgilmartin
          SBR MVP
          • 03-31-09
          • 1119

          #5
          Originally posted by That Foreign Guy
          If you don't know your edge bet to win 2% of bankroll until you do, then bet a Kelly fraction.
          Can we just sticky this in a locked thread called 'Read before creating a thread about money management'?
          Comment
          • That Foreign Guy
            SBR Sharp
            • 07-18-10
            • 432

            #6
            But then I'd have to venture elsewhere to engage in my hobby of trying to find ways to insult people and be helpful simultaneously.
            Comment
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