1-5 units = 1-5% of bankroll ????

the_snowkid · Feb 28, 2006

is this a safe plan?

SteamDaddy · Feb 28, 2006

depends how big your roll is, wether you have a cast iron stomach, and what is your expected/proven long term winning %.

LucaBrasi · Feb 28, 2006

I wouldn't exceed 2% of bankroll for any one play.
I personally play all at 1% and have yet to get in trouble.

Duckstabber · Feb 28, 2006

Luca Brasi said:
I wouldn't exceed 2% of bankroll for any one play.
I personally play all at 1% and have yet to get in trouble.

Same here. Almost all of my bets are 1% but every once in a while I go up to 1.5 or 2%.

oldmanTED · Feb 28, 2006

This is only safe if you have the experience to be able to differentiate your plays and know what constitutes a 1* play up to a 5* play. Otherwise, your bankroll will not withstand significant losses at plays rated above 1* or 2*. You must be able to and expect to hit your higher rated plays at a winning percentage when deciding to use a variable money management plan.

PantherOutlaw · Feb 28, 2006

I'm another 1% with no worries, even though I make a lot of plays in a given month. Gambling is a streaky business, and to me betting consistently above 1% is looking for trouble. Betting consistently at 5% will almost certainly break you, most likely sooner rather than later.

Insiders · Feb 28, 2006

oldmanTED said:
This is only safe if you have the experience to be able to differentiate your plays and know what constitutes a 1* play up to a 5* play. Otherwise, your bankroll will not withstand significant losses at plays rated above 1* or 2*. You must be able to and expect to hit your higher rated plays at a winning percentage when deciding to use a variable money management plan.

Very well stated!
I myself do play on the 1*-5* method.
Sports betting is the same for me in football and basektball. Now baseball another story. I tend to play dogs and streaks. Sometimes in a baseball run of streaking teams the wager far exceeds even then 5* method. To each their own.
I think that bookmakers just love to see people make a deposit, and then play 1-2% of the bankroll. I know they have got to be sitting there saying well the Grind and the Juice will take care of this guy!

AngleBroom · Feb 28, 2006

Easy saying. If you are nervous while you are watching a game, you're betting too much. A good rule for me is 3-5% of my bankroll, regardless of size, and never more than 25% of action at one time. God forbid if you go 0-6 one day, you'd still have 75% of your bankroll left-enough to rebound.

SteamDaddy · Feb 28, 2006

1% is not realistic for a small bankroll, say dime or two. Nobody is gonna be playing 10 or 20 bucks a game thinking they are gonna build their roll. Thats just not enough $$$ on the line to be worth anyone's time. Plus if you lose it it can be replaced easily enough by most people.

Whatever the case, if you do not win its not goin to matter what your % play is.

AngleBroom · Feb 28, 2006

SteamDaddy said:
1% is not realistic for a small bankroll, say dime or two. Nobody is gonna be playing 10 or 20 bucks a game thinking they are gonna build their roll. Thats just not enough $$$ on the line to be worth anyone's time. Plus if you lose it it can be replaced easily enough by most people.

Whatever the case, if you do not win its not goin to matter what your % play is.

Sounds like how I used to wager when I started. Before I learned the ropes to this gambling business.

AngleBroom · Feb 28, 2006

A unit is just a basic amount= hence the term(unit). It's then multiplied by a rating, i.e. 1,2,3,4,5,6,7. 7's are information games(locks), 6's are info games too, the rest are capped, 5* having around 85% angles and less down to a pickem. That's how you show a profit using a unit system.

the_snowkid · Feb 28, 2006

maybe 5% is a lil high, but 1% ???? :icon_conf

that seems way to low to make any real money.

PantherOutlaw · Feb 28, 2006

Like most other businesses, being under capitalized is a good way to fail. Like anything else, it takes money to make money. I've got over $3K in profit for my 1% plays this month, maybe that's not real money to you, but I'm OK w/it.

Journeyman · Feb 28, 2006

the_snowkid said:
maybe 5% is a lil high, but 1% ????

that seems way to low to make any real money.

This is why I say you need 100k to be serious about it.

Anyone betting more than 1-2% is risking sitting on the sidelines til they regroup, when they're tapped out.

This is the main reason , 98% of bettors should just do it as a hobby for extra income....unless you have a nice nestegg of 6 figures to play with.

Nothing wrong with that either, 10-15k on the side :103631605

Most important thing is to realize (ahead of time) all of this and have a plan set aside for the entire year, written down and stricly followed.

Duckstabber · Feb 28, 2006

the_snowkid said:
maybe 5% is a lil high, but 1% ????

that seems way to low to make any real money.

Depends on the size of your bankroll, now doesn't it???

the_snowkid · Feb 28, 2006

Journeyman said:
This is why I say you need 100k to be serious about it.

Anyone betting more than 1-2% is risking sitting on the sidelines til they regroup, when they're tapped out.

This is the main reason , 98% of bettors should just do it as a hobby for extra income....unless you have a nice nestegg of 6 figures to play with.

Nothing wrong with that either, 10-15k on the side Most important thing is to realize (ahead of time) all of this and have a plan set aside for the entire year, written down and stricly followed.

j'man, what do u think about a 1-3% representing 1-3 units?

i was just doing some research on the net about this subject and most quality leads say 1-3% is a safe number.
:toast:

CHRISG612 · Feb 28, 2006

I guess 1% only works it your bankroll is around 10,000 dollars

Tulsa · Feb 28, 2006

Oddly, I disagree with all these great guys and they are correct. How can I disagree and they be correct, you ask? Well, they are being conservative.

If you plan to win then you will find that betting any amount will win. However, if you are planning to lose then betting any amount will lose.

Now...the hard part. I realize you plan to win. How do you keep your mind at ease and able to do quality assessment? How do you win long term? You do that by making rules for yourself. Look, if you stay at 4% or below on bankroll on every play and you feel you can win...then do it.

I would say that 3% or 3.5% of your bankroll tops per play is a GREAT WAY TO GO!! You are planning on having a winning percentage, right? Well, then it would take a while for that type of play to bother you....look for swings of 18% plus or minus, by the way. Volatility is our friend, not our enemy.

FURTHER, I would never risk more than 7% in any one day! That means you can play more plays but at lesser bankroll percentage or you can play up to two plays at 3.5% bankroll.

I, personally believe in flat wagering about 3% of my bankroll on every play. I should never exceed 7% in a day and once I lose about 18% or more, I stop for five days. This works...believe me...for me.

We all are different and OldManTed is different than me, I can tell. However, you must find your way and realize that any that have replied are not necessarily wrong, but we all run on different wavelengths.

Good luck. tulsa