Agree 2% is good, maybe stretch to 5% rarely. You gotta be careful when there are huge numbers of games bet, for example a person following Kojak.
I'll go 10% at times, but it's with the plan off a buy-back on an expected line move, if wrong you need to eat a loss and buy points or lose vig on a ML.
You can't be wrong often ! Most newer guys should stick with 1-3%, rarely going 5%.
I'll go 10% at times, but it's with the plan off a buy-back on an expected line move, if wrong you need to eat a loss and buy points or lose vig on a ML.
You can't be wrong often ! Most newer guys should stick with 1-3%, rarely going 5%.
TTinCO said:
So you are basically using 1% = 1 unit with a 2 unit normal play.
Sports Savant - good point about the ability to replenish. I like to just have my bankroll set and not have it in the back of my mind of having more to replenish. If you do that I think that someone can be a little too aggressive and thus ruin the whole point of MM.
Doug, you have a great point about the number of games. Playing 2-5%, but having 10 games a day on a Sat could potentially leave you risking 50% of your bankroll.
Fishhead said:
Very well said.
I believe that the best way to evaluate your bankroll is to first decide what type of bettor you are. Alot of games on a Sat 10+ then 1% per unit and no more then 3 units on a top game is the best for you. If you are playing 3-5 games then I think you can do 2% and also never go over 3 units or 1% and 1-5 unit plays.
Fish I am sure you can add a lot to this topic. What are your feeling for appropriate %'s and do you think you should rank games 1-? or just flat bet?
If you're winning, 10% is great...heh
If you're in for the long term, 1-2% should be just fine, with a "Unit" being equal to your Base %.
At an average of +1 Unit per day, you're making 7% per week compounded.
At an average of -1 Unit per day, you can lose for 2-3 weeks straight and still have over 80% of your starting bank.
At 2%, you'd be making 14% per week compounded which is of course Twice as Nice...but in the event of a 2-3 week slump, you could blow out almost half your bank.
======
As for the note earlier that mentioned being able to "replenish" your initial bank, I humbly submit that this just means you have a bigger Bank, but all of it may not be in the hands of the Offshore. (presuming you are a PostUp bettor).
So if you have say, 10K offshore, you would play $100 Unit at 1%.
Knowing you have the ability to "replenish" with a fresh $2000 at most any given moment, you could modify your "true bank" to reflect $12,000 and use a $120 Unit.
RULE ONE...Always Protect Your Unit (Late Great Chris Thomas)
If you're in for the long term, 1-2% should be just fine, with a "Unit" being equal to your Base %.
At an average of +1 Unit per day, you're making 7% per week compounded.
At an average of -1 Unit per day, you can lose for 2-3 weeks straight and still have over 80% of your starting bank.
At 2%, you'd be making 14% per week compounded which is of course Twice as Nice...but in the event of a 2-3 week slump, you could blow out almost half your bank.
======
As for the note earlier that mentioned being able to "replenish" your initial bank, I humbly submit that this just means you have a bigger Bank, but all of it may not be in the hands of the Offshore. (presuming you are a PostUp bettor).
So if you have say, 10K offshore, you would play $100 Unit at 1%.
Knowing you have the ability to "replenish" with a fresh $2000 at most any given moment, you could modify your "true bank" to reflect $12,000 and use a $120 Unit.
RULE ONE...Always Protect Your Unit (Late Great Chris Thomas)
unit doesn't mean the same thing to everyone. To me it's like 1% of present bankroll, others define it differently. My buddy ( poster here ... Sherwood) says unit never changes, I disagree ! Links not too cool here, but if you know the site ( hint: Google " Randall the handle") read Brian's def of unit.
Point is unit isn't a term with an agreed upon definition.
Point is unit isn't a term with an agreed upon definition.
Sherwood basically says unit doesn't change but number of units bet does as you win/ lose. My beef is he basically flat bets an unusual 1.6 units. If that's winning it should be up to 20 units by now ! But it remains the same years later !
I'm sure he does that to not mislead, but it fails to account for a presumably growing bankroll.
I give up ! It's not standardized what a damn unit means ! Most use some form of Kelly without even knowing it.
I'm sure he does that to not mislead, but it fails to account for a presumably growing bankroll.
I give up ! It's not standardized what a damn unit means ! Most use some form of Kelly without even knowing it.
DougJ said:
ur right, people do define it differently for sure, I doubt Kojak is putting 25% of his bank on a 25 unit play....
in fact....
if you add up all his bets on a saturday, he actually bets more than 100 units... so for him it is obviously less.....
to me however,
the generally accepted standard is:
1 unit = 1%
SportSavant said:
Agree ! I like Kojak, a lot... not taking shots at him, but he's a good example. One needs to translate a Kojak unit into their unit to follow him properly ! Maybe Kojak is very conservative and his "unit" equals .1% of BR ? If you normally pick 5 unit plays thru 25 unit plays , that's tight. He pick's 3 unit plays too. Don't know his unit relative to BR.
Hard to talk units without sexual undertones, as well !
I'm sure Kojak will explain his unit !
:toast: :lolBIG:
