Just wondering what are proper wager amounts? I've been using 5% of my bankroll on straight wagers, and around 2% if I intend to follow a progression type wager scenario for a few bets. Does this sound OK? Thanks everyone.
-
-
I'm no expert but 5% is a lot, unless your bankroll is some small number which is easily replenished. It's pretty easy to go 0-10 every once in a while in which case you just wiped out half your roll.Comment -
5% is a lot. Pros will suggest .5%-1 or 2% and to weight the amt on strength of play. If your bookie has a line 4 points off a hoops half, you'll want to break that 1% rule. The most important thing when investing is to stay in the game. Players, and bookies, both see their bankroll as a scorecard and as long as they have bullets to fire they plan to be up at the end of the year. Then before they know it that 20 unit pick that lost turns out to be something they can't recover from.Comment -
5% is too much, I would prefer 1% - 2%. But it depends on the odds. If you play high odds, then even 1% - 2% is too much. Another point is the frequency of the new calculation of the stakes. The best way is to adapt the stakes as often as possible.Comment -
2% OR LESS. Anything more... you're playing with fire.Comment -
There is just no fixed answer to this question.
It very much depends on what you are betting and the odds.
I bet a whole bunch of different things - from tennis and golf tournament futures and horses priced at up to 100/1 and more as well as sports and horse bets as low as 1/2 (-200).
No way I'm going to be betting the same amount on those two extremes!
One solution would be to bet to take out a fixed amount - say $1,000 so that at -200 you'd stake $667 and at 100/1 only $10Comment -
I bet 50% of my bankroll yesterday on an NBA series bet (Dallas to progress vs LA, should have been -1000 or more, bookie offered -300).
You need to play with fire to cook juicy steaks.
The correct answer, as always, is (fractional) Kelly and avoid progression systems like an Aids infested razor coated dildo.Comment -
agree, Kelly is the ultimate solution but most of these guys have no handle on what the probability of their play is so can't apply Kelly to it
love your condemnation of progression / loss chasing staking systems ... how many millions of gamblers have been ruined by them ?Comment -
If you are not comfortable with quantifying your edge (Kelly), bet TO WIN 2%-2.5% of you bankroll. Betting TO WIN at all times prevents you from overbetting dogs.Comment -
to sum up, 5% of your bankroll is too much for most bets. perhaps it's ok for big favourites.
especially betting 5% on a dog is very risky. not because you can lose, but because the adrenaline rush of winning can bring bad decisions in the future.Comment -
Not exactly. It's just simple statistics:
Imagine a bankroll of $10,000. You bet on only one thing, and that is tossing a penny. If you were getting the fair price (+100), and you bet 5% ($500) of your bankroll on each toss, you will go broke faster than if you were betting 2.5% of your bankroll (variance).
Basically, your bankroll is more volatile when betting more per game.Comment -
It really does depend on what you are betting on.
I have had success for a long time using this method:
-3% for run line straight bets ~2.10-2.40
-1.5% for correlated parlays (visitor fav vs home dog) I will parlay the visitor fav ml and the over for ~3.2x payout
-1% for triple paylays, usually 3 1.9x standard spreads in nba or nfl
-1% for double dogs (2x mlb dogs parlayed, usually 2.0-2.3x x 2 ~ payout is 4-5x
Each day presents different betting options. As well each season brings different sports so you got to have more then a few betting
strategies. Some days i win the run line, but lose totals. Other days i lose totals, but win rl. Some days I win them all and some I lose, but i spread my money around and make a decent profit. If you bet 1-2 games per day, you put too much into them, as well, you sweat a lot more. It may not seem important but it is. When you bet 10 games and lose 1 or 2, it doesnt hurt as much as betting 1-2 games and losing. In the end, the same amount of money is bet, but you will be a lot better off mentally and staying sane and composed translates into better overall success. GLComment -
Here's an interesting tidbit of math:
If you wager 2 games a day (730 plays per year) and can maintain 55% win percentage and wager exactly 5% per wager. In about 6 years a 2k bankroll will be over 1m.Comment -
I just bet the max while I still can at these rec shops.
Limits will go from $500 to $1 in less than two months.Comment -
It depends on your bankroll. If your bankroll is small (500-1000), then you can use %5.
If your bankroll is large, (10k or 20k) then use %2.Comment -
Actually, it depends on odds too.
For example, even %3 can be risky for a horse race bettor who bets on odds like 33/1, 25/1.Comment -
Bet only what you can afford to lose. Very simpleComment -
How replaceable is your bankroll and how important is it to you?
When I started I could overbet massive fractions of my bankroll because my roll was a week's salary so if I burned out I could replace it and I wanted to start playing with house money.
Now I am more cautious because it would take me longer to get back to where I am if I chump off my roll.
If I stop working and just bet for income (if and when work starts sucking) then I will be more cautious still because my roll will be vital and irreplaceable.Comment -
goodluck man
Comment
