cubsfn4ever said:
GL with the picks tonight. I'm curious what you'd suggest as a money management system for following your picks. For example, on an average night you are risking about 15 units. What % of your bankroll are you willing to risk. I've heard some players say the don't want to risk more than 5% of their bankroll on any night which would require about a 250 unit bankroll for your picks. That seems kind of high but with a 100 unit bankroll you'd have nights where you are risking 15 % or more of your bankroll. I've also heard players recommending using a "half kelly" system to increase your bets as your bankroll increases. I'd be interested on you input.
Thanks.
Well to be completely honest I wouldn't be able to make a good suggestion without knowing a lot more about ones individual bankroll, and I really wouldn't want to even then.
I have about 50k as a bankroll, but I really am not sure how far I would go if I started losing say 75-100 ($7,500-$10,000)units.
I make my plays according to where my bankroll is at the current time, and how confident I am at the current time....Example- early on most of my plays were for 2 units ( to win or risk 200) , after I heated up and the season started to unfold and I started feeling more confident and my balance went up so I started upping my units to 300 -400- 500, Obviously 500 being the highest.
Personally I don't risk more than 1% ($500) on any one play....I use to but not anymore.