On average, how much of your bankroll do you risk per bet?

[valueman]

If you have no way of differentiating a good play to an average play - either you don't have the experience and/or system to then fixed percentage bankroll bets is the only way to go but I believe the more advanced handicapper can use kelly criterion effectively to have variable size bets.

At the end of the day if you don't have positive expectancy about all your bets you shouldn't be betting.

 

[Insiders]

How would a bookie even know the customer was playing 1%, you could be betting 1k at 5 books, with a total balance of 10k (50%) or you could be betting 1K with a 100K in reserve, the bookie has no way of knowing.

I see what you are saying. But. The way i was trying to explain is this....
If a player has 5000 up at ONE store and he bets 50.00 per game that is 1% of THAT bankroll.

You guys Still dont understand that if a bookmaker is looking at your balance and see that you are playing 1% of the balance, they just laugh and say "Well wished we had MORE of those kind as the Grind and the Vig will get this guy Sooner or Laters" Been there done that!

This bookmaker could give a shit less if you have 100000 accounts as the one at his shop is the only one that matters to him.

Sometimes people forget that these watchdog sites are powered by the offshore shops money due to advertiseing. So guess what? The watchdog sites "could" have been instructed by the offshore shops to Drum that into players heads, to play that 1-2% of the posted money? Could be??

As mentioned Many times i Dont agree with ALL that goes on here, but as i have Always mentioned, to EACH their own.

 

[Insiders]

My sentiments EXACTLY! 1% for intertainment, 10% for The Biggies, which average from 5-10 per College Football season ONLY! Insiders, you and I seem to be joined at our older hips:lolBIG: Are you in the mountains? LT :money8:

Mr Rx brother i just happened to be around a PC and just dropped in to kill a little time.

I do feel that Everyone has a certainly "style" or way of playing and that NO one can tell someone else how to play their money, as in this 1-2% theroy.
If someone cant tell the difference in a Good play, and be able to rate the size of it, they are in for a long road.

This topic has been discussed more than once here.

One has to wonder that if some are not directed here to place this is some of the newbies minds. And after thinking about it, for the newcomers this might be this best way to learn the ropes.
But as far as myself and you, amoung a "few" are concerned around these parts this system of the 1-2% isjust NOT us, thats all.

BOL to you as Always !

 

[CoachLT]

Mr Rx brother i just happened to be around a PC and just dropped in to kill a little time.

I do feel that Everyone has a certainly "style" or way of playing and that NO one can tell someone else how to play their money, as in this 1-2% theroy.
If someone cant tell the difference in a Good play, and be able to rate the size of it, they are in for a long road.

This topic has been discussed more than once here.

One has to wonder that if some are not directed here to place this is some of the newbies minds. And after thinking about it, for the newcomers this might be this best way to learn the ropes.
But as far as myself and you, amoung a "few" are concerned around these parts this system of the 1-2% isjust NOT us, thats all.

BOL to you as Always !

Insiders, you are correct that we all have different MOs. Experience has a big part how each of us do things. As you mentioned earlier, you still have to pick winners. I am probably a little more aggressive, while winning, than others. The veteran players have a sixth sense about when to increase their wagers. For the newbies it is a sometimes long process. With the internet and all of the info available, players are now having much more at their fingertips to help them out. What works for one might not work for someone else. Each of us ultimately has to be responsible for ourselves.


As I said earlier, I usually have a TWO- Total Wipe Out week- where I will lose 5 of 7 plays. I know it is coming and try to mentally prepare for it. My FORMER belief in the so called watchdog sites have taken a beating from what has happened in the last couple of months. Sort of like finding out there is no Santa Claus. LT

 

[JudgeWapner]

Levi, used to know one of the guys who pretty much revolutionized sports betting. He would play 1,2, or 3% depending on the strength of the play.

 

[billpapa]

Less than 1% typically

 

[Iceman]

really the best answer depends on how big your bankroll is. The bigger the bankroll, most likely the smaller the percentage bet.

 

[levistep]

I see what you are saying. But. The way i was trying to explain is this....
If a player has 5000 up at ONE store and he bets 50.00 per game that is 1% of THAT bankroll.

You guys Still dont understand that if a bookmaker is looking at your balance and see that you are playing 1% of the balance, they just laugh and say "Well wished we had MORE of those kind as the Grind and the Vig will get this guy Sooner or Laters" Been there done that!

This bookmaker could give a shit less if you have 100000 accounts as the one at his shop is the only one that matters to him.

Sometimes people forget that these watchdog sites are powered by the offshore shops money due to advertiseing. So guess what? The watchdog sites "could" have been instructed by the offshore shops to Drum that into players heads, to play that 1-2% of the posted money? Could be??

As mentioned Many times i Dont agree with ALL that goes on here, but as i have Always mentioned, to EACH their own.

Most people who chase losses or vary their bet are longterm losers and the books welcome this kind of action. Last year during MLB, I had a 15% ROI while varying my bets. I checked my excel spreadsheat and changed every bet to the average bet and I would have had a 16% ROI if I did the same bet for each game.

The books won't like it if the bet varying is coming from the 1% of bettors who actually make more that way, but they'll gladly accept it from the other 99%.

 

[Insiders]

Levi

Ask Judge which he prefers. A player who plays the exact amount per game, or one who plays in units of 1-5?
Bookmakers love players that play the same amount per game.

Sure one must be able to pick winners Frist off.
Secondly a player Must be able to tell the difference between a small and large play.
As you mention chasers are dead, some are just not stinking as of yet!

As Coach LT mentiones he along with myself bet more when on a winning streak.
I even know some ole timers that have been around for 50 years playing sports that play sports kinda like some play craps with a Speed Press System while on a Winnning streak. Sure they lose the LAST bet, but sometimes they have taken down HUGE scores while playing a winning streak as well.
Some of the most succesful people known to ALL of sports wagering play in units of 1-5 in football and basketball, college of course !

 

[JudgeWapner]

Insiders is right. The guys who play the same increment are no danger to beat me. They tend to spread their money around also. The sharp bettors always weight thier games depending on the value they see. If you are a proffessional, certain bets HAVE to stand out as better value. If a sharp calls in and wants a game for as much as you will take, you are in trouble. BTW, the guys who usually play the same amount, seem to only increase bet size when they chase.

 

[Journeyman]

I see what you are saying. But. The way i was trying to explain is this....
If a player has 5000 up at ONE store and he bets 50.00 per game that is 1% of THAT bankroll.

You guys Still dont understand that if a bookmaker is looking at your balance and see that you are playing 1% of the balance, they just laugh and say "Well wished we had MORE of those kind as the Grind and the Vig will get this guy Sooner or Laters" Been there done that!

This bookmaker could give a shit less if you have 100000 accounts as the one at his shop is the only one that matters to him.

Sometimes people forget that these watchdog sites are powered by the offshore shops money due to advertiseing. So guess what? The watchdog sites "could" have been instructed by the offshore shops to Drum that into players heads, to play that 1-2% of the posted money? Could be??

As mentioned Many times i Dont agree with ALL that goes on here, but as i have Always mentioned, to EACH their own.

I would be shocked to learn many people had 5 dimes in an offshore account and were betting just $50 a pop, I would guess that would be a very low percentage of people, if any.

 

[Journeyman]

If I were booking I would also be thrilled with a guy sending me 5 dimes and betting just 50 a pop.

 

[Iceman]

If I were booking I would also be thrilled with a guy sending me 5 dimes and betting just 50 a pop.

the only thing in reverse is you won't win alot of money off of guy like that. It goes both ways. They almost play not to lose.

 

[CoachLT]

Insiders is right. The guys who play the same increment are no danger to beat me. They tend to spread their money around also. The sharp bettors always weight thier games depending on the value they see. If you are a proffessional, certain bets HAVE to stand out as better value. If a sharp calls in and wants a game for as much as you will take, you are in trouble. BTW, the guys who usually play the same amount, seem to only increase bet size when they chase.

First off, this is my # 3,000 th post and it is a great post that I am replying to. Judge, my respect for you has always been high. You have reached the ultimate in respect from me, FWIW:lolBIG: Your reply has said it ALL! That is why, for me, ALL bets do NOT have the same value! You develope a "feel" and when you get that "feel" backed up with facts that have been successful for you over a long period of time, you have to PUNISH the man! I am speaking of College Football only for me. If there is an after life for me, I hope there is College Football and that I can wager on it. Toe Meets Leather! LT :toast: arty: :money:

 

[tsm123]

If you have to ask a question about money management, you may want to follow this rule of thumb -

"minimal exposure of your bankroll and conservative wagering"

 

[Insiders]

Insiders is right. The guys who play the same increment are no danger to beat me. They tend to spread their money around also. The sharp bettors always weight thier games depending on the value they see. If you are a proffessional, certain bets HAVE to stand out as better value. If a sharp calls in and wants a game for as much as you will take, you are in trouble. BTW, the guys who usually play the same amount, seem to only increase bet size when they chase.

Thank you Very much Judge for this post, and this should put this topic to bed.

 

[Iceman]

first of all, I think it is safe to say there is no perfect answer. For someone with as much expierence like Insiders than adjusting your bet size probably is the best way to maximize your profits. For a beginniner flat betting 1% or less is the best way to go. It keeps you in the game longer while you learn. I am sure most would agree this to be true.

I am sure that this topic has been talked about up and down since this forum started. Money management seems to be the most popular subject on here.

 

[Insiders]

Ice

We found something that we both agree on. There is NO perfect way for the beginner, thats for sure.

But after you and others have been around for a few years, you will move away from the flat bet, and the 1-2% therory.

One has to be able to tell the difference in a Big play and just a Regular play before it becomes profitable.

We have discussed this many times. Some think that limiting the exposure is the best way, and you know that i agree with that. Quality NOT Quanity !

Now on the other hand bookmakers loves to see players get strung out All over the map betting the same amounts. As some know thats NOT what i want to do in Any sport. I myself perfer the 1-5 unit way. But as i Always say "to each their own"!

 

[5teamparlay]

I’m ALL IN Everytime

 

[Willie99]

defining bankroll as being what's in your gambling account, anywhere from 5% to 100%, with 10% being a good average