Tulsa,
I think you have a GREAT idea here. I have recently re-sized (reduced) my BankRoll from last year. Last year, my bank roll was my entire liquid net worth.
When the bankroll is your entire liquid net worth, with 1% as a unit, it's hard to fall asleep during a game. They ALL matter.
The problem is, when you run into a bad losing streak, you will probably break (as I did) because SCARED MONEY ALWAYS LOSES. During the bowl season last December, about 7/8's of the way through my losing streak from hell, I decided to set a firm number aside as my official bankroll and stop kidding myself that everything at Ameritrade was part of the bankroll.
So...the only problem is, if I place my typical 13 to 15 wagers on a Saturday, with the reduced bankroll, I might have money on 3 really good TV games that I want to watch. I figure my expectations on the wagers, depending on the system, would return anywher from 4 to 12% of what I wager over the long haul. In the past, I've always played each game the same amount. With a bankroll that I can actually afford to lose, a unit of 1% of that amount is hard to get excited about.
On a typical Saturday, I might have a play on W Michigan at Central Michigan and a play on Ohio State at Texas. No TV on WMU/CMU but Ohio State @ Texas has GameDay there AND it's the marquis game on ABC at 2:30. Playing both games the same amount is what I've always done in the past.
I think it makes sense to put a lot more on the good TV games and put less on the non-televised games. It will be a real downer if you go through a season and hit a bad losing percentage on just the TV games, but it could just as easily go the other way and you'd probaby get the "apology" in a future season.
Perhaps a system like this:
.5%
.5%
.5%
.5%
.5%
1%
1%
1.5%
2%
2%
Just force yourself to play all 10 specified units to ensure that you average 1% per play. So if everything on the card is scratched off with the exception of a .5% play, and a Thursday night football game is on TV and your "system" calls for a bet on that game, you have no choice but to play the remaining .5% unit. Then, on the Friday night game, if you have another "system" bet, you can choose any unit size you want.
Later,
Books Worst Enemy
I think you have a GREAT idea here. I have recently re-sized (reduced) my BankRoll from last year. Last year, my bank roll was my entire liquid net worth.
When the bankroll is your entire liquid net worth, with 1% as a unit, it's hard to fall asleep during a game. They ALL matter.
The problem is, when you run into a bad losing streak, you will probably break (as I did) because SCARED MONEY ALWAYS LOSES. During the bowl season last December, about 7/8's of the way through my losing streak from hell, I decided to set a firm number aside as my official bankroll and stop kidding myself that everything at Ameritrade was part of the bankroll.
So...the only problem is, if I place my typical 13 to 15 wagers on a Saturday, with the reduced bankroll, I might have money on 3 really good TV games that I want to watch. I figure my expectations on the wagers, depending on the system, would return anywher from 4 to 12% of what I wager over the long haul. In the past, I've always played each game the same amount. With a bankroll that I can actually afford to lose, a unit of 1% of that amount is hard to get excited about.
On a typical Saturday, I might have a play on W Michigan at Central Michigan and a play on Ohio State at Texas. No TV on WMU/CMU but Ohio State @ Texas has GameDay there AND it's the marquis game on ABC at 2:30. Playing both games the same amount is what I've always done in the past.
I think it makes sense to put a lot more on the good TV games and put less on the non-televised games. It will be a real downer if you go through a season and hit a bad losing percentage on just the TV games, but it could just as easily go the other way and you'd probaby get the "apology" in a future season.
Perhaps a system like this:
.5%
.5%
.5%
.5%
.5%
1%
1%
1.5%
2%
2%
Just force yourself to play all 10 specified units to ensure that you average 1% per play. So if everything on the card is scratched off with the exception of a .5% play, and a Thursday night football game is on TV and your "system" calls for a bet on that game, you have no choice but to play the remaining .5% unit. Then, on the Friday night game, if you have another "system" bet, you can choose any unit size you want.
Later,
Books Worst Enemy
