money management system

SPunlimited · Jan 25, 2006

I was reading somewere about a money management system where in theory if you can hit 60% you can turn $1000 into like $8,000,000 in 2 years I know its not pratical but in thorey thats the way it would go.

It goes like this start out with $1000 bet 10% of your bankroll on 1 game everyday and if you hit 60% you should double up ruffly every 54 days thats if my math is right anyway and in a year you should be up to $64,000.

I was thinking of giving it a try anyone got any thoughts or ever try it I'm thinking about it not sure of I'm missing an obvious downfall

duderinow · Jan 25, 2006

Yeah, the downfall is you have to hit 60% consistently! Few and far between can do that.

Tulsa · Jan 25, 2006

SPunlimited said:
I was reading somewere about a money management system where in theory if you can hit 60% you can turn $1000 into like $8,000,000 in 2 years I know its not pratical but in thorey thats the way it would go.

It goes like this start out with $1000 bet 10% of your bankroll on 1 game everyday and if you hit 60% you should double up ruffly every 54 days thats if my math is right anyway and in a year you should be up to $64,000.

I was thinking of giving it a try anyone got any thoughts or ever try it I'm thinking about it not sure of I'm missing an obvious downfall

You reach limits that books will take per game pretty quickly. Also, hitting 60% is very, very difficult over the long run.... But, in all honesty, compounding does work whether with interest or with re-investing at a 60% sustained win percentage.... Good luck. Come back and tell us how it worked out for good or bad! tulsa

oldmanTED · Jan 25, 2006

First of all, it is highly unlikely you will win 60% of your wagers over the course of 2 consecutive years. The more likely win percentage for a successful handicapper is right around 53-54%. Being realistic with your goals is an important step toward having any success.

NorthernStar · Jan 25, 2006

I have spent a ton of time in regards to calculating what would happen in regards to money management and have written papers in regards to it along with what to do when there are multiple plays going at the same time. The theory is great. The hard part is hitting 60% winners. Based on optimizing your bet. 60% winners would call for a bet of 16%. You are only betting 10% which is a good idea in my mind. If you really think you can hit 60% I would still lower my % of bankroll wagered to a lower % somewhere in the 5-7% range. So it takes you an extra month or two to double from 4 million to 8 million. I could live witht htat problem. The more difficult part will be if you did start with $1,000 and hit 60% and your bankroll get to $1,000,000 how easy is it to get say $60,000 down on a bet? The good part of the system is it makes no difference when you win or lose. Search the forum under my name I have typed some more in depth talks about the Kelly Money Management system.

Good Luck

Northern Star

SSI · Jan 25, 2006

since nov 29th, i have basically been betting one game per day.. record stands at 39-24 (61.9%) and a profit of over $6300.. however i am flat betting a nickel per game and have wavered off this twice and happened to hit both of those...

i think 60% can be maintained by a good capper that is being selective.. being selective is the key...

Insiders · Jan 25, 2006

60% ver possible if only makeing the TOP plays per week. In the CFB i was doing very well maybe even better than 60%, but that season ended an so did that nice run.
Very difficult for Anyone to actually hit 60% ALL year long, i would think. JMHO

SPunlimited · Jan 25, 2006

OK thanks for the replys fellas I know the 60% is hard but hosnetly I think at 1 game per day I think I can hit 60% or at least pretty close to it and book limits is why this system is'nt all that practical but a year is only $64000 thats defintly doable. And Tulsa if I do do it I'll probaly keep track of here somewere.

SSI · Jan 25, 2006

ill let you know, next nov 29th.. so far my longest losing streak has only been 3 days (games) and longest win streak was 5.. best part for me, is less capping time and way less stress..

Insiders · Jan 25, 2006

SSI

I really wish that someone here would TRY this out. I know a guy that plays about 4-7 plays for the total week and it seems like he just wins Every week. He plays Everything ALL year round but mostly cfb, but he does make a cbb play and a NBA play as well. Now when baseball comes around he is much more selective and hardly Never plays a chalk, i have noticed.

Iceman · Jan 25, 2006

NOOOOOOOO way is anyone going to sustain a 60% win pct over 750 (2 years) plays. That is not realistic. Yes anyone can have a sequence of 100 bets over 60% but not that high with that many plays. Just research all nite for anyone that is documented on here(or the other documented places on the web) at 60% over 500 plays and you won't find one.
Can I ask you how your going to handicap to be that more proficient than the average bettor.What are you going to do different than EVERYONE else, to help you find this EXCELLENT value wager? How much time a day you are going to spend to find that one game that you like?
Not trying to sound negative but I just felt that someone needed to come in this thread and give you another thing to think about. Like Old Man Ted said 53-54% is excellent and you will find very few of them. Good luck

SPunlimited · Jan 25, 2006

ok fellas I think I'll give this a try starting tomorrow and I'll keep track of it here on the forum somewhere anyway, what forum would be the best to keep track of this in I'll be betting all sports but this time of the year its mostly gonna be hockey. And one other note for anyone who wants to follow I'll be changing my username back to Stocks

Fishhead · Jan 25, 2006

oldmanTED said:
First of all, it is highly unlikely you will win 60% of your wagers over the course of 2 consecutive years. The more likely win percentage for a successful handicapper is right around 53-54%. Being realistic with your goals is an important step toward having any success.

Print the above statement out and pin it on your office wall.

Bet-It-All · Jan 26, 2006

Lets say you hit 52 - 55 % over 2 years thats still a nice amount of profit with his system but the bets could get so big you may not want to place them.

Stocks · Jan 26, 2006

Bet-It-All said:
Lets say you hit 52 - 55 % over 2 years thats still a nice amount of profit with his system but the bets could get so big you may not want to place them.

Ya thats right I'm not saying I'm gonna hit 60% but my average over the years is 55%- 57% and that was with 4 or 5 games so I think 1 game a day 60% is certinly plausable. I'm just gonna put this theory to work and take it as far as I can more as a test to see if its a good money management system to grow your bankroll than if I can actually hit 60% long term. One other thing I'm gonna do with this system is withdraw 10% of my bankroll on the 1st of every month so i'll actually be getting some money out of it and thats it lets see how this works.

David1 · Jan 26, 2006

Besides having to hit the 60%, its just as important making sure you are with a book that will pay you. Can you imagine making this work and then getting stiffed or just jerked around enough to throw you off. If you are with the wrong book(Royal or Betus/Omni), and they get wind of this winning system, you are asking for problems. Be sure to play with a solid book. Good luck. I also believe I can hit the 60%, but I dont have the patience or discipline.

fathead · Jan 28, 2006

Betting a fixed percentage of your bankroll is one of the best money management systems around. Hard to go wrong there.

Budworth22 · Jan 28, 2006

I am for 55% on all spread sports. I try to get good volume, and do utilize kelly betting.

Kruser6 · Jan 28, 2006

SPunlimited said:
I was reading somewere about a money management system where in theory if you can hit 60% you can turn $1000 into like $8,000,000 in 2 years I know its not pratical but in thorey thats the way it would go.

It goes like this start out with $1000 bet 10% of your bankroll on 1 game everyday and if you hit 60% you should double up ruffly every 54 days thats if my math is right anyway and in a year you should be up to $64,000.

I was thinking of giving it a try anyone got any thoughts or ever try it I'm thinking about it not sure of I'm missing an obvious downfall

Are you talking about re-adjusting to 10% everyday?

NorthernStar · Jan 28, 2006

Bet-It-All said:
Lets say you hit 52 - 55 % over 2 years thats still a nice amount of profit with his system but the bets could get so big you may not want to place them.

Unless you are playing a smaller % of your bankroll, and you hit say 53%, you will lose money not show a nice profit. Someone playing 10% of there bankroll and hits say 54% of their plays will show a loss!!!

Northern Star